12 Best Water View Homes For Sale in Marin County

12 Best Water View Homes for Sale in Marin CountyDreaming of waking up to the tranquility of a stunning view of the San Francisco Bay every morning? You’ve come to the right place.  I have compiled a list of the 12 best water view homes for sale in Marin County.

Marin County is well known for its scenic splendor, unmatched geographical beauty and picturesque small towns with historic charm. Each of its communities offers a special and unique kind of appeal, charm and lifestyle.

TiburonBelvedere and Sausalito are where you will find extraordinary estates offering some of the most stunning water views in the entire Bay Area: properties with grand views of the Bay,  Golden Gate Bridge and/or the San Francisco skyline.

These sought after properties range in price from $14,925,000 to $5,495,000…water view properties always command a premium because absolutely nothing compares to waking up to a peaceful water view or gazing at a body of water at the end of a long day. Water provides us with a truly peaceful sense, an opportunity to decompress and rest mentally.

Whether you have your heart set on an Italian-style estate with a sandy beach and private dock, a French-style country estate, a contemporary home on the Belvedere West Shore or  Sausalito hillside, a historic estate with a deep water dock in Belvedere or have the vision to create your own little palace in a perfect Tiburon location,  you will find your dream home among these resort-like estates. Discover these stunning luxury properties, immerse yourself in the photos and videos below and prepare yourself to be mesmerized!

 

#1 – 3560 PARADISE DRIVE, TIBURON, CA 

Brand new listing! Absolutely stunning property reminiscent of an Italian Riviera estate with absolutely breathtaking water views! Completed in 2006, completely bespoke, this waterfront villa with two levels sprawls over nearly 6,700 square feet. It has three bedrooms, three full baths, one half bath plus guest quarters with a full bath. The living & dining areas open to multiple terraces surrounded by stunning established gardens cascading to Tiburons eastern shore. Direct access to a beautiful sandy beach & private pier. Billiard room, library, & rustic wine cellar with tasting room. Architectural highlights abound with 17th- 18th century gorgeous antique finishes throughout. Offered at $12,900,000.

Click here for more information on 3560 Paradise Drive.

Click here to watch the video for 3560 Paradise Drive.

 

12 Best Water View Homes For Sale in Marin County

12 Best Water View Homes For Sale in Marin County

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

 

#2 – 80 ALCATRAZ AVENUE, BELVEDERE, CA 

Available for the 1st time in a lifetime, this crown jewel of Corinthian Island is one of Belvedere’s most iconic estates. Historical significance, walk to town location, South-facing orientation, gracious Mediterranean architecture, fine period details, and stately presence all come together to distinguish this estate as one of Belvedere’s most treasured properties. Perfectly sited atop Corinthian Island, the property boasts unparalleled 270-degre views. Offered at $10,500,000.

Click here for more information on 80 Alcatraz Avenue 

Click here to watch the video for 80 Alcatraz Avenue.

 

12 Best Water View Homes For Sale in Marin County

12 Best Water View Homes For Sale in Marin County

Listed by Alix Fagersten – Decker Bullock Sotheby’s International Realty

 

#3 – 41 WEST SHORE, BELVEDERE, CA 

This stunning modern showcase home enjoys an ideal waterfront location on Belvedere Island and sweeping views of San Francisco, the Golden Gate Bridge, Sausalito and Mt Tam. The lush garden entry opens to a spectacular courtyard and brilliant indoor/outdoor floor plan. Masterfully constructed in 2009 to the highest of standards, it offers ultimate resort-like living, with folding floor to ceiling glass doors that open to the serene, private courtyard, spa, patio and private boat dock. Located on coveted West Shore Rd. Offered at $8,350,000.

Click here for more information on 41 West Shore. 

