crs: Marin County, CA. Real Estate Update — September 2009 (Homes For Sale & Price Ranges)
- 09/21/09 07:11 AM
Marin County, California real estate held steady, for the most part, through Summer 2009. 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 promptly. In Northern Marin (a.k.a Novato), 81% of homes priced under $500,000 are in escrow (that’s 39 out of 48 homes!). In San Rafael, 64% of homes priced at or below $600,000 are in escrow. These astonishing sales numbers … (0 comments)
crs: Marin County, California, Luxury Homes Report (September 2009)
- 09/21/09 07:05 AM
Earlier this month marked the one-year anniversary of the beginning of the equities market meltdown, which profoundly impacted Marin County, California’s luxury real estate market. In our New Economy, real buyers have become less numerous and have placed increased emphasis on prestige locations, views, lifestyle amenities (usable yards, proximity to clubs/shopping, etc.), schools, and sensible scale. As reported all year, the luxury segment remains weighted towards homes priced under $4 million — while we had 3 sales of homes priced over $4 million in July 2009, yet August 2009 saw just 1 sale in this affluent price band. Among the sales … (0 comments)
crs: Tiburon & Belvedere CA Real Estate Market Report (September 2009 Home Sales Update)
- 09/19/09 03:39 AM
Tiburon and Belvedere, California real estate is some of the most valuable in the Bay Area — Belvedere had a closing at $5.1 million in August 2009. Perhaps because of this, sales and activity remain choppy, despite the favorable market environment for buyers. In fact, even the "anti-real estate" Wall Street Journal recently noted that the real estate market "has rarely looked better" click HERE for article. There are currently 113 active listings in the 94920 zip code, which covers Tiburon and Belvedere (up by about 10 properties from last month). Twenty of these properties are priced over $5 million. While last month’s … (0 comments)
crs: Mill Valley CA. Real Estate Report (September 2009 Home Sales)
- 09/18/09 03:40 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)
crs: Mill Valley CA. Real Estate Report (September 2009 Home Sales)
- 09/18/09 03:38 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 on … (0 comments)
crs: San Rafael CA Real Estate Market Report (August 2009 Home Sales Update)
- 09/18/09 03:52 AM
San Rafael, CA’s real estate market is increasingly fueled by foreclosures and short sales. The entry level price band (under $600K) remains extremely hot (84% of such homes are currently in escrow) and the $600K to $800K price band has seen steady activity with 35% of homes in escrow (same as last month). Increased affordability, low interest rates (rates are down from the time of last month’s report), an increased presence of FHA loans, and a shifting mindset by both buyers and sellers, are impacting these price points in a positive manner. Additionally, the $8K tax credit for first time home … (0 comments)
crs: 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)
crs: Marin County, CA. Real Estate Update — August 2009 (Homes For Sale & Price Ranges)
- 08/21/09 06:38 AM
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)
crs: San Rafael CA Real Estate (August 2009 Home Sales Update)
- 08/17/09 09:16 AM
The big news in San Rafael real estate this past month revolved around the sale of Carlos Santana’s 1.7 acre, 7,000 square foot estate, which sold for $4.185 million after a short two weeks on the market. Congratulations Carlos! Meanwhile, San Rafael listing prices experienced a brief rise earlier this Summer, but have again begun a downward shift over the past few weeks. By comparison, asking prices in Novato have been rising for several months, leading many to beleive that the bottom has formed in Novato. It does not appear this phenomenon is being replicated in San Rafael.
[Click HERE for the … (0 comments)
crs: 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)
crs: 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)
Boyle Park is great neighborhood and the park itself is one of my family's favorites, with a large playground, tennis courts, picnic areas, softball/baseball field, creek, and more. The neighborhood is within easy walking distance to town square and Park Elementary School. Boyle Park is bordered by E. Blithedale and and Country Club. It is sunny and an easy commute location. There are a number of homes bordering the park itself. Prices range generally, from $1 million to $2.5 million, with occassional exceptions on either side. The combination of Mill Valley's … (0 comments)
Mill Valley's Sycamore Park is widely viewed as one of the best neighborhoods in Mill Valley because of its easy walk to town square, easy commute location, picturesque shady tree-line streets, and overall friendly atmosphere.
Sycamore Park was a community built during WWII. Many owners remain from those early days and have witnessed the many transformations the city and neighborhood have undergone.
In the 1950's, the park at Sycamore Park became Mill Valley's first Little League field, lovingly kept by parents and interested citizens. There are several … (0 comments)
Novato’s Bel Marin Keys provides a carefree and luxurious waterfont lifestyle in Southern Novato, just 30 minutes from San Francisco. Few places are as magical as Bel Marin Keys. This unique community of approximately 700 homes consists of a series of channels and lagoons flanked by homes and surrounded by open spaces. Not only can you enjoy the lagoon, but if that proves too confining, you also have nautical access to the San Francisco Bay (Giants game anyone?). Homes in Bel Marin Keys range in size from about 1,750 sq. ft. to about 2,250 … (0 comments)
crs: Hamilton Field, Novato CA Real Estate and Homes
- 07/23/09 04:07 PM
Hamilton Field, Novato CA Real Estate and Homes Hamilton Field in Novato (Marin County), California, is a model community filled with a vitality and energy all its own. Since its inception as a planned community about ten years ago, Hamilton Field has seen vast improvements and is now a magnet community for folks of all different ages and backgrounds.
Hamilton Field is a jewel. The former military base, which was used by the Army and Air Force from the 1930’s to the 1970’s, is now a delightful community of over 1,000 homes. It is, to my mind, one of … (0 comments)
crs: San Rafael CA Real Estate Market Report (July 2009 Home Sales Update)
- 07/18/09 09:14 AM
As Summer sets in, San Rafael CA’s real estate market has slowed a bit. It is increasingly fueled by foreclosures and short sales. The low end (under $600K) remains hot (67% of homes in escrow, compared with 64% in June 2009) and the $600K to $800K price band has seen steady activity with 35% of homes in escrow. Increased affordability, low interest rates (rates are down from the time of last month’s report), an increased presence of FHA loans, and a shifting mindset by both buyers and sellers, are all resulting in a strengthening market. Additionally, the $8K tax credit for … (0 comments)
crs: Mill Valley CA. Real Estate Market Report (July 2009 Home Sales Update)
- 07/18/09 09:10 AM
The Mill Valley real estate market remains predictably unpredictable — after logging 17 sales in May 2009, we had a robust 29 sales in June 2009. Typically, sales slow down as Summer begins and families focus more on vacations and outside activities. That slowdown will be reflected in July sales numbers. Nonetheless, there is serious value in Mill Valley right here, right now. This is true for every price band. Note to buyers: write offers! A closed mouth does not get fed. If you would like my Mill Valley Hot List, call or e-mail me: (415) 350-9440 | Kyle@MillValley101.com. The above … (0 comments)
crs: 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)
crs: 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)
crs: Tiburon & Belvedere Real Estate Market Report (May 2009 Home Sales Update)
- 05/21/09 03:53 PM
As inventory collects in Southern Marin's toniest locales (Belvedere and Tiburon), we are starting to see and hear about more offers being submitted. Certainly, sellers frustrated by the lack of activity have in some cases taken what they could get. Most recognize that our new economy, post-Equity Market Meltdown, has shifted the pricing and value expectations of buyers. While I perceive a high level of pent up buyer demand, buyers seem to be willing to wait things out. Much of this behavior is based on expectations of further price declines weighed against likely increased interest rates in the near to mid-term … (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.
Marin County, California real estate held steady, for the most part, through Summer 2009. 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 promptly.
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