kyle frazier: What You Need to Know | Marin County Real Estate -- March 2013
- 03/27/13 05:19 AM
The velocity in the market is incredible. Even with limited supply, volume continues to approach record levels. With a few exceptions, appraisers that are close to the local markets are finding comparable sales to support purchase prices significantly over asking price.
Make sure, Buyers, that you understand it is always better setting the new comparable sales in a neighborhood vs. reacting to them a month later. This is the exact opposite phenomenon we experienced in the 2009 – 2011 market where we were giving Sellers the same advice in a depreciating market. … (0 comments)
kyle frazier: 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)
kyle frazier: Pacific Union International | Belvedere & Tiburon Real Estate | February 2011 Home Sales Report
- 02/16/11 10:27 AM
During January 2011, Tiburon and Belvedere experienced just four home sales. Below are the percentages of homes in escrow in each of the major price bands: 25% of homes priced under $2 million; 20% of homes between $2 million and $3 million; 6% of homes between $3 million and $5 million; 0% of homes over $5 million. Tiburon and Belvedere homes that sold in January 2011 exhibited the following characteristics: Number of Sales: 4 Average Days on Market: 140 Price: $2.124 million Square Feet: 2,446 Price per Square Foot: $851 If you have any questions or would like a custom market analysis … (0 comments)
kyle frazier: Mill Valley Real Estate (January 2011)
- 01/03/11 08:00 AM
December 2010 home sales in Mill Valley totaled 20. These trades sold for an average price of $1,149,219 and averaged 2,364 sq. ft. (or about $491 per sq. ft.). The end of 2010 saw a heightened sense of security from buyers of homes in the bread-and-butter Mill Valley price range of $1.5 million to $2 million. We had 6 such sales and another 5 between $1 million and $1.5 million. The number of listings actively on the market in the MLS a very low 64 - most sellers took their homes off the market as Winter set in. Inventory will increase … (0 comments)
kyle frazier: Marin County, California (Home Sales Update July 2010)
- 07/25/10 09:40 AM
We have multiple economic drivers and underlying fundamentals that impact our local real estate markets. Housing prices, interest rates, job growth and inflation/deflation are significant variables in the Bay Area housing market. While we could not predict either the economic shift that began in August 2007 or the duration of the economic volatility caused by the shift, we do have a few very positive fundamentals present today. Interest rates for conforming mortgages ($729,750) and jumbo mortgages are currently at historic lows since Freddie Mac started recording in 1971 – see rates in the mortgage rate table on page two. Housing … (0 comments)
kyle frazier: Pacific Union Real Estate Mill Valley CA. Real Estate Report (July 2010 Home Sales Update)
- 07/24/10 04:01 AM
The number of homes sold in the Mill Valley, California real estate market rose and Mill Valley’s touchstone price band ($1 million to $2 million) posted another solid month. In contrast to the previous three years, buyers now speak confidently about our market, recognizing that prices have tumbled significantly, interest rates are extraordinary, jobs numbers have improved, and media coverage concerning real estate has turned positive. Moreover, we are seeing an improved marketplace in San Francisco which is the bellweather for Mill Valley and Marin. The number of homes for sale in Mill Valley is down incrementally to 143. After the brief slow … (1 comments)
kyle frazier: Hamilton Pool Opening for Memorial Day Weekend (Hamilton Field, Novato CA)
- 05/26/10 03:14 PM
Novato’s new $4.5 million Hamilton Pool will open Saturday through Monday, Memorial Day, with the following schedule: public swim from 11 a.m. to 7 p.m.; activity pool from 10 a.m. to 7 p.m.; lap swim from 8 a.m. to 11 a.m. The new pool has what city officials say is “an exciting new water play structure with a slide and lots of water spray.” A shallow pool that gradually reaches a depth of 18 inches was built for tots and children and is equipped with “a fun spray tunnel that even a toddler can enjoy,” said a city statement. For further … (0 comments)
kyle frazier: Pacific Union International Novato Real Estate Market (May 2010 Home Sales Report)
- 05/16/10 03:38 AM
The Novato, California real estate market continues to exhibit strength across nearly all price bands (not so for homes priced above $1.5 million). April 2010 saw 24 sales (same as February 2010). The average sales price of Novato homes in April 2010 rose over 3% to to $656,699. These homes averaged 93 days on market, were about 2,291 sq. ft., and averaged roughly $294 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. … (0 comments)
The Landing at Hamilton (located at the rear of Hamilton Field, Novato) is 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 delightful neighborhood adjacent to a rich wildlife sanctuary, the Bay Trail, and within an easy 1-2 minute walk to the pool, ball fields, huge playground, and limitless cycling and walking trails. An unrivaled passion … (0 comments)
kyle frazier: Novato, California Real Estate Report (January 2010)
- 02/14/10 04:43 AM
The frenetic Novato, California real estate market slowed (at least in terms of closed sales) in January 2010. We had 25 sales, compared with 42 sales in December. The average sales price of Novato homes in January 2010 was $525,440. These homes averaged 97 days on market, were about 1,763 sq. ft., and averaged roughly $309 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 3.76 months worth of available inventory overall (94 single family homes are currently for sale in Novato). Below are the percentages of homes in escrow … (0 comments)
kyle frazier: Marin County, CA. Real Estate Update — January 2010
- 01/21/10 02:24 AM
We are approached daily by our clients with requests to predict what will happen in our local real estate markets in the near future. To shape our perspective, Morgan Lane researched Marin County single family home (SFH) sales and indexed them (on a units-sold basis) to multiple benchmarks including: interest rates (10 Year T-bill), unemployment (SF Bay Area) and an affordability index (income vs. cost of ownership). We continue to struggle to find direct correlation between Marin County real estate and these available indices. We have found a relationship worth noting between the total number of Marin County SFH (supply), … (0 comments)
kyle frazier: 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)
kyle frazier: 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)
kyle frazier: 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)
kyle frazier: Marin County Sellers -- Timing Your Home's Entry Into The Market
- 01/11/10 04:07 AM
This time of year we are often asked "should I put my home on the market now, or wait until the spring selling season?" A few observations: 1. We have not experienced a "normal" season or predictable cyclical trend in Marin County since the August '07 sub-prime meltdown. In fact in most cases since August 2007, selling sooner was better than selling later. You will recall in Q4 '08 and Q1 '09 our slogan was, "we'd rather set the comps than have them used against us!"2. On November 1, 2009 in Marin we had 947 SFH and condos on the market as active. … (0 comments)
kyle frazier: 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)
kyle frazier: 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)
kyle frazier: 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)
kyle frazier: 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)
kyle frazier: San Rafael CA Real Estate (November 2009 Home Sales Update)
- 11/09/09 02:53 AM
San Rafael, California real estate sales were brisk in October 2009. We experienced 44 trades, up from 31 in September 2009. The entry level price band (under $600K) remains at hot, with 70% of home now in escrow, up from 64% last month. Meanwhile, the $600K to $800K price band (a mix of entry level and move-up homes) remains nearly the identical to last month (36% of these homes are in escrow). 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 … (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.
The velocity in the market is incredible. Even with limited supply, volume continues to approach record levels. With a few exceptions, appraisers that are close to the local markets are finding comparable sales to support purchase prices significantly over asking price.
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