Marin County Real Estate market update for February 2016

Marin County Real Estate Market Update – February 2016

MARIN COUNTY REAL ESTATE MARKET UPDATE – FEBRUARY 2016

Marin County Real Estate market update for February 2016
The Belvedere Lagoon viewed from Red Hill Circle in Tiburon – I took this photo today while on brokers’ tour.

 

California’s existing home sales in February posted their strongest performance in three years as year-over-year sales recovered from escrow closings in the fourth quarter of  2015 delayed because of the new TRID regulations. Year-over-year sales increased in the state’s major regions, including the San Francisco Bay Area at 6.8 percent.

On the subject of the San Francisco Bay Area real estate market, it seems to maintain the same pattern as last year, with high demand and low inventory. The decline in stock values and its effect on consumer confidence seems to be no match for the continued pent-up demand. The low interest rates are also encouraging buyers to jump in this spring.

Realtor.com’s chief economist conducted a study of the popular site’s data to find out which area in the country has the best availability (good for buyers) and the highest demand (good for sellers), He used the number of listing views by market as an indicator of demand and median days on market as an indicator of supply. He used the results of this analysis to identify the 20 hottest real estate markets in the country—where listings are viewed two to five times more often than the national average, and homes move off the market 44 to 78 days more quickly than elsewhere in the U.S.

And yes, you guessed it: San Francisco sits at No.1 for the fourth month in a row, and markets like Denver, San Jose, and Dallas continue their uninterrupted upward climb.

 

Marin County Real Estate Market Update for February 2016

In Marin County, February’s inventory of homes for sale remained historically low at 206, though improved from a 10-year low in January. Despite the increase month over month, the number of homes for sale was down 34 percent year over year, and just 21 percent of 2007’s record. This lack of inventory coupled with buyer demand is expected to result in increases in average sale prices as we approach the busy spring season. In February, the average sales price was 12 percent higher than in February last year.

161 new listings have already come on the market since the beginning of March, bringing the current inventory today to 310, which is still very low. Sellers, if you are tempted to sit tight and wait until buyers’ desperation reaches its peak, consider this Realtor.com survey which found that “80% of sellers intend to go on and buy another home. That means that [you], too, need to get ahead of the competition in the market. It’s the real estate circle of life!”

 

HOME SALES BY AREA

Marin County Real Estate Market Update for February 2016

The number of homes sold in Marin County in February increased slightly to 93, from 89 in January. Mill Valley, Sausalito, Tiburon and San Anselmo home sales dropped to nearly half their January levels, while Novato and San Rafael showed the highest number of homes sold at 29 and 20, respectively.

 

HOME SALES AND MARKET ACTIVITY BY PRICE POINT

Marin County Real Estate Market Update for February 2016

The luxury market, which was very buoyant in 2015, was slow this February with only 10 sales of properties priced over $2 million, while inventory in that price segment stood at 84, and 15 properties went into escrow. The $1 to $2 million price range remained the most active market in Marin County with 45 sold in February, with inventory at 74  and homes going contingent at 31. Homes under $1 million–which used to be the most active segment of our market by far– followed closely with 36 sales, while inventory was at a very low 57 homes available, and 36 went contingent.

 

PERCENT OF HOMES IN CONTRACT

Marin County Real Estate Market Update for February 2016

Larkspur led Marin County in February for the highest percentage of homes in contract at 75 percent. Novato followed with 62 percent, the Beach Cities at 44 percent and Fairfax, Greenbrae and San Rafael each maintained a healthy 40 percent. Kentfield, Ross and Belvedere saw a lower percentage of homes in contract due to the higher end nature of those markets at 22, 20 and 0 percent, respectively.

 

AVERAGE PRICE OF AVERAGE LISTING COMPARED TO AVERAGE PRICE OF HOMES SOLD

Marin County Real Estate Market Update for February 2016

In contrast to Marin County averages in January where listing prices increased and sale prices decreased, February saw a subtle decrease in average listing price and a nearly 15 percent increase in sale price. The increase in sale price represents a turning point in the slightly downward trend that began last October, and is the result of the increasingly low inventory.

