Atrium Eichler | Mellow Terra Linda Cul-De-Sac

Fabulous Eichler with open Atrium. Serene cul-de-sac location near shopping, schools, parks, open space, and transportation (including Golden Gate Transit to San Francisco). Four Bedrooms, Two Baths, separate dining area, large family room with floor to ceiling windows.

As the adjacent neighboring home at the back of the property sits at a lower elevation, it feels as though there is no rear neighbor. Your wandering gaze from the family room falls directly to the open space and hills in the distance. In addition, the back yard basks in year round afternoon sun and is very private on both sides.

New interior paint, carpeting, and lots of attentive details. Immaculately landscaped. A fresh home with unlimited appeal. Located in the desirable Dixie School District.

 

25 Calafia Court, Terra Linda (San Rafael)

Click HERE for more pictures and further details. For more information, please contact Kyle Frazier, CRS at (415) 350-9440.

Stunning In Sausalito

Stunning Views — Best of Complex (The Anchorage). This is an immaculate Sausalito space with a wonderful Kitchen and views of Richardson Bay. Top floor, end-unit. Loads of extra parking for guests. The complex is nicely maintained (and newly painted) with a pool and pool house. Close to the best Sausalito has to offer: restaurants, shopping, parks, biking, and the waterfront. An effortless commute to San Francisco.

16 Anchorage Road, Sausalito | $512,000

Click HERE for more pictures. And for more information regarding other details, please call Kyle Frazier, CRS, at (415) 350-9440. It is always a pleasure to be of service.

Marin County, California, Luxury Homes Report (January 2009–Sales and Inventory Analysis)

While many bankers, lawyers, and executives received annual bonuses this year, many others did not. It can be expected that the resulting impact on the luxury market will be felt. Last month I noted a sluggish high end for Marin County real estate and nothing much has changed. In fact, sales and escrows slowed further. National number reflect a similar trend. Click here to view the Institute for Luxury Home Marketing’s Housing Report dated 1/4/09. If you would like a similar report relating to any town or zip code in Marin or San Francisco, e-mail me and I will send you a pdf of the report.

[Click HERE for the rest of the report, courtesy of www.ImagineMarin.com.] 

 

Below is a chart breaking down current inventory and pending sales. 

 

 

Marin Cities & Towns	$2 Million — $4 Million		$4 Million & Up
	Active	Pending	Active	Pending
Sausalito	4	0	1	0
Belvedere	6	3	6	0
Tiburon	23	2	13	0
Mill Valley	6	1	2	0
Larkspur	2	1	0	0
Corte Madera	1	0	0	0
Kentfield	9	0	2	0
Greenbrae	0	0	0	0
Ross	1	1	5	0
San Anselmo	9	0	0	0
San Rafael	6	0	2	0
Novato	2	0	0	0

 

 

Call Kyle Frazier, Marin Realtor & CRS, Broker Associate, Frank Howard Allen Realtors of Marin, at 415/350-9440 for more luxury home market information. You can also e-mail Kyle at mailto:[email protected].

 

Marin County Real Estate Update — January 2009 (Homes For Sale & Price Ranges)

Marin County, California real estate has slowed. While largely a function of the season (Winter is generally slow), macro-economic considerations, and more stringent borrowing guidelines, I feel that the primary source of the current slowdown relates to a perception by home buyers that "now" is not a good time to buy. Nonetheless, interest rates are at ALL-TIME LOWS (the San Francisco Chronicle’s Real Estate section has noted these records lows each of the past four weeks), prices in many Marin communities and neighborhoods are well off their peaks, and there is a wide variety of home choices out there. As evidenced by the investor actvity of the past few months, "now" does have some momentum.

