I am pleased to report the successful purchase of this this luxury residence located in the highly sought after exclusive Hill Haven neighborhood of Tiburon with sweeping views spanning the Golden Gate Bridge, the Bay, Belvedere Island, the Belvedere lagoons, and across to Mount Tamalpais. Situated on .70 acres with 4425 (+/-) of living space, this stunning residence offers the utmost in indoor / outdoor California lifestyle and easy access to downtown Tiburon, the commuter ferry, dining, shopping and Shoreline Park.
Following on the heels of our Where to Buy A Home For Your Money in San Francisco post, we thought you’d like to know what your hard earned cash gets you in Marin (I do represent buyers and sellers in Marin County, if you’re in the market).
The charts below are based upon 2015 transactions reported to Marin MLS by August 15th, breaking out the towns and cities with the most sales within given price points. However, other communities not listed in a particular chart might have smaller numbers of home sales within a given price segment.
Novato and San Rafael have by far the biggest home markets in Marin, making up almost 50% of total sales, and this is reflected in the charts below. Following them in market size are Mill Valley (about 15% of sales), San Anselmo (6%) and Tiburon (5%). The two most expensive communities, Belvedere and Ross, have very few home sales, which of course adds to their exclusivity.
Where to Buy a HOUSE in Marin for under $1,000,000
The overall median house price in Marin in the 2nd quarter of 2015 hit a new high at $1,150,000, so the under million-dollar house market continues to diminish as the market rebound proceeds. This chart has been broken into 2 price segments: house sales up to $750,000, and then sales from $750,000 up to $1 million. The vast majority of house sales in these price segments now occur in the upper half of the county in San Rafael and Novato.
The chart’s columns reflect the number of sales in the 2 price segments in 2015 YTD for each town or city.
Buying a CONDO in Marin
The Marin median condo price in the 2nd quarter of 2015, at $575,000, was exactly half that of houses. By units sold, condos make up a little more than 20% of the county’s home market. (As a point of comparison, condo sales now outnumber house sales in San Francisco.) Again, San Rafael and Novato dominate this market segment, but there are also significant numbers of condo sales in Mill Valley, Sausalito and Tiburon, which also feature the most expensive condos in the county.
Buying a HOUSE in Marin for $1,000,000 to $1,999,000 Million
Buying a HOUSE in Marin for $2,000,000 & Above
Once over $2 million, the center of the home market in Marin shifts definitively to the southern half of the county, Kentfield & Ross to Mill Valley, Tiburon & Sausalito.
–Where to Buy A Home in SF for your Money [theFrontSteps]
Looking to Buy/Sell in Marin? Give me a shout:
I am happy to report I just helped some buyers secure this wonderful mid-century property in Tiburon (that’s North over the Golden Gate Bridge in Marin County for those of you not familiar with our area). Located at 694 Hilary Drive, this 4 bed, 2 bath single family home has great charm and character, a beautiful back yard with amazing views, and happy new homeowners. I was able to position my clients’ offer as the best offer out of 18! We just closed for $1,482,000. Congratulations to my buyers, and hello Marin County!
Feel free to contact me for the deets, and if you’re one of the thousands of San Franciscans considering a move over to Marin, not only can I help you sell your San Francisco home for top dollar, but I can help you buy in Marin too.
January 2014 Market Report
The real estate market recovery started in earnest in 2012 and then went red hot in spring 2013, which resulted in an additional, big, fast jump – approximately 20% – in home prices. After the spring peak, the market calmed somewhat in the second half of the year and prices stabilized, but buyer demand remained very strong by historical standards. Economic conditions have continued to improve, household net worth has increased dramatically with rising stock and housing markets, foreclosure rates and distressed property sales have plunged, the second-home market has picked up, and interest rates, after jumping in 2013, are still relatively low. Though it is impossible to predict the future, these factors typically form the foundation of a healthy, active housing market.
In the next few weeks, new listings will start coming on market in quantity, buyers will get back in home-search mode and the market will begin to wake up after the holiday hibernation. Then we’ll start to get an inkling of what the new year has in store.
Median Sales Price Appreciation, 2011-2013
This first chart above gives an idea of the scale of the rebound in home values since the recovery began about two years ago. Median prices are affected by other factors besides changes in value, and different areas experienced bubbles and crashes (and now recoveries) of different magnitudes. Median sales prices are generalizations and changes in them should be considered very approximate indicators of appreciation, but by any measure there has been a huge recovery in North Bay real estate values.
Comparative Dollar per Square Foot Values
I’m not quite sure just how many people from around the world hit this here little (20,000 monthly unique visitors) real estate blog looking for Marin real estate, but one thing I do know is that Marin is pretty damn hard to beat. It’s a hop, skip, and a jump away from one of the best cities in the world, the weather is fantastic, the commute is minor, and the schools are awesome. Because of this, I often find myself browsing Marin real estate, both on and “off market” (not on MLS), and recently came across this $3,250,000 Tiburon pocket listing.
