county: Marin County, CA. Real Estate Update — October 2010 - 11/03/10 03:59 AM
Overall in Marin County, the bottom for pricing seems to have formed. The average price of a Marin County single family home has once again surpassed $1 million. In addition, for the seventh consecutive quarter (since Q1 ‘09) both the average and median price of a single family home has experienced modest appreciation.
Possibly the most interesting phenomenon is this modest price appreciation (2% per annum) occurring in a market of significantly lower units closed.  The number of homes sold in third quarter ‘10 under $1 million fell -16% from the same period a year ago. The number of homes sold … (0 comments)

county: Pacific Union Novato Real Estate Market Update (October 2010) - 10/27/10 06:17 AM
As we settle into Autumn, Novato's real estate market remains the model of consistency. While buyers continue to question pricing in Southern Marin and cite uncertainty as their primary concern, many are shifting their focus and stepping forward into the Novato market, confident that prices have leveled. For example, in the primary move up market (consisting of homes priced between $800,000 and $1 million, with at least 2,500 square feet and 4 beds and 3 baths) prices are UP 3% over last year. Moreover, Novato's price per square foot has hovered within 3% of $310 for several months now. Also, prices … (0 comments)

county: San Rafael CA Real Estate Market Report (October 2010 Home Sales Update) - 10/27/10 06:13 AM
San Rafael, California real estate sales in September 2010:  28 trades (up 3 from August). The entry level price band (under $600K) remains relatively 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 21 of homes in escrow. The inventory for single family homes for sale has decreased a bit this month as inventory is absorbed and very few homes come to market this time of year. There are currently 192 homes active on the MLS.
Of the 28 homes sold … (0 comments)

county: 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)

county: The Landing at Hamilton | New Homes Community | Southern Novato, California - 08/31/10 03:07 PM
The Landing at Hamilton | New Homes Community | Southern Novato, California -- we are excited to announce that our model homes are open.
Sales Office Hours:
Friday 12:00 a.m. to 3:00 p.m. Saturday & Sunday 1:00 p.m. to 4:00 p.m. * Call (415) 350-9440 for Holiday hours or private appointment Below are numerous pictures and a virtual tour of the models.
The view up Audubon Court, Novato. These are the three model homes.



Hamilton Field, Novato's final residential development, is a secluded enclave of luxurious homes reflecting timeless style and contemporary conveniences. These thoughtfully designed homes focus … (1 comments)

county: Pacific Union Marin (April 2010 Market Report) - 04/25/10 03:53 PM
To sum up the following report, I point to the chart below - We all know how supply and demand works.

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)

county: 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)

county: Marin County, California, Luxury Homes Report (December 2009–Sales and Inventory Analysis) - 12/23/09 08:01 AM
The luxury home market in Marin County, California, which is vastly improved over a year ago, seems to have hit a comfortable level of activity. As reported in previous months, real buyers continue to homes in prestige locations with emphasis on views and lifestyle amenities (such as large usable yards, proximity to athletic clubs/shopping, reputable schools, and sensible scales). And they are seeking "value." For the last 2 quarters, the Marin County luxury market has strongly favored homes priced under $3 million.
For a detailed snapshot of current national trends from the Institute for Luxury Home Marketing, click HERE. And if you would like a … (0 comments)

county: 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)

county: 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.

(0 comments)

county: Marin County, California, Luxury Homes Report (August 2009–Sales and Inventory Analysis) - 08/21/09 06:48 AM
Marin County, CA’s luxury real estate market segment continues to take shape in the aftermath of the equities meltdown of Fall 2008. In our New Economy, buyers are placing emphasis on prestige locations, sweeping views, grand appointments, compelling “estate history,” and impressive scale. The luxury market in Marin remains weighted towards homes priced under $4 million, although we did have 3 sales of homes priced over $4 million in July 2009. The number of sales in July 2009 is off by 74% from July 2008. The news is not all negative, however, as we had several significant properties trade last month … (1 comments)

county: Luxury Homes Report (July 2009–Sales and Inventory Analysis) - 07/30/09 03:16 AM
Marin County, CA’s luxury real estate market segment is slow and remains weighted towards homes priced under $4 million — just one home priced over $4 million sold in June 2009 and it was an off-the-market sale. The number of sales in June 2009 is off by over 40% from June 2008, yet the average price of sold homes is down just 3% from last year. In Marin, only the homes with special locations, views, or features seem to be getting significant attention. For a detailed snapshot of current national trends from the Institute for Luxury Home Marketing dated July 19, … (0 comments)

