christies great estates: Marin County (San Francisco Bay Area) Real Estate April / May 2011 (Pacific Union International Realtors - 05/09/11 03:32 PM
Despite formidable world events over the past few months, the roiling volatility of the equity markets (although things seem to have settled of late), and increased gas prices, the first quarter of 2011 experienced positive trends in many San Francisco Bay Area real estate markets. Properties selling below $1 million, which are over 70% of the closings in the six counties served by Pacific Union International, are experiencing modest to very favorable increases in units sold. In many markets we are enjoying units sold up nearly double the closings in the marketplace from Q1 2009. A refreshing trend which we feel … (0 comments)
christies great estates: Pacific Union Int’l – Christie’s Great Estates | Marin County, CA Luxury Home Sales (May 2011) - 05/09/11 03:30 PM
Pacific Union Int’l – Christie’s Great Estates | Marin County, CA Luxury Home Sales (May 2011). As expected, April 2011 luxury home sales increased — we had 14 trades (there were 9 in January and just 7 in February 2011). While international events of the past several months have been a roller coaster, it appears the stock market’s rally is unabated. Many believe that the overall economic and housing environments are improving, particularly in the Bay Area where the recovery in real estate is being spearheaded by San Francisco. There are extraordinary opportunities available right now for buyers. Pricing in the marketplace … (0 comments)
christies great estates: Pacific Union International | Marin Luxury Homes Report (June 2010) - 06/25/10 11:54 AM
Pacific Union International is the leading broker for Marin County luxury homes. As reported in previous months, “real buyers” continue to snap up homes in prestige locations such as Mill Valley, Belvedere, Ross, Kentfield, etc., along with “value” properties with locational upside, views of San Francisco, southern exposures, knolltop properties. Without question, Marin’s luxury home market is showing signs of increased velocity and buyer optimism. In the $2 million to $4 million price band, May 2010 sales eclipsed last year’s total, inventory is down from last year, and the number of homes with accepted offers (in escrow) is high. This combination of factors looks promising for … (0 comments)
christies great estates: Pacific Union International Tiburon & Belvedere CA Real Estate Market Report (May 2010 Home Sales Update - 05/16/10 10:33 AM
Sales doubled in April 2010 in the 94920 zip code, which covers Tiburon and Belvedere, CA. - we had 14 trades. Importantly, as evidenced by the chart below, median sales prices are up 15%. Moreover, the number of escrows is up 42% over last year. We are seeing increased all cash activity as last month saw at least two sales over $3 million were funded in cash. I think it is fair to say that the majority of real estate practitioners would agree that the field has tilted back to neutral position in most price bands.
Below are the percentages of homes in escrow in each … (0 comments)
christies great estates: Tiburon & Belvedere CA Real Estate Market Report (March 2010 Home Sales Update) - 03/19/10 05:09 PM
After a strong run of 6 months with $5 million and up sales, Tiburon and Belvedere had none in January or February 2010. There are currently 63 active listings in the 94920 zip code, which covers Tiburon and Belvedere, CA. Yet, while January resulted in just 3 sales, February resulted in 10 sales. Most of these were in the entry level - homes priced under $2million. For homes that sold in February 2010, the average price per square foot was $677 - a significant rise from January 2010's low of $611. Below are the percentages of homes in escrow in each of the major price bands: … (0 comments)
christies great estates: Mill Valley CA. Real Estate Market Report (February 2010 Home Sales Update) - 02/14/10 11:26 PM
The number of home sales in the Mill Valley, California real estate market slipped to 16 listings sold, compared with 27 in December 2009. Based on last month's total, we currently have an overall inventory of homes sufficient to last 3.7 months (note that several homes came on the market very recently). This is a big 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 remains very low at 63. Meanwhile, asking prices have held steady over the past quarter and stand now at about $605 per square foot.