Five bedrooms, four and one half baths, views of Golden Gate Bridge & Bay, designer kitchen, family room with fireplace, formal living room with fireplace (yes that’s two fireplaces), formal dining area, two car attached garage (no parking sticker needed), level yard & gardens (not the postage stamp variety either)…and should I go on?
If you’ve been dying to move to San Francisco, but have children and just can’t seem to figure out the logic and lottery that is the San Francisco Unified School District, then you might consider Tiburon. And if you want modern, open space, and the calming effects of water, then this property might just be the place for you, and I happen to know a damn good Realtor that can get you in before the rest.
Oh, and if you’re worried about the commute to San Francisco, don’t. You can take the ferry to work! You’ll be so green all of your friends will wonder why you never have to buy $6/gallon gas!
“The coldest winter I ever spent was a summer in San Francisco,” said Mark Twain, who didn’t have the luxury of hopping in his car, heading over the Golden Gate Bridge and parking in Sausalito.
Indeed, it’s that time of year when the fog starts creeping back in, the mercury drops, the cold wind picks up off the beautiful blue ocean (now gray from the fog), and ushers in the most dreaded season in San Francisco…summer. That means, it’s time to see what else is out there, and how far you have to go to find some sun.
Today, we take a trip 10, maybe 15 minutes north of the Golden Gate Bridge Toll Plaza, and find this wonderful Sausalito home tucked into the hillside just out of reach of said fog.
Back on the market as of today, four bedrooms, two and one half baths, roughly 3400 square feet, and asking $2,350,000, who’s going to be the next to attempt to snag this Old Town Sausalito Craftsman?
To those of you readers that are reading this post anywhere east of Oakland, you might be shocked to learn that although we are, in fact, in “sunny” California, we San Franciscans suffer the wrath of the fog all summer long. (Just as our nano-markets differ by the block, so does our weather.) So when you come here on your summer vacation looking for a home or just hoping to see the sights, pack your winter coats, scarves, and ear muffs. And if summer to you means lemonade stands, shorts, bright sun and dinners on your deck, you’re gonna have to go North, South, or East, because it just doesn’t happen but maybe 10 days all summer long in San Francisco (Mission, SOMA districts excepted).
–219 West Street, Sausalito, CA-$2,350,000 [agent website]
–Focus on the Volume On Your Block, Not the Median In Your City [theFrontSteps]
Oh if we had time to publish these things when they’re hot off the presses. Oh well, we’re still fans of all things architecture, especially when Eichler is involved, so we’ll throw them up for your delight. Coming soon to the Lucas Valley (Marin) real estate market (and what we’d almost consider an epicenter of Eichlers), 26 Oak Mountain Court.
It’s a rare gallery model Eichler designed by architect Claude Oakland, which has been extensively remodeled and expanded to reach 2,400 sq ft, 4 bedrooms, and 3 full baths. This home was featured on the American Institute of Architects home tour and is truly spectacular inside and out (and the cycling down the road is nothing short of world class).
The home will be priced at $1,550,000, is not yet on the MLS, and of course, we can always get you in early.
–26 Oak Mountain Court [Renee Adelmann]
We love it, and it’s only $660,000! Eichler fans delight in the newest gem to hit the block (outside of San Francisco of course), 104 Golden Hinde Blvd, Terra Linda a 4 bed, 2 bath original condition Eichler ready for you to buy for us. Ahhh, nothing like a few Eichler photos to take you to the weekend
[Update: “Eichler-mania is alive and well. 3 offers on this place before the first open house.”-says someone close to the sale:
As always, you can contact us if you’d like more details. What a cool home!
We (courtesy of Renee) gladly give you a preview to a new Eichler coming to the market. Now, of course, when we say “new” Eichler we don’t mean they’re building more, we mean, it’s a new listing. Here is your chance to take a peek before the masses:
–25 Bolanos Drive, Marin County
-4 bedroom / 2 Bath home (1716 square feet)
-Large atrium with beautiful Japaneese Maple tree and wisteria
-Very private large back yard with solar heated pool
-Working radiant heated floors (copper pipes)
-2 car garage with workshop area
-Located in the Dixie School District
-Move in condition
-$749,000! (Where do we sign up?)
No, this is not a paid post. Yes, we subscribe to many, many, many newsletters and industry publications. Yes, some get more play than others, but what do you expect…some are simply better. So let us know (email@example.com) if there is something we should be reading that we’re not.
And how could you pass up an Eichler under $700,000 with a pool! Seriously!?
Our thoughts exactly!
No, this is not in San Francisco, but it’s close enough.
–371 Devon Drive [Marin Modern Real Estate]