This video clip is too funny. Produced by Francis Ford Coppola, shows Mill Valley at it's finest a number of years ago!
A blog to talk about Marin and San Francisco Real Estate. Marin and Bay Area Real Estate Statistics, Bay Area home values, Marin MLS access
This video clip is too funny. Produced by Francis Ford Coppola, shows Mill Valley at it's finest a number of years ago!
View the HTML Version of the October 2009 Marin Real Estate Report.
The Marin County, Single Family Home Real Estate Report this week looked at 1100 homes on the market. The median price was $1,264,493. These homes have been on the market for an average of 100 days. As far as the condos report this week, there were 287 condos on the market. The median price this week is $447,808. These condos have been on the market for an average of 140 days.
September 2009 Closed Sales Single Family Residences | |||
|
| Days on Market | List Price | Selling Price |
| Average | 107 | $1,108,397 | $1,067,263 |
| Median | 71 | $825,000 | $815,000 |
| September 2009 Closed Sales Condos | |||
|
| Days on Market | List Price | Selling Price |
| Average | 107 | $399,079 | $385,051 |
| Median | 94 | $385,000 | $389,500 |
If you would like to see how many current homes are listed in each town/zip code in Marin, what the median price is, square foot is, how many have just been listed and the average days on the market, please click on the following 2 reports:
Single Family Homes Report for Marin week of 10/11/09
Condo Report for Marin, week of 10/11/09
Below you will find a break down by city and price range of how many homes are in contract compared to how many homes are listed.
Analysis by Price Range: For the first time in almost two years years, the overall Marin is in a “Balanced Market” category, but this is a bit misleading. Even stronger than last month’s “Strong Sellers” the very low end of the market (homes priced under $500,000) is actually in a “Extreme Sellers” market, and like last month homes priced from $500,000 - $749,000 are in a Sellers Market which tips the overall averages. Homes priced from $750,000 - $1,490,000 have heated up a bit to a “Buyers Market”. Homes priced from $1.5M - $4M are in a “Strong Buyers” market.
Analysis by City: In the low-end market in Novato and some parts of San Rafael multiple offers have been the norm. (as can be seen by the fact that Novato is now considered to be in a “Strong Sellers” category). Keep in mind that these multiple offers and the sellers market is in the low end, where there have been numerous foreclosures and short sales. It’s very interesting to note that this month Corte Madera has really heated up to a Strong Sellers Market, as 50% of all available homes are currently under contract. ,Tiburon seems to be in the worst shape of all the cities, as only 8% of all available homes for sale are in contract, making it an “Extreme Buyers Market.” The Middle to high end of the Marin market is s still challenged, as there is a lot of inventory and it’s harder to get Jumbo loans.
If you are looking to sell your home, know that it MUST be well-priced and show in pristine condition! That’s where a good Sellers agent comes in, you need advice to help you get the house ready as well as stage/prepare it for showing. Let me know if I can help you devise a strategy to sell your home. My last 3 listing have all gone into contract the first week after I listed them! Yes, in this market! It is possible to sell your home!
It is interesting to note that number of expired listings have increased. Home sellers who are not seeing offers or who are seeing offers below expectations are taking their homes off the market.
| MARIN HOME (CONDO + SFR) SALES STATISTICS - BY CITY AS OF 10/14/09 | |||||
|
City |
Total |
Active | Number in Contract*** | Percent in Contract* | Type of Market* (See Key) |
| Belvedere | 42 | 37 | 5 | 12% | Strong Buyers |
| Corte Madera | 42 | 21 | 21 | 50% | Strong Sellers |
| Fairfax | 51 | 32 | 19 | 37% | Sellers |
| Greenbrae | 49 | 38 | 11 | 22% | Buyers |
| Kentfield | 42 | 31 | 11 | 26% | Buyers |
| Larkspur | 39 | 32 | 7 | 18% | Strong Buyers |
| Mill Valley | 182 | 141 | 41 | 23% | Buyers |
| Novato | 330 | 152 | 178 | 54% | Strong Sellers |
| Ross | 31 | 26 | 5 | 16% | Strong Buyers |
| San Anselmo | 102 | 70 | 32 | 31% | Balanced |
| San Rafael | 336 | 219 | 117 | 35% | Balanced |
| Sausalito | 80 | 61 | 19 | 24% | Buyers |
| Tiburon | 68 | 90 | 8 | 8% | Extreme Buyers |
| Others | 105 | 88 | 17 | 16% | Strong Buyers |
| Total Marin 10/14/09 | 1529 | 1038 | 491 | 32.11% | Balanced |
| Total Marin 8/19/09 | 1533 | 1070 | 463 | 30.2% | Buyers |
| Total Marin 7/23/09 | 1533 | 1097 | 436 | 28.44% | Buyers |
| MARIN HOME SALES STATISTICS - BY PRICE RANGE AS OF 10/14/09 | |||||
|
Price |
Total |
Active | Number in Contract*** | Percent in Contract* | Type of Market* (See Key) |
| $100,000-$499,999 | 303 | 130 | 173 | 57% | Extreme Sellers |
| $500,000-$749,999 | 360 | 199 | 161 | 45% | Sellers |
| $750,000-$999,999 | 281 | 215 | 66 | 23% | Buyers |
| $1,000,000-$1,499,999 | 234 | 185 | 49 | 21% | Buyers |
| $1,500,000-$1,999,999 | 118 | 104 | 14 | 12% | Strong Buyers |
| $2,000,000-$2,499,999 | 71 | 61 | 10 | 14% | Strong Buyers |
| $2,500,000-$2,999,999 | 52 | 44 | 8 | 15% | Strong Buyers |
| $3,000,000-$3,999,999 | 43 | 38 | 5 | 12% | Strong Buyers |
| Over $4,000,000 | 66 | 62 | 4 | 6% | Extreme Buyers |
| Total | 1528 | 1038 | 490 | 32% | Balanced |
| *Key to market type: | |
| 0% - 10% of Homes in Escrow: Extreme Buyers | 36% - 45% of Homes in Escrow: Sellers |
| 11% - 20% of Homes in Escrow: Strong Buyers | 46% - 55% of Homes in Escrow: Strong Sellers |
| 21% - 30% of Homes in Escrow: Buyers | 56% - 100% of Homes in Escrow: Extreme Sellers |
| 31% - 35% of Homes in Escrow: Balanced Market | |
**Based on information from Bay Area Real Estate Information Services, Inc. (BAREIS). Information has not been verified, is not guaranteed, and is subject to change and is based on one period of time.”
***Includes all: Sale Pending & Contingent properties
The Marin real estate market is very hard to generalize. It is a market made up of many micro markets. For complete information on a particular neighborhood or for an evaluation of your home's worth, call me. If I can help you devise a strategy, call or click the buying or selling link in the menu to the top.
If you know of anyone who would like to receive this monthly newsletter or is thinking of either buying or selling a home please let me know. I’d love your referrals!
"Towns across Marin are having trouble meeting housing requirements that have been mandated by the state government and determined by the Association of Bay Area Governments (ABAG). In Marin, only Belvedere met the June 30 deadline for submitting housing element plans.....
"The reason that it's difficult in Marin is there's a shortage of land available for development," said Peter Ramsey, a member of the Fairfax Planning Commission who also works for the Marin Housing Authority.
Much of Marin County has been set aside as permanent open space where no houses can be built, and in areas where development is encouraged there is often little space left for more housing units."
Read the full article from MarinScope:
Fire crews who arrived near the end of Liberty Dock at Waldo Point Harbor at about noon found a big column of smoke rising from a two-story houseboat at 49 Liberty Dock that was fully engulfed in flames. Fire then shot over to the neighboring houseboat at 48 Liberty Dock....
News story Link w/pictures of fire


