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Pacific Union International | Novato Real Estate Market Update (April 2014 Novato Home Sales Report)

April 19, 2014

Pacific Union International | Novato Real Estate Market Update (April 2014 Novato Home Sales Report). Novato, CA., experienced 39 single family home sales in March 2014. Given the incredibly low level of inventory, this is a very strong number (I will address the absorption rate below). Buyers continue to snap up desirable homes with very strong terms. Offers on well priced homes are made quickly and decisively. The average sale price was $737K in in March 2014. Novato’s luxury sector (defined as listings over $1 million) continued its impressive performance with 4 sales. Currently, there are 18 homes in Novato under contract with a list price over $1 million (56% of such homes are in escrow).

My advice to sellers remains the same — “Get your house on the market immediately!” CALL ME if you are thinking of selling. My systems can get you on market quickly with the very best marketing available.

Novato real estate sales in March 2014 averaged 66 days on market, were about 2,061 sq. ft., and averaged roughly $375/sq. ft. Novato’s absorption rate (e.g., number of months’ inventory of homes for sale based on last month’s sales totals) is a scantly over 1-month’s worth of inventory (indeed, of the 51 single family homes actively for sale in Novato, roughly 1/2 of them came to market in the past 10 days).

[For the rest of the article, courtesy of Novato101.com, please click here]

Kyle Frazier, Pacific Union Int'l

 

Tiburon / Belvedere Home Sales & Real Estate Market Report | March 2014 | Pacific Union International

March 26, 2014

Tiburon / Belvedere Home Sales & Real Estate Market Report | March 2014 | Pacific Union International. While February is generally slow in terms of Tiburon and Belvedere home sales, Febraury 2014 was incredibly slow. In fact, Marin’s most coveted luxury home enclaves of Tiburon and Belvedere (located in Southern Marin County — just across the Golden Gate Bridge from San Francisco) recorded a mere 5 trades. While previous months began to give sellers in the ultra-luxury market sector of homes over $3 million hope that strngth was returning, sales in this elite price band were completely absent (this segment has been very slow for some time).

On the Tiburon Peninsula, homes priced below $2 million are generally considered entry level. Yet, even sales in the entry level seem to be lagging the rest of the county as a mere 38% of such homes are in escrow with 5 being actively marketed on the MLS.

Video About Tiburon & Belvedere, California By Kyle Frazier, Luxury Home Specialist, Top Agent, Pacific Union International Real Estate (Marin County Realtor, CRS, CLHMS, J.D.) | Neighborhoods, Schools, Homes For Sale, MLS, Listings, Shopping, Recreation, Real Estate Trends.

About Tiburon – Belvedere, California (Marin County Town Profile Video) from Kyle Frazier

Below are the percentages of Belvedere and Tiburon homes in escrow in each of the major price bands:

  • 38% of homes priced under $2 million;
  • 40% of homes between $2 million and $3 million;
  • 36% of homes between $3 million and $5 million;
  • 15% of homes over $5 million.

Tiburon and Belvedere homes that sold in February 2014, exhibited the following characteristics:

  • Number of Sales: 5
  • Average Days on Market: 73
  • Price: $1.7 million
  • Square Feet: 2,294
  • Price per Square Foot: $857

If you have any questions or would like a custom market analysis of your home’s current likely sales price, please call me at (415) 350-9440. My name is Kyle Frazier. I am a Top Agent, Broker, Certified Residential Specialist (CRS), and Certified Luxury Home Marketing Specialist (CLHMS) with Christie’s Great Estates | Pacific Union International Realtors.

And if you are a buyer, I am also a member of the Top Agent Network (Top 10% in Marin County) and the Marin Platinum Group (Top 100 agents in Marin County). These are elite agent networks with access to dozens of homes being marketed informally and not on the MLS. It is always my pleasure to be of service.

Kyle Frazier, Pacific Union Int'l

Mill Valley Real Estate Report (March 2014 Home Sales Update) | Pacific Union

March 25, 2014

Mill Valley Real Estate Report (March 2014 Home Sales Update) | Pacific Union. As we make our run into Mill Valley’s primary selling season, the market remains tormentd by low inventory levels across the board. Reflecting this, we had a very low number of single family home sales in February 2014 — just 17 properties sold (same as January). These homes traded on average for $1.46 million and averaged 2,095 sq. ft. (or about $690 per sq. ft.).