 

NUMBER OF HOMES LISTED AND SOLD

Marin County Real Estate Market Update for February 2016

Inventory increased 25 percent from January as we moved into the nascent stage of listing season, though levels are 30 percent below the same month last year. The number of homes sold in February was nearly the same as January and slightly below the same month last year.

If you are considering selling, let’s meet to discuss how the numbers above have affected your neighborhood’s values and strategize on how to prepare and price your home for maximum returns. If it’s time to buy, let me know so I can give you the inside scoop on each neighborhood that may be right for you.

 


White glove service - www.YourPieceofMarin.com by Sylvie ZolezziAbout the Author: The above Marin County Real Estate Market Report – February 2016 was provided by Sylvie Zolezzi. I am an award winning, top producing Realtor specializing in luxury residential real estate in beautiful Marin County, just north of the Golden Gate Bridge.

I offer a wide range of innovative and comprehensive real estate solutions for buyers, sellers and investors, attracting clients who demand excellence—in marketing, negotiations, market knowledge—and a genuine concern for their needs. My association with Decker Bullock Sotheby’s International Realty allows me to provide a high-end luxury experience to all my clients at every single price point. It also empowers me to leverage the unique combination of Sotheby’s global resources, Decker Bullock Sotheby’s International Realty’s growing market share and local knowledge with my unmatched social media networks to provide highly personalized service and unmatched exposure to my clients’ properties locally and worldwide.

I would welcome the opportunity to show you how I consistently get outstanding Real Estate results for my clients. I can be reached via email at Sylvie@YourPieceOfMarin.com or by phone/text at 415.505.4789.

 


Eleven Most Expensive Marin County Homes

Whether you could buy one these extraordinary homes today, are waiting to cash in your stock options in the near future or are hoping to win the lotto, nothing prevents you from dreaming a little, right?Follow me on this digital tour of the eleven most expensive Marin County homes currently available on the market, with prices ranging from $20,000,000 to $6,995,000. Not only are these homes all spectacular in their own way, but they also boast stunningly beautiful gardens and pools and command some of Marin County most jaw-dropping views. Whether you fancy contemporary or more traditional architecture, a beach home, a ranch, or a grand estate with acreage and privacy, I have what you are looking for.

Click on each photo to see the full photo gallery for that property. Now sit back and enjoy the show.

#1 – 1 UPPER ROAD, ROSS, CA –  $20,000,000. 

Eleven Most Expensive Marin County Homes

The finest residence in Ross, this grand estate overlooks the extensive 3.05 acre grounds with two guests houses, tennis court, pool & pool house, seven-car garage, two gated entries, redwood grove, huge level lawns, waterfalls, various terraces and seating areas, spread among beautiful gardens. Extensive renovation were completed in 2012. Systems were updated and the interior design was given a timeless look by Paul Wiseman. A rare grand estate with utmost privacy! Click here for more details.

Listed by Olivia Decker, Decker Bullock Sotheby’s International Realty. 

#2. 185 GILMARTIN DRIVE, TIBURON,CA – $12,900,000.

 

Eleven Most Expensive Marin County Homes

Resort like living in a gated, private, newly-refinished residence with captivating views for the tennis player and car buff. Enjoy elegant living in the expansive main house encompassing five bedrooms, five full and three half baths, a recreation/media room, wine cellar, elevator, foyer with grand staircase, formal living and dining room, library, kitchen/family area, master suite with lounge and fireplace. The separate guest house with kitchenette has two levels, one bedroom, one and a half baths,  and a separate one bedroom, one bath au-pair apartment. A stunning curved pool with spa, sauna and steam room, a tennis court, large level lawns and a four car garage are some of the amenities of this outstanding estate. Click here for more details.

Listed by Bill Bullock/Lydia Sarkissian, Decker Bullock Sotheby’s International Realty. 

