christies: Tiburon / Belvedere Home Sales & Real Estate | April / May 2011 - 05/05/11 11:14 AM
During March & April 2011, Tiburon and Belvedere experienced a total of 25 home sales. Interestingly, over half of these were properties below $2 million. Below are the percentages of homes in escrow in each of the major price bands:
25% of homes priced under $2 million; 18% of homes between $2 million and $3 million; 10% of homes between $3 million and $5 million; 0% of homes over $5 million. Tiburon and Belvedere homes that sold in March and April 2011, exhibited the following characteristics:
Number of Sales: 25 Average Days on Market: 129 Price: $1.978 million Square Feet: 2,856 Price per … (0 comments)

christies: Pacific Union Novato Real Estate Update (March 2011 Novato Home Sales Report) - 03/14/11 09:28 AM
Febuary 2011 resulted in excellent home sales numbers for Novato (34 homes sold in February, compared with 22 trades in January). It appears that this momentum is carrying into March as buyers act quickly on well-priced and/or unique opportunities. The average sales price of Novato homes in Febuary 2011 was $534K. These homes averaged 156 days on market, were about 2,092 sq. ft., and averaged roughly $267 sq. ft. Novato’s absorption rate (e.g., number of months’ inventory of homes for sale based on last month’s sales totals) is an astonishingly low 3.35 months’ worth of available inventory overall (114 single family … (0 comments)

christies: Pacific Union International | Belvedere & Tiburon Real Estate | February 2011 Home Sales Report - 02/16/11 10:27 AM
During January 2011, Tiburon and Belvedere experienced just four home sales. Below are the percentages of homes in escrow in each of the major price bands:
25% of homes priced under $2 million; 20% of homes between $2 million and $3 million; 6% of homes between $3 million and $5 million; 0% of homes over $5 million. Tiburon and Belvedere homes that sold in January 2011 exhibited the following characteristics:
Number of Sales: 4 Average Days on Market: 140 Price: $2.124 million Square Feet: 2,446 Price per Square Foot: $851 If you have any questions or would like a custom market analysis … (0 comments)

christies: Mill Valley Real Estate Report (Pacific Union February 2011 Home Sales) - 02/16/11 10:25 AM

January 2011 home sales in Mill Valley slipped to a mere 13. These trades sold for an average price of $1.125 million and averaged 2,356 sq. ft. (or about $504 per sq. ft.).  The end of 2010 and first month of 2011 reflected a heightened sense of security from buyers of homes in the bread-and-butter Mill Valley price range of $1 million to $1.5 million. We had 7 such sales. The number of listings actively on the market in the MLS a very low 67 — most sellers took their homes off the market as Winter set in and many … (0 comments)

christies: San Rafael, CA Real Estate Update (February 2011 Home Sales Report) - 02/11/11 06:24 AM
A suprising uptick in sales occurred last month (January 2011) in San Rafael - we had 32 homes sell compared with 26 in December. The entry level price band (under $600K) remains strong - 26 of these homes are currently in escrow. Meanwhile, the $600K to $800K price band (a mix of entry level and move-up homes) remains buyer-friendly and accounts for another 17 of homes in escrow. Interestingly, the entry level market is virtually the only segment of San Rafael inventory experiencing any meaningful traction - for example, of the 26 homes which sold last month, 27 were priced under … (0 comments)

christies: Novato Real Estate Market Update (September 2010 Novato Home Sales Report) - 09/27/10 06:44 AM
Despite record low temperatures in Marin the Summer, the Novato, California real estate market has not cooled. We again had 33 trades last month and average sales prices and average price per square foot figures remained nearly unchanged from the past three months. The average sales price of Novato homes in July 2010 was $686,519. These homes averaged 105 days on market, were about 2,315 sq. ft., and averaged $312 per square foot. Homes in The Landing at Hamilton, Pointe Marin, Country Club, Rush Creek, and Bel Marin Keys generated the most calls and showings this past month.
Novato’s price per square foot has hovered within 3% of … (0 comments)

christies: Pacific Union International San Rafael CA Real Estate Market Report (September 2010 Home Sales Update) - 09/27/10 06:27 AM
San Rafael, California real estate sales in August 2010:  25 sales. The entry level price band (under $600K) remains relatively strong — 29 of these homes are currently in escrow (39%). Meanwhile, the $600K to $800K price band (a mix of entry level and move-up homes) remains buyer-friendly with 17% of homes in escrow. The inventory for single family homes for sale increased a bit this month as it does every year after Labor Day. There are currently 217 homes active on the MLS. Price per square foot stands at $357.
Of the 34 homes sold in June 2010, the average:
days on … (0 comments)

christies: Tiburon / Belvedere (August 2010 Home Sales Update) — Pacific Union International - 09/11/10 12:29 PM
In line with annual trends, Tiburon and Belvedere home sales slipped  in July 2010 — we had just nine sales compared with 13 in July. Building on a trend noted in this report over the past few months, median sale prices continue to rise while asking prices continue to drop. Both of these very important market indicators point to an improving market and more realistic expectations by sellers — the median price of homes for sale is down 7% and the median price of homes sold is up 4%.