Comparing these numbers to past market updates, one can see a dramatic rise in both sale prices and price per foot over the past year with much of the increase taking place early in 2013. Like all towns in Marin County, California (San Francisco’s “North Bay” region), the number of Mill Valley homes sold as sellers continue to show reluctance in bringing homes to market. Multiple offer situations are quite common when it comes to fairly priced homes under $2 million. This momentum extends from the entry level (where entry level buyers are in fierce compeitiotn with investors who are very actively pursuing a purchase and rent strategy) to the luxury segment over $2 million (we had 4 homes sold in January for $2 million+ with another 6 in escrow now).

Climbing into the Spring selling season, just 42 single family homes are currently active on the market in all of Mill Valley (while up from last month, this is still low). The current absorption rate in Mill Valley remains very low — it stands at about 2.5 months (6 months is considered “balanced”).

[For the rest of this article, courtesy of MillValley101. com please click HERE]

Kyle Frazier, Pacific Union Int'l

Pacific Union San Rafael, CA Real Estate Update (March 2014 Real Estate Report)

March 25, 2014

Pacific Union San Rafael, CA Real Estate Update (March 2014 Real Estate Report). February 2014 single family home sales in San Rafael more than doubled in Fenruary, despite the short month, with 30 trades. As noted in my updates for the past year, the number of homes for sale in San Rafael is very low (as of this writing, there were just 43 homes in active status on the MLS).  San Rafael’s absorption rate remains near the lowest point in memory (I have been saying this now for months) with just over 1.5 month’s worth of homes for sale — e.g., the number of homes on the market is enough to satisfy just under a month’s worth of sales. As with much of the rest of Marin, it appears most sellers are holding out for higher prices. Nonetheless, this is an extraordinary time to sell! Eventually, we will reach an inflection point where sellers who have been holding off waiting for prices to rise will suddenly enter the market.

Averages relating to San Rafael home sales in March 2014 are as follows:

  • days on market — 109
  • sales price — $965K.
  • home size was 1,903 square feet
  • $528 per sq. ft.

Properties in Los Ranchitos, Lucas Valley Estates, Peacock Gap, The Dominican, and Sun Valley  generated the most calls and showings this past month. If you would like me to run the exact numbers for your San Rafael, CA neighborhood or if you have any questions about our many delightful communities, schools, shopping options, etc., just give me a call at (415) 350-9440. My name is Kyle Frazier. I am a Top 1% in Marin, a J.D., Broker, Realtor, Member of the Top Agent Network & Marin Platinum Group, a Certified Residential Specialist (CRS), and a Certified Luxury Home Marketing Specialist (CLHMS), with Christie’s International Real Estate | Pacific Union International. It is always my pleasure to be of service.

Kyle Frazier, Pacific Union Int'l

Tiburon / Belvedere Home Sales & Real Estate Market Report | February 2014 | Pacific Union International

February 15, 2014

Tiburon / Belvedere Home Sales & Real Estate Market Report | February 2014 | Pacific Union International. In a traditionally slow month for home sales in Marin County, the luxury home enclaves of Tiburon and Belvedere, CA (located in Southern Marin County — across the Golden Gate Bridge from San Francisco) recorded 12  trades in January 2014. The Marin County ultra-luxury market sector (we had 4 homes trade for over $5 million in Tiburon and Belvedere last month), giving sellers in this elite price band confidence in their prospects for a sale in 2014 (this segment has been very slow for some time).

On the Tiburon Peninsula, homes priced below $2 million are generally considered entry level. Even sales in the entry level seem to be lagging the rest of the county as 50% of homes are in escrow with 5 being actively marketed on the MLS.

Video About Tiburon & Belvedere, California By Kyle Frazier, Luxury Home Specialist, Top Agent, Pacific Union International Real Estate (Marin County Realtor, CRS, CLHMS, J.D.) | Neighborhoods, Schools, Homes For Sale, MLS, Listings, Shopping, Recreation, Real Estate Trends.

