Marin County Market Update | Q2 2014

All data within this document is pulled from the Bay Area Real Estate Information Services (BAREIS)

Marin County Market UpdateSecond Quarter 2014SAn FRAnCISCo BRokERAgE

117 greenwich Street

San Francisco, CA 94111

t. 415.901.1700

sothebyshomes.com

Ross, CA | web: 0086832

http://www.sothebyshomes.com/San-Francisco-Real-Estate/sales/0086832

http://www.sothebyshomes.com/San-Francisco-Real-Estate

A MESSAGE FROM OUR MANAGER: Jeffrey G. Gibson

As we reach the second half of 2014, the Marin County high end real estate market in the second quarter of 2014 performed extremely well compared to the second quarter of 2013 according to the Bay Area Real Estate Information Service (BAREIS). In Marin County, both overall sales volume and average sales price of single family homes continued to grow. Total sales volume in Marin County experienced a 10 percent gain, bringing the total volume to more than $1 billion ($1,047,312,199) in the second quarter of 2014. The average sales price also grew 13 percent, from $1,214,955 in Q2 2013 to $1,374,425 in Q2 2014.

In particular, Tiburon and Belvedere demonstrated a notable increase, with a 29 percent gain in total sales volume from $117,116,025 in Q2 2013 to $151,043,760 in Q2 2014, and a 24 percent rise in average sales price from $2,491,830 in Q2 2013 to $3,082,526 in Q2 2014. The following charts depict market details of Marin County, Sausalito, Mill Valley, Tiburon, Belvedere, Ross, and Kentfield.

MARIN COUNTy MARKET SUMMARy (SFH)

TIBURON ANd BElVEdERE SUMMARy (SFH)

Marin County continued to see excellent progress in

total sales volume, which increased 10 percent, from

$951,310,079 in Q2 2013 to $1,047,312,199 in Q2

2014. However, homes priced at $3 million or above,

experienced a significant 93 percent increase, from

$121,347,288 in Q2 2013 to $234,675,596 in Q2 2014.

The average sales price also rose from $1,214,955 in Q2

2013 to $1,374,425 in Q2 2014, a 13 percent increase.

overall, the total number of closed units saw a 3 percent

reduction, but the number of sold units with a price above

$3 million saw a substantial 84 percent increase.

Total sales volume and average sales price in Tiburon and

Belvedere remained progressive in the second quarter of

2014. The total sales volume rose from $117,116,025 in Q2

2013 to $151,043,760 in Q2 2014, a 29% percent increase.

The contributing factor came from SFH priced at $3

million or above, which surged from $37,296,775 in Q2

2013 to $97,551,500 in Q2 2014. The average sales price

also climbed 24 percent, from $2,491,830 in Q2 2013 to

$3,082,526 in Q2 2014. The total number of units sold for

SFH priced at $3 million or above jumped from 10 closed

units in Q2 2013 to 23 closed units in Q2 2014,

Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. operated by Sotheby’s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.

0%

35%

65%

Q2-2014 - TIBURON & BELVEDERE VOLUME

< $1.0M

$1.0M - $3.0M

$3.0M and up

26%

51%

23%

Q2-2014 - MARIN COUNTY VOLUME

< $1.0M

$1.0M - $3.0M

$3.0M and up

http://www.sirsanfranciscomanager.com/

3

SINGLE FAMILY HOME SALES

Across the golden gate Bridge from San Francisco lies Marin County, an

area renowned for its natural beauty. Marin County is home to Muir Woods

redwood forest, the Marin Headlands, Stinson Beach, the Point Reyes

national Seashore and Mount Tamalpais. Most of the county’s population

resides on the eastern side, with the interior of the city consisting of large

areas of agricultural and open space.

MARIN COUNTy

PRICE RANGE 2011 2012 2013 2014 % CHANGE(2014 v 2013)

Up TO $1 MIllION 364 456 416 371 -11%

$1 - $3 MIllION 169 201 336 334 -1%

$3 MIllION ANd Up 19 20 31 57 84%

TOTALS 552 677 783 762 -3%

Q2 CLoSED UnITS: # oF SIDES (SFH)


Up TO $1 MIllION $233,997,099 $289,894,334 $297,418,865 $275,683,542 -7%

$1 - $3 MIllION $272,812,338 $327,983,241 $532,543,926 $536,953,061 1%

$3 MIllION ANd Up $79,548,660 $91,297,000 $121,347,288 $234,675,596 93%

TOTALS $586,358,097 $709,174,575 $951,310,079 $1,047,312,199 10%

Q2 CLoSED VoLUME (SFH)