As asking prices dip and sales prices rise, we are also seeing … (0 comments)

christies: Pacific Union Real Estate Mill Valley Report (July 2010 Home Sales Update) - 08/31/10 02:48 PM
The number of homes sold in the Mill Valley, California real estate market rose once again and Mill Valley's touchstone price band ($1 million to $2 million) posted another solid month. For the most part,  buyers now speak confidently about our market as it is truly a unique time in history to buy discounted homes with virtually free money.
Nonetheless, recent national media coverage has focussed on the slowdown in the number of sales nationwide, giving some buyers pause. But, Mill Valley is not Detroit or Las Vegas. The first time home buyer tax credit never impacted Mill Valley in a significant … (1 comments)

christies: Marin County, California (Home Sales Update July 2010) - 07/25/10 09:40 AM
We have multiple economic drivers and underlying fundamentals that impact our local real estate markets. Housing prices, interest rates, job growth and inflation/deflation are significant variables in the Bay Area housing market. While we could not predict either the economic shift that began in August 2007 or the duration of the economic volatility caused by the shift, we do have a few very positive fundamentals present today.   Interest rates for conforming mortgages ($729,750) and jumbo mortgages are currently at historic lows since Freddie Mac started recording in 1971 – see rates in the mortgage rate table on page two. Housing … (0 comments)

christies: Pacific Union San Rafael CA Real Estate Market Report (June 2010 Home Sales) - 06/16/10 08:21 AM
San Rafael, California real estate sales remained strong in May 2010. We had 41 trades (compared to 44 in April). The entry level price band (under $600K) remains very hot — over half of these homes are currently in escrow. Meanwhile, the $600K to $800K price band (a mix of entry level and move-up homes) remains tepid with 27% of homes in escrow. The inventory for single family homes for sale increased this month to 189 homes. Increased supply is typical this time of year as many of the overpriced homes from early in the year remain on the market and new listings are added.
… (0 comments)

christies: Pacific Union International | Marin Real Estate Update | May 2010 - 05/24/10 04:09 PM
We at Pacific Union International in Marin County, California continue to feel as though the 2010 real estate market is vastly different from that of 2009. Year over year prices seem to have leveled in most price segments and locations within Marin — some areas have even seen prices increase (albeit nominally). Countywide supply and demand figures suggest an improving real estate environment. Supply is up 7%. But the number of sales of 3 bedroom, 2 bath homes with at least 1,500 square feet and priced under $1 million,  are up an incredible 191% from April 2009.   

As noted in various recent … (1 comments)

christies: Pacific Union International Mill Valley CA. Real Estate Market (May 2010 Home Sales Update) - 05/17/10 05:43 PM
The number of homes sold in the Mill Valley, California real estate market rose again in April 2010 and Mill Valley's touchstone price band ($1 million to $2 million) has posted another great month. As stated last month, it has been more than three years since buyers have spoken confidently about the market, but they are now. Low interest rates, improved jobs numbers, a string of positive local and regional real estate news stories, and a stronger stock market environment has buyers again feeling secure in the fact that they are buying with a tailwind.
The number of homes for sale in Mill Valley is tapering as we move through the Spring selling … (0 comments)

christies: Pacific Union International Novato Real Estate Market (May 2010 Home Sales Report) - 05/16/10 03:38 AM
The Novato, California real estate market continues to exhibit strength across nearly all price bands (not so for homes priced above $1.5 million). April 2010 saw 24 sales (same as February 2010). The average sales price of Novato homes in April 2010 rose over 3% to to $656,699. These homes averaged 93 days on market, were about 2,291 sq. ft., and averaged roughly $294 sq. ft.
Novato's price per square foot has hovered between 3-5% of $300 for a year now - in my mind, we are seeing the gradual recomposition of the market in the era of the "New Normal." Prices are holding steady. … (0 comments)

