Selling your house
Area Real Estate Sales.com Newsletter
2012 Marin Real Estate Stats
This Month’s Issue:
2012 Market Update
Liz’s Listings & Buyers Needs
Is Your Marin Home Worth Today?
Owned And Auction Properties
The Marin Homes For Sale
School, Community & Home Seminar
For A Vacation Home In Lake Tahoe?
Do Clients Say About Working With Liz McCarthy?
2012 MARIN REAL ESTATE MARKET UPDATE
2012 Closed Sales
2012 Closed Sales
of 4/30/12, there are currently 1199 active homes and condos for sale
in Marin County. 541 of these homes (45.12%) are currently under
contract, which equates to a “Sellers Market” just on the
verge of a “Strong Sellers Market”.
There are currently (as of 4/30/12) 911 Single Family Homes for Sale
in Marin County. The current ACTIVE/Pending/Contingent average home
price for Single Family homes in Marin is $1,500,790 and the median
is $879,000.The overall Marin average asking price per square foot is
$590/sf; the median is: $405/sf The average sold price for Single
family homes in Marin in April was $1,041,000 and the median sold
price was: $787,500. In April it took 95 average days for Single
Family Homes to go pending.
There are currently 250 Condos for sale in Marin County as of
4/30/12. The current ACTIVE/Pending/Contingent average home price for
Condos in Marin is: $391,115 and the median is: $300,500. The
average sold price for Condos in Marin County for the month of
February was: $319,688 and the median: $302,500. The overall
Marin average asking price per square foot for condos is: $310/square
foot; the median asking price is: $242/sf. It is taking an average
of 119 days for condos to go pending.
Opinion on the Marin County Real Estate Market
is some VERY interesting news about the recent home market in Marin
haven’t seen the limited amount of inventory in Marin County
since our market peaked back in 2007! We have record lows in
inventory. Take a look at the following charts and you’ll see
that the number of pending homes have almost doubled while the
inventory is almost at half! If you have been considering selling
your home, the market has finally turned back to a Sellers Market!.
Interest rates remain low, buyers are convinced that the bottom has
hit, so buyers are now trying to get back into the market, But it
seems that sellers are continuing to wait until the prices go back
up. My general feeling is that the prices although they will start
inching back up, will NOT go up to the levels that we had in 2007, as
those prices were not sustainable. It was a severe housing bubble.
The following charts reflect the amount of homes that are available to purchase (For sale in light green) verus the amount of homes that are pending (triangle), Compared to a year ago, the amount of homes for sale is almost half of what it was last year.
sausalito, TIburon, Mill Valley and Belvedere
(Greenbrae, Corte Madera, Larkspur, San Anselmo, Ross and Kentfield)
San Rafael and Novato
you want to sell your home here is what’s VERY important to
keep in mind: 1. Price your home for the market, NOT for the market
a few years ago. Buyers are educated, savvy and will not over pay
for a home even with the lack of inventory. 2. Buyers desire homes
that have been updated and are in move-in condition.
have included charts that show the number of available (active) homes
compared to the number of pending (houses under contract). This means
the homes/condos available for purchase is VERY low and you are
competing against a large number of buyers.
would be more than happy to run these charts for you for any
particular segment you might be interested in, just send me an email
and let me know the town and whether it’s condos or single
family homes I can even limit to certain price ranges as well.
course, homes sales in Marin vary greatly by town and by price
point. Find your city and price range on the charts below to see how
your area is fairing compared to the rest of the County.
still believe the most active demographic continues to be buyers with
families seeking good public schools, remodeled/updated homes with
flat lawns or views, 3,000 sf, 4 bedrooms and 2.5 bathrooms with a
preference for walk-to-town location and Southern/Central Marin.
also noticed that the rental market has become very competitive.
There seems to be a general lack of available rental homes in Marin,
particularly in good school districts.
