sold: 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)
sold: 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)
sold: 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)
sold: Marin County, CA. Real Estate Update — December 2009 (Homes For Sale & Price Ranges)
- 12/19/09 02:08 AM
The Marin County, California real estate market approaches the new year with momentum. While the beginning of 2009 was terrible for sellers and the market overall, the latter half of 2009 was quite strong across many market segments, giving brokers and home owners a reason for optimism in 2010. While year over year prices are down in many price segments and locations within Marin, some areas have actually seen prices increase (albeit nominally) year over year. Indeed, I believe that many brokers feel as though absent further crisis, we are at or near the end of the downward cycle - after 3+ years. As for bread and butter homes … (0 comments)
sold: 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)
sold: 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)
sold: 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)
sold: 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)
sold: Marin County, CA. Real Estate Update — November 2009 (Homes For Sale & Price Ranges)
- 11/10/09 09:19 AM
Marin County, California real estate enters the Winter months much the same way it entered the Summer months — with a feeling that activity will be stronger than usual for this time of year. 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. As noted in my Novato update, it is apparent that the low end in Northern Marin has settled … (0 comments)
sold: 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)
sold: 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)
sold: 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)
sold: Marin County, CA. Real Estate Update — October 2009 (Homes For Sale & Price Ranges)
- 10/19/09 05:27 AM
Over the past year, my reports have continually pointed to simple supply and demand indicators in an effort to define a “normal” Marin County real estate market. As noted a year ago, “recovery to a normal market will require stability in financial markets, a strong local employment trend, affordable interest rates and strengthening consumer confidence.” Reflecting on the past twelve months, Marin County real estate markets experienced the most difficult and unpredictable dynamics. The financial markets imploded, unemployment trends accelerated and consumer confidence was shattered. And while we benefit from historically low interest rates, credit requirements, approval guidelines, and loan … (0 comments)
sold: San Rafael, CA Real Estate (October 2009)
- 10/15/09 04:00 PM
San Rafael, California’s real estate market continues leaning heavily on foreclosures and short sales for volume. The entry level price band (under $600K) remains at a slow boil with 64% of home are now in escrow, same as last month. Meanwhile, the $600K to $800K price band (a mix of entry level and move-up homes) rose to 38% of homes in escrow from 31% in September 2009). It is no secret that our current real estate environment favors buyers, not only because of the state of the market (e.g., prices back down to 2003 levels in many cases), but also because … (0 comments)
sold: 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)
sold: 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)
sold: 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)
sold: 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)
sold: Belvedere | Tiburon, California (August 2009 Real Estate & Homes For Sale)
- 08/21/09 06:33 AM
The Tiburon and Belvedere real estate market is showing signs of gathered traction despite ongoing concerns on Wall Street regarding consumer confidence and spending. There are currently 102 active listings in the 94920 zip code, which covers Tiburon and Belvedere (down from 120 last month). Nineteen of these properties are priced over $5 million — however, three are currently in escrow and we did see a sale close for $7.5 million in July. This activity is up sharply from the flatline base experienced in the first half of 2009. Meanwhile, there is also fairly strong activity in the lowest price band … (0 comments)
sold: Mill Valley CA. Real Estate (August 2009 Home Sales Update)
- 08/17/09 09:23 AM
The Mill Valley, CA. real estate market remains predictably unpredictable — after just 17 sales in May 2009, we had a robust 29 sales in June 2009, followed by 22 sales in July 2009. As I noted in last month’s report, the decline in sales numbers this month was expected as families focus more on vacations and outside activities. And September will bring even fewer home sales, along with a moderate rise in inventory and increased buyer activity. Over the past quarter in much of Marin County, it has become apparent that asking prices have halted their downward spiral. As is … (0 comments)
Christie's Great Estates | Pacific Union International
Office: (415) 448-1118
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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.
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)
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