county: Marin County, CA. Real Estate Update — July 2009 (Homes For Sale & Price Ranges) - 07/30/09 03:10 AM
The Marin County, CA real estate market is a mixed bag. Recent escrow activity levels have been refreshing, if not invigorating. New escrows generated in April – June 2009 represent the three best months since June ’07. This progress seems to be continuing. In fact, we could experience the busiest summer in MarinCounty real estate in recent years.
This increase in activity (not price appreciation) follows the slowest six month stretch we have seen in sixteen years. Closings of Marin County single family homes in the 4th quarter of 2008 (457) was the lowest since 1994. Closings in 1st quarter 2009 (222) and 2nd quarter ’09 (421) both set … (0 comments)

county: 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)

county: Novato CA Real Estate Market Update (June 2009 Home Sales Report) - 06/21/09 05:04 AM
This month, Novato's absorption rate fell to an unbelievable 3.04 months. That is low. Absorption rates, along with days on market averages, provide a telling insight into the overall state of the market. As I have noted before, value properties can be found in virtually ALL price ranges in Novato. Pricing in most neighborhoods is back to what it was in 2002-2003. Note that available inventory in the entry level price ranges is way down and the percentages of homes in escrow is rising fast. For example, 72% of homes in Novato priced under $500K are in escrow (up from 63% in May 2009); … (0 comments)

county: Marin County, CA. Real Estate Update — May 2009 (Homes For Sale & Price Ranges) - 05/21/09 03:58 PM
The leading indicator of future sales is the number of homes in escrow at a given time. We have experienced over 60 new escrows in five of the past seven weeks and over 70 for the past three weeks. May 2009 new escrows will likely surpass the levels of April and May 2008. As you can see from the below chart (which goes back 6 months), the number of escrow is up 105% and sales are up 30%. 
The upsurge in sales and escrows is seasonal, but also due to low 5% interest rates on conforming loans right now. We are also … (0 comments)

county: Marin County, California, Luxury Homes Report (April 2009–Sales and Inventory Analysis) - 04/19/09 03:57 PM
Despite my self-imposed limited media diet, I do read headlines. And the headlines are becoming more optimistic. This is a prerequisite for increased buyer confidence. I remain convinced that with minimal social proof, buyers will return to the market and pent-up demand will create a surge in sales figures. Increased conforming loan limits and a pronounced level of increased affordability across the board is a recipe for sales. Buyers with 25% down (and who otherwise qualify) will be able to obtain top-shelf financing for purchases of a little over $1.6 million. While that is not “Luxury” territory here in Marin, many … (0 comments)

county: Marin County, CA. Real Estate Update — April 2009 (Homes For Sale & Price Ranges) - 04/19/09 03:53 PM

March 2009 new escrows up 17% from March 2008 (and 58% from February 2009) – In Marin County our most reliable indicator of changing market conditions is new escrow activity. New escrow activity bottomed out in December 2008 and began a modest ascent through January and February 2009. I believe the sharp increase in new escrows in March 2009 is a combination of demand returning to our market and the cyclical nature of the business. It stands to reason that thought is that April and May closings will rise accordingly.
Another interesting trend is the surge of activity in central and southern … (0 comments)

county: Buying one of Marin Couny CA's Foreclosures = $8,000 Gift from the U.S. Government (First Time Homebuyers Credit) - 04/07/09 04:01 AM
While real estate has not proven to be a sterling short term investment for those who bought over the past few years, that tide is turning. Affordability is up. Interest rates are at ALL TIME LOWS! 
And the government is providing an $8,000 tax credit (e.g., gift) that does not need to be re-paid. You can even apply that credit to your 2008 tax return! 
Call Kyle for more information on Marin County CA foreclosures (415) 350-9440.
-Kyle
p.s. Because location is important, call Kyle for an honest and squared-off assessment of the desirability of the neighborhood you are considering. Just … (0 comments)

county: Marin County, CA. Real Estate Update — March 2009 (Homes For Sale & Price Ranges) - 03/19/09 03:29 PM
Although February was a short and rainy month, Marin County, CA., still experienced a good number of sales. So far in March 2009. we are seeing increasing inventory similar to "normal" years (I hesitate to call 2009 a "normal" year in light of the current economic situation). Recent gains in the stock market are a welcome change. Interest rates are down to about 5% on conforming loans right now, which is great (that is more than 1 full point lower than this time last year). So, it seems the pump is primed. We'll see if the real estate market responds. 
Obviously, … (0 comments)

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

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

Email Me

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.


Listings

Links

Archives

RSS 2.0 Feed for this blog