prices: 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)
prices: Novato Real Estate Market Update (February 2011 Novato Home Sales Report)
- 02/11/11 06:21 AM
January 2011 was another good month for Novato home sales (we had 22 trades). Typically, January sales are quite low as people focus on the Holidays during December. The average sales price of Novato homes in January 2011 was $525K. These homes averaged 100 days on market, were about 2,051 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) sits at just under 5 months' worth of available inventory overall (104 single family homes are currently for sale in Novato). This is a low number. … (0 comments)
prices: South Gate at Hamilton Field, Novato (Real Estate Market / Homes For Sale Update -- July 30, 2010)
- 08/03/10 04:03 AM
South Gate at Hamilton Field in Novato, CA is a special place. Rarely do homes come on the market and for the most part, they tend to sell fairly quickly. Below is a chrat showing all sales and active listings in South Gate at Hamilton Field so far this year, broken down by street. South Gate Home Sales & Activity -- 2010 (July 30, 2010) Presidio Drive
For more information on the local Hamilton Field market, call Kyle Frazier, CRS | Pacific Union International Real Estate | (415) 350-9440 | Kyle@Novato101.com. Kyle is a broker, J.D., and Certified Residential Specialist. We are … (0 comments)
prices: 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)
prices: Novato Real Estate Market Update (June 2010 Home Sales)
- 06/16/10 06:28 AM
The unabated Novato, California real estate market remains firm in all price points. In May 2010, we had 38 sales (over 60% higher than April). The average sales price of Novato homes in May 2010 again rose by about 3% to to $677,105. These homes averaged 98 days on market, were about 2,277 sq. ft., and averaged roughly $308 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. This is good … (0 comments)
prices: 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)
prices: 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)
prices: 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)
prices: 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)
prices: 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)
prices: 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)
prices: Belvedere & Tiburon CA Real Estate Market Report (July 2009 Home Sales Update)
- 07/28/09 03:49 AM
Consistent with last month, the Tiburon and Belvedere real estate markets remain in a state of semi-slumber pending further clarity regarding the equities and housing markets. There are currently 110 active listings in the 94920 zip code, which covers Belvedere and Tiburon. Twenty-three of these properties are priced over $5 million with just one such home going into escrow in the past 3 months). Meanwhile, there is some limited activity in the lower price bands, including 2 sales in the $2 million to $3 million range. In June 2009, we had 10 sales compared with 7 sales in May 2009 (same … (0 comments)
prices: Novato Real Estate Market Update (July 2009 Home Sales Report)
- 07/18/09 03:37 AM
The Novato single family home market seems to be forming a bottom. Prices appear to be leveling out and the percentages of entry level homes in escrow are very high. I know that many foreclosure sales and short sales are getting multiple offers. I have several clients who have faced as many 9 to 20 offers in competition for a single family home. This activity bodes well for sales in the higher price bands. Moreover, in June 2009, Novato had 38 sales (up from 32 in June 2008). Indeed, this reflects an upward trend over the past few months—May 2009 had … (0 comments)
prices: Mill Valley CA. Real Estate Market Report (June 2009 Home Sales Update)
- 06/21/09 05:08 AM
Readers of my monthly reports on Mill Valley, CA. are well aware of my love for Mill Valley. And what's not to like? For starters: (1) A quick and easy commute to San Francisco, (2) often spectacular views of the Bay, the Golden Gate Bridge (a short 5-10 minutes down HWY 101), and Mt. Tam, (3) excellent schools, (4) pleasant weather, (4) a mellow, laid back ambiance, (5) a town square unlike any other in Marin (you have to go to the town of Sonoma for anything like it), (6) diverse social events (think Mill Valley Film Festival & The Dipsea … (0 comments)
As you can see, over the past 9-months median prices have dropped over $80K in Novato. Although inventory is down pursuant to the seasonal cycle, the number of homes for sale will rise quickly after the Super Bowl and through June. If you have any questions about the Novato, California real estate market or any homes for sale, please call. It is always my pleasure to be of service. -Kyle Kyle Frazier, CRS Broker Associate Frank Howard Allen Realtors Kyle@Novato101.com (415) 350-9440 … (0 comments)
prices: Rush Creek, Novato (Marin County, California)
- 10/03/08 10:49 AM
Novato's Rush Creek neighborhood is undeniably one of Marin County, California's, nicest and coveted neighborhoods. There is a lot to like. These luxury homes are newer, built in the past 10 years, and sit on giant parcels (generally, at least 1/2 acre). Many of these homes have pools and elaborate landscaping. The streets are wide and there is no through traffic. Rush Creek offers privacy and prestige. Rush Creek's proximity to HWY 101 and a recently renovated downtown Novato with lots of great shopping, a farmers market, Trader Joe's, Whole Foods (set to open in the next few months), and various restaurants, … (0 comments)
prices: Novato Real Estate - A Buyer's Market - Marin County, California
- 10/11/07 03:17 PM
This article concerns itself with the relative price and value of one of Marin's most affordable towns-Novato. In other parts of California (and certainly across the country), real estate prices are down by 30% and foreclosures sky-rocketing. Yet, such phenomenon are very limited in Marin. In fact, much of Marin is experiencing a remarkably resilient home sales market trending upwards (even if just incrementally) in price. Yet, in Novato (Northern Marin) many home buyers (especially those in the entry level and move-up markets) are firmly entrenched in "wait and see" mode. They are waiting to see what happens with prices. They are waiting to see what happens with interest rates. They are waiting to see … (1 comments)
prices: Marin County, California Real Estate Market Update -- Home Prices and Inventory
- 07/09/07 03:26 AM
The number of homes for sale (inventory) in Marin County, California continues marching upwards. There are 701 active listings (up from 647 active listings this time last month). We are likely at or near the high water mark (in terms of the sheer number of homes for sale). While the number of homes for sale has gone up, it is still fairly low historically. The graph below breaks down the current number of homes for sale in Marin County, California, as of July 1, 2007, along with the price ranges for each town/city. Also included is a note indicating whether inventory is up or down … (0 comments)
prices: Bay Area Market v. Marin Market
- 03/23/07 03:49 PM
Recent data suggests the market in the Bay Area is back on track. In February, Marin home sales were up almost 25% over last year. Prices were also up by 3%. These were both the strongest numbers for any of the Bay Area's 9 counties. Again, Marin County outpaced the pack (click here for more Marin County information). Meanwhile, other counties faltered. Contra Costa County sales were down almost 19% from last year and prices were down over 5%. Other counties fared a little better than Contra Costa--including San Mateo, Solano, Sonoma, and Napa. Some counties had mixed results where sales volume … (1 comments)
prices: Mojo or Nojo
- 07/29/06 05:39 AM
Any analysis of the real estate market necessarily imparts the author's weltanshuaang. Me, I am a glass full kind of guy. I do not mope. And I do not let other people drag me down. Negativity, like the flu, is contagious. Which brings me to my topic: How's Marin real estate doing? This is a question that I get asked ten times a day. And my answer is always the same: "think Mojo." Or words to that effect. The thing is, even though prices have stabilized and there are more homes on the market, if you want or need to sell your home, … (1 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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