2014 Marin Market Report - Judy LeMarr
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Transcript of 2014 Marin Market Report - Judy LeMarr
MARINM A R K E T R E P O R T
I N D E X
03 | Foreword
04 | International Reach
08 | Marin Historical Data
10 | Marin In Summary
11 | The Marin Luxury Market
12 | Top Marin Public Schools
14 | City/Area Data
14 - Belvedere15 - Corte Madera16 - Fairfax17 - Greenbrae18 - Kentfield19 - Larkspur20- Mill Valley21 - Novato
22 - Ross23 - San Anselmo24 - San Rafael25 - Sausalito26 - Tiburon27 - Beach Cities + West Marin28 - Napa + Sonoma30 - San Francisco
All data courtesy of BAREIS MLSCover Photo by Patrick Smith
We celebrated the increase of Marin home prices in 2014!
Marin Average Single Family Home prices jumped 15% from last year and exceeded the peak
pricing of 2007 by 1%, returning equity to the long term homeowner. Some sectors of the
luxury market in Marin, particularly under $5 million, experienced substantial growth in
sales transactions.
Early indicators for 2015 show continued but slowing price appreciation in a stabilizing
market. While the number of homes sold in 2014 was robust compared with the peak,
it was 5% lower than the previous year.
Decker Bullock Sotheby’s International Realty met Marin’s demand for luxury sales with a
strong luxury real estate brand, top agents in each community, and expansion in Ross Valley,
Mill Valley, Tiburon, San Rafael, and Novato.
Our local sales exceeded $1.4 billion in 2014. We anticipate another exceptional year and look
forward to providing you with the same unparalleled professionalism and peerless service
as has been defined by the Sotheby’s name since 1744.
JUDY LeMARR+1.415.793.5030 - [email protected]
F O R E W O R D
2014 Marin Market Report | 3
Decker Bullock Sotheby’s International Realty is Marin’s only brokerage with a true
global network. We are not an alliance, group, club or partner – we are a global icon that
is synonymous with premiere luxury services worldwide.
Beijing to Buenos Aires, Monte Carlo to Martha’s Vineyard – wherever your travels may
take you, the one common thread is a Sotheby’s International Realty sign. It represents
service at the highest level and access to an exclusive audience that has supported the
brand since 1744.
I N T E R N A T I O N A L R E A C H
4 | Decker Bullock Sotheby’s International Realty
711210205
# OF LISTINGS
WORLDWIDE
# OF OFFICES
WORLDWIDE
LUXURYPORTFOLIO*
CHRISTIE’S INTERNATIONALREAL ESTATE**
36,31315K14K
Data courtesy of LuxuryPortfolio.com*** Data courtesy of ChristiesRealEstate.com
G L O B A L S O C I A L M E D I A P E R F O R M A N C E
2014 Marin Market Report | 5
Data courtesy of ChristiesRealEstate.com*** Data courtesy of LuxuryPortfolio.com
LUXURYPORTFOLIO**
CHRISTIE’S INT’L.REAL ESTATE*
4,439,551TOTAL VIEWS
14,169TOTAL VIEWS
163.070TOTAL VIEWS
CHRISTIE’S INT’L.REAL ESTATE*
LUXURYPORTFOLIO**
35,201LIKES
26,305LIKES
8,179LIKES
B R A N D A D VA N T A G E
6 | Decker Bullock Sotheby’s International Realty
OF UNIQUE VISITORS FROM
OUTSIDE THE UNITED STATES
42%
6,897,304SOTHEBYSREALTY.COM UNIQUE VISITORS IN 2014
76,066,056SOTHEBYSREALTY.COM PAGE VIEWS IN 2014
A T T R A C T I N G A F F L U E N T B U Y E R S
STATE OF THE ART LUXURY WEBSITE
2014 Marin Market Report | 7
City / Area2007AveragePrice
2007AverageSq. Ft.
2007Avg.. Price / Sq. Ft.
2014Average Price
2014AverageSq. Ft.
2014Avg.. Price / Sq. Ft.
