Marin County Real Estate Market Blog | Marin Market Trends

Have you seen our listing at 9 Deer Creek?  This is truly an elegant home in the exquisite community of Baywood Canyon.  Now is your chance!

We are holding a special twilight tour this week on Wednesday evening from 4-6pm.  Please stop by to enjoy the peaceful and relaxed environment in this gorgeous home and neighborhood.

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9 Deer Creek, Fairfax

This home offers the rare opportunity to live close to Fairfax and San Anselmo in a serene and natural  setting which is surrounded by the foothills of Marin.

The front of the home has a natural stone trim that hearkens back to a European feel. The interior is an ideal traditional floor plan with a formal living room, formal dining room, large sunny kitchen with updated cabinets and appliances, and a spacious

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Check out our newest listing in Sleepy Hollow in San Anselmo.

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Vintage Sleepy Hollow!

 

This is a serene and private home with large picture windows overlooking a central courtyard.  The property is on approximately a 1/2 acre lot with lawn and pool, and deep yard with fruit trees and vegetable garden.  The home has two wings with a large family room and master suite at one end and three bedrooms and two baths at the other.

 

The kitchen was remodeled and opens up to the living room and dining area.  The half bath and laundry room lead to a generous two car garage.

 

Set near the cul-de-sac at the quite end of Butterfield, this home awaits a buyer's touch.

This property will be open this week.

Thursday April 7th 11-2pm

Sunday April 10th

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We are pleased to announce our newest luxury listing: 30 Bayshore Terrace in Tiburon, CA.

30_bayshore_400This home brings the beauty of Marin into very comfortable living spaces. Distinctive, elegant and dramatic are the most effective terms that come to mind when describing this amazing home. Set on the pristine seashore of Tiburon with unobstructed water views, the Golden Gate Bridge and Sausalito, this home is breathtaking! Almost completely rebuilt in 2005, this home has attracted attention from the water front for years. The main living area is an open floor plan to maximize the play of light throughout. The kitchen is a chef’s dream with huge windows of the bayside, gorgeous custom cabinets, high end appliances and specialized lighting.

30bayshore2_400The spacious and private

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 The IRS recently ruled in the taxpayer’s favor that it will not follow a tax court ruling that limited the amount of deductible home mortgage interest to $1 million. In short, the IRS ruling allows a taxpayer to deduct mortgage interest on up to $1.1 million of debt that is used to acquire, construct, or substantially improve a primary or second home, provided there is at least $100,000 of home equity securing the loan. The IRS rejected the tax court's holding that a taxpayer must demonstrate that debt treated as home equity indebtedness was not used for acquisition purposes because the definition of "home equity indebtedness" in the tax code §163(h)(3)(C) contains no such restriction. For many years, the interpretation of the deductibility of mortgage…
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Looks like the February summer weather is over and we're back to some chilly days and intermittent showers. Our tanks are already full and the landscaping is healthy but if nothing else, the rain means snow in the mountains for all those Marin skiers and snowboarders. Healthy also seems to be the current status of the Marin current real estate market and for the most part, the outlook looks promising. We are very busy with eager buyers looking for homes while the interest rates stay low, and willing sellers who see no drastic change in current pricing and have the desire to get on with their lives. There are currently just over 1000 homes -single family and condos - on the market of which 360 are in escrow. That's a  strong percentage of homes under

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The Marin luxury home market is very much alive and well  and the outlook for the year is excellent. There are currently 286 homes on the market in Marin over $1 million at a median price of $1.795, of which 50 are already in escrow and 9 have closed.  In the over $2million range there are 116 homes at a median price of $3.82 million and 15 of those are in escrow and 5 have already closed. The median price has remained constant since last year at the same time when it jumped 25% from 2009.

What we are seeing is more well qualified buyers looking for luxury homes now that prices have come down and they realize the long term upside of a luxury home in Marin is incredible. Although financing is available and interest rates are the lowest they've been in

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Because of the changing fronts on the economic and political horizon, and the resulting informational confusion, we're coming to the end of what has been one of the roughest and most frustrating years in Marin real estate. The overall economic outlook is one of a slow recovery from a deep recession. However, the economy faces some serious headwinds and there are several factors that will affect what that recovery might look like. Unemployment is a big one, and that will affect everyone, from the graduate who can't find a job and has to stay at home, to the breadwinner that has lost his job from downsizing. We expect the Fed to pump more money into the economy with a second round of quantitative easing (QE2), but continuing high unemployment could mitigate

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There are going to be some bumps in the road, and homeowners cannot expect any kind of discernible inflationary trend in home prices for a few years. Having said that, we all know that regardless of the market conditions, there sellers that have to sell and buyers that have to buy,  and there are some great opportunities out there.

From a seller's standpoint, what we know about the holidays is that January is traditionally the biggest month for transferees and re-location buyers and you need to make yourself available if you want to capture that market. We know buyers are also more emotional over the holidays, they are more serious, and they make quicker decisions, and they only see what is on the market at the time. In addition, as we said in our last

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Currently there are 1480 homes on the market in Marin and 28% of those are pending. The inventory is going to drop further in December and yet buyers do come out and buy over the holidays, so the pending  percentage will go up as the number of available homes drops.  Under $1million there are 1002 homes of which 33% are in escrow. In the $1 -$2 million range there are 289 homes of which 22% are in escrow and over $2 million there are 193 homes,  and only 12% are in escrow. This disparity is typical of all of California where there is far more activity in the lower price range. What is interesting is that in the luxury home arena,  we are seeing easier qualifying for loans and several all-cash deals. There are some very qualified buyers in the higher price

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We're heading into the last few months of the year and the real estate market is holding steady. The numbers have dipped slightly but some of that has to do with the time of year. There are approximately 1270 homes  on the market of which 316 are in escrow. That 27% in  escrow is the same as it was in our last report in June. Inventory is down and so is the number of sales, and the general public keeps getting inundated with the media reports on the volatile stock market, the stagnant employment  picture and the gruesome state of the California economy. So how does all this affect you as a homeowner? Here are the two most frequent questions we get asked:

1. Should we sell now to buy or wait for the market to improve? Answer: Time is not your friend in…
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