About Tiburon – Belvedere, California (Marin County Town Profile Video) from Kyle Frazier

Below are the percentages of Belvedere and Tiburon homes in escrow in each of the major price bands:

  • 50% of homes priced under $2 million;
  • 25% of homes between $2 million and $3 million;
  • 14% of homes between $3 million and $5 million;
  • 0% of homes over $5 million.

Tiburon and Belvedere homes that sold in February 2014, exhibited the following characteristics:

  • Number of Sales: 12
  • Average Days on Market: 347
  • Price: $3.164 million
  • Square Feet: 3,780
  • Price per Square Foot: $857

If you have any questions or would like a custom market analysis of your home’s current likely sales price, please call me at (415) 350-9440. My name is Kyle Frazier. I am a Top Agent, Broker, Certified Residential Specialist (CRS), and Certified Luxury Home Marketing Specialist (CLHMS) with Christie’s Great Estates | Pacific Union International Realtors.

And if you are a buyer, I am also a member of the Top Agent Network (Top 10% in Marin County) and the Marin Platinum Group (Top 100 agents in Marin County). These are elite agent networks with access to dozens of homes being marketed informally and not on the MLS. It is always my pleasure to be of service.

Kyle Frazier, Pacific Union Int'l

Mill Valley Real Estate Report (February 2014 Home Sales Update) | Pacific Union

February 7, 2014

Mill Valley Real Estate Report (February 2014 Home Sales Update) | Pacific Union. Our market is still vexed by very low inventory. Reflecting this, along with the typical holiday slowdown, is the reduced number of single family homes sold in Mill Valley, CA. In January 2014, 17 properties sold. These homes traded on average for $2.083 million and averaged 2,826 sq. ft. (or about $695 per sq. ft.). Comparing these numbers to past market updates, one can see a dramatic rise in both sale prices and price per foot over the past year with much of the increase taking place early in 2013. Like all towns in Marin County, California (San Francisco’s “North Bay” region), the number of Mill Valley home sales is constricted due to the fact few sellers are bringing their homes to market. Multiple offer situations are quite common when it comes to fairly priced homes under $2 million. This momentum extends from the entry level (where entry level buyers are in fierce compeitiotn with investors who are very actively pursuing a purchase and rent strategy) to the luxury segment over $2 million (we had 5 homes sold in January for $2 million+).

As noted in virtually all of my Mill Valley market reportsover the past year, the number of listings actively on the market in Mill Valley can best characterized as “extreme scarcity.” As we climb out of the slow season and approach the Spring selling season, there are a mere 20 single family homes currently active on the market in all of Mill Valley. The current absorption rate in Mill Valley is the lowest I have ever seen for any city or town in Marin — it stands at about a month (6 months is considered “balanced”).

About Mill Valley Video

Below are the percentages of homes in escrow in each of Mill Valley’s major price bands:
■71% of homes priced under $800,000;
■75% of homes between $801,000 and $1 million;
■40% of homes between $1 million and $1.5 million;
■50% of homes between $1.5 million and $2 million;
■38% of homes between $2 million and up.

Of the 17 homes that sold in January 2014:
■1 homes were priced under $800,000;
■8 homes priced from $800,000 to $1.5 million; and
■10 homes priced from $1.5 million and up.

MLS Listings in Boyle Park, Middle Ridge and Strawberry generated the most calls and showings this past month. If you would like me to run the exact numbers for your Mill Valley neighborhood or if you have any questions about Mill Valley schools or its many delightful communities, just give me a call at (415) 350-9440. My name is Kyle Frazier. I am a Top Agent, J.D., Broker, Realtor, Certified Residential Specialist (CRS), and a Certified Luxury Home Marketing Specialist (CLHMS), with Christie’s Great Estates | Pacific Union International Real Estate. It is always my pleasure to be of service.

