Pacific Union International – Christie’s Great Estates | Marin County, CA Luxury Home Sales (February 2011)

Pacific Union Int’l – Christie’s Great Estates | Marin County, CA Luxury Home Sales (February 2011) — In line with expectations, January 2011 luxury home sales were limited with 9 trades (there were just 6 in December 2010). Of course, many buyers, most economists, and consumer sentiment are feeling bouyant about our the economic and housing environments. Indeed, there are extraordinary opportunities available right now for buyers as pricing in the marketplace (especially for homes that have remained on the market through the Winter months) is soft and “value” is evident in virtually every segment of the luxury segment. In line with normal seasonal adjustments, the inventory of luxury homes for sale is very low — just 96 homes total on the MLS over $2 million in Marin.

Cities recording luxury home sales between $2 million and $4 million in February 2011 included: Belvedere (1), San Anselmo (1), San Rafael (1), Tiburon (1), Kentfield (3), and Ross (1). These homes averaged 116 days on market. Their average sales price was $2.521 million (roughly $807 per square foot), with an average of 3,522 square feet. Marin County’s ultra-luxury market (homes priced in the $4 million and up range) accounted for zero sales last month and there are currently zero such homes in escrow.

Note: As a member of the Top Agent Network (top 10% in Marin) and the Marin Platinum Group (Top 100 agents), I have access to a database with several dozen luxury homes not currently on the MLS, but discretely offered for sale off-market. Please contact me regarding your specific desires.

By: Kyle Frazier, Certified Luxury Home Marketing Marketing Specialist (CLHMS), Certified Residential Specialist (CRS), Broker Associate, Realtor | Christie’s Great Estates — Christie’s Great Estates. Call Kyle Frazier at 415/350-9440 for more luxury home market information in Marin County, California (the San Francisco Bay Area’s “North Bay”).