Southern Marin Update

Southern Marin includes the Towns of Mill Valley, Sausalito, Belvedere and Tiburon.

The leap in home sales is facilitated by the strong Bay Area economy, the difficulty of placing young children in San Francisco private schools, high prices in the City, and record low mortgage rates. The last 2.5 year trend shows high-end buyers opting for estates in Kentfield and Ross while shying away from Belvedere in all but the Lagoon area.  These changes in buyer preference are notoriously difficult to pinpoint- like wine people seem to be drinking more Cabs than Pinots when a few years ago the opposite was true. Current buyers are families seeking practicality- avoiding vertical homes, vying for lawns, pools and access to schools, soccer fields and markets.

Price data comes in two general forms: 1) Residential data (RESI) (which includes all categories of residential homes sales most notably single family homes and condominiums, but also TICs (Tenant in Common) farms, ranches and vacant parcels) and 2) Single Family Residences data (SFR).

Most charts in this blog differentiate the two main components of residential sales Single Family Residences (SFR) and Condos.

SOMA-price-drop-from-peak-b

This entry was posted in 2. Southern Marin by dwdupont. Bookmark the permalink.

About dwdupont

David DuPont leads a team of real estate professionals (The DuPont Group) under the umbrella of Sotheby’s International Realty. In 2008-2010, Dave sold more homes than any other agent in the firm and brings over 15 years of business experiences to bear for the group including real estate transactions, internet marketing, search engine optimization, and finance. From 2011-2013 Dave continued to be a top producer not only in the Sotheby's office but also within the agent community.