Sq. Ft. Changein Value
Beach Cities* $1,491,000 1,859 $802 $2,219,128 1,907 $1,164 45%
Belvedere $4,132,193 3,641 $1,135 $3,329,682 3,024 $1,101 -3%
Corte Madera $1,343,764 1,945 $691 $1,273,546 1,975 $645 -7%
Fairfax $878,400 1,680 $523 $877,312 1,886 $465 -11%
Greenbrae $1,327,166 2,312 $574 $1,435,291 2,250 $638 11%
Kentfield $2,460,331 3,103 $793 $2,370,263 2,974 $797 1%
Larkspur $1,582,633 2,085 $759 $1,654,886 2,218 $746 2%
Mill Valley $1,491,219 2,158 $691 $1,628,522 2,286 $712 3%
Novato $886,020 2,188 $405 $820,406 2,269 $362 -11%
Ross $3,282,336 3,503 $937 $3,261,964 3,407 $957 2%
San Anselmo $1,265,911 2,247 $561 $1,159,098 2,206 $525 -6%
San Rafael $1,015,700 2,077 $489 $994,355 2,137 $465 -5%
Sausalito $1,809,325 2,320 $780 $1,778,413 2,238 $795 2%
Tiburon $2,561,574 2,968 $863 $2,935,882 3,480 $844 -2%
West Marin** $994,256 1,977 $503 $927,073 2,039 $455 -10%
Marin County $1,364,940 2,230 $612 $1,373,906 2,319 $592 -3%
1971 Ferrari Daytona SpyderMSRP started at $20,000
2014 Value: $3.7M at Auction
1978 Dow Jones Industrial Avg.
Ended at 805.01
Index at End of 2014: 17,823.07
1986 Six Self PortraitsAndy Warhol
Sold $57,500
2014 Value: $30.1M at Auction
The best standard method of determining values is to compare the Price per Square Foot with that of previous periods.
S F H 2 0 0 7 v s . 2 0 1 4
$250K
$30K
M A R I N P E A K
Increased Year Over Year [YOY] Decreased Year Over Year [YOY]Beach Cities: Bolinas, Muir Beach, Stinson Beach*
** West Marin: Forest Knolls, Inverness, Lagunitas, Marshall, Nicasio, Olema,Pt. Reyes Station, San Geronimo, Tomales, Woodacre
1 9 6 5
1 9 8 5
1 9 7 5
8 | Decker Bullock Sotheby’s International Realty
$1.19M
2004 Google IPO Share$85 at Open
2014 End Price: $526.40 at Close
(Post Split)
2000 Gold PriceCumulative Avg..
$279.11 /oz.
2014 Cumulative Avg.: $1266.40 /oz.
Graphic courtesy of:Decker Bullock Sotheby’s International Realty
Data provided by BAREIS MLS
S F H & C O N D O AV E R A G E S A L E P R I C E
M A R I N 1 9 6 5 – 2 0 1 4
2 0 1 42 0 0 7
2 0 0 5
1 9 9 5
2 0 1 1
$1.2m
$500k
$846k
2014 Marin Market Report | 9
1965 Average Sale Price $30,710
1978 First year Average Sale Price exceeds $100,000
1999 First year Average Sale Price exceeds $500,000
2005 First year Average Sale Price exceeds $1 million
2007 Peak price for Marin County at $1,223,678
2009 Precipitous 31% drop to $848,438
2010 Bounce to $904,818
2011 Double Dip to $846,083
2014 Average Price $1,190,501
M A R I N I N S U M M A R Y
10 | Decker Bullock Sotheby’s International Realty
City / Area # Sold Sq. Ft. Average Maximum Average DOM
2013Average
Changein Average
Beach Cities* 36 1,907 $2,219,406 $8,000,000 104 $1,453,474 53%
Belvedere 41 3,024 $3,329,682 $12,000,000 111 $3,560,581 -7%
Corte Madera 77 1,975 $1,273,546 $3,650,000 45 $1,139,935 12%
Fairfax 84 1,886 $877,312 $1,625,000 48 $724,107 21%
Greenbrae 58 2,250 $1,435,291 $2,750,000 53 $1,343,710 7%
Kentfield 79 2,974 $2,370,263 $12,250,000 58 $2,274,739 4%
Larkspur 83 2,218 $1,654,886 $4,400,000 46 $1,436,086 15%
Mill Valley 338 2,286 $1,628,522 $5,875,000 45 $1,323,582 23%
Novato 519 2,269 $820,406 $5,050,000 55 $736,420 11%
Ross 44 3,407 $3,261,964 $9,300,000 64 $2,807,729 16%
San Anselmo 187 2,206 $1,159,098 $3,625,000 59 $1,058,590 9%
San Rafael 491 2,137 $994,355 $5,950,000 51 $930,583 7%
Sausalito 74 2,238 $1,778,413 $4,900,000 66 $1,670,049 6%
Tiburon 127 3,480 $2,935,882 $8,985,000 100 $2,337,327 26%
West Marin** 79 2,039 $927,073 $2,850,000 87 $841,579 10%
Marin County 2338 2,319 $1,376,407 $12,250,000 59 $1,190,459 16%
Marin County Real Estate Market - Single Family Homes 2014
DIDYOU
KNOW?
