Quick Links Top Sales & Closed Sales For the Week
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From Ed’s Desk Dear Marin Colleagues,
Weekly Broker Tip
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Tomorrow is Memorial Day and it’s a great time to reflect on how fortunate we are in this Country. Millions of men and women have served our military and many have died defending our freedom and way of life. Our police and firefighters also deserve our praise and recognition for their service to our communities. If you know a veteran, current service member or civil servant say thanks. Those are the best words to hear! Enjoy your long weekend.
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MARKET SHARE 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
Chandler Gavin Jerri Cohen
Megan Penna
Amy Bowes
Joan Simone
Ashley Jennings Click here to submit your request
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Top Sale of the Week $6,900,000 92 Laurel Grove Avenue, Ross
Carey Hagglund Condy & Katrina Kehl Listing 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 vs. Pending
Weekly Market Update
Avg. Price Per Sq. Foot
Months of Inventory
Average Days On Market
Average Price For Sale vs Sold
Market Share By City
1974- 2017 Ave Sale Price
Source: Trend Graphic/Charts Bareis MLS (updated on the 6th of every month)
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California Delivers Record-Setting Unemployment Numbers in April California’s unemployment rate fell to a new record low of 4.2 percent in April according to the latest report from the state Employment Development Department, with 39,300 jobs added during the month. California has now gained a total of 2,908,100 jobs since the economic expansion began in February 2010. Over the last year, there were 356,800 jobs added, a 2.1 percent increase. March’s previously reported decline was revised up by 5,400 new jobs. In the first four months of 2018, 98,400 jobs were added in the state, compared with 104,000 jobs created during the same period last year. While California employers added fewer jobs this year, 2018’s increase is still robust considering the historically low unemployment rate. While 815,000 Californians were counted as unemployed in April, this is 13,000 fewer than in March and 139,000 fewer compared with April of last year. All industries except manufacturing added jobs in April, with the construction industry showing the largest increase of 10,000, followed by professional and business services, up by 8,500 jobs. Over the last year, all California industries except those in the category listed as other services added jobs, with the largest gains in educational and health services, up by 83,500 positions. Professional and business services added 65,800 jobs, while the construction sector created 59,500 jobs. San Francisco and San Mateo counties’ unemployment rate dropped to 2.1 percent. The region added 4,400 jobs from the previous month, with the leisure and hospitality industry delivering the largest gain of 2,000 jobs, attributed to accommodation and food services. Professional and business services had the second-largest net gain from March of, 2,000 new jobs, with computer systems design and related services driving more than half of this growth. Over the last year, employers created 20,400 new jobs in San Francisco and San Mateo counties. Professional and business services continued to lead this year-over-year growth, adding 10,000 new jobs. This was followed by gains in professional, scientific, and technical services, which added 9,400 new jobs, while information jobs increased by 5,300.
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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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WEEKLY PRACTICE TIP Original Geographic Targeting Order Extended and Expanded
On July 22, 2016, the Financial Crimes Enforcement Network (“FinCEN”), an agency of the United States Treasury Department, issued a Geographic Targeting Order (“GTO”) directing Title Insurers and their agents (in California that would be Escrow Companies -- whether they are separate entities or part of a Title Company’s operation) to collect and report information about certain residential real estate transactions where the purchase price was $2,000,000 or more. The purpose of that Geographic Targeting Order was to assist law enforcement and regulatory agencies in identifying potential money-laundering operations. That Order expired by its own terms earlier this year. It has now been announced that effective May 21, 2018 the GTO has been reinstated but it has also been greatly expanded in its scope and coverage. ALL real estate transactions closing with a Title Company will require the ALTA Information Collection Form (“ICF”) to be fully completed by the escrow/settlement agent, and returned to the Title Officer for review as soon as possible. If a pending transaction requires the Title Company to collect additional forms, information and/or documentation, the transaction will not close until all conditions have been fully met. FinCEN requires Title Companies to collect information about certain transactions in specified geographic areas in accordance with the Bank Secrecy Act. If a transaction is required to be reported under any order issued by FinCEN, the Title Company must be supplied with a completed ICF prior to insuring the affected transaction. The new rules mandate that Buyers complete the ALTA ICF provided by the Escrow Holder in residential sale transactions as part of an effort to obtain information about the Buyer in addition to what they usually do obtain in a “Statement of Information.” There is thus no need for real estate licensees to provide the ALTA form. However, for reference purposes only, that new form can be viewed at: http://files.constantcontact.com/117c7f5e001/23cce97f-4e71-406c-a862-87c7a2a6219b.pdf
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
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LISA’S CORNER Lisa Norman is Pacific Union’s Product Vice President and an Innovation Group Member
The Loop is your all in one stop for training, communication, and collaboration. STREAMLINED COMMUNICATION Rather than using Distribution Lists to send any and all information, The Loop helps to filter and organize this information into relevant, organized, and searchable ways. It also allows everyone more access to each other for things such as promoting listings or reaching out to each other for vendor recommendations or open house sitters. Now these communications are in the loop, and out of your inbox. You can pick and choose which emails you want to receive. INFORMATION The Loop becomes an easily searchable directory, a reservoir of information, and a simple communication vehicle. Now you can find information, tools, how-too, and support articles on everything from industry events to product support on the latest technology, and how to do the latest email signature! CONNECTION & CULTURE Now we can connect our company across California, build culture by sharing and distributing information. Share yourself on the loop through your posts, comments, replies, and participation! The loop brings everyone together and allows access to everyone in Pacific Union in a way that has never been done before.
Open House Data from Marin County
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Date Range: 6/3/17 to Present Aggregated Data
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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
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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
PUI Tools Pacific Union offers a variety of online tools that will enhance your marketing, contact management, social media and client relations.
MOXI PRESENTS
Contactually
Best Buyer Report (BBR)
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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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