Selling your house
Bay
Area Real Estate Sales.com Newsletter
January
2009
In
This Month’s Issue:
Marin
Real Estate Market Update
2009
Marin Real Estate in Review
Trying
To Evaluate the
Marin Real Estate Market?
Foreclosures/Bank
Owned and
Auction Properties
Search
the
Marin Multiple Listing Service
What
do Clients Say About Working with
Liz McCarthy?
MARIN
REAL ESTATE MARKET UPDATE
How
is the Marin Real Estate Market Performing?
|
December
2009 Closed Sales
Single
Family Residences
|
|
|
Days
on Market
|
List
Price
|
Selling
Price
|
|
Average
|
125
|
$1,069,000
|
$1,010,000
|
|
Median
|
105
|
$832,000
|
$821,000
|
|
December
2009 Closed Sales
Condos
|
|
|
Days
on Market
|
List
Price
|
Selling
Price
|
|
Average
|
159
|
$375,000
|
$361,915
|
|
Median
|
97
|
$322,250
|
$320,250
|
The
Marin County, CA Report this week looked at 627 homes on the market.
The median price this week is $1,243,977. These homes have been on
the market for an average of 160 days.
In
December 2008 a total of 91 homes sold, as compared to December 2009,
where 173 homes sold. That’s up 90% year-over year for the
month of December. Looking at the number of pending sales in the
lowest price bracket (Home priced under $749,000 are moving very
quickly, where multiple offers are the norm). In fact in the lowest
end of the market (homes priced under $500,000, it’s an Extreme
Sellers market).
Buyers
are out there looking for homes. I’m been hearing a lot lately
that there is a lack of inventory. The real bargains, if there is
such a thing, are being snatched up. Where are the bargains that the
newspapers keep alluding to? Keep in mind that if a home is
bank-owned and is priced under market value, the home often gets
multiple offers with the price point being bid up to or near market
value. Marin continues to be a sought after market and place to
live. I’ve had out of the county buyers come to town, thinking
that they can finally find that “deal” in Marin.
Unfortunately, home prices in Marin County still are considerably
higher then they are in other parts of the bay area and even more so
when compared to other parts of California and the Nation.
Average
Price Week ending January 17, 2010 (Single Family Homes):
SIngle Family Homes- week ended 1.15.10
Download the Marin County Real Estate Single Family Homes Report, week ended 1.15.09
Download the Marin County Real Estate Condos Report, week ended 1.15.09
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:
Surprise, surprise, the overall Marin is in a “Balanced
Market” category, but this is due to the current lack of
inventory due to the holiday season, which makes the overall stats a
bit misleading. There are a lot of buyers out there, especially for
homes priced under $1,000,000 and there is extreme competition for
homes priced under $749,000.
Analysis
by City:
The most surprising towns this month are Kentfield and Ross! !
With 38% of the available homes in contract, Kentfield has entered
into a Sellers market category and in Ross, 57% of all available
homes are in contract, making it an “Extreme Sellers”
market. After months of listings languishing for sale, many of them
went into contract late in the year, additionally, many homes were
taken off the market for the holidays, so the stats may be a bit
misleading due to the lack of inventory. Not surprisingly, Novato is
a “Strong Sellers” and San Rafael is a “Sellers”
market, but San Anselmo is also a “Strong Sellers” market
. In Novato 46% of the available homes are in contract, 52% in San
Anselmo (up from 45 last month)
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.