Type of Market is Marin In?
following rates are calculated by taking all of the currently active
Properties divided by the number that are under contract (Contingent
and Pending). This percentage can give you an overall view of the
health of the market (*see the Market Legend below to see what market
type that pending number falls into). The higher the percentage the
“hotter” the market is for sellers, meaning there are
often multiple offers with competitive pricing, which ultimately
drives the price up.
at data as of 04/30/12, Sausalito and Mill Valley are all in a
Market” (with 36%-45% of all homes for sale in contract).
Corte Madera, Fairfax, Greenbrae, Larkspur, San Anselmo, and San
Rafael are all in a “Strong
Sellers Market (with 46% - 55% of homes in contract)” and
Novato is in an “Extreme
Sellers Market” (with 56% -100% of homes in contract):
No homes are in the healthy “Balanced
Market” (with 31% - 35% of homes under contract).
And the following towns which are some of the most expensive zip
codes: Ross is in a “Buyers
Markets” (with 21% - 30% of homes in contract)
and Tiburon and Belvedere are in an “Strong
- 20% of homes under contract).
by Price Range:
priced under $499K - $749K are moving quickly in a “Extreme
Sellers Market”, (with 57% - 71% of all listed homes for sale
Homes priced from $750K - $999K are in a “Sellers
The market is generally extremely competitive for homes priced under
$1M, especially when homes are listed at the right price, often
multiple offers are coming in with bidding over asking. Homes priced
from $1M - $2.49M are in a “Buyers
Homes priced from $2.5M – $2.9M are in a “Extreme
priced from $3M - $9.9M are in a “Strong
and homes priced over $10M+ are also in an “Extreme
- 10% of Homes in Escrow: Extreme Buyers
- 45% of Homes in Escrow: Sellers
- 20% of Homes in Escrow: Strong Buyers
- 55% of Homes in Escrow: Strong Sellers
- 30% of Homes in Escrow: Buyers
- 100% of Homes in Escrow: Extreme Sellers
- 35% of Homes in Escrow: Balanced Market
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.”
all: Sale Pending & Contingent properties
LIZ’S LISTINGS & BUYERS NEEDS
of 4/15/2012, Liz is currently the #6 agent in all of Marin county,
already having closed $8.2M in sales for 2012!
2011 Liz was in the top 2% of all Marin Real Estate Agents, selling
over $15M in Marin Real Estate sales and she was the #1 Top Producer
with McGuire in Marin County. Liz is also a member of both the Marin
Platinum Group as well as the Marin Top Agent Network.
is currently working with a number of buyers who are ready to
purchase a home right away. Here are some of what Liz’s
clients are looking for, if you know of anyone selling a home that
fits, please contact me right away!
Looking for a private home in Novato, San Anselmo or San Rafael that
has charm, Views are important, but home cannot be on a steep slope
or have stilts. Must have a garage. 3Bedrooms/2Bathrooms. Cash
Buyer up to $700,000
Sausalito or Mill Valley, 2/2, up to $800,000, views, private must
have a garage. Prefer it to be in decent condition
Novato, small back yard, 3/2 not large (1700sf is fine), Prefer 1
level, but not necessary, high ceilings, prefer updated. $675,000
Larkspur or Corte Madera preferred, in the flats, family flat
neighborhood, family house 3/2. UP to $1.3M
Tiburon Schools (Corte Madera is ok), possibly Larkspur or Greenbrae
as well, Family house 3/2 Up to $1.2M
Marinwood, 3/2 up to $650,000
Marinwood, 3/2 up to $650,000
Corte Madera, Larkspur 3/2 Family House $900,000
Single Mom, Corte Madera, larkspur, Mill Valley, Tiburon, family
house, doesn’t have to be large $800,000
Anchorage, Sausalito - $499,000
yourself to the good life in the Ultimate Marin County Pied-a-Terre,
located in the beautiful sea-side town of Sausalito!
like you're a world away in this newly remodeled, spacious, and
sophisticated one bedroom top-floor Condo in Sausalito. An abundance
of amenities includes: organic bamboo floors, a spacious bedroom with
large closet and sunny balcony; a gourmet kitchen with new stainless
modern appliances; an eight foot granite bar and dining area;
immaculate marble bathroom with a king-size luxury tub/shower and
chrome fixtures; large living room with travertine switch-on gas
fireplace overlooking incredible Bay views; built-in work space, and
a private balcony that overlooks a breathtaking 190 degree panoramic
view of water and sky that stretches from Mt. Tamalpais sunsets to
glorious sunrises over Angel Island, Oakland and San Francisco. 1 car
covered car-port with lots of available guest parking.