Kyle Frazier, Pacific Union Int'l

Pacific Union San Rafael, CA Real Estate Update (February 2014 Real Estate Report)

February 6, 2014

Pacific Union San Rafael, CA Real Estate Update (February 2014 Real Estate Report). January 2014 single family home sales in San Rafael were fairly muted — we had just 14 trades, which is less than one would expect even during this traditionally slower season. As noted in my updates for the past year, the number of homes for sale in San Rafael is very low (as of this writing, there were just 35 homes in active status on the MLS).  San Rafael’s absorption rate remains near the lowest point in memory (I have been saying this now for months) with just over 2 month’s worth of homes for sale — e.g., the number of homes on the market is enough to satisfy just under a month’s worth of sales. As with much of the rest of Marin, it appears most sellers are holding out for higher prices. Nonetheless, this is an extraordinary time to sell! Eventually, we will reach an inflection point where sellers who have been holding off waiting for prices to rise will suddenly enter the market.

Averages relating to San Rafael home sales in February 2014 are as follows:

  • days on market — 73
  • sales price — $794K.
  • home size was 1,948 square feet
  • $413 per sq. ft.

Properties in Los Ranchitos, Lucas Valley Estates, Peacock Gap, The Dominican, and Sun Valley  generated the most calls and showings this past month. If you would like me to run the exact numbers for your San Rafael, CA neighborhood or if you have any questions about our many delightful communities, schools, shopping options, etc., just give me a call at (415) 350-9440. My name is Kyle Frazier. I am a Top 1% in Marin, a J.D., Broker, Realtor, Member of the Top Agent Network & Marin Platinum Group, a Certified Residential Specialist (CRS), and a Certified Luxury Home Marketing Specialist (CLHMS), with Christie’s International Real Estate | Pacific Union International. It is always my pleasure to be of service.

Tiburon / Belvedere Home Sales & Real Estate Market Report | December 2013 | Pacific Union International.

December 31, 2013

Tiburon / Belvedere Home Sales & Real Estate Market Report | December 2013 | Pacific Union International. Breaking from the recently strong sales numbers experienced by the rest of Marin County, the luxury home enclaves of Tiburon and Belvedere, CA (located in Southern Marin County — across the Golden Gate Bridge from San Francisco) recorded a mere 9 home sales in November 2013. While continued sluggishness characterizes the ultra-luxury market sector (only 0 homes sold last month over $5 million — despite the fact that nearly 1/2 of all homes for sale are priced over $5 million), sellers in this elite price band are seemingly unfazed and willing to continue testing the market as we close out the holiday season (there 25 homes on the market now in the $5 million+ price point and just one is in escrow).

On the Tiburon Peninsula, homes priced below $2 million are generally considered entry level. Even sales in the entry level seem to be lagging the rest of the county as 50% of homes are in escrow with 5 being actively marketed on the MLS. One other fact worth noting is that the average number of days on market has increased to 64 days (it was down to 28 days in May).

Video About Tiburon & Belvedere, California By Kyle Frazier, Luxury Home Specialist, Top Agent, Pacific Union International Real Estate (Marin County Realtor, CRS, CLHMS, J.D.) | Neighborhoods, Schools, Homes For Sale, MLS, Listings, Shopping, Recreation, Real Estate Trends.

About Tiburon – Belvedere, California (Marin County Town Profile Video) from Kyle Frazier

Below are the percentages of Belvedere and Tiburon homes in escrow in each of the major price bands:

  • 50% of homes priced under $2 million;
  • 55% of homes between $2 million and $3 million;
  • 14% of homes between $3 million and $5 million;
  • 7% of homes over $5 million.

Tiburon and Belvedere homes that sold in November 2013, exhibited the following characteristics:

  • Number of Sales: 9
  • Average Days on Market: 64
  • Price: $2.447 million
  • Square Feet: 3,547
  • Price per Square Foot: $702

If you have any questions or would like a custom market analysis of your home’s current likely sales price, please call me at (415) 350-9440. My name is Kyle Frazier. I am a Top Agent, Broker, Certified Residential Specialist (CRS), and Certified Luxury Home Marketing Specialist (CLHMS) with Christie’s Great Estates | Pacific Union International Realtors.