 

12 Best Water View Homes For Sale in Marin County

12 Best Water View Homes For Sale in Marin County

Listed by Kara Warrin/Max Applegarth, Sotheby’s International Realty

 

#4 – 35 BELVEDERE AVENUE, BELVEDERE, CA

This romantic and charming French-style country estate was designed by the famous San Francisco architect Henry Gutterson, a peer of Albert Farr and Willis Polk, for this specific 30,000± sq. ft. parcel on Belvedere Island’s premier, sunny West Side. The extremely private and gated property is reminiscent of the South of France, with lush gardens, brick and stone terraces, a natural stream, stone patio and fireplace, level lawn, and large entertaining patios and decks, all opening to the sweeping Bay views, San Francisco, the Golden Gate Bridge, Sausalito and Mt. Tamalpais. The living room boasts vaulted ceiling, and opens to a spectacular view-side terrace. A separate dining room with hand leaded glass windows overlooks gardens and the Sausalito Yacht Harbor; a uniquely custom-crafted kitchen and adjoining family area with raised-hearth brick fireplace and access through the brick archway to an intimate brick patio, ideal for quiet outdoor dining. Gracious master Suite with sitting area, fireplace, bath with jet tub, shower, view-side balcony. Study & 3 additional en-suite beds. Separate charming 1 bed/1 bath carriage house with kitchen. Three car garage. Offered at  $7,995,000.

Click here for more information on 35 Belvedere Avenue.

Click here to watch the video for 35 Belvedere Avenue.

 

12 Best Water View Homes For Sale in Marin County

12 Best Water View Homes For Sale in Marin County

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

 

#5 – 320 BELVEDERE AVENUE, BELVEDERE, CA 

Situated on Belvedere’s most exclusive street on the sunny West Shore, this outstanding view home offers five bedrooms, three and a half bathrooms, four marble fireplaces, spectacular view decks off the main floor and other rooms, an elevator to 3 floors including the 2 car garage. The location at the end of a private driveway offers ample privacy. Breathtaking views of the Golden Gate Bridge, the San Francisco skyline and the Bay. Offered at $5,500,000.

Click here for more information on 320 Belvedere Ave.

Click here to watch the video for 320 Belvedere Ave.

 

320 Belvedere Avenue, Belvedere, CA

12 Best Water View Homes For Sale in Marin County

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

 

#6 – 480 RIDGE ROAD, TIBURON, CA

The promontory at Tiburon… Perhaps the preeminent location on the Tiburon headlands, with vistas east, south and west, along with the opportunity for you to create your own personal masterpiece. Today, experience the privacy and panoramic views from your three-bedroom, two-bath home that radiates with fine interior finishes and details while incubating your vision for tomorrow. Offered at $5,495,000.

Click here for more information about 480 Ridge Road.

Click here to watch the video for 480 Ridge.

 

12 Best Water View Homes For Sale in Marin County

12 Best Water View Homes For Sale in Marin County

Listed by Jim Fraser, Pacific Union International

 

#7  – 3 VIA PARAISO WEST, TIBURON, CA – $14,925,000

This spectacular modern 5 bed, 7 bath estate close to downtown Tiburon is reminiscent of a Wine Country resort. The property includes 1.25 acres of tableland with breathtaking panoramic views of SF Bay, from the Golden Gate Bridge to Mt. Tamalpais, a custom-designed 8500 sq ft home (counting 4 car attached garage,) full tennis court, and 60′ infinity pool and spa. The ultimate private retreat within minutes of one of the world’s great cities.  Offered at $14,925,000. Click here for more information on 3 Via Paraiso West.

Click here fore more information on 3 Via Paraiso W.

Click here to watch the video.

 

12 Best Water View Homes For Sale in Marin County

12 Best Water View Homes For Sale in Marin County

Listed by Bill Smith & Ann Aylwin, Pacific Union International

 

#8 –  9 AUDREY COURT, TIBURON

This magnificent one level home is perfectly sited on a mostly level lot with world class views of Golden Gate Bridge, San Francisco, Bay Bridge, Sausalito and the Bay. Level lawns adorn both the front & backyard, and the fabulous kitchen with limestone counters, spacious family room with fireplace opening to the level backyard with a beautiful pool and luxurious master suite with fireplace and his-and-hers baths come together to make this your perfect retreat. Offered at $5,650,000.