Marin County is the #8wealthiest county in the U.S.
Increased Year Over Year [YOY] Decreased Year Over Year [YOY]Beach Cities: Bolinas, Muir Beach, Stinson Beach*
** West Marin: Forest Knolls, Inverness, Lagunitas, Marshall, Nicasio, Olema,Pt. Reyes Station, San Geronimo, Tomales, Woodacre
Data courtesy of Bloomberg.com - 2/10/14
DIDYOU
KNOW?
Over the last decade a Sotheby’s International Realty professional has participated in 13 of the 15 Marin home sales above $10,000,000.
T H E M A R I N L U X U R Y M A R K E T
2014 Marin Market Report | 11
Current High Low
25
3
24
1
25
0
198
114 14
9
143 17
7
25
6
34
6
20
05
20
06
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30
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13 11
16 15
36
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20
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12
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1 1 1
0 0
3 3
2
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# UNITS SOLD$2M - $5M
$10,000,000+# UNITS SOLD
$5M - $10M# UNITS SOLD
All data courtesy of BAREIS MLS
12 | Decker Bullock Sotheby’s International Realty
Tamalpais HighMill Valley9
10 Tamiscal High [Alternative]Larkspur
10 Redwood HighLarkspur
10 Hall MiddleLarkspur
10 White Hill MiddleFairfax
10 Mill Valley Middle Mill Valley
2014 Marin Market Report | 13
T O P M A R I N P U B L I C S C H O O L S
ELEMENTARY SCHOOLS
MIDDLE SCHOOLS HIGH SCHOOLS LEGEND
San Jose IntermediateNovato8
10 Del Mar MiddleBelvedere - Tiburon
Sinaloa MiddleNovato8
10 Kent MiddleKentfield
10 Miller Creek MiddleSan Rafael
Novato HighNovato8
8 Terra Linda HighSan Rafael
9 Sir Francis Drake HighSan Anselmo
9
8
Bacich ElementaryKentfield
Tamalpais Valley ElementaryMill Valley10
Olive ElementaryNovato
San Ramon ElementaryNovato8
Ross ElementaryRoss10
Brookside ElementarySan Anselmo10
Hidden Valley ElementarySan Anselmo10
Wade Thomas ElementarySan Anselmo10
Dixie ElementarySan Rafael10
Mary E. Silveira ElementarySan Rafael9
Vallecito ElementarySan Rafael9
Coleman ElementarySan Rafael8
Glenwood ElementarySan Rafael9
10 Bel Aire ElementaryBelvedere - Tiburon
Sun Valley ElementarySan Rafael10
10 Reed ElementaryBelvedere - Tiburon
Park ElementaryMill Valley10
Manor ElementaryFairfax8
8
Old Mill ElementaryMill Valley10
Edna Maguire ElementaryMill Valley10
Strawberry Point ElementaryMill Valley10
Loma Verde ElementaryNovato8
Pleasant Valley ElementaryNovato9
Novato CharterNovato10
Rancho ElementaryNovato10
Neil Cummins ElementaryCorte Madera
Corte Madera
Fairfax
Kentfield
Larkspur
Mill Valley
Novato
Ross
San Anselmo
San Rafael
Belvedere-Tiburon
PUBLIC SCHOOLS RATED 8+
Numbers indicate school ranking based on School-Ratings.com*
SINGLE FAMILY HOMES
# of Single Family Homes Sold 41
% Change in Sales from 2013 32%
Minimum Sale Price $1,325,000
Median Sale Price $2,760,000
Average Sale Price $3,329,682
Change in Avg. Sold Price from 2013 -7%
Maximum Price Sold $12,000,000
Average Price/Sq. Ft. $1,101
Change Price/Sq. Ft. from ‘07 Peak -3%
Average Days on Market 111
B E LV E D E R E
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38
31
31
23
23
32 33 3
6
31
43
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$2
.81M
$3
.02
M
$3
.88
M
$4
.13
M
$3
.17
M
$3
.16
M
$2
.58
M
$3
.23
M
$2
.99
M
$3
.56
M
14 | Decker Bullock Sotheby’s International Realty
Increased Year Over Year [YOY] Decreased Year Over Year [YOY]
Current High Low
# UNITS SOLD
AVERAGE SALE PRICE
CONDOS & SINGLE FAMILY HOMES
SINGLE FAMILY HOMES
# of Single Family Homes Sold 77
% Change in Sales from 2013 -28%
Minimum Sale Price $455,000
Median Sale Price $1,215,000
Average Sale Price $1,273,546
Change in Avg. Sold Price from 2013 12%
Maximum Price Sold $3,650,000
Average Price/Sq. Ft. $645
Change Price/Sq. Ft. from ‘07 Peak -7%
Average Days on Market 45
C O RT E M A D E R A2
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116
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99 12
0
107
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104
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$1.