|
MARIN
HOME (CONDO + SFR) SALES STATISTICS - BY CITY AS OF 1/14/10
|
|
City
|
Total
|
Active
|
Number
in Contract***
|
Percent
in Contract*
|
Type
of Market*
(See
Key)
|
|
Belvedere
|
24
|
21
|
3
|
13%
|
Strong
Buyers
|
|
Corte
Madera
|
13
|
10
|
3
|
23%
|
Buyers
|
|
Fairfax
|
18
|
12
|
6
|
33%
|
Balanced
|
|
Greenbrae
|
11
|
8
|
3
|
27%
|
Buyers
|
|
Kentfield
|
16
|
10
|
6
|
38%
|
Sellers
|
|
Larkspur
|
19
|
15
|
4
|
21%
|
Buyers
|
|
Mill
Valley
|
87
|
62
|
25
|
29%
|
Buyers
|
|
Novato
|
188
|
101
|
87
|
46%
|
Strong
Sellers
|
|
Ross
|
7
|
3
|
4
|
57%
|
Extreme
Sellers
|
|
San
Anselmo
|
56
|
27
|
29
|
52%
|
Strong
Sellers
|
|
San
Rafael
|
125
|
80
|
45
|
36%
|
Sellers
|
|
Sausalito
|
22
|
20
|
2
|
9%
|
Extreme
Buyers
|
|
Tiburon
|
52
|
42
|
10
|
19%
|
Strong
Buyers
|
|
Others
|
79
|
66
|
13
|
16%
|
Strong
Buyers
|
|
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 1/14/10
|
|
Price
|
Total
|
Active
|
Number
in Contract***
|
Percent
in Contract*
|
Type
of Market*
(See
Key)
|
|
$100,000-$499,999
|
86
|
35
|
51
|
59%
|
Extreme
Sellers
|
|
$500,000-$749,999
|
180
|
96
|
84
|
47%
|
Strong
Sellers
|
|
$750,000-$999,999
|
151
|
104
|
47
|
31%
|
Balanced
|
|
$1,000,000-$1,499,999
|
124
|
93
|
31
|
25%
|
Buyers
|
|
$1,500,000-$1,999,999
|
53
|
42
|
11
|
21%
|
Buyers
|
|
$2,000,000-$2,499,999
|
33
|
27
|
6
|
18%
|
Strong
Buyers
|
|
$2,500,000-$2,999,999
|
19
|
17
|
2
|
11%
|
Strong
Buyers
|
|
$3,000,000-$3,999,999
|
57
|
24
|
3
|
11%
|
Strong
Buyers
|
|
Over
$4,000,000
|
44
|
39
|
5
|
11%
|
Strong
Buyers
|
|
Total
|
717
|
477
|
240
|
33%
|
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
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!
2009
MARIN REAL ESTATE ANNUAL REPORT
SINGLE
FAMILY HOMES: After falling for four years in a row, sales of
single-family homes rose 5.3% in 2009. County home sales started the
year weak, but ended the year with sales up, year-over-year four out
of the last five months.
The
median price for single-family, re-sale homes fell 18% for the year.
This is only the third time since we've been keeping track, 1995,
that the median price has been down for the year.
The
Days on Market (DOM) or time it took to sell a home was at record
high in 2009. It took, on average, 107 days from when a home was
listed to when it went into contract.
CONDOS:
The sale of condos was down 5.1%. The median price was down for the
second time this decade, falling 18.5%. The average price dropped
20.3%. Days on market for condos was also at a record high last
year: 113 days.
|
2009
Marin County Real Estate:
SINGLE
FAMILY HOMES
|
|
|
Prices
|
Other
|
Percent
Change
|
|
Average
|
Median
|
Sold
|
DOM
|
SP/LP
|
Average
|
Median
|
Sold
|
|
1995
|
$424,464
|
$352,000
|
1,938
|
|
|
|
|
|
|
1996
|
$451,210
|
$372,495
|
2,366
|
|
|
6.3%
|
5.8%
|
22.1%
|
|
1997
|
$482,795
|
$395,000
|
2,883
|
|
|
7.0%
|
6.0%
|
21.9%
|
|
1998
|
$543,443
|
$430,000
|
2,869
|
41
|
97.9%
|
12.6%
|
8.9%
|
-0.5%
|
|
1999
|
$667,643
|
$510,000
|
3,041
|
37
|
98.9%
|
22.9%
|
18.6%
|
6.0%
|
|
2000
|
$816,364
|
$615,000
|
2,701
|
32
|
101.8%
|
22.3%
|
20.6%
|
-11.2%
|
|
2001
|
$853,558
|
$650,000
|
2,106
|
56
|
97.3%
|
4.6%
|
5.7%
|
-22.0%
|
|
2002
|
$889,011
|
$705,000
|
2,620
|
60
|
97.7%
|
4.2%
|
8.5%
|
24.4%
|
|
2003
|
$926,946
|
$732,000
|
2,731
|
64
|
97.6%
|
4.3%
|
3.8%
|
4.2%
|
|
2004
|
$1,062,756
|
$849,000
|
2,837
|
55
|
99.5%
|
14.7%
|
16.0%
|
3.9%
|
|
2005
|
$1,228,610
|
$959,000
|
2,590
|
56
|
99.6%
|
15.6%
|
13.0%
|
-8.7%
|
|
2006
|
$1,231,156
|
$955,000
|
2,159
|
73
|
98.1%
|
0.2%
|
-0.4%
|
-16.6%
|
|
2007
|
$1,372,240
|
$1,035,000
|
1,975
|
81
|
97.8%
|
11.5%
|
8.4%
|
-8.5%
|
|
2008
|
$1,270,524
|
$938,500
|
1,556
|
92
|
95.9%
|
-7.4%
|
-9.3%
|
-21.2%
|
|
2009
|
$1,000,719
|
$769,500
|
1,638
|
107
|
95.0%
|
-21.2%
|
-18.0%
|
5.3%
|
|
2009