The above graph tracks … (0 comments)
christies great estates: San Rafael CA Real Estate Market Report (February 2010 Home Sales Update) - 02/14/10 11:18 PM
San Rafael, California real estate sales slowed in January 2010, with 25 trades, down about 20% from December. The entry level price band (under $600K) remains active, with 59% of homes now in escrow. Meanwhile, the $600K to $800K price band (a mix of entry level and move-up homes) has risen to about 36% of homes in escrow. The inventory for single family homes for sale has risen significantly to 111 homes (we had 79 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 past … (1 comments)
christies great estates: Marin County Trends $500K to $1 million (Q1 to Q3 2009) - 10/21/09 11:27 AM
The year 2009 in Marin County, California has been a roller coaster ride for real estate sellers, buyers, and agents. To the extent that trends can be identified, they have proven particularly ethereal and fleeting. Nonetheless, it does appear that the one market sector that has shaken out this year is the entry level single family home market. Prices appear to have hit bottom in Novato's (Northern Marin) sub-$500K sector. Seemingly, most agents agree that to find a "livable" home in a good neighborhood is very difficult to find under $500K. Inventory in that price band is slim and quickly put … (0 comments)
christies great estates: Mill Valley CA. Real Estate Market Report (October 2009 Home Sales Update) - 10/17/09 11:36 PM
The good new is that it seems the media has turned a corner on its reporting of the U.S. and worldwide economies, as well as the housing market. Positive press coverage has permeated all forms of media and is certain to change the tide, although it will take time. Significantly, San Francisco agents are reporting a significant surge in sales and prices. We know from past experience, that once San Francisco recovers, surrounding communities recover in a geo-concentrically expanding fashion. Yet, the Mill Valley, CA. real estate market continues to limp along, offering hope of recovery, but not fully reaching … (0 comments)
christies great estates: How to Lose Your Net (Impact of Overpricing in Mill Valley, California) - 10/10/09 10:05 AM
Barring special circumstances, there is generally nothing more important to sellers than the net amount of funds they retain when their home is sold. As every real estate professional will attest, pricing correctly for the market at the outset of the listing period is far and away the most important factor in the sales process — as they say, "price conquers all buyer objections." Each year in the real estate industry, numerous books are written, classes are taught, and sermons are delivered on the topic of pricing. Managers implore their agents to advise their clients about the dangers of over-pricing and … (0 comments)
christies great estates: Mill Valley CA. Real Estate Report (September 2009 Home Sales) - 09/18/09 10:40 PM
The Mill Valley, CA. real estate market fulfilled low expectations in August 2009 with 22 sales — same as in July 2009. It has become apparent over the past several months that asking prices have largely halted their downward spiral. As is evident in the graph below, which tracks the median price per square foot (down from $740 to $612), in Mid-June prices flattened out in Mill Valley and have more or less remained stable. It will be interesting to see whether this flattening out carries over into the sales prices of homes trading this Fall and Winter. Based … (0 comments)
christies great estates: Marin County, CA. Real Estate Update — August 2009 (Homes For Sale & Price Ranges) - 08/21/09 01:38 PM
Marin real estate has, it appears, survived the worst of the downturn. While prices are down across the board no matter how you slice it, the road to recovery is in view. Yet, virtually every call I get from potential buyers, at some point in the conversation, eventually turns to short sales and foreclosures — distressed sales remain featured on many buyers’ dance cards. In fact, distressed sales are very competitive and often receive multiple offers. In Northern Marin (a.k.a Novato), 82% of homes priced under $500,000 are in escrow (that’s 40 out of 49 homes!). In San Rafael, 84% of homes … (0 comments)
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.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
Despite formidable world events over the past few months, the roiling volatility of the equity markets (although things seem to have settled of late), and increased gas prices, the first quarter of 2011 experienced positive trends in many San Francisco Bay Area real estate markets. Properties selling below $1 million, which are over 70% of the closings in the six counties served by Pacific Union International, are experiencing modest to very favorable increases in units sold. In many markets we are enjoying units sold up nearly double the closings in the marketplace from Q1 2009. A refreshing trend which we feel … (0 comments)
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