Throckmorton, Mill Valley - $10,000/month (for lease available
starting July 2012)
South Eliseo, Greenbrae - $549,999
Greenbrae Condo is located in a rarely available small complex with
water views. This spacious 1650+sf unit has two large bedrooms and
2.5 bath. On the main level the living room leads out to a deck
overlooking the wonderful waterway views. There is a dining area as
well. The unit has incredible storage space with large walk-in
closets in both bedrooms and a 2 car-tandem 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.
Mesa Lane, Mill Valley $389,000 Short Sale (representing Buyers)
- $8.3M To Date
Spencer Avenue, Sausalito $1,295,000 (represented Buyers)
Highland Avenue, Novato $700,000 (represented Buyer)
Merrydale Court, San Rafael $249,000 Short sale (represented Sellers)
West Street, Sausalito $551,000 (represented Buyers and Sellers)
Oak Mountain, San Rafael $1,202,000 (represented Buyer)
Miller Creek Road, San Rafael $669,500 (represented Buyer)
Ridgewood Drive, San Rafael $780,000 (represented Buyer)
Forrest Lane, San Rafael $184,000 (short sale, represented Buyers)
Bernard, Mill Valley $1,650,000 (represented Seller)
Rowland, Novato $425,000 (short sale, represented Seller)
Opalstone, San Rafael, Marinwood, $560,000 (represented Buyers)
- $15M in closed sales
- $12M in closed sales
IS YOUR MARIN HOME WORTH TODAY?
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
HOME VALUATION REPORT TOOL:
This tool 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.. Keep in mind this report is based purely on the Tax record stats.
Marin Home Value Report
MARKET EVALUATION REPORT BY CITY:
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.
Statistical Reports by Marin Town
course, if you have any questions please call me at 415-250-4929 or
drop me an email at Liz@BayAreaRealEstateSales.com
OWNED AND AUCTION PROPERTIES
been tracking the Marin County Foreclosure data since April of 2009.
In April 2009, there were a total of 1,033 total distressed homes in
Marin County (per the County Tax records) and as of April 30, 2012,
the number is 1,131. The number of distressed homes is down 200 from
a year ago and was the lowest number of distressed homes since I’ve
been charting the data. I take this to mean that the number of
underwater mortgages in Marin may finally be decreasing.
a quick search in our MLS as of 04/30/2012, I show that currently
only 346 total distressed home are listed for sale on the mls
(10/2011 there were 436): 88 Bank owned; and 258 that are short sale/
NOD or in foreclosure. This is an interesting number as in the
County of Marin there are 1,131 distressed homes (according to the
tax records), but only 258 of these homes are currently for sale.
the filing of a Notice of Trustee Sale, there are only three possible
outcomes. First, the sale can be cancelled for reasons that include a
successful loan modification or short sale, a filing error, or a
legal requirement to re-file the notice after extended postponements.
Alternatively, if the property is to be “sold at auction”,
this is typically done on the court house steps at the County Court
house. The bank will place the opening bid. If a third party,
typically an investor, bids more than the bank's opening bid, the
property will be sold to the third party; if not, it will go back to
the bank and become part of that bank's REO inventory. In order to
purchase a home at the foreclosure auction, the buyer needs to have
cash and also be prepared to purchase the property and clear any
other liens that may be outstanding (property taxes, HOA dues, etc).