Marin County Real Estate:
CONDOS
& TOWN HOMES
|
|
|
Prices
|
Other
|
Percent
Change
|
|
Average
|
Median
|
Sold
|
DOM
|
SP/LP
|
Average
|
Median
|
Sold
|
|
1998
|
$246,120
|
$219,000
|
604
|
39
|
99.1%
|
|
|
|
|
1999
|
$274,809
|
$247,000
|
617
|
25
|
100.8%
|
11.7%
|
12.8%
|
2.2%
|
|
2000
|
$338,191
|
$295,000
|
567
|
24
|
102.4%
|
23.1%
|
19.4%
|
-8.1%
|
|
2001
|
$395,749
|
$360,000
|
579
|
47
|
99.3%
|
17.0%
|
22.0%
|
2.1%
|
|
2002
|
$439,357
|
$399,000
|
814
|
54
|
99.6%
|
11.0%
|
10.8%
|
40.6%
|
|
2003
|
$475,783
|
$429,000
|
876
|
52
|
99.0%
|
8.3%
|
7.5%
|
7.6%
|
|
2004
|
$521,822
|
$490,000
|
939
|
45
|
101.9%
|
9.7%
|
14.2%
|
7.2%
|
|
2005
|
$584,911
|
$540,000
|
819
|
43
|
102.0%
|
12.1%
|
10.2%
|
-12.8%
|
|
2006
|
$601,762
|
$548,250
|
626
|
79
|
99.0%
|
2.9%
|
1.5%
|
-23.6%
|
|
2007
|
$643,148
|
$570,000
|
497
|
83
|
98.3%
|
6.9%
|
4.0%
|
-20.6%
|
|
2008
|
$475,625
|
$405,000
|
506
|
106
|
97.1%
|
-26.0%
|
-28.9%
|
1.8%
|
|
2009
|
$378,949
|
$330,000
|
480
|
113
|
96.7%
|
-20.3%
|
-18.5%
|
-5.1%
|
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
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
FORECLOSURES/BANK
OWNED AND AUCTION PROPERTIES
|
Type
|
Number
as of 1/14/10
|
|
Pre-foreclosure
|
356
|
|
Auction
Sale
|
439
|
|
Bank
Owned
|
356
|
|
TOTAL
|
1,151
|
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. .
If
you would like to see the public Bank Owned properties in Marin, here
they are on a map:
Search
the Map Based REO (Bank Owned) Homes in Marin Click Here
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
WHAT
DO CLIENTS SAY ABOUT WORKING WITH LIZ MCCARTHY?
“We
appreciated your support in guiding us through the steps we needed to
take to get our home ready to sell so that we could get the best
return on it. You gave us excellent advice and helped us stay on
schedule. We were amazed to have multiple offers on our home within
2 weeks of listing it, especially because the majority of houseboats
are on the market more than a few months. Plus, houseboats rarely
sell at or above asking price, as ours did. We definitely feel that
the website you built, the marketing you did, and the choices that
you helped us make directly impacted the easy and profitable sale of
our home! We were thrilled.
And
then your guidance and patience as we went about purchasing a home
again were beyond what we could have expected! It was a truly
amazing experience. You were so obviously out for our best
interests, as opposed to just looking to close a deal. You gave us
wonderful, thoughtful and educated information and advice, and this
helped prevent us from buying the wrong home just because we felt
rushed by our timeline. You also introduced us to the best vendors,
from inspectors to mortgage services, and this created ease in a
process that could otherwise be so difficult.
We
absolutely love the home that we ended up buying, and we attribute
this largely to your involvement. That you took the time not just to
help us get the right deal but also to help us make the right choice
for us, based on where we are at in our lives and the items we had
delineated as most important to us, is so appreciated. From the
moment we began working with you, we were impressed with the constant
integrity, dedication and patience that you exhibited. It was
empowering to have you on our team for this major process in our
lives.
We
absolutely recommend your services to everyone we meet. We can’t
imagine having a better experience with a realtor. We truly feel
blessed to have worked with you!”
With
gratitude,
-Traci
and Martin Orimenko, Mill Valley
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/
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http://www.facebook.com/lizsmccarthy
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