02
M
$9
97
K
$1.
21M
$1.
13M
$8
90
K
$8
96
K
$7
78
K $1.
11M
$8
54
K
$1.
03
M
2014 Marin Market Report | 15
Increased Year Over Year [YOY] Decreased Year Over Year [YOY]
Current High Low
# UNITS SOLD
AVERAGE SALE PRICE
CONDOS & SINGLE FAMILY HOMES
# of Single Family Homes Sold 84
% Change in Sales from 2013 -13%
Minimum Sale Price $250,000
Median Sale Price $830,000
Average Sale Price $877,312
Change in Avg. Sold Price from 2013 21%
Maximum Price Sold $1,625,000
Average Price/Sq. Ft. $465
Change Price/Sq. Ft. from ‘07 Peak -11%
Average Days on Market 48
FA I R FA X
20
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96
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75
65
66 8
0 82
76
103
91
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$7
89
K
$8
15K
$8
42
K
$7
34
K
$6
64
K
$6
37
K
$5
62
K $8
47
K
$6
03
K
$7
03
K
16 | Decker Bullock Sotheby’s International Realty
Increased Year Over Year [YOY] Decreased Year Over Year [YOY]
SINGLE FAMILY HOMES
Current High Low
# UNITS SOLD
AVERAGE SALE PRICE
CONDOS & SINGLE FAMILY HOMES
# of Single Family Homes Sold 58
% Change in Sales from 2013 16%
Minimum Sale Price $800,000
Median Sale Price $1,354,500
Average Sale Price $1,435,291
Change in Avg. Sold Price from 2013 7%
Maximum Price Sold $2,750,000
Average Price/Sq. Ft. $638
Change Price/Sq. Ft. from ‘07 Peak 11%
Average Days on Market 53
G R E E N B R A E2
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60 64
89 9
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84 9
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$1.
03
M
$9
60
K
$1.
05
M
$9
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K
$8
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K
$8
81K
$7
77
K $1.
10M
$8
55
K
$9
97
K
2014 Marin Market Report | 17
Increased Year Over Year [YOY] Decreased Year Over Year [YOY]
SINGLE FAMILY HOMES
Current High Low
# UNITS SOLD
AVERAGE SALE PRICE
CONDOS & SINGLE FAMILY HOMES
# of Single Family Homes Sold 79
% Change in Sales from 2013 -1%
Minimum Sale Price $495,000
Median Sale Price $1,920,000
Average Sale Price $2,370,263
Change in Avg. Sold Price from 2013 4%
Maximum Price Sold $12,250,000
Average Price/Sq. Ft. $797
Change Price/Sq. Ft. from ‘07 Peak 1%
Average Days on Market 58
K E N T F I E L D
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39
65
62 6
8
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81
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$1.
62
M
$2
.18
M
$2
.43
M
$2
.17
M
$2
.14
M
$1.
83
M
$2
.05
M
$2
.32
M
$2
.06
M
$2
.25
M
18 | Decker Bullock Sotheby’s International Realty
Increased Year Over Year [YOY] Decreased Year Over Year [YOY]
SINGLE FAMILY HOMES
Current High Low
# UNITS SOLD
AVERAGE SALE PRICE
CONDOS & SINGLE FAMILY HOMES
# of Single Family Homes Sold 83
% Change in Sales from 2013 19%
Minimum Sale Price $425,000
Median Sale Price $1,495,000
Average Sale Price $1,654,886
Change in Avg. Sold Price from 2013 15%
Maximum Price Sold $4,400,000
Average Price/Sq. Ft. $746
Change Price/Sq. Ft. from ‘07 Peak -2%
Average Days on Market 46
L A R K S P U R2
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86
73
68
62
51
68
62
97
80
96
20
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20
06
20
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20
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20
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20
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20
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20
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$1.
31M
$1.
29
M
$1.
30
M
$1.
33
M
$1.
13M
$1.
08
M
$1.
10M
$1.
51M
$1.
07
M
$1.