Click here for more information on 9 Audrey Court.

Click here to watch the video for 9 Audrey Court.

 

12 Best Water View Homes For Sale in Marin County

12 Best Water View Homes For Sale in Marin County

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

 

#9 – 1 PLACE MOULIN, TIBURON

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. Offered at  $11,950,000.

Click here for more information about 1 Place Moulin.

Click here to watch the video for 1 Place Moulin,

 

12 Best Water View Homes For Sale in Marin County

12 Best Water View Homes For Sale in Marin County

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

 

#10 – 40 ALEXANDER AVENUE, SAUSALITO, CA 

180 degree views -Luxury 4,000 square foot single family waterfront home with four bedrooms, four bathrooms.  Media Room; Loft; Wine Cellar; Great Room; slate decks; elevator; Master with his & hers closets +Office; Laundry room; storage; en suite bedrooms with Hospitality rm; beach level with fire pit; house remodeled 2005-2008 with high-end finishes and smart house technology; close to Golden Gate Bridge and down town Sausalito…very rare offering. Offered at $5,495,000.

Click here for more information about 40 Alexander Avenue.

Click here to watch the video for 40 Alexander Avenue. 

 

12 Best Water View Homes For Sale in Marin County

12 Best Water View Homes For Sale in Marin County

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

 

#11 – 19 TOYON LANE, SAUSALITO, CA – $5,500,000

Stunning light-filled five bedroom four and a half bath contemporary home with floor-to-ceiling windows, dramatic folding glass wall, indoor-outdoor areas, unobstructed views of Sausalito Bay, Belvedere & Tiburon! This entirely rebuilt luxury residence offers the convenience of an elevator, Two car garage with private driveway, open concept floor plan, ultra-luxurious Master Suite, gourmet kitchen, extraordinary design & outstanding construction quality sited on an exceptionally large lot and more! Offered at $5,500,000.

Click here for more information on 19 Toyon Lane. 
12 Best Water View Homes For Sale in Marin County

12 Best Water View Homes For Sale in Marin County

 

#12- 600 SEMINARY DRIVE, MILL VALLEY, CA

This gated, private waterfront estate with breathtaking views of the Bay, Sausalito coastline & Marin headlands is situated on the coveted Seminary cove. Sited over one half acre, the exquisite grounds offer indoor/outdoor living with outdoor kitchen, private terraces, large level lawn, lush mature landscape, terraced gardens and a private outdoor spa. This stunning custom designed home features the highest quality and finishes; Large balcony overlooking the bay; three car garage. Offered at $5,600,000.

Click here for more information on 600 Seminary Drive.

Click here to watch the video for 600 Seminary Drive.

 

12 Best Water View Homes For Sale in Marin County

12 Best Water View Homes For Sale in Marin County

 

I hope you enjoyed my little tour of the 12 best water views homes for sale in Marin County in my opinion. If you would like to find out more information about any of the above stunning properties, or schedule a showing, feel free to contact me.

As a top Marin real estate agent I am always eager to work with you to accomplish your real estate goals. Whether you are interested in buying, selling, or just learning more about the market, I am happy to help.


About the Author: The above article on the 12 Best Water View Homes for Sale In Marin County 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.

 

 

 

 

 


5 Things You Need to Know to Rock Your Drought Tolerant Garden

Five Things You Need to Know to Rock your Drought Tolerant garden.

5 Things You Need to Know to Rock Your Drought Tolerant Garden

Did you hear? In the wake of the abundant El Nino rains we have enjoyed in the Bay Area this year, California State regulators have approved new conservation water rules that, for some parts of the state, will loosen the strict savings requirements that Gov. Jerry Brown imposed a year ago. That’s great news, isn’t it? But let’s not get carried away: it does not mean we should go back to our water wasting ways of yesteryear. We might not know when we will again experience severe drought conditions in California, but it is a given that we will sooner or later.

