luxury homes: Marin County (San Francisco Bay Area) Real Estate April / May 2011 (Pacific Union International Realtors
- 05/09/11 08:32 AM
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)
luxury homes: Pacific Union Int’l – Christie’s Great Estates | Marin County, CA Luxury Home Sales (May 2011)
- 05/09/11 08:30 AM
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)
luxury homes: Mill Valley Real Estate Report (Pacific Union April/May 2011 Home Sales Update)
- 05/05/11 11:17 AM
March and April 2011 home sales in Mill Valley increased dramatically over the prior three months — we had 27 trades in March and 19 in April (up from 13 in January!). These properties sold for an average price of $1.265 million and averaged 2,369 sq. ft. (or about $542 per sq. ft.). Pricing remains the key ingredient determining buyer interest. Buyers insist on apparent and undeniable value. If they don’t see it in a property, they are willing to wait it out. Now, more than ever, is the time for sellers to be very careful about who they have negotiating … (0 comments)
luxury homes: 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)
luxury homes: 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)
luxury homes: Marin County, CA Luxury Home Sales (January 2011 | Pacific Union International)
- 01/04/11 09:14 AM
With 6 trades in December 2010, the luxury property real estate market in Marin County (properties and estates over $2 million) experienced one of its slowest months. This, despite the fact most economists and consumers feel that that the overall economic and housing environments are improving. Indeed, for real buyers there are extraordinary opportunities available right now. Pricing in the marketplace (especially for homes that have remained on the market through the Winter months) is softer than ever and “value” is evident in the luxury segment. In line with normal seasonal adjustments, the inventory of luxury homes for sale is very … (0 comments)
Of course, keep in mind that last year (our basis for comparison) was the slowest in memory. Nonetheless, 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. Moreover, the absorption rate of our listings is … (0 comments)
luxury homes: Pacific Union San Rafael CA Real Estate Market Report (July 2010 Home Sales Update)
- 07/24/10 03:18 AM
San Rafael, California real estate sales remained strong in June 2010. We had 45 trades (compared to 41 in May). The entry level price band (under $600K) remains hot — 37 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 25% of homes in escrow. The inventory for single family homes for sale increased slightly this month to 198 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. Of … (1 comments)
luxury homes: Pacific Union Novato Real Estate Market Update (July 2010 Home Sales Report)
- 07/23/10 04:43 PM
The Novato, California real estate market continues its torrid year with 49 sales in June — up from 38 sales in May 2010. The average sales price of Novato homes in June 2010 was $644,778. These homes averaged 98 days on market, were about 2,162 sq. ft., and averaged roughly $306 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, particularly in the entry level and move-up price … (0 comments)
luxury homes: Pacific Union International Tiburon & Belvedere CA Real Estate Market Report (May 2010 Home Sales Update
- 05/16/10 03:33 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)
luxury homes: Pacific Union Tiburon & Belvedere Real Estate (April 2010 Home Sales)
- 04/25/10 03:48 PM
Sales and escrows in the 94920 zip code, which covers Tiburon and Belvedere, CA., remain anemic. In March 2010, we saw just 7 trades. However, the average price per square foot jumped dramatically to $866 (up from just $611 in January). We are seeing increased all cash activity as last month saw at least two sales over $3 million were funded in cash. Moreover, escrow activity is up with 40% of homes listed between $2 mil. and $3 mil. under contract - overall, the number of escrows is up 150% over last year.
Below are the percentages of homes in … (0 comments)
luxury homes: 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)
luxury homes: Tiburon & Belvedere CA Real Estate Market Report (March 2010 Home Sales Update)
- 03/19/10 10:09 AM
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)
luxury homes: Marin Luxury Properties Report / Marin County, California, Luxury Homes Report (June 2009–Sales and Inventory Analysis)
- 07/01/09 03:20 AM
As noted in prior reports this year, Marin County, CA's luxury segment is slow and currently weighted towards homes priced under $4 million. In fact, not a single home priced over $4 million sold in May 2009 and just 2 are currently in escrow (although that could change in a moment as the domino effect is very real in home sales). Of course, the luxury home slump exists throughout the country as affluent buyers wait for a signal to buy. For a detailed snapshot of current national trends from the Institute for Luxury Home Marketing dated June 14, 2009, click here. … (0 comments)
luxury homes: Tiburon & Belvedere Real Estate Market Report (February 2009 Home Sales Update)
- 02/14/09 08:59 AM
The past few weeks have been glorious on the Tiburon Peninsula and Marin County. My 4 year old daughter Scarlett and I went for a walk with our dog along the rail trail (a former railroad line that is now a bike path skirting the bay) from Blackie’s Pasture last Wednesday and it must have been 75 degrees. The sun was warm and the water azure. Even Carmen (our black lab, if you are curious) seemed content to stroll in a leisurely fashion, enjoying the afternoon. Afterwards we went over to the ice cream shop downtown, took our cones to the … (0 comments)
luxury homes: Rush Creek, Novato (Marin County, California)
- 10/03/08 10:49 AM
Novato's Rush Creek neighborhood is undeniably one of Marin County, California's, nicest and coveted neighborhoods. There is a lot to like. These luxury homes are newer, built in the past 10 years, and sit on giant parcels (generally, at least 1/2 acre). Many of these homes have pools and elaborate landscaping. The streets are wide and there is no through traffic. Rush Creek offers privacy and prestige. Rush Creek's proximity to HWY 101 and a recently renovated downtown Novato with lots of great shopping, a farmers market, Trader Joe's, Whole Foods (set to open in the next few months), and various restaurants, … (0 comments)
luxury homes: Marin County Luxury Home Sales (Market Report)
- 05/26/07 05:14 AM
The number of Marin luxury homes for sale continues to rise. In the $2 million to $4 million range, the number of active listings is up by 9 for a total of 107 homes. That may seem like a lot. But, 38 homes in that price range sold in Marin last month (up from 23 the month before). Mill Valley and Tiburon account for the largest number of homes sold last month in the $2 million - $4 million market segment - 10 homes each (the average days on market was about 52 and the average sales price about $2.8 million). Tiburon and Mill Valley also have the most homes currently … (0 comments)
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.
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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