report: Mill Valley CA. Real Estate Market Report (May 2009 Home Sales Update)
- 05/21/09 03:51 PM
The median price per square foot has dipped to about $575 per sq. ft. (which is down from well over $800 in mid-2007). While some buyers believe prices may slip a bit more, as noted above, most appreciate the fact that interest rates are very appealing. Indeed, mortgage math punishes those who don't lock in at or near the lowest rate possible. For example, if prices dip another 5% and interest rates go up just 1%, the monthly payment would increase rather significantly for an $800K home with 20% down (call me for exact numbers relating to a given situation). Down … (0 comments)
report: Novato CA Real Estate Market Update (May 2009 Home Sales Report)
- 05/15/09 03:17 AM
While the pipeline of new properties and overall inventory levels increases dramatically throughout most of Marin County, CA (this is the prime selling season, after all), Novato's inventory level has remained very steady over the past 3 months. Just 151 single family homes are currently for sale. There were 152 homes for sale in April 2009 and 142 in March 2009. Novato's absorption rate (e.g., the number of months of inventory currently available in Novato) again dipped dramatically. In March, Novato had 7.9 months of inventory, in April there was 6 months inventory, and today there just 4.97 months of inventory. … (0 comments)
report: San Rafael CA Real Estate Market Report (May 2009 Home Sales Update)
- 05/15/09 03:15 AM
As noted last month, San Rafael CA's real estate market is increasingly fueled by foreclosures and short sales. The low end (under $600K) is just on fire with "fire sale" prices. We are currently experiencing an amazing 69% pending ratio for homes priced at or below $600K (up from 31% in February). San Rafael's bread and butter homes, priced between $600K and $800K continue selling at a moderate pace with 29% of homes in escrow. Increasing affordability, low interest rates on conforming loans, an increased presence of FHA loans, and a shifting mindset are all resulting in a strengthening market. Additionally, … (0 comments)
report: 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)
report: Tiburon & Belvedere Real Estate Market Report (April 2009 Home Sales Update)
- 04/19/09 03:49 PM
There is nothing like Springtime on the Tiburon Peninsula, Corinthian Island, and Belvedere Island. Not only is the setting the most stunning in the World, but the wave of homes that hit the market this time of year is always awesome in its suddenness and impressiveness. Following a lackluster January & February 2009, March delivered 6 sales, including five sales in the $3 million to $10 million price range. Certainly, some extremely alluring inventory has found its way to market over the past few weeks, as we now have 19 homes on the market over $5 million, with more to … (0 comments)
report: Mill Valley CA Real Estate Market Report (April 2009 Home Sales Update)
- 04/17/09 10:53 AM
Readers of my monthly reports on Mill Valley, CA. are well aware of my love for Mill Valley. They are also among the most informed consumers of Marin real estate (why else would they be reading my blog?). As such, despite my bias favoring Mill Valley, these consumers KNOW that Mill Valley presents serious value — right here, right now. This is true for every price band. Here are some numbers to contemplate: (1) just eleven homes sold in Mill Valley last month — a slow market; (2) of the eleven homes that sold, four were priced under $800K; (3) the bread-and-butter … (0 comments)
report: San Rafael CA Real Estate Market Report (April 2009 Home Sales Update)
- 04/17/09 10:51 AM
San Rafael CA’s real estate market is increasingly fueled by foreclosures and short sales. We are currently experiencing 44% pending ratio for homes priced at or below $600K (up from 31% last month). Although San Rafael’s low end is not as strong as Novato’s, it is certainly gathering momentum. Importantly, San Rafael’s bread and butter homes, priced between $600K and $800K continue selling — 32% of these homes are in escrow (up 1% from February 2009). Increasing affordability, low interest rates on conforming loans, and a general shift in mindset are helping many buyers in the lower price ranges attain home … (0 comments)
report: Novato CA Real Estate Market Update (April 2009 Home Sales Report)
- 04/17/09 10:49 AM
While the pipeline of new properties and overall inventory levels increases dramatically throughout most of Marin County, CA. (this is the prime selling season, after all), Novato’s inventory level remains at a seasonally adjusted low with just 152 single family homes for sale. There were 142 homes for sale in March 2009. Perhaps we are on the back side of the distressed property curve. Meanwhile, the absorption rate (e.g., the number of months of inventory currently available in Novato) dipped dramatically from 7.9 months in March to 6 months today (note: earlier this year, we were down to 4.5 months due … (0 comments)
report: Novato CA Real Estate Market Update (April 2009 Home Sales Report)
- 04/15/09 04:12 PM
While the pipeline of new properties and overall inventory levels increases dramatically throughout most of Marin County, CA. (this is the prime selling season, after all), Novato’s inventory level remains at a seasonally adjusted low with just 152 single family homes for sale. There were 142 homes for sale in March 2009. Perhaps we are on the back side of the distressed property curve. Meanwhile, the absorption rate (e.g., the number of months of inventory currently available in Novato) dipped dramatically from 7.9 months in March to 6 months today (note: earlier this year, we were down to 4.5 months due … (0 comments)