 

Inventory is down to 503 single family homes for sale (we had about 716 last month) in the Highway 101 corridor (this number excludes Western Marin inventory). Reports of multiple offers continue–especially on foreclosure properties. I am informed that a condo which was on the market for 2 days had 14 offers. Obviously, with the equity market in turmoil, some of the sidelined money is finding its way into Marin investment properties which bring in high rents and attract excellent tenants (and, of course, appreciation will return to the real estate market). Open houses over the past weekend were swamped, with report of 20-30 groups filing through. As noted in recent reports, I feel that pent-up demand will expose itself in the new year as hope and positivity resurfaces.

 

The graph below breaks down the current number of homes (not including condos) for sale and in escrow in Marin County’s HWY 101 corridor (e.g., Marin’s coastal communites are not included) in January 2009, along with the price ranges for each town and/or city.

 

Marin Single Family Homes For Sale

 

Some observations: There is opportunity at the entry level in Tiburon for $790,000, while Belvedere’s most affordable home is listed for $2.295 million. Mill Valley home sales seem to be moderating and poised for an upswing (note that 38% of homes in Mill Valley for sale under $800,000 are in escrow).

For a detailed executive summary providing statistics and trends relating to the Marin real estate market (or any specific zip code), please fill out the above form or call (415) 350-9440. It is always my pleasure to be of service.

Mill Valley Real Estate Market Report (January 2009 Home Sales Update)

Entering the new year, there is optimism that the Mill Valley, California real estate market will gather traction following the slowdown of late 2008. I suspect that the "undercover buyers" who have been sitting on the sidelines waiting for the "right time" to buy will make their move as new inventory hits the market and old inventory prices recalibrate (downwards). Although many buyers still believe prices may slip a bit more, many of them also appreciate the fact that interest rates have never, ever been lower (this was the 4th week in a row with record low rates)–these rates are not likely to last. Mortgage math punishes those who don’t lock in at the lowest rate possible–even if prices dipped 5%, if interest rates went up 1-point, the monthly payment would in many cases be higher. In light of the once in a lifetime low rates, surprisingly low prices, and the wide variety of home choices, I anticipate an up-tick in activity. Also, those who were fortunate enough to receive a year end bonus for 2008 (I know that quite a few San Francisco companies and law firms handed out their regular bonuses) are set to move forward on their purchases.

[For the rest of the article, courtesy of www.MillValley101.com].  

Below is a chart reflecting current activity:

 

Homes in Boyle Park and Sycamore Park continue to be in low supply and high demand. If you would like more information about neighborhoods, sales, schools, or local Mill Valley services references, just give me a call at (415) 350-9440 or e-mail me at [email protected] It is always my pleasure to be of service. 

 

San Rafael Real Estate Market Report (January 2009 Home Sales Update)

As I noted last month, San Rafael’s home sales figures remained remarkably consistent throughout the year. Until November 2008, that is. And although 28% of San Rafael listings priced under $800,000 are in escrow (still a buyer’s market), the remaining price bands are suffering further at the hand of the financial crisis. For example, in the $800,000 to $1 million range, we see just 12% of homes in escrow. Beyond that, the market is virtually flat-lining with just one home in escrow over $1 million. We can only home that the new year and all-time low interest rates shake some buyers off the fence–it does appear that banks are beginning to open their purse strings again, albeit only for those who are minimum risk borrowers.

[Click HERE for the rest of the article, courtesy of www.SanRafael101.com.]

I have an open Atrium Eichler coming on the market in the next couple of weeks. Please let me know if you know anybody who may be interested.   

 

Novato Real Estate Market Update (January 2009 Home Sales Report)

 With just 150 active listings (there were 172 homes for sale last month), Novato, California is experiencing far lower inventory levels than we have become accustomed to over the past several years. This low inventory is giving rise to some unexpected numerical results. For example, because Novato sales figures are up from last month (we had 35 sales in December 2008). The resulting absorption rate for Novato single family homes is just over 4.25–this figure represents the number of months of inventory currently available in Novato. Anything under 4 months has traditionally been considered a SELLER’S MARKET. Now, I am not saying that Novato’s real estate environment is one that favors sellers, I am just pointing out an anomaly in the numbers.

[Click HERE for the rest of the article, courtesy of Novato101.com.]