30
M
2014 Marin Market Report | 19
Increased Year Over Year [YOY] Decreased Year Over Year [YOY]
SINGLE FAMILY HOMES
Current High Low
# UNITS SOLD
AVERAGE SALE PRICE
CONDOS & SINGLE FAMILY HOMES
# of Single Family Homes Sold 338
% Change in Sales from 2013 -5%
Minimum Sale Price $280,000
Median Sale Price $1,341,500
Average Sale Price $1,628,522
Change in Avg. Sold Price from 2013 15%
Maximum Price Sold $5,875,000
Average Price/Sq. Ft. $712
Change Price/Sq. Ft. from ‘07 Peak 3%
Average Days on Market 45
M I L L VA L L E Y
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46
5
419
319
25
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25
8
28
7
316
39
1
419
40
2
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$1.
32
M
$1.
24
M
$1.
40
M
$1.
39
M
$1.
11M
$1.
15M
$1.
08
M $1.
5M
$1.
14M
$1.
23
M
20 | Decker Bullock Sotheby’s International Realty
Increased Year Over Year [YOY] Decreased Year Over Year [YOY]
SINGLE FAMILY HOMES
Current High Low
# UNITS SOLD
AVERAGE SALE PRICE
CONDOS & SINGLE FAMILY HOMES
# of Single Family Homes Sold 519
% Change in Sales from 2013 0.6%
Minimum Sale Price $252,000
Median Sale Price $750,500
Average Sale Price $820,406
Change in Avg. Sold Price from 2013 11%
Maximum Price Sold $5,050,000
Average Price/Sq. Ft. $362
Change Price/Sq. Ft. from ‘07 Peak -11%
Average Days on Market 55
N OVAT O2
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92
5
75
0
49
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56
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610
57
1
610
75
9
712
72
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$7
72
K
$7
81K
$7
58
K
$5
98
K
$5
31K
$5
30
K
$4
69
K $7
02
K
$5
26
K
$6
24
K
2014 Marin Market Report | 21
Increased Year Over Year [YOY] Decreased Year Over Year [YOY]
SINGLE FAMILY HOMES
Current High Low
# UNITS SOLD
AVERAGE SALE PRICE
CONDOS & SINGLE FAMILY HOMES
# UNITS SOLD
AVERAGE SALE PRICE
# of Single Family Homes Sold 44
% Change in Sales from 2013 No Change
Minimum Sale Price $850,000
Median Sale Price $2,700,000
Average Sale Price $3,261,964
Change in Avg. Sold Price from 2013 16%
Maximum Price Sold $9,300,000
Average Price/Sq. Ft. $957
Change Price/Sq. Ft. from ‘07 Peak 2%
Average Days on Market 64
RO S S
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37
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29
28
35
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27
42 44
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$2
.71M
$2
.79
M
$3
.28
M
$3
.18
M
$2
.27
M
$2
.97
M
$2
.87
M
$3
.26
M
$2
.28
M
$2
.81M
22 | Decker Bullock Sotheby’s International Realty
Increased Year Over Year [YOY] Decreased Year Over Year [YOY]
SINGLE FAMILY HOMES
CONDOS & SINGLE FAMILY HOMES
Current High Low
# UNITS SOLD
AVERAGE SALE PRICE
# of Single Family Homes Sold 187
% Change in Sales from 2013 -20%
Minimum Sale Price $360,000
Median Sale Price $969,000
Average Sale Price $1,159,098
Change in Avg. Sold Price from 2013 10%
Maximum Price Sold $3,625,000
Average Price/Sq. Ft. $525
Change Price/Sq. Ft. from ‘07 Peak -6%
Average Days on Market 59
SA N A N S E L M O2
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179
115 13
7
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193
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10
20
11
20
12
20
13
20
14
$1.
04
M
$1.
07
M
$1.
06
M
$1.
24
M
$8
36
K
$8
31K
$8
57
K
$1.
14M
$9
37
K
$1.
04
M
2014 Marin Market Report | 23
Increased Year Over Year [YOY] Decreased Year Over Year [YOY]
SINGLE FAMILY HOMES
CONDOS & SINGLE FAMILY HOMES
Current High Low
# of Single Family Homes Sold 491
% Change in Sales from 2013 -9%
Minimum Sale Price $360,000
Median Sale Price $855,000
Average Sale Price $994,355
Change in Avg. Sold Price from 2013 7%
Maximum Price Sold $5,950,000
Average Price/Sq. Ft. $465
Change Price/Sq. Ft. from ‘07 Peak -5%
Average Days on Market 51
SA N R A FA E L
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
76
4
66
9
56
2
48
8 56
5 65
0
60
3 69
5
75
8
70
4
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
$8
84
K
$8
81K
$9
06
K
$7
90
K
$6
39
K
$6
25
K
$6
20
K
$8
43
K
$6
22
K
$7
83
K
24 | Decker Bullock Sotheby’s International Realty
Increased Year Over Year [YOY] Decreased Year Over Year [YOY]
SINGLE FAMILY HOMES
Current High Low
# UNITS SOLD
AVERAGE SALE PRICE
CONDOS & SINGLE FAMILY HOMES
# of Single Family Homes Sold 74
% Change in Sales from 2013 3%
Minimum Sale Price $450,000
Median Sale Price $1,425,000
Average Sale Price $1,778,413
Change in Avg. Sold Price from 2013 7%
Maximum Price Sold $4,900,000
Average Price/Sq. Ft. $795
Change Price/Sq. Ft. from ‘07 Peak 2%
Average Days on Market 66
SAU SA L I T O2
00
5
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
168
116
113
74 76 9
0 115 12
9
140
132
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
$1.