report: San Rafael CA Real Estate Market Report (April 2009 Home Sales Update)
- 04/15/09 04:10 PM
San Rafael CA’s real estate market is increasingly fueled by foreclosures and short sales. We are currently experiencing 44% pending ratio for homes priced at or below $600K (up from 31% last month). Although San Rafael’s low end is not as strong as Novato’s, it is certainly gathering momentum. Importantly, San Rafael’s bread and butter homes, priced between $600K and $800K continue selling — 32% of these homes are in escrow (up 1% from February 2009). Increasing affordability, low interest rates on conforming loans, and a general shift in mindset are helping many buyers in the lower price ranges attain home … (0 comments)
report: 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)
report: Tiburon CA & Belvedere CA Real Estate Market Report (March 2009 Home Sales Update)
- 03/11/09 07:11 AM
After a lengthy period of overcast skies and a good deal of rain, the sun has returned to our happy peninsula, just in time for daylight savings. Never-mind that just like January 2009, February 2009 gave rise to just 2 home sales in Belvedere and Tiburon combined; sunshine, recently improving numbers in the stock market (considered by some a leading indicator), and pent-up buyer demand just might be the right recipe for increased sales as Spring sets in. Certainly, some nice inventory has found its way to market over the past few weeks, including 9 homes over the past week (among … (0 comments)
report: Mill Valley Real Estate Update & Market Report, June 2008
- 07/09/08 04:09 PM
Mill Valley can stand up toe-to-toe with any micro-market one can point to. As noted in my reports over the years, Mill Valley is simply one of the most desirable and highly sought-after communities in Marin-and for good reason (click HERE for last month's report and 8 solid reasons we love Mill Valley). Click HERE for the rest of the article. … (0 comments)
report: Marin County Real Estate Update (October 2007 Homes For Sale & Price Ranges)
- 10/11/07 03:14 PM
As we enter the Fall selling season, the number of homes for sale (inventory) in Marin County, California continues to march onwards and upwards. There are 788 active listings (up by 49 over last month). This month we begin to see more and more homes come off the market as sellers bunker down and reassess their situations over the holidays. Meanwhile, savvy buyers will continue picking-off the properties that remain on the market. While the air has chilled with the onset of Fall, buyers have warmed to the market and sales have increased-lots of these buyers are coming in with large down payments and short contingencies to bolster their negotiating leverage with sellers … (0 comments)
report: Mill Valley Real Estate Update (September 2007)
- 09/10/07 06:52 AM
School is back in session and Mill Valley home sales and prices are strong. The inventory of single family homes is down to 69 units from last month's 85. A mere 14 are currently on the market under $1 million! As always, the commute to San Francisco from Mill Valley via the Golden Gate Bridge (a short 5-10 minutes), along with the excellent Mill Valley schools, pleasant weather and laid back ambiance is very attractive to just about everyone. Accordingly, prices and sales are ever-strong. Indeed, Mill Valley is THE place people thinking of moving out of San Francisco generally start with when they decide to buy a home in Marin County. Mill Valley homes priced … (0 comments)
report: Marin County, California -- Luxury Home Sales (Market Report)
- 07/22/07 05:43 AM
The number of Marin luxury homes for sale continues to rise. Following the strong early Spring selling season, luxury estates, view and waterfront homes, new construction, and homes with prime locations continue to sell at a very respectable rate. Overall, about 20% of Marin County, California's luxury homes (those priced above $2 million) are in escrow-there are 166 active listings and 32 in escrow. Proximity to San Francisco continues to be the driving force behind appreciation and sales as reflected by the fact that most of these homes are located in Southern Marin (the majority are in Mill Valley, Sausalito, Tiburon, and Belvedere, and a … (1 comments)
report: Marin Luxury Home Market (Sales Report)
- 04/20/07 06:40 AM
The past month has seen a significant rise in the numbers of homes entering the market, especially in the $2 million to $4 million range (the number of active listings is up by 26 for a total of 96 homes). That may seem like a lot. But, 23 homes in that price range sold in Marin last month. Mill Valley boasts the largest number of homes sold last month in this market segment - 6 homes sold (the average days on market was 45, the average sales price was $2.76 million,and the average price per square foot was $797). Tiburon was next - 4 sales (the … (0 comments)
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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 median price per square foot has dipped to about $575 per sq. ft. (which is down from well over $800 in mid-2007). While some buyers believe prices may slip a bit more, as noted above, most appreciate the fact that interest rates are very appealing. Indeed, mortgage math punishes those who don't lock in at or near the lowest rate possible. For example, if prices dip another 5% and interest rates go up just 1%, the monthly payment would increase rather significantly for an $800K home with 20% down (call me for exact numbers relating to a given situation). 
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