Quick Links Top Sales & Closed Sales For the Week
Selma Hepp’s Blog
From Ed’s Desk Dear Marin Colleagues,
Marin Stats
Weekly Broker Tip
Pacific Union Tools
Concierge
Resources
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Pacific Union Affiliates
I hope you enjoyed the 4th of July holiday, Independence Day as we know it. Recently returning from a trip to Croatia, I was reminded how important those words are. Back in the 1990’s, Croatia was intrenched in a mindless war over power with Serbia. It was not until the United States stepped in that the war was stopped and Croatia was freed from oppression and allowed to become independent. They are a truly grateful country and you hear about it as you travel throughout the region. The words “Never Forget” are heard everywhere you go. At home, I am proud to be part of the number 1 Independent Real Estate Company in California. Defending our number 1 status takes determination, dedication, persistence and the ability to adapt to changes that often come quickly. As they say in sports “speed never has a bad day”. That is true for any industry, especially ours. The ability to lead and take risks, that most people or company’s fail to exercise, is what separates the winners and losers and we intend to keep winning. I see it every day in all of you. Constantly coming up with new strategies and delivering premium services to our clients is what we need to stay focused on at every level. Our people are second to none, our systems and services are constantly evolving in order to provide all of you and your clients the best of the best in real estate services. In Marin, we continue to improve our Concierge Services through increased training for our staff, constant analysis of our processes, attention to timelines and product delivery. We are fortunate to have a dedicated staff willing and able to assist you. It is our every intention to support you and we will continue to strive to meet your needs. Tuesday is our next Estates Meeting and we will continue to discuss our market and direction. June was a strong month in dollar volume but the last two months have been lower in unit volume which would make sense in a market with low inventory. Once again, I think the best source of information on market direction is from you, and the discussions you are having with your buyers and sellers. Price reductions are occurring more frequently and in many cases driving an offer. Please attend these meeting to share your thoughts and hear from your colleagues on what our market is telling us. You are the best! Piatti’s Tuesday, 9:30
License # 01866771
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MARKET SHARE Market Share is currently linked is from June 22, 2018. The Broker Metric Program is under service until 7/7/18. Mill Valley
Novato
Belvedere
San Anselmo
Corte Madera
Greenbrae
Fairfax
San Rafael
Larkspur
Ross
Kentfield
Sausalito
Tiburon Marin County Market Share
CONCIERGE MARIN CONCIERGE TEAM
Lisa Srisavat
Megan Penna
Amy Bowes
Jerri Cohen
Joan Simone
Ashley Jennings
Chelsea Dederick Click here to submit your request
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Top Sale of the Week $3,575,000 117 Chapel Drive, Mill Valley
Shana Rohde-Lynch Selling Agent Based on Information from 02 19 18 Noon - 03 23 18 Noon Please note that even though a sale closed during this time frame it may take longer to process.
Marin Stats For Sale vs. Sold
Weekly Market Update
Avg. Price Per Sq. Foot
Months of Inventory
Days On Market: Sold
Average Price For Sale vs Sold
Market Share By City
1974- 2017 Ave Sale Price
Open House Graph
Source: Trend Graphic/Charts Bareis MLS (updated on the 6th of every month)
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California’s Unemployment Rate Maintains Record Low in May The Golden State added 5,500 jobs in May and downwardly revised April’s monthly growth to 25,600, according to the latest numbers from the California Employment Development Department. This year’s job numbers have been unusually volatile, mostly due to largerthan-usual changes in industries that are sensitive to seasonal trends. Total state numbers also differ slightly from changes seen at metropolitan area levels, suggesting that statewide numbers may be revised upward. California’s unemployment rate remained at a record-low 4.2 percent in May. Many metropolitan areas showed further declines in unemployment rates, largely driven by the state’s shrinking labor force, which dropped for the third consecutive month and now totals 49,000 persons. It was also the fifth labor-force decrease in the last seven months. Four industries added a total of 12,900 jobs in May, with the largest gains in the leisure and hospitality sector, followed by professional and business services, information, and other services. Six industries reported losses, with the most coming from the construction industry, followed by trade, transportation, and utilities and educational and health services. Nevertheless, since last May, 10 of 11 industries added a total of 307,600 jobs, with the largest gains in the educational and health services sector, leisure and hospitality, and construction. Other sectors that added jobs over the year were professional and business services; trade, transportation and utilities; government; information; manufacturing; financial activities; and mining and logging. Only other services posted a year-over-year loss. Other services include jobs in repair and maintenance; personal and laundry services; and religious, civic, and similar organizations.