With a growing desire to conserve water and increasing pressure to adopt environmentally conscious practices, I have noticed that Marin County homeowners are increasingly looking for solutions to trim down their water bills, regardless of the mandatory restrictions. While we all continue to conserve water in our everyday life (Click here for Four Easy Ways to Reduce Your Water Consumption in Marin County,) we should also strive to save water in our outdoor areas.

5 Things You Need to Know to Rock Your Drought Tolerant Garden Creating a rainwater collecting and storage system is one of the best way to trim our water bills, provided it is raining of course! Check out this article that offers step by step instruction to create a rain harvesting system.

In addition to collecting rain water, here are five things you need to know to rock your drought tolerant garden and start saving water.

1. START BY MAKING A PLAN

Before you take any drastic measures, start by making a plan. Your success will depend on a well executed strategy:

  • First, you don’t have to totally forgo plants that require a lot of water to reduce your water consumption. I could not let go of my roses, could you? And keeping some lawn, especially in your backyard, is
    5 things you need to know to rock your drought tolerant garden
    Gorgeous artificial lawn in Ross estate’s garden

    very important for the resale value of your property. There are excellent artificial lawns, but if you decide to go that route, do your research first, as some heat up a lot in the summer and are of poor quality.

  • Create a site plan that groups plants according to similar sun exposure and watering needs: When designing your landscape, first take sun and wind exposure into consideration. Group plants that require more water together. Strive for three basic divisions:
    • Very low water zone
    • Low water zone
    • Moderate to high water zone
  • Find out what type of soil you have in your garden, before you rush to the nursery: This is a key step because different plants thrive in a variety of soils. For example, it is crucial for succulents to be planted in well draining soil. Other plants may do well in different types of soil, but the amount of water a plant will actually require is greatly dependent on what type of soil it is planted in. For example, a clay based soil will hold water longer than a sandy soil, therefore planting in sandy soil will require you to water more often. You can either ask your gardener or landscape architect if you have one, or just bring a sample to your local nursery to ask them to analyze your soil and recommend which plants are suitable for it, or how to amend it.

2. CREATE AN EFFICIENT IRRIGATION SYSTEM

Each area of your garden should be irrigated separately, depending on the water needs of the plants living in it, and the amount of water delivered adjusted accordingly. Unless you like, and have the time, to hand water your garden, a good irrigation system on a timer is a must. And remember that all irrigation systems were not created equal when it comes to their water-saving efficiency. The least efficient system is the sprinkler, which delivers a large amount of water in a short period, but loses excessive amounts of moisture to evaporation. Sprinklers are the only choice for turf areas, however. Low-volume drip systems deliver moisture over a long period, losing little water to evaporation or runoff. Make sure to check all systems regularly, at least every spring when you turn it on, as an improperly calibrated, clogged or leaking system can waste a great deal of water.

You may need to adjust your scheduled irrigation system during hot weather spells or periods of sustained heavy fog. Keep an eye on your plants during these times: waiting until they are wilted will create stress and over watering will result in root rot.  The best time to water is in the morning when water can evaporate with the sun. Watch the video below for great tips on the best way to water your garden.

To reduce water usage, use mulch: Spreading mulch over your garden soil helps the soil hold moisture and as a bonus it controls weeds. Shredded bark is one of the best mulch types to use.

 3. DON’T FORGET TO INCLUDE “HARDSCAPE” ELEMENTS IN YOUR PLAN: 

When eliminating thirsty blooming plants, add interest with showy “hardscape” elements, such as an oversize boulder or several small ones, a birdbath or garden sculptures. They will anchor your landscape and help you create a focus point for each of your different “outdoor rooms.”

You may also want to consider “softer” hardscaping for your little patch of paradise: a path made of gravel or crushed granite instead of mortared and grouted stone is pleasing to the eye and easy on the budget as well. These pathways made out of a permeable material, instead of non-porous concrete, allow soil to absorb some water before it runs off. A good compromise is to use pavers or flag stones, leaving gaps between pavers to allow water to soak in the ground below.