The reason here in Marin we don’t see a lot of homes being
purchased at the court house steps is the fact that the opening bid
is higher than what the house is currently worth.
is a short sale?
according to wikipidia:
“A short sale is a sale
estate in which the proceeds from selling the property will fall
short of the balance of debts secured by liens
against the property, whereby the lien holders agree to release their
lien on the real estate and accept less than the amount owed on the
debt. Any unpaid balance owed to the creditors is known as a
deficiency. Short sale agreements do not necessarily release
borrowers from their obligations to repay any deficiencies of the
loans, unless specifically agreed to between the parties which is
typically the case in a non-recourse loan (where the mortgage was
used to purchase the home-owners principal residence.”
short sale is often used as an alternative to foreclosure
because it mitigates additional fees and costs to both the creditor
and borrower; however both will often result in a negative credit
report against the property owner.
Liz has closed a number of
short sales this year (representing both buyers and sellers). If you
are feeling a hardship with your home, please feel free to
confidentially contact me.
as of 4/30/12
can search for Marin listings directly on BayAreaRealEstateSales.com:
THE MARIN HOMES FOR SALE
following links will take you to home searches for different cities
search results are displayed from the highest price to the lowest
price. You can scroll through pages at a time.
Homes For Sale
Madera Homes For Sale
Homes For Sale
Homes For Sale
Homes For Sale
Homes For Sale
Valley Homes For Sale
Valley Condos For Sale
Homes For Sale
Homes For Sale
Anselmo Homes For Sale
Rafael Homes For Sale
Rafael Condos For Sale
Homes For Sale
Homes For Sale
Luxury homes priced over $2M - $3M Marin
Luxury Home Search:
homes priced over $3M Marin
Luxury Home Search:
Homes for sale: Sausalito
SCHOOL, COMMUNITY & HOME SEMINAR
you considering a move to or within Marin County?
in 2010 Liz starting conducting regular Marin School, Community and
Home Seminars. To date, she has held 10 of these seminars to rave
reviews! In these seminars, Liz goes over:
Micro Climates of Marin
Commuting to and from San Francisco
Average Home prices in different Marin towns
Current Mortgage Market update (given by a banking/mortgage expert)
29, 2012 Sports basement, The Presidio, SF
14, 2012 Sports Basement, The Presidio, SF
for more info
you are interested in attending an upcoming seminar, you can find the
dates, locations and details to RSVP here:
FOR A VACATION HOME IN LAKE TAHOE?
is SUPER excited to announce that she recently was able to take
advantage of the market price drop in the Lake Tahoe Area and just
purchased a 2nd
home in Truckee! She’ll be renting this home out to friends so
if you are interested, the home is available rent starting May 1st!
Pictures and more to come soon!
is happy to announce a new partnership with Linda Granger, a top
producing 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
Tahoe Home Search and Blog:
is happening in the Tahoe Market?
on the link above to view the graphs for this article: “The
2012 first quarter report also shows dips around the lake overall in
regard to sales prices from one year ago, which is reflected by the
median price of a home in Lake Tahoe which is now $317,000 and the
average home price which is $623,645, down 25 percent and 31 percent
respectively.” Read a lot more here: Lake
Tahoe Real Estate:
DO CLIENTS SAY ABOUT WORKING WITH LIZ MCCARTHY?
were thrilled with the level of service Liz provided. She is
heads and shoulders over anyone with whom we've worked. Here's
Her knowledge of the market and of neighborhoods. She
really knows Marin.
Her knowledge of what features we needed (but didn't know to
ask about) with our first child on the way.
Her professionalism and honesty. Based on her feedback we
did not close on a particular house - she could have kept silent and
made an easier commission. But due to her honesty, we found a
Her team. She has relationships with professionals that
work together to make the deal happen.”
and Irina Webb, closed March 2012
BAY AREA REAL ESTATE NEWSLETTER IS PROVIDED TO YOU BY:
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
sure to check out all the other great content & features of my
Estate Broker, e-PRO certified
Real Estate, Top Producer and Partner
#1 Agent for Marin County 2011
President Marin Women’s Council of Realtors
2% of Marin agents 2011
members of Marin Top Agent Network & Marin Platinum Group
License Number: 01421997
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