GREEN REALTOR NEWS | Vol. 40
Market Update | Decarbonizing Your Home | Rain Barrel Giveaway | Photo Contest
Market Update
This summer has seen a divergence between the real estate markets in Marin and San Francisco. In San Francisco, the median price for a single family home increased by 6% over last summer while the total number of home sales surged by 15.5%. In Marin, the median sale price has shown a modest increase of 0.6% while the number of homes for sale has increased by 22.8%, indicating a slower market. The number of price reductions has jumped by 50% compared to last summer, indicating that some sellers are adjusting their expectations to better align with what buyers are willing to pay.
Why the difference between San Francisco and Marin? We could still be in a post-pandemic correction, or it could be that San Francisco is on an upswing despite a slowdown in the larger real estate market. Our usually busy selling season that starts after Labor Day will be an interesting one to watch. Click the buttons below for the full market reports.
Bringing Decarbonization Home
According to scientists at NASA’s Goddard Institute of Space Studies, 2023 was the hottest summer on earth in the last 2,000 years. 2024 is shaping up to be even hotter. We here at the Green Realtor News believe in thinking globally while acting locally and that every little thing we do adds up to make a difference. As burning fossil fuels is the greatest contributor to climate change, decarbonizing your home is a good place to start. Luckily, Rewiring America recently created a helpful online tool, the Personal Electrification Planner, to provide information, cost estimates, decision making tools, and state and federal rebates for electrifying your home. The PCP asks for inputs - square footage, HVAC type, water heating type, appliances, etc. and also your motivation to make changes, like lowering energy bills, improving health and comfort or maximizing incentives. Based on your answers it generates a list of projects to do and explains them in terms of benefits, upfront costs, rebates and credits, a project’s difficulty and lifespan, energy savings, and climate impact.
Want to learn more? Click the button below or give me a call.
Alas, this benefit is only available to customers of Marin Water, but if you are, click this link to sign up for the DIY Recycled Rain Barrel Giveaway. EO Products, a Marin-based B Corp, donated these reusable barrels to Marin Water for residential and commercial rainwater catchment systems. With a few extra supplies and some provided instructions you can create your own system to supplement your regular summer irrigation. I picked up 4 barrels this week for my own use and we’re going to try setting them up before the rainy season starts. I’ll let you know how it goes!
Both Marin Water and the San Francisco PUC offer rebates for rain barrel and cistern catchment systems. Click the buttons below for details.
Photo Contest
I hope you enjoyed the Green Realtor News! If you know anyone buying or selling, or if you are curious to hear more about the market, please don’t hesitate to reach out. I’d love to help you or your friends make moves. As one of my happy clients loves to say:
Everyone Needs A Lucinda!