christies: Pacific Union International San Rafael CA Real Estate Market Report (May 2010 Home Sales Update) - 05/16/10 03:35 AM
San Rafael, California real estate sales jumped again in April 2010. We had 44 trades (compared to 33 in March and 24 in February). The entry level price band (under $600K) remains very hot, with 61% of homes now in escrow. Meanwhile, the $600K to $800K price band (a mix of entry level and move-up homes) remains tepid with 33% of homes in escrow. The inventory for single family homes for sale sits at 170 homes (down incrementally from last month).
Of the 44 homes sold in April 2010, the average:
days on market was 70 days sales price was $819,159 home size was 2,011 square feet $409 per sq. ft. … (0 comments)

christies: Pacific Union Mill Valley Real Estate Market Report (April 2010 Home Sales Update) - 04/24/10 02:49 AM
I have been chomping at the bit to write this monthly report as the market in Mill Valley is bursting with positive indicators. The number of homes sold in the Mill Valley, California real estate market rose nearly 50% over the prior month. Mill Valley's touchstone price band ($1 million to $2 million) appears to be striding towards normalcy. Not only is seasonal inventory healthy (with more homes for sale than last year), but so too is the percentage of homes in escrow (see below - it is hard to believe!). With most economic indicators pointing towards recovery, the collective thinking among buyers … (2 comments)

christies: Pacific Union San Rafael Real Estate (April 2010 Home Sales Update) - 04/24/10 02:43 AM
San Rafael, California real estate sales jumped in March 2010. We had 33 trades (compared to 24 in February). The entry level price band (under $600K) remains active, with 47% of homes now in escrow. Meanwhile, the $600K to $800K price band (a mix of entry level and move-up homes) has stalled a bit with just 28% of these homes in escrow. The inventory for single family homes for sale sits at 176 homes (we had 117 active listings last month). It is expected that this Spring will see a large number of homes hitting the market as sellers who have stayed out of the market for the … (1 comments)

christies: Marin County, California, Luxury Homes Report (January 2010–Sales and Inventory Analysis) - 01/21/10 02:27 AM
Home sales in Marin County, California's luxury price bands continue to recover from the proverbial wasteland of late 2008 and early 2009 when it seemed as though the luxury home market would never recover. Yet, as reported in previous months, real buyers continue to snap up homes in prestige locations such as Belvedere, Ross, Kent Woodlands, etc. Indeed, "value" properties are gobbled up quickly. Despite this apparent thirst for luxury digs, inventory levels remain 40% higher than two years ago. This trend is not unique to Marin, but prevails nationwide. For a detailed snapshot of current national trends from the Institute for Luxury Home Marketing, click HERE.
The below … (0 comments)

christies: Marin County, CA. Real Estate Update — January 2010 - 01/21/10 02:24 AM
We are approached daily by our clients with requests to predict what will happen in our local real estate markets in the near future. To shape our perspective, Morgan Lane researched Marin County single family home (SFH) sales and indexed them (on a units-sold basis) to multiple benchmarks including: interest rates (10 Year T-bill), unemployment (SF Bay Area) and an affordability index (income vs. cost of ownership). We continue to struggle to find direct correlation between Marin County real estate and these available indices.   We have found a relationship worth noting between the total number of Marin County SFH (supply), … (0 comments)

christies: Mill Valley CA. Real Estate Market Report (January 2010 Home Sales Update) - 01/19/10 10:07 AM
The number of home sales in the Mill Valley, California real estate market rose again in December 2009 - 27 listings sold, compared with 24 in November. Based on last month's total, we currently have an overall inventory of homes sufficient to last 1.96 months! This is a HUGE reduction from the absorption rate from May 2009, which stood at well over 8 months. Indeed, the number of homes for sale in Mill Valley is an extraordinarily low 53. Meanwhile, asking prices have held steady over the past quarter and stand now at about $610 per square foot. It remains to be seen whether this rise will translate into higher … (0 comments)

 
Kyle Frazier, Kyle Frazier , CRS & Marin CA Realtor (Christie's Great Estates | Pacific Union International)

Kyle Frazier

Kyle Frazier , CRS & Marin CA Realtor

Mill Valley, CA

More about me…

Christie's Great Estates | Pacific Union International

Office: (415) 448-1118

Mobile: (415) 350-9440

Real Estate information about Marin County, California--Mill Valley, Sausalito, Tiburon, Belvedere, Corte Madera, Larkspur, Greenbrae, Kentfield, Ross, San Anselmo, San Rafael, and Novato. Community descriptions, sales information, and more.


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