If you want more details, here you go. The sun is out and spring sports are underway - it is officially real estate season. We have reviewed cyclical and seasonal trends in MarinCounty in an effort to predict the balance of 2010. We are more optimistic today than we have been in twenty four months. It seems consumer demand for Marin and San Francisco real estate is regaining its stride. While some real estate decisions can be postponed, eventually buyers need to buy … (0 comments)
california: Tiburon & Belvedere CA Real Estate Market Report (February 2010 Home Sales Update)
- 02/18/10 03:03 PM
After a strong run of 6 months with $5 million and up sales, Tiburon and Belvedere had none in January 2010. There are currently 65 listings in the 94920 zip code, which covers Tiburon and Belvedere, CA. It was quite a slow month, with just 3 sales. While the sales totals remain similar to that of late 2007 (well before the financial crisis of September 2008), inventory is up 43%. The slow market reminds some of 2009's beginning. While January tends to be slow, we will have to wait and see how the increased inventory and lack of "real buyers" (e.g., those who actually buy … (1 comments)
california: Luxury Home Sales in California | 2009 vs. 2006
- 02/09/10 04:35 AM
One of the benefits of being a Certified Luxury Home Marketing Specialist (if you need help selling your Marin, California home, call or text me: 415-350-9440) is access to the peerless analysis provided by the Institute for Luxury Home Marketing. Below is some information pulled from an article published a few days ago on their blog describing the luxury market in California, using 2006 as a baseline. In 2006, 1 in 9 sales in California were over $1 million dollars. In 2009, that number fell to 1 in 25. About 29% of these buyers paid all cash. Meanwhile, in 2009, 4,925 … (0 comments)
california: 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)
california: San Rafael CA Real Estate Market Report (January 2010 Home Sales Update)
- 01/19/10 10:05 AM
San Rafael, California real estate sales slowed in December 2009, with 32 trades, down 33% from November. The entry level price band (under $600K) remains active, with 38% of homes now in escrow. Meanwhile, the $600K to $800K price band (a mix of entry level and move-up homes) has dipped to just 29% of homes in escrow. The inventory for single family homes for sale remains steady at 78 homes. 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 2 years will feel more confident in … (0 comments)
california: Novato Real Estate Market Update (January 2010 Home Sales Report)
- 01/19/10 10:04 AM
The Novato, California real estate market continues on its journey into recovery. We had 42 sales in December 2010. The average sales price of Novato homes in December 2010 was $634,152. These homes averaged 113 days on market, were about 2,227 sq. ft., and averaged roughly $293 sq. ft. Novato's absorption rate (e.g., number of months' inventory of homes for sale based on last month's sales totals) has dipped to historically low levels - a scant 2.38 months worth of available inventory overall (100 single family homes are currently for sale in Novato). Below are the percentages of homes in escrow in each of … (0 comments)
california: The Landing at Hamilton | Luxurious New Home Development in Hamilton Field, Novato
- 01/17/10 02:33 AM
The Landing at Hamilton | Luxurious New Home Community Located in Hamilton Field, Novato, CA Models Opening in May 2010 Introducing The Landing at Hamilton -- Hamilton Field, Novato's final residential development -- a secluded enclave of luxurious homes reflecting timeless style and contemporary conveniences. These thoughtfully designed homes focus on sophistication, beauty, and community. Residents will enjoy spacious and refined interior spaces, along with the peace of mind associated with living in such a charming neighborhood adjacent to a rich wildlife sanctuary. An unrivaled passion for excellence and detail is exhibited in each home. The Landing at Hamilton benefits from … (0 comments)
california: South Gate at Hamilton Field, Novato (Real Estate Market / Homes For Sale Update -- January 2010)
- 01/06/10 10:04 AM
As we enter 2010, the South Gate at Hamilton Field, Novato real estate market is poised for success as new homes / listings enter the market. There are currently 3 homes for sale in Newport and Sunny Cove neighborhoods. In addition, the home below, located in Hamilton Field's desirable South Gate neighborhood is available.