Up TO $1 MIllION $642,849 $635,733 $714,949 $743,082 4%

$1 - $3 MIllION $1,614,274 $1,631,757 $1,584,952 $1,607,644 1%

$3 MIllION ANd Up $4,186,772 $4,564,850 $3,914,429 $4,117,116 5%

TOTALS $1,062,243 $1,047,525 $1,214,955 $1,374,425 13%

Q2 AVERAgE SALES PRICE (SFH)

$- $200,000 $400,000 $600,000 $800,000

$1,000,000 $1,200,000 $1,400,000 $1,600,000

2011 2012 2013 2014

Average List Price Average Sales Price

-

100

200

300

400

500

600

700

800

900

2011 2012 2013 2014

$-

$200,000,000

$400,000,000

$600,000,000

$800,000,000

$1,000,000,000

$1,200,000,000

2011 2012 2013 2014




4SERVIng MARIn CoUnTy AnD SAn FRAnCISCo sothebyshomes.com/sanfrancisco


Mill Valley, about 14 miles north of San Francisco, is located on the western and

northern shores of Richardson Bay. Mill Valley is known for being a town with

a strong artistic heritage, with its many art galleries and town sponsorship of

the Mill Valley Film Festival, which is part of the California Film Institute. The

combination of Mill Valley’s idyllic location beneath Mount Tamalpais and

its ease of access to San Francisco has made it a popular home for many

commuters.

MIll VAllEy


Up TO $1 MIllION 46 46 39 30 -23%

$1 - $3 MIllION 35 51 70 82 17%

$3 MIllION ANd Up 2 1 3 9 200%

TOTALS 83 98 112 121 8%



Up TO $1 MIllION $35,642,350 $34,425,400 $30,766,400 $25,492,572 -17%

$1 - $3 MIllION $58,850,488 $79,858,857 $106,368,050 $137,269,875 29%

$3 MIllION ANd Up $7,003,160 $3,300,000 $12,590,000 $35,091,275 179%

TOTALS $101,495,998 $117,584,257 $149,724,450 $197,853,722 32%



Up TO $1 MIllION $774,834 $748,378 $788,882 $849,752 8%

$1 - $3 MIllION $1,681,443 $1,565,860 $1,519,544 $1,674,023 10%

$3 MIllION ANd Up $3,501,580 $3,300,000 $4,196,667 $3,899,031 -7%

TOTALS $1,222,843 $1,199,839 $1,336,825 $1,635,155 22%


$- $200,000 $400,000 $600,000 $800,000

$1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000

2011 2012 2013 2014


-

20

40

60

80

100

120

140

2011 2012 2013 2014

$-

$50,000,000

$100,000,000

$150,000,000

$200,000,000

$250,000,000

2011 2012 2013 2014




5


The quaint residential towns of Ross and kentfield, with their small-town feel,

tree-covered hills, winding creeks, graciously landscaped streets and gardens,

serve as an ideal oasis for both locals and visitors alike. Ross is located just

north of San Francisco and is bordered by kentfield and greenbrae to the

east. kentfield is home to the main campus for the College of Marin, which is

well known for its theatre department.

ROSS and KENTFIEld


Up TO $1 MIllION 2 6 4 3 -25%

$1 - $3 MIllION 18 24 29 27 -7%

$3 MIllION ANd Up 9 6 11 14 27%

TOTALS 29 36 44 44 0%



Up TO $1 MIllION $1,862,500 $4,905,000 $3,367,000 $2,380,000 -29%

$1 - $3 MIllION $33,899,000 $50,062,300 $55,405,175 $49,674,214 -10%

$3 MIllION ANd Up $45,305,500 $34,970,000 $46,710,500 $62,767,221 34%

TOTALS $81,067,000 $89,937,300 $105,482,675 $114,821,435 9%



Up TO $1 MIllION $931,250 $817,500 $841,750 $793,333 -6%

$1 - $3 MIllION $1,883,278 $2,085,929 $1,910,523 $1,839,786 -4%

$3 MIllION ANd Up $5,033,944 $5,828,333 $4,246,409 $4,483,373 6%

TOTALS $2,795,414 $2,498,258 $2,397,334 $2,609,578 9%


$-

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

2011 2012 2013 2014


-

5

10

15

20

25

30

35

40

45

50

2011 2012 2013 2014

$-

$50,000,000

$100,000,000

$150,000,000

$200,000,000

$250,000,000

2011 2012 2013 2014 $-

$20,000,000

$40,000,000

$60,000,000

$80,000,000

$100,000,000

$120,000,000

$140,000,000

2011 2012 2013 2014




6SERVIng MARIn CoUnTy AnD SAn FRAnCISCo sothebyshomes.com/sanfrancisco


The waterfront town of Sausalito is located just across the golden gate Bridge

from San Francisco. The charming town offers an array of boutique shops,

art studios and galleries, restaurants and outdoor cafes and bistros, many

with incredible views of the San Francisco Bay and city skyline. Sausalito is

adjacent to the protected areas of the golden gate national Recreation Area,

a popular camping and tourist destination.

