January Newsletter 2024
2023 Market in Review
Happy January 2024! I hope that you had a fantastic holiday. While it is still very early to forecast the 2024 residential real estate market in Marin, based on the release of my first listing this past week in Ross, my sense is that demand is heightened, and buyers are ready to make commitments to new homes again. With imminent rate reduction/s forecasted for 2024, and the consensus that a recession is very unlikely, buyers appear to be out and ready to buy again. While supply is forecasted to remain low, my advice to buyers is to stop timing the market, and to buy homes that you love, that are good investments, and in great locations. My governing mantra is: “Buy great homes at fair prices”. My advice for sellers is the same. The reset on valuations that occurred for most homes post-COVID still reflects incredible appreciation over the course of the last decade. The Covid bubble was a singular event and not a reflection of a permanent market here in Marin. I believe that we are now in a more normalized, healthy market with a bit of a resurgence in buyer activity. If you have questions about the Marin market, and/or would like my opinion on your home or a home you are considering buying, please feel free to reach out. Safe and happy start to 2024!
Listing of the Month
This magazine-worthy Ross estate previously underwent a substantial renovation with noted architect Steve Wisenbaker, with more recent updates throughout. Great scale with high ceilings and architectural details, custom lighting, custom wall coverings, classic finishes, and designer floor coverings, define the +- 4,865 square foot residence.
The 5 bedroom and 5.5 bathroom residence offers a versatile floor plan with an additional +-200 square foot bonus room on the lowest level. The residence is just steps from the Art & Garden Center and two blocks from the heart of downtown Ross. The heart of the home is a grand-scale great room that seamlessly flows directly to the level lawn and outdoor entertaining spaces. All of the home’s public rooms open to the rear yard and gardens, providing year-round resort living.
Perfectly site placed on a mostly level +-½ acre lot, the residence is set far back off the road, offering a generous parking court for +-8 cars. The mature gardens include a multitude of perennials, fruit trees, old growth Oaks, Palms, stone walls, a sweeping level lawn, a wood-burning fireplace, a large Bluestone terrace, a large deck, an outdoor dining area, a waterfall, and a recently restored in-ground pool.
Completely private, the residence is ideally located just several blocks to downtown Ross, the award-winning K-8th grade Ross School, Ross Common, and Ross’ many charming shops and restaurants.
Successful Sale Spotlight
December Design Tip
Looking to inexpensively pop your art collection with something that really appeals to a wide audience? I love using black and white rock and roll photos to add appeal to homes. Check out my video above!
The McLaughlin Team x CNBC
2023 was a dream come true, leading my two daughters, Whitney and Grace McLaughlin, in the launch of the McLaughlin Team in Aspen. I'm so proud of them for their first year of sales in a very competitive market. Check out The McLaughlin Team commercial now streaming on CNBC, Fox News, CNN, and more!
2023 Marin Sales to Date
- Undisclosed address, Belvedere: Sold for $23,350,000 (Buyer Represented)
- 9 W Shore Road, Belvedere: Sold for $14,200,000 (Seller Represented)
- 214 Seadrift Road, Stinson Beach: Sold for $13,250,000 (Seller Represented)
- 200 Lagunitas Road, Ross: Sold for $8,700,000 (Buyer Represented)
- 331 Golden Gate Avenue, Belvedere: Pending. List price $7,995,000 (Seller Represented)
- 101 Crown Road, Kentfield: Sold for $7,000,000 (Seller Represented)
- 1 Vista Drive, Kentfield: Sold for $6,200,000 (Seller Represented)
- 63 Dipsea Road, Stinson Beach: Sold for $6,200,000 (Seller Represented)
- 3 Belvedere Way, Belvedere: Sold for $4,000,000 (Buyer Represented)
- 20 Seminary Cove Drive, Mill Valley: Sold for $3,624,500 (Buyer Represented)
- 12 Rosebank Avenue, Kentfield: Sold for $3,575,000 (Seller Represented)
- 20 Allen Avenue, Ross: Sold for $3,500,000 (Seller and Buyer Represented)
- 115 Bayview Avenue, Belvedere: Sold for $3,200,000 (Buyer Represented)
- 612 Eastwood Way, Mill Valley: Sold for $2,905,000 (Seller Represented)
- 24 North Terrace, Tiburon: Sold for $2,725,000 (Seller and Buyer Represented)
- 14 Grace Court, Corte Madera: Sold for $2,700,000 (Seller Represented)
- 70 Bolsa Avenue, Mill Valley: Sold for $2,300,000 (Seller Represented)
- 12 Aqua Vista Sold for $2,300,000 (Seller Represented)
- 134 Linden Lane, San Rafael: Sold for $1,849,000 (Seller Represented)
- 64 Barber, Sold for $1,800,000 (Buyer Represented)
- 251 Cecilia Way Tiburon: Sold for $1,595,000 (Buyer Represented)
- 92 Sir Francis Drake Boulevard, Ross: Sold for $1,525,000 (Seller Represented)
2023 Aspen Sales to Date
- 220 Draw Drive, Aspen: Sold for $8,007,500 (Buyer Represented)
- 139 Fisher Creek, Carbondale: Sold for $2,950,000 (Buyer Represented)
- 102 Evans Road, Unit 206, Basalt: Sold for $1,100,000 (Seller and Buyer Represented)
- 94 Sinclair Lane, Snowmass Village: Sold for $4,800,000 (Buyer Represented)
- 507 West Main Street Unit C-201, Aspen: Sold for $4,000,000 (Buyer Represented)
Author of Real Estate Rescue
Real Estate Rescue: How America Leaves Billions Behind in Residential Real Estate and How to Maximize Your Home's Value
As one of the top producing agents in the United States, Tracy has sold more than $4 billion of residential real estate over the course of a 26-year career. Too often, Tracy has seen home buyers and sellers make seemingly innocuous decisions that result in leaving extraordinary amounts of money on the table without them knowing it. Her book provides homeowners a clear roadmap to fully monetize the sale or purchase of their home.
Tracy is currently writing her second book on residential real estate.
Tracy's Recent Press
What's Happening in Marin?
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Cirque du Soliel Koozå is a touring circus production by Cirque du Soleil which premiered in Montréal, Quebec, Canada, in 2007. The show was written and directed by David Shiner, and will be in San Francisco through March! |
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Rancho Nicasio Fleetwood Mac Coverband Rancho Nicasio is one of west Marin's biggest attractions. With live music, dinner, and dancing almost nightly, it is a must see! Head out west on January 26th to see Fleetwood Macramé! |
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McEvoy Ranch Enjoy a guided tasting and learn what makes olive oil the staple of the Mediterranean diet as you relax on the Tasting Room Patio. This Ranch is home to 50 acres of Tuscan olive trees nestled amongst natural ponds, coastal fog, and native wildlife. |
All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing.
Residential market activity reported to BAREIS MLS. Data deemed reliable but may contain errors and subject to revision. All numbers are approximate.
DRE# 01209397