April 5, 2012
It’s official: Pacific Union International’s sales professionals are among the most productive in the United States.
The results are in from the annual Real Trends 500 survey, which ranks the 500 largest residential real estate brokerage firms in the U.S. Pacific Union International ranked fifth nationwide in closed sales volume for its real estate professionals — and the per-associate number was an impressive $6,372,309.
This is more impressive given the fact that two of the firms in the Top 10 operate primarily in San Francisco, whereas Pacific Union operates in six Bay Area counties, several of which have average prices at about 1/2 of those of San Francisco. Congratulations to our real estate professionals and the entire Pacific Union team for an outstanding 2011! I am looking forward to an equally, if not more, impressive 2012.
In addition, we climbed five spots from last year’s nationwide list to rank at 24 in closed sales volume overall for 2011.
June 22, 2011
May 2011 was another excellent month for home sales in Novato (30 trades). It appears that this momentum is carrying into June as buyers act quickly on well-priced and/or unique opportunities. The average sales price of Novato homes has swung wildly so far this year based on the composition of sales each month — from $618K in March to $565K in April. In May, Novato’s average home sale settled in at $538,687. These homes averaged 123 days on market, were about 2,062 sq. ft., and averaged roughly $272 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 low 4.9 months’ worth of available inventory overall (149 single family homes are actively for sale in Novato). Of note is the fact that under $750K, 43% of Novato homes are IN ESCROW! Also, over the past 2 weeks, just one bank owned and/or short sale has been introduced to the market. This time last year (and in 2009), at least 1/2 of homes coming to market were bank owned or short sales — if this keeps up, prices will stiffen and bump up.
Below are the percentages of homes in escrow in each of Novato’s major price bands:
- 46% of homes priced under $500,000;
- 40% of homes between $501,000 and $750,000;
- 29% of homes between $751,000 and $1 million;
- 7% of homes between $1 million and up.
Of the 61 homes that sold in May 2011:
- 14 homes were priced under $500,000;
- 16 homes priced from $501,00 to $1 million; and
- 0 homes priced from $1 million and up.
Homes in The Landing at Hamilton Field, Breakers at Pointe Marin, Country Club, Rush Creek, and Bel Marin Keys generated the most calls and showings this past month. If you would like me to run the exact numbers for your Novato neighborhood or if you have any questions about Novato’s many delightful communities, just give me a call at (415) 350-9440. My name is Kyle Frazier. I am a 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.
The Landing at Hamilton Field — We have just reduced prices on our favorite homes (and sold another). We also have placed our 3 model homes on the market at very attractive prices. Prices now start in the mid – $700′s. Please call me at (415) 350-9440 for more information. Or visit our website at www.TheLandingNovato.com