Selling your house
Bay
Area Real Estate Sales.com Newsletter
June
2010
In
This Month’s Issue:
How
is the Marin Real Estate Market Performing?
See
Liz’s
Newest Listings
Trying
to Evaluate the Marin Real Estate Market?
Foreclosures/bank
Owned and Auction
Properties
Search
the Marin multiple Listing Service
Luxury
Tahoe Home Tour
Recent
Blog Posts:
What
do Clients Say About Working with Liz McCarthy?
HOW
IS THE MARIN REAL ESTATE MARKET PERFORMING?
|
May
2010 Closed Sales
Single
Family Residences
|
|
|
Days
on Market
|
List
Price
|
Selling
Price
|
|
Average
|
81
|
1,138,969
|
1,092,700
|
|
Median
|
46
|
823,400
|
800,000
|
|
May
2010 Closed Sales
Condos
|
|
|
Days
on Market
|
List
Price
|
Selling
Price
|
|
Average
|
97
|
368,873
|
362,200
|
|
Median
|
53
|
359,000
|
345,250
|
This
is from the recent Marin IJ article entitled: Marin housing sales,
prices up from previous year. Read
the article here:
Marin
saw a rise in both the number of single-family home sales and the
median price in May compared with last year.
Marin's
single-family median price in May was $823,400 was slightly higher than the
April median of $800,000, marking the first dip in what had been a
steady rise in prices this year. The January median was $640,000, in
February it was $694,500 and in March, $725,250, according to
DataQuick. A total of 203 single-family homes were sold in May in
Marin, up from 171 in May 2009, an 18.7 percent rise.
Median Single Family Home Prices
Condo Statistics
The
median price of condos was $359,000 in May, a slight increase from
May 2009, when condos sold for $310,000. The median price is the
point at which half the homes sell for more and half sell for less.
Median Condo Prices
Analysis
by Price Range:
Homes
priced under $500,000 continue to move very quickly, but have slowed
down slightly from last months: “Strong Sellers” Market
to a “Sellers Market” especially in Novato, often times
with cash offers being made by investors. Homes priced from $501K -
$749K slowed down slightly into a “Balanced Market” from
last month’s “Sellers” Market. All homes priced
over $750,000 are in varying degrees of “Buyers” markets.
Analysis
by City:
In talking with other agents, the general feeling has been that
things have cooled considerably during the month of June. The
market did cool a bit from last month. Last month Corte Madera,
Fairfax, Greenbrae, Novato, and San Anselmo where are all in Sellers
Markets. This month however, not a single town in Marin was in a
Sellers Market with the exception of Greenbrae. The remainder of the
town in Marin are all in Buyers Markets, with Ross and Tiburon in a
Strong Buyers Market and Belvedere in an Extreme Buyers Market.
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.
|
MARIN
HOME (CONDO + SFR) SALES STATISTICS - BY CITY AS OF 6/25/10 |
|
City |
Total |
Active |
Number
in Contract*** |
Percent
in Contract* |
Type
of Market*
(See
Key) |
|
Belvedere |
40 |
37 |
3 |
8% |
Extreme
Buyers |
|
Corte
Madera |
52 |
35 |
17 |
33% |
Balanced |
|
Fairfax |
48 |
36 |
12 |
25% |
Buyers |
|
Greenbrae |
42 |
27 |
15 |
36% |
Sellers |
|
Kentfield |
43 |
34 |
9 |
21% |
Buyers |
|
Larkspur |
43 |
31 |
12 |
28% |
Buyers |
|
Mill
Valley |
217 |
164 |
53 |
24% |
Buyers |
|
Novato |
347 |
224 |
123 |
35% |
Balanced |
|
Ross |
30 |
25 |
5 |
17% |
Strong
Buyers |
|
San
Anselmo |
87 |
65 |
22 |
25% |
Buyers |
|
San
Rafael |
397 |
282 |
115 |
29% |
Buyers |
|
Sausalito |
98 |
73 |
25 |
26% |
Buyers |
|
Tiburon |
127 |
112 |
15 |
12% |
Strong
Buyers |
|
Others |
116 |
97 |
19 |
16% |
Strong
Buyers |
|
Total
Marin 4/28/10 |
1687 |
1242 |
445 |
26.38% |
Buyers |
|
Total
Marin 4/28/10 |
1578 |
1080 |
498 |
31.56% |
Balanced |
|
Total
Marin 3/15/10 |
1211 |
801 |
410 |
33.86% |
Balanced |
|
Total
Marin 2/14/10 |
1098 |
712 |
386 |
35.15% |
Balanced |
|
Total
Marin 1/14/10 |
717 |
477 |
240 |
33.47% |
Balanced |
|
Total
Marin 12/17/09 |
1090 |
676 |
414 |
37.98% |
Sellers |
|
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 6/25/10 |
|
Price |
Total |
Active |
Number
in Contract*** |
Percent
in Contract* |
Type
of Market*
(See
Key) |
|
$100,000-$499,999 |
360 |
202 |
158 |
44% |
Sellers |
|
$500,000-$749,999 |
377 |
250 |
127 |
34% |
Balanced |
|
$750,000-$999,999 |
306 |
238 |
68 |
22% |
Buyers |
|
$1,000,000-$1,499,999 |
255 |
212 |
43 |
17% |
Strong
Buyers |
|
$1,500,000-$1,999,999 |
146 |
130 |
16 |
11% |
Strong
Buyers |
|
$2,000,000-$2,499,999 |
76 |
64 |
12 |
16% |
Strong
Buyers |
|
$2,500,000-$2,999,999 |
43 |
33 |
10 |
23% |
Buyers |
|
$3,000,000-$3,999,999 |
50 |
43 |
7 |
14% |
Strong
Buyers |
|
Over
$4,000,000 |
74 |
72 |
2 |
3% |
Extreme
Buyers |
|
Total
|
1687 |
1244 |
443 |
26% |
Buyers |
|
*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
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!