#3. 1 PLACE MOULIN, TIBURON – $11,950,000

Eleven Most Expensive Marin County Homes

On top of the world is how you will feel when you step into this Mediterranean Masterpiece. 360 degrees of bay area bliss that only experience can describe or deliver. Perched on one of Tiburon’s highest peaks, this six-bedroom, eight baths architecturally stunning property was created for a unique buyer that can appreciate the sophisticated elegance that only a few Bay Area homes can capture. Click here for more details. 

Listed by Kouros Tavakoli, Decker Bullock Sotheby’s International Realty

#4. 10000 POINT REYES PETALUMA ROAD, NICASIO, CA – 

Eleven Most Expensive Marin County Homes

Here is your once in a lifetime opportunity to own 1000+ acres of extraordinary ranch land just 45 minutes from San Francisco, and 6 miles from Pt Reyes. This exceptional property offers an elegant main house, a charming guest house, a caretaker’s house, two barns, an outstanding pro horse arena, a seven acre ft spring fed pond, an orchard, impressive veggie garden, miles of trails & much more. Ample water allows many options besides cattle that now graze the fertile land. Perfect for the gentleman farmer. Click here for more details.

Listed by Judy M. Smith, Decker Bullock Sotheby’s International Realty

#5. 266 SEADRIFT ROAD, STINSON BEACH, CA – $9,950,000

Eleven Most Expensive Marin County Homes

How would you like to spend the night in this master suite with fireplace and step outside to the beach upon awakening? Here is a rare opportunity to own a spectacular beachfront home on 2 lots with views throughout of the Pacific and City foothills. Live on the beach or enjoy the protected courtyard with views, a fireplace and hot tub. The master suite includes outlooks, an office and exercise room, a luxurious master bath with two vanities, walk-in shower. Add a gorgeous open kitchen and four guest bedrooms and you have a truly rare offering of an exquisite home on two prime beachfront lots with uncommon privacy. This one is for the beach lover. Click here for more details.

Listed by Sarah Butler, Oceanic Realty and Gloria Smith, Sotheby’s International Realty. 

#6. 12 TARA HILL ROAD, TIBURON, CA – $9,495,000

Eleven Most Expensive Marin County Homes

Welcome to Villa Tara, an extraordinary Santa Barbara Style Estate with breathtaking views of the San Francisco skyline, Bay Bridge, as well as the Golden Gate Bridge & Belvedere Island. Amenities include: circular driveway leading to a grand entry courtyard, formal living room, expansive ceilings, stone fireplace, walnut floors. Gourmet kitchen with center island & adjacent dining areas, a Master Suite which includes a  luxurious bath & two walk-in closets. Club room, cabana pool/spa. Click here for more details.

Listed by Tami Gendel, Bay Property Group. 

#7. 128 WINDING WAY, ROSS, CA – $8,875,000

Eleven Most Expensive Marin County Homes

Having recently undergone an exquisite, Architectural Digest-worthy renovation, this Maybeck-influenced home-plus guest cottage-retains its authentic character while reflecting a European sensibility with a distinctly California vibe. The forever views are reminiscent of a wine country estate, yet it is just minutes north of the Golden Gate Bridge and just a stone’s throw from the charming downtown of Ross and the acclaimed Ross K-8 School. Six bedrooms, five baths on a one-acre lot. I have a particular fondness for this one as I had the pleasure of being the listing agent two years ago when the current owners bought the property. It is one of the grande dames of Ross, and an absolutely exquisite home. Click here for more details.

Listed by Donna Goldman, Alain Pinel Realtors 

#8. 35 BELVEDERE AVENUE, BELVEDERE, CA – $7,995,000

Eleven Most Expensive Marin County Homes

This gated, private, French-style country estate shines with its lush gardens & jaw-dropping, sweeping Bay, San Francisco, Golden Gate Bridge through Mount Tam views. The living room boasts vaulted ceilings, and opens to a wide view-side terrace. Entertain your guests in the formal dining room with garden and Sausalito Yacht Harbor views or, for more casual gatherings, in the custom Kitchen/Family area that offers access to an intimate brick patio. The Master Suite is a perfect retreat with its sitting area, fireplace, bath with jet tub, shower, and view-side balcony. The property also includes a study & three additional en-suite bedrooms and a separate charming 1 bed/1 bath carriage house with kitchen and a three-car car garage. This one is for the romantic in you. Click here for more details.

