morgan lane: Tiburon & Belvedere CA Real Estate Market Report (December 2009 Home Sales Update)
- 12/17/09 06:33 AM
Every month over the past five months, Tiburon and Belvedere have seen sales in $5 million and up price band. While sales and activity remain choppy, anecdotally, we are seeing that interest in high-end luxury homes is on the rise. There are currently 72 listings in the 94920 zip code, which covers Tiburon and Belvedere (down 21 from last month). In the lower price bands, activity is moderate. The $2 million to $3 million price range accounted for 4 sales last month - there were 6 sales overall in November 2009. Below is a graph comparing median prices over the past year.
For homes that sold in November 2009, … (0 comments)
morgan lane: Mill Valley CA. Real Estate Market Report (December 2009 Home Sales Update)
- 12/17/09 06:32 AM
The number of home sales in the Mill Valley, California real estate market rose 20% in November 2009 - that is a total of 24 listings sold. Based on last month's total, we currently have an overall inventory of homes sufficient to last 3.1 months (significantly lower than last month) - this is called the absorption rate. This is a HUGE reduction from the absorption rate from May 2009, which stood at well over 8 months. Indeed, the number of homes for sale in Mill Valley is a very low 75, typical for this time of year. Meanwhile, asking prices have seemed … (0 comments)
morgan lane: 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)
morgan lane: 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)
morgan lane: 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)
morgan lane: 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)
morgan lane: 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)
morgan lane: Tiburon & Belvedere CA Real Estate Market Report (November 2009 Morgan LaneUpdate)
- 11/10/09 03:02 AM
Belvedere and Tiburon real estate is expensive — land values are extraordinarily high. Several homes each year sell for $5 million and up. As 2009 began to unwind, the luxury sector was flat for obvious reasons and it seemed as though the highly valued luxury homes with jetliner views and royal class appointments would never sell again — that has changed. For four months straight we have experienced sales above the $5 million mark. October was no exception with 2 sales. Nonetheless, sales and activity remain choppy. There are currently 93 listings in the 94920 zip code, which covers Tiburon and Belvedere … (0 comments)
morgan lane: Mill Valley CA. Real Estate Report (November 2009 Home Sales)
- 11/09/09 03:53 AM
We know from past experience that in down cycles, once the San Francisco housing market recovers, there is a domino effect on surrounding communities. Accordingly, in our current cycle, we believe that our best leading indicator regarding a healthy, appreciating market (particularly in Southern Marin) will be the home sales environment in San Francisco. And there can be no doubt that the San Francisco market has improved dramatically in recent months. Additionally, as the banking institutions regain their footing and again provide bonuses to their employees, we will also see a surge in luxury home sales. In fact, if bonuses are … (0 comments)
morgan lane: 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)
morgan lane: 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)
morgan lane: 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)
morgan lane: New Pool Facility Set to Open Soon at Hamilton Field
- 10/31/09 05:08 AM
An aging public pool at Hamilton Field, Novato is almost ready for a grand debut after a $5 million renovation. The pool is located across from Hamilton Field's "The Landing at Hamilton" new home development (which is set to break ground in coming months) and the existing neighborhood of South Gate. The renovation was approved unanimously by the Novato City Council in November 2007 and final plans were approved in March 2008. The leaky old pool was not compliant with the Americans with Disabilities Act and access to its bathhouse was restricted by the Marin County health department. The revamped facility at … (0 comments)
morgan lane: 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)
morgan lane: 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)
morgan lane: Tiburon & Belvedere CA Real Estate Market Report (October 2009 Home Sales Update)
- 10/17/09 04:25 PM
Belvedere and Tiburon sit on the Tiburon Peninsula and associated islands, just across a narrow portion of the San Francisco Bay and the Golden Gate Bridge. Real estate is expensive. Several homes each year sell for $5 million and up. As 2009 began to unwind, the luxury sector was flat for obvious reasons and it seemed as though the highly valued luxury homes with jetliner views and royal class appointments would never sell again — that has changed. For three months straight we have experienced sales above the $5 million mark. Nonetheless, sales and activity remain choppy. There are currently 109 … (0 comments)
morgan lane: Novato, California (Real Estate Market Update -- October 2009)
- 10/15/09 04:56 AM
“Give Yourself a Raise. Move to Novato.” Entering into the dormancy season for Marin County real estate, it appears that certain “hotspots” remain — Novato is one of them. In September 2009, 35 Novato homes sold, compared with 38 sales in August 2009. The Novato real estate market derives its strength from entry level home sales. The number of homes actively listed in Novato remains very low compared with the rest of Marin (and the percentage of homes in escrow is much higher than the rest of Marin) because of exceptional demand based on affordability and the ongoing fantastically low … (0 comments)
morgan lane: How to Lose Your Net (Impact of Overpricing in Mill Valley, California)
- 10/10/09 03:05 AM
Barring special circumstances, there is generally nothing more important to sellers than the net amount of funds they retain when their home is sold. As every real estate professional will attest, pricing correctly for the market at the outset of the listing period is far and away the most important factor in the sales process — as they say, "price conquers all buyer objections." Each year in the real estate industry, numerous books are written, classes are taught, and sermons are delivered on the topic of pricing. Managers implore their agents to advise their clients about the dangers of over-pricing and … (0 comments)
morgan lane: 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)
morgan lane: 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)
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.
Every month over the past five months, Tiburon and Belvedere have seen sales in $5 million and up price band. While sales and activity remain choppy, anecdotally, we are seeing that interest in high-end luxury homes is on the rise. There are currently 72 listings in the 94920 zip code, which covers Tiburon and Belvedere (down 21 from last month). In the lower price bands, activity is moderate. The $2 million to $3 million price range accounted for 4 sales last month - there were 6 sales overall in November 2009. Below is a graph comparing median prices over the past year. 
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