Corte Madera CA Real Estate had a very strong year in 2013 and in data-wise is a micro version of Marin County as a whole: home buyers are frustrated by "lack of inventory", despite the business cycle high 107 SFR unit sales. High unit sales and...
Kentfield buyers continue to struggle with limited inventory. Buyers will pay-up for completed homes but shy away from listings that require a major project- anything more than Kitchen, bathrooms and landscaping give buyers second thoughts on price. High-end buyers that commute into the city are...
Larkspur SFR unit sales were significantly off the pace of 2012 but not for lack of demand. Of all the towns evaluated in this newsletter, Larkspur and Greenbrae show the greatest constraint of supply. The median size home that sold last year in Larkspur was 2,302sqft,...
In an average year 465 SFR homes sell in Southern Marin, and Mill Valley accounts for 60% of those sales. This year 350 homes sold in MV, a 7-year high. Interestingly, neighborhoods fall in and out of favor- such as Middle Ridge once a preferred...
Ross and San Anselmo 2013 unit sales leapt 43% and 45% respectively above the 7-year trend. In Ross that activity is clustered squarely in the bottom 60% of the market. In San Anselmo the buying activity is focused in the bottom 80%- with a surge...
Ross, like Belvedere, is having a difficult time finding its post-recession equilibrium. Homes are currently trading about 17% below peak ’07 levels. In a typical year 30 homes sell in Ross, the same number as Belvedere. This year 43 homes sold - the most by...
The 2013 data in Belvedere is misleading. The sale of 425 Belvedere at $24.5m and 27 Bellevue at $9.5m is skewing the data so that it looks like Belvedere had a better year than it truly did. Average prices for Belvedere increased 20% from last...
Southern Marin includes the Towns of Mill Valley, Sausalito, Belvedere and Tiburon. The leap in home sales is facilitated by the strong Bay Area economy, the difficulty of placing young children in San Francisco private schools, high prices in the City, and record low mortgage rates....
Central Marin includes the towns of Corte Madera, Greenbrae, Kentfield, Ross, San Anselmo and Larkspur. Year to year swings in buyer preference between Ross and Kentfield are typical, with Ross the winner this year. The crowding of Bacich classes and the relative space in Ross School...
Sausalito had the best year of any town in Marin with strong showings in both unit sales and prices. The RESI "Discount from Peak" chart on the preceding page shows Sausalito down -11% from 2007, however if you remove Sausalito condos and focus just on...