03
M
$1.
25
M
$1.
31M
$1.
30
M
$9
42
K
$1.
11M
$1.
06
M
$1.
31M
$9
44
K
$1.
16M
2014 Marin Market Report | 25
Increased Year Over Year [YOY] Decreased Year Over Year [YOY]
SINGLE FAMILY HOMES
Current High Low
# UNITS SOLD
AVERAGE SALE PRICE
CONDOS & SINGLE FAMILY HOMES
26 | Decker Bullock Sotheby’s International Realty
# of Single Family Homes Sold 127
% Change in Sales from 2013 2%
Minimum Sale Price $945,000
Median Sale Price $2,700,000
Average Sale Price $2,935,882
Change in Avg. Sold Price from 2013 26%
Maximum Price Sold $8,985,000
Average Price/Sq. Ft. $844
Change Price/Sq. Ft. from ‘07 Peak -2%
Average Days on Market 100
T I B U RO N
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
171
142 16
8
116
81
122
133 15
9
163 17
8
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
$1.
98
M
$1.
99
M
$2
.21M
$2
.02
M
$1.
94
M
$1.
95
M
$1.
58
M $2
.36
M
$1.
65
M
$2
.01M
Increased Year Over Year [YOY] Decreased Year Over Year [YOY]
SINGLE FAMILY HOMES
Current High Low
# UNITS SOLD
AVERAGE SALE PRICE
CONDOS & SINGLE FAMILY HOMES
# of Single Family Homes Sold 36
% Change in Sales from 2013 -27%
Minimum Sale Price $545,000
Median Sale Price $1,690,000
Average Sale Price $2,219,128
Change in Avg. Sold Price from 2013 53%
Maximum Price Sold $8,000,000
Average Price/Sq. Ft. $1,164
Change Price/Sq. Ft. from ‘07 Peak 45%
Average Days on Market 104
B E AC H C I T I E S
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
$1.
22
M
$1.
25
M
$1.
22
M
$1.
18M $
88
7K
$8
78
K
$7
04
K
$2
.22
M
$6
60
K
$1.
43
M
Increased Year Over Year [YOY] Decreased Year Over Year [YOY]
Current High Low
# of Single Family Homes Sold 79
% Change in Sales from 2013 -3%
Minimum Sale Price $90,000
Median Sale Price $800,000
Average Sale Price $927,073
Change in Avg. Sold Price from 2013 10%
Maximum Price Sold $2,850,000
Average Price/Sq. Ft. $455
Change Price/Sq. Ft. from ‘07 Peak -10%
Average Days on Market 87
W E S T M A R I N
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
$1.
25
M
$1.
22
M
$1.
22
M
$1.
