Pacific Union International | Marin Luxury Homes Report (August 2010)
Despite the annual Summer swoon, Marin County, CA’s home sales numbers for homes priced over $2 million was strong this year.
$2 Million to $4 Million Luxury Homes
With 16 sales, Marin County again performed much better than this time last year. Buyers feel some urge to buy as overall economic and housing environments continue improving (albeit incrementally) and pricing in the marketplace increasingly suggests “value.” Inventory remains relatively low at just 124 homes actively on the market.
Cities recording July 2010 sales in this price band included: Belvedere (1), Tiburon (4), Mill Valley (6), Greenbae (1), and Kentfield (4). These homes averaged 56 days on market. Their average sales price was $2.745 million (roughly $691 per square foot), with an average of 4,056 square feet.
$4 Million & Up Ultra-Luxury Homes
The low inventory level of Marin County’s ultra-luxury market (homes priced in the $4 million and up range) continue to shrink — we have 61 homes for buyers to choose from. Just one home in this price band sold in July — a $6.9 million, 4 Bed, 7 Bath home with panoramic views of the entire Bay Area.
Note: As a member of the Marin Platinum Group, I have access to a database with several dozen luxury homes not currently offered on the MLS, but available for sale. 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 — Pacific Union International. Call Kyle Frazier at 415/350-9440 for more luxury home market information in San Francisco and Marin Counties.
Pacific Union International is the leading broker for Marin County luxury homes.