And if you are a buyer, I am also a member of the Top Agent Network (Top 10% in Marin County) and the Marin Platinum Group (Top 100 agents in Marin County). These are elite agent networks with access to dozens of homes being marketed informally and not on the MLS. It is always my pleasure to be of service.

Mill Valley Real Estate Report (December 2013 Home Sales Update) | Pacific Union | Christies

December 31, 2013

Mill Valley Real Estate Report (December 2013 Home Sales Update) | Pacific Union. Despite incredibly low inventory, the Mill Valley, CA real estate market continues to astound as the number of sold homes remains high for the season. In November 2013, 28 single family properties sold. These homes traded on average for $1.364 million and averaged 2,165 sq. ft. (or about $643 per sq. ft.). Comparing these numbers to past market updates, one can see a dramatic rise in both sale prices and price per foot over the past year with much of the increase taking place early in 2013 and leveling out beginning in June. Like all towns in Marin County, California (San Francisco’s “North Bay” region), the number of Mill Valley home sales (although still strong) is constricted due to low inventory. Indeed, there are many potential buyers are out there, but they lack homes to buy. Multiple offer situations are common when it comes to fairly priced homes under $2 million. This momentum extends from the entry level (where investors are very actively pursuing a purchase and rent strategy) to the luxury segment over $2 million as there were 5 homes sold in November 2013 over $2 million.

As noted in virtually all of my market reports thus far in 2013, the number of listings actively on the market in Mill Valley is best characterized as “extreme scarcity.” Although we are in the heart of the slow season now, there are a mere 15 single family homes currently active on the market in all of Mill Valley. The current absorption rate in Mill Valley is the lowest I have ever seen for any city or town in Marin — it stands at about 15 days (6 months is considered “balanced”).

For the rest of this report, courtesy of www.MillValley101.com, please click here. 

MLS Listings in Boyle Park, Middle Ridge and Strawberry generated the most calls and showings this past month. If you would like me to run the exact numbers for your Mill Valley neighborhood or if you have any questions about Mill Valley schools or its many delightful communities, just give me a call at (415) 350-9440. My name is Kyle Frazier. I am a Top Agent, J.D., Broker, Realtor, Certified Residential Specialist (CRS), and a Certified Luxury Home Marketing Specialist (CLHMS), with Christie’s Great Estates | Pacific Union International Real Estate. It is always my pleasure to be of service.

 

Pacific Union San Rafael, CA Real Estate Update (December 2013 Real Estate Report)

December 24, 2013

Pacific Union San Rafael, CA Real Estate Update (December 2013 Real Estate Report). Single family home sales were very strong in San Rafael — we had 45 sales in November 2013, which is far more than one would expect during this traditionally slower season. Like most the San Francisco Bay Area, the number of homes for sale in San Rafael is very low (as of this writing, there were just 36 homes in active status on the MLS).  San Rafael’s absorption rate remains near the lowest point in memory (I have been saying this now for months) with less than 1 month’s worth of homes for sale — e.g., the number of homes on the market is enough to satisfy just under a month’s worth of sales. As with much of the rest of Marin, it appears most sellers are holding out for higher prices. Nonetheless, this is an extraordinary time to sell! Eventually, we will reach an inflection point where sellers who have been holding off waiting for prices to rise will suddenly enter the market.

Averages relating to San Rafael home sales in November 2013 are as follows:

  • days on market — 64
  • sales price — $1,027 mil.
  • home size was 2,112 square feet
  • $485 per sq. ft.

Properties in Los Ranchitos, Lucas Valley Estates, Peacock Gap, The Dominican, and Sun Valley  generated the most calls and showings this past month. If you would like me to run the exact numbers for your San Rafael, CA neighborhood or if you have any questions about our many delightful communities, schools, shopping options, etc., just give me a call at (415) 350-9440. My name is Kyle Frazier. I am a Top 1% in Marin, a J.D., Broker, Realtor, Member of the Top Agent Network & Marin Platinum Group, a Certified Residential Specialist (CRS), and a Certified Luxury Home Marketing Specialist (CLHMS), with Christie’s International Real Estate | Pacific Union International. It is always my pleasure to be of service.

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