To see the entire newsletter for June on my website:
Below you will find a break down by city and price range of how many homes are in contract compared to how many homes are listed. Overall Marin is in a “Buyers Market” category, but this is a bit misleading. The very low end of the market (homes priced under $500,000) is actually in a “Strong Sellers” market, which tips the overall averages. The high end of the market (over $2,000,000) is in an Extreme Buyers market. I think if you took out the low end of the market (condo sales) the market would be in an overall “Strong Buyers” market.
In Novato multiple offers have been the norm. (as can be seen by the fact that Novato is now considered to be in a “Strong Sellers” category).
Keep in mind that these multiple offers and the sellers market is in the low end, where there have been numerous foreclosures and short sales. The Middle to high end of the Marin market is s still challenged, as there is a lot of inventory and it’s harder to get Jumbo loans. This is especially the case for homes priced over $2,000,000.
I’ve heard of some distressed sellers taking offers for as much as $500,000 off the asking price. Every sellers’ situation is different, so It’s important that your buyers agent investigate the reasons as to why the seller is selling. If I can help you devise a strategy, feel free to contact me: Liz@BayAreaREalEstateSales.com
For readers of my newsletter, I recently listed a property downtown Mill Valley. http://www.208cortemadera.com/ This home has never before been on the market. Within the first week of listing it, I received 3 offers on the house. I was very surprised to find that all 3 of the offers came in UNDER list price. We ended up countering the buyers and closed on the house just this week (a very quick escrow) for list price: $899,000. During the entire time I was in escrow I continued to receive multiple calls a week for showings and to find out how the escrow was going. This shows to me that for the right property (this was a great fixer within 2 blocks of downtown) that there is strong interest out there for homes priced under $1M.
Foreclosure activity, in the article/chart below: you’ll see that the number of Pre-foreclosures, Auction and Bank-owned property was about the same as in May overall. The number in pre-foreclosure did decrease. If you’d like to see the bank owned homes on a map, you can do a search here: Search the Map Based REO (Bank Owned) Homes in Marin Click Here


To read this entire stats article visit the link on my website here:
FORECLOSURES/BANK OWNED AND AUCTION PROPERTIES AS OF 4/24/09
I get asked all the time to look for deals, as buyers want to purchase a "Foreclosed Property" or are looking for homes that are 50% of their value (as many parts of the country have had dramatic price reductions). As I've mentioned, in my many newsletters, Marin is made of of many Micro areas where home values have clearly not dropped like they have in other parts of the state/country. Yes, our prices oure down. But if you are looking for a "Foreclosure deal" be prepared that so is everyone else!
Now, let’s get into the detail on these homes and others that are on the MLS. The majority of the bank owned properties are listed on the MLS as the banks hire local real estate agents to sell the properties. In addition to these 266 bank owned there are also approximately 500 additional homes on the MLS being marketed along with these bank owned. These distressed properties will pull down the sales price for any home in the neighborhood.
To see the List of Marin Foreclosures chart click here:


47 Liberty Dock