4. EMBRACE SUCCULENTS AND CACTI

5 Things You Need to Know to Rock Your Drought Tolerant Garden Succulents and cacti use water very efficiently, storing it in their thickened, fleshy parts, and can survive in hot and dry environments, making them the perfect candidate for your water efficient garden. They are easy to take care of, and look great in pots, planters and rocky gardens. No wonder they are so popular! I love them! They thrive in my garden in Marin County and are perfect for our climate in the Bay Area. You can opt for a more arid, minimalist look with cacti and gravel, or a lush palette of succulents of different colors, shapes and texture. Visit my Pinterest Succulent Board for advice on:

  • how to create a succulent vertical garden
  • how to propagate succulents from cuttings (so easy!)
  • how to care for succulents, both outdoors and indoors in the winter
  • how to add color to your garden with succulents
  • great design inspiration from beautiful pictures.

As mentioned above, succulents require well draining soil. Here is why: succulent roots do not get water from direct contact. Rather, they absorb the water molecules in the air. This is why having a succulent sitting in sopping wet soil is so problematic and makes the plant rot.

Here is an excellent article that will walk you through how to make your own well draining soil for your succulents.


5. AMP UP THE COLOR WITH WATER WISE PERENNIALS AND ANNUALS

As much as I love succulents and cacti, I also want vivid, brilliant colors in my landscape. You can amp up the color with both perennial and annual water wise plants.

  • PERENNIALS:

Here is a great example of a stunning landscape with perennial drought resistant plants that will add great visual interest to your yard through their different colors, textures, shapes and heights.

5 Things You Need to Know to Rock Your Drought Tolerant Garden

1 – Butterfly Bush Miss Ruby (Buddleia)
2 – Maiden Grass Morning Light (Miscanthus sinensis)
3 – Red Hot Poker (Kniphofia)
4 – Russian Sage (Perovskia atriplicifolia)
5 – New England Aster Purple Dome (Aster novae-angliae)
6 – Blanket Flower Oranges and Lemons (Gaillardia)
7 – Daylily Pardon Me (Hemerocallis)
8 – Tickseed Full Moon (Coreopsis)
9 – Stonecrop Autumn Joy (Sedum)
10 – Stonecrop Dragon’s Blood (Sedum)
11 – Creeping Phlox Purple Beauty (Phlox)

You can also use other plants including lavender, other types of sage, catmint, goat’s beard, euphorbia, other ornamental grasses and lady’s mantle,

  • ANNUALS

5 Things You Need to Know to Rock Your Drought Tolerant Garden At this time of year, I get the itch to add some new plants and flowers to fill in the holes in my flower beds and planters and brighten up my backyard. Here are ten drought tolerant annuals that will do just that. As long as you give them sufficient water soon after planting, they will survive under low moisture conditions the whole summer.

1. Angelonia
2. Zinnia
3. Ornamental Pepper
4. Geranium
5. Marigold
6. Cosmo
7. Dusty Miller
8. Ornamental Kale
9. Ageratum
10. Snapdragon

For more inspiration, visit my Drought Tolerant Pinterest Board.

I hope you enjoyed this post and that it will inspire you to make your garden more water wise. Every little bit helps. You don’t have to change everything overnight, just take it one step at a time. 🙂

Feel free to contact me with any questions. I can be reached at 415-505-4789 or Sylvie@YourPieceofMarin.com.  I am happy to recommend gardeners and landscape designers who can help you make your garden more drought tolerant.

Here is additional information on drought tolerant gardens:

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.

If you are considering selling, let’s 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 info on each neighborhood that may be right for you. In the meantime, have a wonderful summer.


 

White glove service - www.YourPieceofMarin.com by Sylvie ZolezziAbout the AuthorThe above Real Estate information on 5 Things You Need to Know To Rock Your Drought Tolerant Garden was published 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. 

 


Marin County Real Estate Market Update – May 2016

Marin County Real Estate Market Update – May 2016 

MARIN COUNTY Real Estate Market Update - May 2016

WELCOME TO MY REDESIGNED MONTHLY MARKET UPDATE! I have switched things around a bit: I am now starting with the Main highlights instead of beginning with regional and national trends, which I now cover in a new section I am calling the Big Picture. The third part of the report, Marin Market by the Numbers, includes the same more detailed analysis of our market’s activity than my old reports, with charts and commentaries to dig in a little deeper. Let me know what you think.