SEE
LIZ’S NEWEST LISTINGS
Liz is also now a member of an exclusive network of Top Marin Agents called the Marin Platinum Network. As a member of this group, Liz gets access to over 100 off market homes that never hit the MLS! Call Liz today if you'd like her to help you with your Marin Real estate needs. 415-250-4929
Liz
has 2 homes currently listed and has already closed over $5,500,000
in sales for in 2010!
Just
Listed:
35
Bayview Ave, Mill Valley (on corner of Bernard and Bayview)
$2,549,000
This
home is not currently on the MLS
5
Bedrooms and 3 bedrooms
http://www.35Bayview.com
This
beautifully updated and light-filled home is ideally located just
steps from Mill Valley's restaurants, theatres, schools and shops.
Enjoy the beautiful flowering gardens and stone patios. This five
bedroom, three bathroom home also includes a media room and office or
playroom perfect for flexible living, privacy and serenity. The
recently remodeled kitchen opens up to a sunny deck that overlooks
downtown Mill Valley and the adjacent hills. Limestone entry,
hardwood and bamboo floors, designer paint colors and space for a
wine cellar. French doors from master bedroom lead to gardens.
Downstairs has a private separate entrance as well as a two car
garage. This property rates a Walk Score of 97 out of 100, a Walkers
Paradise. Top rated Mill Valley schools and just a short commute to
San Francisco make this house ideally situated.
Just
Listed:
677
South Eliseo, Greenbrae
$569,000,000
2
Bedrooms/2.5 bathroom, plus 1 a large bonus room
1800+
square feet, one of the largest condos in Greenbrae I’ve ever
seen!
This
Greenbrae end-unit Condo is located in a rarely available small
complex with water views. This spacious 1800+sf unit has two large
bedrooms and 2.5 baths, plus an additional large room. On the main
level the living room leads out to a deck overlooking the wonderful
waterway views. There is a dining area as well as a separated large
room that is currently being used as an office. The unit has
incredible storage space with large closets and an attached garage
with interior access. The small 10-unit Silver Pavilion complex has a
swimming pool, sauna and a boat dock, and offers access to nearby
bike trails along the waterway. This location offers an easy commute
to San Francisco and excellent schools! Incredible $ per square foot
value.
http://www.677SouthEliseo.com
Liz
Just Sold:
10
La Rosa, Larkspur $2,400,000
20
Elizabeth Place, Inverness $1,200,000
100
Rockrose Way, Novato $810,000
67
Pinheiro Circle, Novato $656,500
55
Buena Vista, Novato $520,000
TRYING
TO EVALUATE THE MARIN REAL ESTATE MARKET?
I’ve
mentioned in the past, I’m constantly on the look out for
information to better prepare my clients to understand the local real
estate market. I’ve got 2 great new stat evaluation programs
that I’m providing FREE of charge to my clients and viewers of
my newsletter!
1.
FREE NEIGHBORHOOD EVALUATION REPORT:
If
you would like a personalized Market evaluation of YOUR home, within
minutes of submitting your request, or if you are a home Buyer and
want to do a Market Snapshot of a particular zip code, that works
too! Check it out, I PROMISE you you’ll love what you see!
These reports will include recent comp data, charts, trends and more.
You will receive an updated neighborhood report every month with
upgraded comp data:
Free
Marin
Neighborhood Report
FREE
HOME VALUATION REPORT TOOL:
Not
as graphically pretty as the above report, but will actually give you
a VALUE of YOUR home. Additionally, you can make changes to your
“home” which will change your homes valuation. This is
nice for running scenarios (like do I add on to my house to make it
bigger or add bedrooms?) This report will give you an instant home
valuation. You do have the option of entering your email address to
receive updates of when new homes sell.
Free
Marin Home
Value Report
http://valuemap.facorelogic.com/ValueMap.aspx?licenseCode=6b9fa4be3bba4158a24c88bd859ee069
3.
DETAILED
MARKET EVALUATION REPORT BY CITY:
Fabulous
stats program that breaks down city statics. Will show you weekly
average and median prices, days on market, Additionally, you can sign
up to receive a detailed weekly market update of your interested
city. Whenever you view this page the graphics will automatically
update to the most current data, so check back often, or even better,
sign up to receive alerts of when new statics are released by city.
FREE
Statistical Reports by Marin Town
4.