SAUSAlITO


Up TO $1 MIllION 7 7 4 5 25%

$1 - $3 MIllION 14 9 17 12 -29%

$3 MIllION ANd Up 1 1 2 3 50%

TOTALS 22 17 23 20 -13%



Up TO $1 MIllION $5,138,000 $5,110,000 $2,769,000 $4,173,000 51%

$1 - $3 MIllION $21,488,850 $14,722,000 $26,803,500 $23,203,300 -13%

$3 MIllION ANd Up $3,000,000 $3,260,000 $7,100,013 $10,849,000 53%

TOTALS $29,626,850 $23,092,000 $36,672,513 $38,225,300 4%



Up TO $1 MIllION $734,000 $730,000 $692,250 $834,600 21%

$1 - $3 MIllION $1,534,918 $1,635,778 $1,576,676 $1,933,608 23%

$3 MIllION ANd Up $3,000,000 $3,260,000 $3,550,007 $3,616,333 2%

TOTALS $1,346,675 $1,358,353 $1,594,457 $1,911,265 20%


$-

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

2011 2012 2013 2014


-

5

10

15

20

25

2011 2012 2013 2014

$-

$5,000,000

$10,000,000

$15,000,000

$20,000,000

$25,000,000

$30,000,000

$35,000,000

$40,000,000

$45,000,000

2011 2012 2013 2014




7


Tiburon occupies most of the Tiburon Peninsula, while the smaller city of

Belvedere occupies the southeast portion of the Peninsula. Tiburon is a

popular town amongst commuters and tourists, linked by ferry services

to San Francisco. The town offers a high concentration of restaurants and

boutiques and is the closest mainland point to Angel Island. Belvedere is

home to many properties renowned for their spectacular views of the Bay

Area, Angel Island, San Francisco, Sausalito, the golden gate Bridge and

Mount Tamalpais.

TIBURON and BElVEdERE


Up TO $1 MIllION 3 5 n/a n/a n/a

$1 - $3 MIllION 25 31 37 26 -30%

$3 MIllION ANd Up 5 9 10 23 130%

TOTALS 33 45 47 49 4%



Up TO $1 MIllION $2,610,300 $4,115,500 n/a n/a n/a

$1 - $3 MIllION $50,060,500 $52,440,374 $79,819,250 $53,492,260 -33%

$3 MIllION ANd Up $17,240,000 $37,367,000 $37,296,775 $97,551,500 162%

TOTALS $69,910,800 $93,922,874 $117,116,025 $151,043,760 29%



Up TO $1 MIllION $870,100 $823,100 n/a n/a n/a

$1 - $3 MIllION $2,002,420 $1,691,625 $2,157,277 $2,057,395 -5%

$3 MIllION ANd Up $3,448,000 $4,151,889 $3,729,678 $4,241,370 14%

TOTALS $2,118,509 $2,087,175 $2,491,830 $3,082,526 24%


$-

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

2011 2012 2013 2014


-

10

20

30

40

50

60

2011 2012 2013 2014

$-

$20,000,000

$40,000,000

$60,000,000

$80,000,000

$100,000,000

$120,000,000

$140,000,000

$160,000,000

2011 2012 2013 2014




PARAdISE COvE RESIdENCEWeb Id: 0086379 | $6,995,000

See and hear the bay from this gated 7bd/8.5ba

Tiburon residence. located in a weather-

protected cove, this home enjoys deeded access

to a gorgeous long sandy beach.

Isobel Wiener & danielle Chavanon | 415.730.5556

CASuAL ELEGANCE IN KENTfIELdWeb Id: 0086841 | $2,195,000

Beautiful 4bd/3ba home has floor-to-ceiling

sliding glass windows that separate the formal

living room and dining room. located in the flats

of Kentfield near phoenix lake, downtown Ross.

dana Johnson | 415.306.3824

GRACIOuS vICTORIAN IN THE vILLAGEWeb Id: 0086799 | $1,790,000

Available for the first time in generations, this

1907 Victorian features breathtaking views of Mt.

Tam. This 4-unit building comes with a garage,

guest house, and off-street parking.

Isobel Wiener & danielle Chavanon | 415.730.5556

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Visit us in OuR stORe OR Online. Our specialists will help you shop for the best wines for all occasions.

Available for immediate delivery.

1334 YORk AVenue At 72nd stReet, nY, nY 10021 | MOndAY tO FRidAY 10AM – 7PM, sAtuRdAY 10AM – 6PM

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Marin County Market Update | Q2 2014

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