MARIN COUNTY MARKET HIGHLIGHTS – APRIL 2016 DATA

Here we are in the second quarter of 2016! Activity in the Marin County Real Estate Market remained brisk in the month of April. Scan the main highlights for the single family home market below. If you are interested in a more detailed analysis, make yourself comfortable, grab a cup of coffee (or tea) and scroll down for The Big Picture and an in-depth analysis of our market.

  • The AVERAGE NUMBER OF ACTIVE LISTINGS increased to 328 from 277 in March.
  • The NUMBER OF NEW LISTINGS unexpectedly dipped to 213 from 274 in March, and from 298 in April 2015, a whopping 29 percent year over year decrease! Most years March, April and May are the months when we see the highest number of new listings hit the market; in 2015 April was the month with the highest number.
  • The NUMBER OF SOLD PROPERTIES jumped to 192 from 130 in March, but dropped 17 percent from 231 in April 2015.
  • The NUMBER OF PENDED PROPERTIES increased to 245 from 211 in March, but remained flat compared to last year, confirming that demand for Marin County single family homes remains very high.
  • The AVERAGE SALES PRICE increased to $1,604,000, up $168,000 from the March average, and up 2 percent from last April.
  • The MEDIAN SALES PRICE increased to $1,243,000, up $134,000 from the March average, and up 10 percent from last April.
  • The ABSORPTION RATE OF PENDED PROPERTIES dropped slightly to 74.7 percent from 76.2 percent in March, and was a tad lower than April 2015’s rate of 76.5. The absorption rate is my favorite statistic to keep my finger on the pulse of the market: it represents the percentage of homes for sale that went into contract during the course of the month. Looking at the data for pended properties gives a true picture of what is happening NOW. The absorption rate of sold properties gives a picture of what happened in the past two months as it typically takes 30-45 days for transactions to close.

Marin County Real Estate Market Update - May 2016

 

THE BIG PICTURE – NATIONAL AND REGIONAL MARKET DRIVERS

The National Economy

According to a recent Wall Street Journal article, the U.S. stock market has partially recovered from its swoon earlier this year and the most recent report on the jobs market showed the economy added 242,000 jobs in February. So, has the risk of recession passed? The odds are double what they were last summer according to about 72% of economists in a Wall Street Journal survey who see economic risks currently weighted to the downside. Nearly all of them blame the strong dollar, slow foreign growth and tightening financial conditions for their pessimistic forecast. Global risks to growth are considered by most to present the largest downside risks to the U.S economy as they significantly challenge exports. The financial market volatility is causing companies to be more shy when it comes to hiring and capital spending.

The Bay Area Economy

Here in the Bay Area, our local economy is exceptionally robust. Unemployment stands at historically low levels of 3.3% in San Francisco. We are ranked number one in job growth nationwide. However, rumors have been circulating of a possible bubble in tech valuations, raising concern about our economy’s continued health. The good news is that San Francisco’s biggest economic sector still remains tourism and travel. Did you know the San Francisco International Airport is the fastest-growing airport in the US?

Low Inventory is Still a Challenge

Despite the economic uncertainty, demand for real estate remains very high throughout the country, and limited inventory continues to pose a challenge. In the Bay Area, with limited new construction due to land constraints, the problem with lack of inventory is even more exacerbated. Marin continues to attract many buyers attracted by our relatively lower prices, natural beauty, amazing weather, top rated schools, and easy commute to San Francisco.

Are We Entering Another Real Estate Bubble?

There have been questions about a potential real estate bubble as our market has been exhibiting many of the same trends as the pre-crash market of last decade. Take a look at the chart below documenting the parallel in the rocket like price run-up that occurred from 2003-2008 and in 2013-2015.