The above home, by way of example, has 5 beds, 3 baths, and is approximately 2,970 square feet, and is located at the back corner of South Gate along the levee. It is priced at $842,000, well below a recent comparable sale. South Gate Home Sales & … (0 comments)
california: Marin County, CA. Real Estate Update — December 2009 (Homes For Sale & Price Ranges)
- 12/19/09 02:08 AM
The Marin County, California real estate market approaches the new year with momentum. While the beginning of 2009 was terrible for sellers and the market overall, the latter half of 2009 was quite strong across many market segments, giving brokers and home owners a reason for optimism in 2010. While year over year prices are down in many price segments and locations within Marin, some areas have actually seen prices increase (albeit nominally) year over year. Indeed, I believe that many brokers feel as though absent further crisis, we are at or near the end of the downward cycle - after 3+ years. As for bread and butter homes … (0 comments)
california: Novato Real Estate Market Update (December 2009 Home Sales Report)
- 12/16/09 02:59 PM
The strong Novato, California real estate market continues on its journey into recovery. The average sales price of Novato homes in November 2009 was $620,851. These homes averaged 79 days on market, were about 2,103 sq. ft., and averaged roughly $316 per sq. ft. Novato's absorption rate (e.g., number of months' inventory of homes for sale based on last month's sales totals) has dipped to historically low levels - a scant 2.69 months worth of available inventory overall (95 single family homes are currently for sale in Novato) . A quick look at the supply and demand curve over the past 2 years is striking … (0 comments)
california: San Rafael CA Real Estate Market Report (December 2009 Home Sales Update)
- 12/16/09 02:57 PM
San Rafael, California real estate sales were brisk in November 2009, with 48 trades, up from 31 in September 2009. The entry level price band (under $600K) remains at hot, with 58% of home now in escrow. Meanwhile, the $600K to $800K price band (a mix of entry level and move-up homes) has also seen a rise in the percentage of homes in escrow - 53%. It is no secret that our current real estate environment in San Rafael favors buyers, not only because of the state of the market, but also because of superior interest rates, FHA loan availability (allowing purchase loans … (0 comments)
california: Mill Valley, California (Inventory and Pricing)
- 12/09/09 07:45 AM
Mill Valley, California (Inventory and Pricing) | Below is a graph showing median home prices dating back to 2007, along with inventory during this same time frame. If you have any questions about the Mill Valley real estate market, please do not hesitate to contact me (see bottom of this article). You can also review my market observations, published on a monthly basis -- just click on the link below. … (0 comments)
california: Hamilton Field, Novato (Nature and Culture -- A Quick Tour)
- 12/01/09 04:33 AM
Built during the Great Depression and named for World War I pilot and hero Lloyd Hamilton, the Air Force base was originally marshland and was soldto the U.S. government for $1. Hamilton Field was designed by Capt. HowardB. Nurse, who created an environment that blended in with the naturallandscape, combining elements of Renaissance, Mission, SpanishChurrigueresque and Art Modern. In 1976, the airfield was closed and the area used as an introductioncenter for refugees from Southeast Asia. Cambodians, Vietnamese andLaotians poured into the base on their way to establishing homesthroughout the United States. Marin MOCA: Start your visit at the Marin … (0 comments)
california: Marin County, California, Luxury Homes Report (November 2009–Sales and Inventory Analysis)
- 11/19/09 02:59 AM
[Click HERE for the full article, courtesy of www.ImagineMarin.com] Building on a trend noted in last month’s report, media coverage of the overall economy has improved. In particular, reporting on the housing market. Forecasters are predicting that 2010 will be the first year since 2005 for housing to contribute to the growth of the U.S. economy (based on a survey by the National Association for Business Economics). According to that organization, home prices are expected to rise 2 percent next year — over 80% of economists surveyed think the recession is over and recovery has begun. The Mortgage Bankers Association Chief Economist Jay … (0 comments)
california: Marin County, CA. Real Estate Update — November 2009 (Homes For Sale & Price Ranges)
- 11/10/09 09:19 AM
Marin County, California real estate enters the Winter months much the same way it entered the Summer months — with a feeling that activity will be stronger than usual for this time of year. While year over year prices are down across the board no matter how you slice it, many feel as though absent further crisis, we may be nearing the end of the downward cycle — after a full 3 years. Certainly, well priced, updated homes in great locations are selling. As noted in my Novato update, it is apparent that the low end in Northern Marin has settled … (0 comments)
california: Novato Real Estate (November 2009 Home Sales)
- 11/07/09 02:16 AM
Leaves are starting to hit the ground as the days grow shorter. But, Novato’s hot market shows no signs of cooling down. In October 2009, 50 Novato, California homes sold, compared with 35 sales in September 2009. Suffice it to say, the Novato real estate market is hot. Entry level home sales have shown sustained strength for the past 6 months. The number of homes actively listed in Novato remains very low compared with the rest of Marin (and the percentage of homes in escrow remains much higher than the rest of Marin). This exceptional demand is based on stunning affordability (homes are selling … (0 comments)
california: Would I Like Condo Living (Marin County, California)
- 11/05/09 03:25 AM
There are lots of reasons to love condominiums ("condos"). People at both ends of the home buying cycle often find condos are perfect for their needs. Young, first-time buyers often buy condos (I am including townhomes and lofts for the sake of simplicity) because condos are generally more affordable than single family homes at the entry level. At the other end of the spectrum, are those folks who have raised their families and are ready to embrace the concept of "easy living," leaving the hassles of home maintenance to somebody else. Indeed, the maintenance-free lifestyle also appeals to just about everybody … (0 comments)
california: Dog Parks in Marin, California
- 10/25/09 04:22 PM
DOG PARKS IN MARIN - Bayfront Park, Sycamore Avenue east of Camino Alto, Mill Valley. - Canine Commons, Doherty Drive east of Magnolia Avenue, Larkspur. - Field of Dogs, Civic Center Drive at Armory Drive and the lagoon, San Rafael. - O'Hair Park, Novato Boulevard just west of San Marin Drive, Novato. - Red Hill Community Park, between Shaw Drive and Sunny Hills Drive, San Anselmo (pending completion). - Remington Park, Ebbtide Avenue at Bridgeway in Sausalito.
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california: Marin County Trends $500K to $1 million (Q1 to Q3 2009)
- 10/21/09 04:27 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)
california: Mill Valley CA. Real Estate Market Report (October 2009 Home Sales Update)
- 10/17/09 04:36 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)
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.
To sum up the following report, I point to the chart below - We all know how supply and demand works.
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