Listed by Bill Bullock/Lydia Sarkissian, Decker Bullock Sotheby’s International Realty

#9. 116 Elinor Avenue, Mill Valley, CA – $7,299,000

Eleven Most Expensive Marin County Homes

The Sherman Estate is Mill Valley’s most coveted property – a spacious and level, indoor-outdoor estate (4/5th acre) with great weather and panoramic views of downtown San Francisco, the Bay Bridge and Mt Tam. Imagine hosting friends poolside and lounging atop Bluestone terraces watching the sunset after a long day’s work. A+ layout- entertainer’s dream with dining/living great room, restored chef’s kitchen, and incredible master suite with private view deck. Click here for more details.

Listed by Alexander Lurie, KW Peninsula Estates and David Pemstein, Climb Real Estate

#10 – 408 GOLDEN GATE AVENUE, BELVEDERE, CA – $6,995,000

Eleven Most Expensive Marin County Homes

This superbly designed contemporary home with a dramatic all-glass curved tower with a spiral staircase lets ample light and stunning San Francisco Bay views in. Enjoy the open floor plan with the combined dining, family & kitchen areas with a fireplace, view-side terrace and patio. The bedroom level has master suite with an elegant bath, soaking tub and bay view, and two additional en-suite bedrooms. The rec. room with wet bar, opens to a sparkling solar-heated pool and patio. The gardens are beautifully landscaped and include level lawns. Additional one bed, one bath apartment. Two car garage. For the lover of contemporary architecture. Click here for more details.

Listed by Bill Bullock/Lydia Sarkissian and Max Applegarth, Decker Bullock Sotheby’s International Realty

#11. 201 LINDEN LANE, SAN RAFAEL – $6,995,000

Eleven Most Expensive Marin County Homes

The magnificent two-acre gated estate known as Deer Crossing was designed in 1906 to entertain on a grand scale and sits on a prominent hill overlooking Dominican and Mount Tamalpais. The gabled estate house is approached by two gated street entries. The large motor court-terrace and six car garage provide ample space for events or for the enthusiastic collector. Spectacular gardens, walker’s paradise steps from Dominican schools, commuter connections & open-space. For the gardener and car enthusiast. Click here for more details.

Listed by Olivia Decker, Decker Bullock Sotheby’s International Realty

Feel free to contact me for a showing or with any questions. If it’s time to buy, whether one of these multi million property or any other Marin County home, I would love to assist you. Let me know so that I can give you the inside scoop on each neighborhood that may be right for you. Please call or text me at 415-505-4789 – I am always happy to chat!



 

About the Author: The above article on the Eleven Most Expensive Marin County Homes was written by Sylvie Zolezzi. I am an award winning, top producing Realtor specializing in luxury residential real estate in beautiful Marin County, just north of the Golden Gate Bridge.

I offer a wide range of innovative and comprehensive real estate solutions for buyers, sellers and investors, attracting clients who demand excellence—in marketing, negotiations, market knowledge—and a genuine concern for their needs. My association with Decker Bullock Sotheby’s International Realty allows me to provide a high-end luxury experience to all my clients at every single price point. It also empowers me to leverage the unique combination of Sotheby’s global resources, Decker Bullock Sotheby’s International Realty’s growing market share and local knowledge with my unmatched social media networks to provide highly personalized service and unmatched exposure to my clients’ properties locally and worldwide.

I would welcome the opportunity to show you how I consistently get outstanding Real Estate results for my clients. I can be reached via email at Sylvie@YourPieceOfMarin.com or by phone/text at 415.505.4789.