Marin County Real Estate Market Update - May 2016

Chart courtesy of Marin County Association of Realtors

The main, and hugely important, difference between then and now is that mortgage lenders aren’t approving loans like a dentist handing out toothbrushes. While lending standards have been relaxed a little, they remain much tighter than they were before the mid-2000’s bubble began inflating, and apparently qualified buyers are still complaining about getting shut out of the real estate market today.

In Marin County, despite the great number of multiple offers, I am also noticing that buyers are much more value conscious than they were ten years ago. I am seeing some push back from buyers as witnessed by an increasing number of price reductions on overpriced listings.

No one has a crystal ball, but as I am seeing our market cooling off and price increases slowing down, and I am optimistic that we will have a soft lending. I am happy to say that Warren Buffet seems to agree with me and is saying there is no real estate bubble.

Mortgage Rates Are Awesome!

Mortgage rates remain at historically low levels and last week hit the lowest point in three yearsAccording to Freddie Mac’s Deputy Chief Economist Len Kiefer, “Lower rates are helping to support home buyer bigstock-Real-Estate-Mortgage-Loan-Docu-4240466[1] (640x427)affordability across the country, for the moment outweighing the impact of higher house prices.”

Sean Becketti, Freddie Mac’s Chief Economist, shares his optimism and is much more hopeful about the impact of low inventory on the market than Lawrence Yun: “Low mortgage rates, robust job growth, and a gradual increase in housing supply will help drive housing markets forward,” Becketti said. “Low levels of inventory for-sale and for-rent and declining housing affordability will be major challenges, but on balance the nation’s housing markets should sustain their momentum from 2015 into 2016 and 2017.”

 

MARIN MARKET BY THE NUMBERS

Home Sales and Market Activity by Price

The $1 to $2 million market segment remained the most active in Marin County with 79 sales in April. The under $1 million market segment followed closely with 67 sales. There was an increase of active homes priced between $3 – $4 million, at 35, up from 26 active listings in March. More homes were sold at every price point except $10 million and above, compared to March levels, for a total of 259 sold properties.

Marin County Real Estate Market Update - May 2016

 

Average and Median Sale Price

The average sale price  in Marin County for single family homes increased to $1,603,991, up $168,000 from March averages. The median price was up $123,000, to $1,232,000. The median price is that number where half the sales prices are higher and half are lower and it can often provide a better idea of where the middle of the market actually lies, because it is not affected by either unusually very high or very low sales in the same way the average price can be.

There was also a slight increase in average listing price to just above $2 million.

Marin County Real Estate Market Update - May 2016

Number for Sale and Sold

Inventory in Marin County continues to seasonally rise following a steady trend upward from January lows. April saw double the inventory levels compared to that low, at 328 active listings. The number of homes sold in April also increased, from 130 in March to 192. Due to inventory constraints, single family home sales in April were roughly 30% lower the same month last year.

The inventory in Marin is lower than at any time in the previous 10 years; about 70% of last year and 60% of the same period one decade ago.

Marin County Real Estate Market Update - May 2016

Homes in Contract by Area

Fairfax and Corte Madera led Marin County in April for the highest percentage of single family homes in contract at 65% and 75%, respectively. Greenbrae, at 44%, saw the highest increase in homes under contract compared to March levels, at 20%. Larkspur had the greatest decrease in homes in contract at 33%, just half of March’s 67%. Kentfield, Belvedere and San Rafael also had strong month-over-month increases.

Marin County Real Estate Market Update - May 2016

 

Home Sales in Marin by Area

San Rafael and Novato continued to see the highest number of homes sold at 43 and 33, respectively. Mill Valley showed the greatest increase in homes sold at 33, more than double the number sold in March, which was 12. Tiburon, San Anselmo and West Marin also recorded month-on-month increases in number of homes sold.

Marin County Real Estate Market Update - May 2016

 

I hope you enjoyed this report and that it helped you understand what is happening in our real estate market. Unless otherwise indicated, charts were prepared by the Decker Bullock Sotheby’s International Realty marketing team.

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 Update – May 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.