18M
$8
87
K
$8
78
K
$7
04
K
$9
27
K
$6
00
K
$8
41K
Increased Year Over Year [YOY] Decreased Year Over Year [YOY]
SINGLE FAMILY HOMES
Current High Low
2014 Marin Market Report | 27
AVERAGE SALE PRICE AVERAGE SALE PRICE
SINGLE FAMILY HOMES
CONDOS & SINGLE FAMILY HOMES CONDOS & SINGLE FAMILY HOMES
# of SFH and Condos Sold 1271
% Change in Sales from 2013 -18%
Minimum Sale Price $117,500
Median Sale Price $520,000
Average Sale Price $735,548
Maximum Price Sold $15,000,000
Average Price/Sq. Ft. $387
Average Days on Market 84
NA PA2
00
5
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
169
7
127
1
95
2
103
5
129
7
134
2
144
0
164
8
150
7
127
1
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
$8
57
K
$7
67
K
$8
64
K
$6
06
K
$4
48
K
$4
76
K
$4
72
K
$7
35
K
$5
42
K
$6
03
K
Current High Low
S O N O M A
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
83
44
52
06
40
05
49
29
54
73
50
60
53
94
612
7
55
82
52
65
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
$6
08
K
$6
39
K
$6
27
K
$4
65
K
$3
85
K
$4
07
K
$3
76
K
$5
59
K
$4
16K
$4
92
K
Current High Low
28 | Decker Bullock Sotheby’s International Realty
CONDOS & SINGLE FAMILY HOMES CONDOS & SINGLE FAMILY HOMES
# UNITS SOLD # UNITS SOLD
AVERAGE SALE PRICE AVERAGE SALE PRICE
CONDOS & SINGLE FAMILY HOMESCONDOS & SINGLE FAMILY HOMES
# of SFH and Condos Sold 5265
% Change in Sales from 2013 -6%
Minimum Sale Price $35,000
Median Sale Price $456,000
Average Sale Price $559,310
Maximum Price Sold $7,000,000
Average Price/Sq. Ft. $327
Average Days on Market 66
Increased Year Over Year [YOY] Decreased Year Over Year [YOY] Increased Year Over Year [YOY] Decreased Year Over Year [YOY]
2014 Marin Market Report | 29
NEIGHBORHOODSDISTRICT
5
1
6
2
7
3
8
9
10
4
SA N F R A N C I S C O
Central Richmond, Inner Richmond, Jordan Park / Laurel Heights, Lake Street,Sea Cliff, Lone Mountain
Golden Gate Heights, Outer Parkside, Outer Sunset, Parkside, Central Sunset,Inner Sunset, Inner Parkside
Lake Shore, Merced Heights, Pine Lake Park, Stonestown, Lakeside, Merced Manor,Ingleside Heights, Oceanview
Balboa Terrace, Diamond Heights, Forest Hill, Forest Knolls, Ingleside Terrace, Midtown Terrace, Saint Francis Wood, Miraloma Park, Forest Hill Extension, Sherwood Forest,Mount Davidson Manor, Westwood Highlands, Westwood Park, Sunnyside, West Portal
Glen Park, Haight Asbury, Noe Valley, Twin Peaks, Cole Valley/Parnassus Heights, Buena Vista /Asbury Heights, Corona Heights, Clarendon Heights, Duboce Triangle, Eureka Valley/Dolores Heights, Mission Dolores
Anza Vista, Hayes Valley, Lower Pacific Heights, Western Addition, Alamo Square,North Panhandle
Marina, Pacific Heights, Presidio Heights, Cow Hollow
Downtown, Financial District /Barbary Coast, Nob Hill, North Beach, Russian Hill, Van Ness /Civic Center, Telegraph Hill, North Waterfront, Tenderloin
Bernal Heights, Inner Mission, Mission Bay, Potrero Hill, South of Market, Yerba Buena, South Beach, Central Waterfront /Dogpatch
Bayview, Crocker Amazon, Excelsior, Outer Mission, Visitacion Valley, Portola, Silver Terrace, Mission Terrace, Hunter Point, Bayview Heights, Candlestick Point, Little Hollywood
# UNITS SOLDSINGLE FAMILY HOMES
2 14
3 2 3
178
1 17
2 3 1
4 37
4 5
3 0 5
2 3
5 1 2
30 | Decker Bullock Sotheby’s International Realty
SA N F R A N C I S C O
# UNITS SOLDSINGLE FAMILY HOMES
SINGLE FAMILY HOMES
CONDOS /TIC
# Units Sold 2385 3130
% Change in Sales from 2013 -10.6% -6%
Minimum Sale Price $269,444 $80,000
Median Sale Price $1,075,000 $945,000
Average Sale Price $1,448,994 $1,097,197
Change in Avg. Sold Price from 2013 10.7% 14%
Maximum Price Sold $14,000,000 $9,400,000
Average Price/Sq. Ft. $789 $906