FORECLOSURE
ACTIVITY
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
Of
course, if you have any questions please call me at 415-250-4929 or
drop me an email at Liz@BayAreaRealEstateSales.com
LIZ’S
RECENT BLOG POSTS
Liz
is in the process of announcing the launch of a new website and blog
called: www.MarinLuxuryListings.com
This blog will be focused on Marin real estate and the Marin
lifestyle.
If
you are looking for information on Marin family activities, please go
to the following 3 blog posts:
Looking
for a community pool in Marin?
Bay
Area Family Activities Calendar.
Kids
Eat Free Restaurants in Marin
FORECLOSURES/BANK
OWNED AND AUCTION PROPERTIES
|
Type |
Number
as of 6/25/10 |
|
Pre-foreclosure |
467 |
|
Auction
Sale |
476 |
|
Bank
Owned |
410 |
|
TOTAL |
1353 |
I
can provide you a list of all of the current properties in any of the
above types anywhere in Marin.
I’ve
been tracking the Foreclosure data since April of 2009. The overall
chart above shows a slow and steady rise in the number of Bank owned,
Notice of Default (pre-foreclosure) and Auction sale properties. .
I
have access to all of these homes!! If you would like me to pull a
more customized list for any town in Marin that will show:
Pre-foreclosure, Auction and/or Bank owned properties, just email me:
Liz@BayAreaRealEstateSales.com
FREE…..You
can search for Marin listings directly on BayAreaRealEstateSales.com:
Search
for Homes
Back
to top
SEARCH
THE MARIN MULTIPLE LISTING SERVICE
The
following links will take you to home searches for different cities
in Marin.
All
search results are displayed from the highest price to the lowest
price. You can scroll through pages at a time.
Belvedere
Homes For Sale
Corte
Madera Homes For Sale
Fairfax
Homes For Sale
Greenbrae
Homes For Sale
Kentfield
Homes For Sale
Larkspur
Homes For Sale
Mill
Valley Homes For Sale
Mill
Valley Condos For Sale
Novato
Homes For Sale
Novato
Condos
Ross
Homes For Sale
San
Anselmo Homes For Sale
San
Rafael Homes For Sale
San
Rafael Condos For Sale
Sausalito
Homes For Sale
Tiburon
Homes For Sale
Marin
Luxury homes priced over $2M - $3M Marin
Luxury Home Search:
Marin
homes priced over $3M Marin
Luxury Home Search:
Floating
Homes for sale: Sausalito
House Boats
Back
to top
LOOKING
FOR A VACATION HOME IN LAKE TAHOE?
Liz
is happy to announce a new partnership with Linda Granger, a top Lake
Tahoe Real Estate Broker. From this point forward, I will include a
link to her blog. If you would like any detailed information on
homes in Lake Tahoe, let me know and I will get you in touch with
Linda. You can search for Tahoe Homes directly from the Lake
Tahoe Home Search:
Lake
Tahoe Luxury Home Tour:
Great
event coming up at Lake Tahoe that you won’t want to miss! This
is a great opportunity to preview some of the most luxurious
lakefront and estate properties for sale at Lake Tahoe. The annual
Lakefront and Luxury Estates Tour will be held on Wednesday, June
30th. Properties all around the lake will be featured and will be
available to see from 10:00 a.m. to 5:00 p.m. Come and go as you
please! For a map and list of properties click
here.
WHAT
DO CLIENTS SAY ABOUT WORKING WITH LIZ MCCARTHY?
“We
first met Liz after contacting her we found her via her website. Our
family wanted to make the move to Marin from San Francisco. After
giving her a long list of “must haves”, Liz truly
understood what we were looking for in a house and we trusted her
judgment to bring to our attention the houses that had potential. Liz
was very patient and put our priorities and needs above her own. She
was flexible in working with our schedule, even on short notice. Liz
was also very creative and showed initiative in her approach to find
off-market opportunities.
Liz’s
team made the task of purchasing a home relatively simple by directly
coordinating with escrow/title and the mortgage lender to ensure all
the deadlines were met in a timely fashion. Liz always worked in our
best interest and held firm during difficult negotiations. Her
in-depth market and neighborhood knowledge made us feel comfortable
in purchasing a house in Marin. Liz was a pleasure to work with and
an excellent real estate agent.”
-Nicole
and Justin Wesley
THE
BAY AREA REAL ESTATE NEWSLETTER IS PROVIDED TO YOU BY:
If
you would like to have Liz help you sell your Marin home or help you
find a home, or you know of someone that could benefit from her
services, just send her an email: liz@BayAreaRealEstateSales.com
or give her a call: 415-250-4929
Be
sure to check out all the other great content & features of my
website:
www.BayAreaRealEstateSales.com
Liz
McCarthy, PMN
Real
Estate Broker, e-PRO certified
McGuire
Real Estate
415-250-4929
Liz@BayAreaRealEstateSales.com
www.BayAreaRealEstateSales.com
BLOG:
http://bayarearealestatesales.blogspot.com/
Facebook:
http://www.facebook.com/lizsmccarthy
Twitter:
http://www.twitter.com/lizsmccarthy
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