Read more Here We encourage you to share Pacific Union’s daily blog posts via email, your own blog, or social media. All blog content is updated daily in VoiceStorm, which allows you to share posts to the most popular social networks with just a few clicks. Additionally, our team sends out a weekly Content Hit email each Monday, which contains everything you need to promote Pacific Union content on Facebook, Twitter, or your own blog. Check it out at blog.pacificunion.com
Weekly Broker Tip
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BROKER RISK MANAGEMENT WEEKLY PRACTICE TIP Complying with New Disclosure to Renters Regarding Flood Hazard Zones Q: I am about to take a lease listing. I was notified by the representative for a Natural Hazards Disclosure company that the Owner must disclose if the Property is in a flood zone and, that to handle all of the new disclosure requirements, we need to obtain and pay a fee for a special report to be given to tenants to cover this disclosure requirement. What exactly does an Owner need to disclose about flood zones and is there a requirement for Owners to provide a NHDS or similar report to Tenants? BOTTOM LINE: There is NO legal requirement for an Owner of rental property (or an Owner’s agent) to pay for and obtain a NHD, or any type of similar tenant report, to be able to rent property; nor is it necessary to do so because there is a C.A.R. form which provides the required disclosures to tenants. A: All residential lease/rental agreements that are entered into on or after July 1, 2018 are subject to a new flood hazard disclosure law. California Government Code Section 8589.45 provides that Owners (or the Owner’s agent who is listing the Property for rent) must disclose three (3) specific pieces of information to a Tenant, in text no smaller than eight-point type: 1. If the Owner or the Owner’s agent has “actual knowledge” that the Property is located in a special flood hazard area or an area of potential flooding, then that knowledge must be disclosed to the Tenant. The key is whether or not the Owner or Owner’s agent has actual knowledge of that fact. If an Owner has received written notice from any public agency stating that their Property is in a flood zone or when the Owner carries flood insurance, the Owner is legally deemed to have actual knowledge that the Property is in a special flood hazard area or an area of potential flooding. Click here to read more ... DO NOT FORWARD TO CLIENTS. This Weekly Practice Tip is for the exclusive use of clients of Broker Risk Management and their agents. It may not be reproduced or distributed without the express written consent of Broker Risk Management. The advice and recommendations contained herein are not necessarily indicative of standards of care in the industry, but rather are intended to suggest good risk management practices. PRACTICE TIPS All Weekly Practice Tips are available at BrokerRiskManagement.com User ID: clientaccess, password: yard
Product Trainings
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Topic: Moxi Listing Presentations When: 7/16/18 Time: 10:00-11:30am Trainer: Ashley Jennings Where: 575 Redwood Hwy, Mill Valley
Let us know if you can make it! What is Moxi: Create a listing presentation that will help you stand out from your competitors. This program displays your content in a digital interactive way that keeps your clients engaged!
See you there! If you have any questions about the trainings please send an email to: ashley.jennings@pacunion.com
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2018 Advertising Online & Print Distribution, deadlines, and rates
*Some details will be updated as information becomes available. Advertising rates are subject to change. If you are interested in a specific publication that is not on this list, please contact your Marketing Coordinator directly. Co-op advertising rates are at your manager’s discretion.
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PREMIER SERVICE
@pacificunion
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Resources - Forms, Vendors, Services • Inspection Checklist and Forms • Pacific Union Marin Vendor Guide • FEMA: Marin Flood Zone Update
• Sewer City and Fire Inspections
Pacific Union Leaders Brent Thomson & Pat Heller to Speak at Industry Conference Pacific Union Chief Operating Officer Brent Thomson and Vice President and Branch Manager Pat Heller will be among the featured speakers at the second California Association of Realtors’ WomanUP! Conference on June 28-29 at the JW Marriott LA Live in Los Angeles. The two-day conference is part of CAR’s women’s outreach program to bring together a community of mentors and leaders to communicate, collaborate, and support one another in the real estate industry. For its program, CAR earned a nomination for an Inman Innovator Award from Inman News, which saluted the organization’s commitment to helping elevate women in the industry. Thomson oversees all aspects of Pacific Union operations, including the recruitment and performance of top real estate professionals. She also leads the executives of the firm’s Northern California region. “Women make up the majority of the real estate industry, yet they’re underrepresented in brokerage leadership,” she says. “This conference seeks not only to heighten awareness of these opportunities, but to inspire women to move toward them.” Thomson continues, “Building self-confidence and learning to trust myself has been a by-product of many successes, as well as failures. Learning to appreciate that a failed attempt was far better than no attempt gave me more freedom to express myself, think big, and respect the same in others.” Heller, who heads four Pacific Union Westside Los Angeles locations (Brentwood East, Marina Del Rey, Pacific Palisades, and Santa Monica), has led every office she’s managed over the last two decades to top five national revenue-production status. She sees the conference as an invaluable opportunity for women to gather both input from experienced brokerage owners and support from the real estate community as they pursue their leadership careers. “This is an empowering event for women across our field,” she says. CAR data shows that 60 percent of real estate professionals in California are women but only about one-third of leadership positions in brokerage firms with more than 100 professionals are led by women — a statistic that has been virtually unchanged in recent years. CAR held its inaugural WomanUP! Conference in Pasadena last year. More than 300 women and men attended the full day of professional development devoted to giving powerful women bold tools to take their careers to the next level.
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Affiliate Resources The Mark Company The Mark Company is the authority on urban residential real estate sales and marketing. Using The Mark Method, our unique approach aligns developer goals with buyer insights to deliver unbeatable results. Visit: themarkcompany.com
Property Management Pacific Union Property Management offers full-service property management to property owners, landlords and investors throughout the SF Bay Area, helping your clients to maximize luxury real estate investments. Visit: pacunionpm.com
Commercial Backed by Pacific Union’s strong name recognition and marketing foundation, our Commercial Brokerage specializes in buying, selling, and leasing commercial properties- apartments, office, retail, and industrial- for a mix of clients. Visit: pacificunion.com/commercial-real-estate
Rentals Gain access to the Bay Area’s most exceptional rental properties with the helpof our rental experts. Visit: pacificunion.com/leasing-rentals
Relocation Whether you are moving to or departing from the Bay Area ... whether your move is job-related or personal ... whatever your move, we’ve got you covered. Visit: pacificunion.com/relocation
ProInsurance In addition to homeowner’s coverage, ProInsurance provides competitive pricing on a full range of personal insurance needs. Visit: pacificunion.com/pro-insurance INTERNATIONAL PROINSURANCE SOLUTIONS, LLC.
To obtain more information and quote, contact Adrianne Peixotto at 415-223-5543 or email adriannep@proinsurance.com
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