Average Days on Market 31 36
# UNITS SOLDCONDOS / TIC
1 6 2
4 57
3 1
3 1 8
1 14 9
4 5
3 1 1
5 9
5 3 6
6 1
AVERAGE PRICESINGLE FAMILY HOMES
$ 1 ,724,0 8 9
$ 2 , 1 2 8, 5 1 3
$ 8 5 1 , 2 3 1
$ 4,6 2 9,4 3 0
$ 1 , 2 5 2 ,6 0 2
$ 1 ,0 5 5,07 9
$ 2 , 3 2 6, 3 0 8
$ 1 , 3 6 4, 2 69
$ 3, 2 3 4,78 9
$70 4, 3 3 2
MAXIMUM PRICESINGLE FAMILY HOMES
$ 6, 5 0 0,0 0 0
$ 1 0,0 0 0,0 0 0
$ 1 , 5 6 0,0 0 0
$ 14,0 0 0,0 0 0
$ 3,70 0,0 0 0
$ 3, 1 5 0,0 0 0
$ 4, 9 9 5,0 0 0
$ 4, 3 8 8,0 0 0
$ 8, 3 3 0,0 0 0
$ 1 ,4 1 0,0 0 0
AVERAGE PRICECONDOS / TIC
$ 1 ,0 5 4, 2 24
$ 1 , 1 2 3,073
$ 5 3 2 , 9 1 9
$ 1 , 5 4 5,8 3 3
$ 1 ,0 4 8, 9 2 6
$ 9 1 0, 5 5 3
$ 93 0, 9 4 4
$ 6 2 0, 9 4 4
$ 1 , 1 9 1 , 5 2 0
$ 4 9 5,0 67
MAXIMUM PRICECONDOS / TIC
$ 2 ,6 2 5,0 0 0
$ 2 , 5 2 5,0 0 0
$ 8 6 0,0 0 0
$ 9,4 0 0,0 0 0
$ 5, 3 0 0,0 0 0
$ 2 , 5 5 0,0 0 0
$ 2 ,4 5 2 ,0 0 0
$ 1 , 2 1 0,0 0 0
$7, 1 0 0,0 0 0
$ 9 9 5,0 0 0
2014 Marin Market Report | 31
32 | Decker Bullock Sotheby’s International Realty
2014 Marin Market Report | 33
M A K I NG M A R I N H I STO RY
Belvedere Highest Priced Sale for the Year 2014
Belvedere Record Breaking for Marin County 2013
Belvedere Highest Priced Sale for the Year 2013
Belvedere Highest Priced Sale for the Year 2012
Belvedere Highest Priced Sale for the Year 2010
Bolinas Highest Priced Sale for the Year 2010
Fairfax Record Breaking 2013
Greenbrae Highest Priced Sale for the Year 2012
Kentfield Highest Priced Sale for the Year 2011
Kentfield Highest Priced Sale for the Year 2010
Larkspur Off Market Highest Priced Sale for the Year 2014
Larkspur Off Market Record Breaking 2013
Mill Valley Highest Priced Sale for the Year 2014
Mill Valley Highest Priced Sale for the Year 2013
Mill Valley Highest Priced Sale for the Year 2011
Mill Valley Highest Priced Sale for the Year 2010
Mill Valley Off Market Highest Priced Sale for the Year 2014
Nicasio Highest Priced Sale for the Year 2010
Ross Record Breaking for Marin County 2012
Ross Highest Priced Sale for the Year 2012
Ross Record Breaking for Marin County 2011
Ross Highest Priced Sale for the Year 2011
San Anselmo Highest Priced Sale for the Year 2013
San Anselmo Highest Priced Sale for the Year 2012
San Rafael Highest Priced Sale for the Year 2013
Stinson Beach Highest Priced Sale for the Year 2013
Stinson Beach Highest Priced Sale for the Year 2011
Tiburon Highest Priced Sale for the Year 2013
Tiburon Highest Priced Sale for the Year 2012
Tiburon Highest Priced Sale for the Year 2011
Tiburon Highest Priced Sale for the Year 2010
West Marin Highest Priced Sale for the Year 2013
Marin County Record Breaking 2007
DECKER BULLOCK SOTHEBY’S INTERNATIONAL REALTY
RECENT SIGNIFICANT MARIN SALES
Southern Marin Office
100 Tiburon Blvd.
Mill Valley, CA 94941
415.381.7300
Mill Valley Office
78 E. Blithedale
Mill Valley, CA 94941
415.380.4300
San Rafael Office
100 Smith Ranch Road, Suite 110
San Rafael, CA 94903
415.456.1200
Ross Valley Office
189 Sir Francis Drake Blvd.
Greenbrae, CA 94904
415.461.7200
Drakes Landing Office
500 Drakes Landing Road
Greenbrae, CA 94904
415.464.9300
Sausalito Office
211 Second Street
Sausalito, CA 94965
415.331.9000
Novato Office
438 Ignacio Blvd.
Novato, CA 94949
415.883.2900
Belvedere - Tiburon Office
10 Beach Road
Tiburon, CA 94920
415.435.0700
Terra Mortgage Banking is a preferred provider to our Realtors®.
Scott Hellart: 415.464.3172m: [email protected] #312226BRE #01339904
Pierre Masqueliert: 415.389.6558m: [email protected] #291819BRE #01742977
John Wilsont: 415.968.5000m: [email protected] #295251BRE #00838971
Rosette Pollockt: 415.464.1372m: [email protected] #298363BRE #01196060
Marney Sollet: 415.454.8811m: [email protected] #286003BRE #01189718