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Marin Stats
From Ed’s Desk Dear Marin Colleagues,
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At our last Estates Meeting, Paul Bragstad (our in-house statistics expert) provided stats for Marin and San Francisco and noted a consistent percentage of properties in escrow with exception of the higher end properties where Marin and San Francisco are down YOY. Thanks to Paul, we have that chart to share! Single Family Homes Percentage In Escrow: Marin & SF as of 06.26.18
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$ Marin Pending/Listings % in Escrow 100-999k 55 of 116 47% 1,000-1,999k 112 of 278 40% 2,000-2,999k 28 of 101 28% 3,000-3,999k 15 of 50 30% 4,000-4,999k 2 of 26 8% 5,000-6,999k 1 of 15 7% 7,000-9,999k 1 of 14 7% 10,000k n+ 0 of 11 0%
SF Pending/Listings 69 of 109 99 of 196 18 of 53 6 of 28 4 of 15 4 of 15 1 of 11 0 of 12
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% in Escrow 63% 50% 34% 21% 27% 27% 9% 0%
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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 $4,600,000 306 San Rafael, Belvedere, CA
Barr Haney Listing Agents
Whitney Potter Listing Agents
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 June 2018 C.A.R. Forms Release NEW C.A.R. FORMS: 1. Buyers’ Homeowners’ Association Advisory (BHAA): This new form advises Buyers of property subject to a HOA of the importance of a thorough review of HOA documents which will govern, affect and, in some cases, may limit their current and future use of the property. BROKER RISK MANAGEMENT FORM: Broker Risk Management (BRM) had previously created a comparable form. This new C.A.R. Advisory is an acceptable substitute for Brokers who had previously implemented use of the BRM form. RECOMMENDATIONS: This Advisory should be given to all Buyers just before or at the time they receive the HOA documents for review. Only Buyers sign this Advisory. Sellers do not sign this form and there is no need to provide a copy to the Seller or Listing Broker. 2. Disclosure Information Advisory (DIA): This new form advises Sellers of the importance of disclosing what they know that affects the value and desirability of the Property. The form emphasizes that Sellers must take the time to be thorough and review their documents before making required statutory and contractual disclosures. BROKER RISK MANAGEMENT FORM: BRM had created a similar form. See the BRM form “Seller Advisory Regarding Completing the Real Estate Transfer Disclosure Statement and Other Seller Disclosure Forms” which follows at the end of this Tip. While this new C.A.R. form is similar in many ways, it does lack several features, the most important of which is the paragraph regarding Question 16 under paragraph II.C of the TDS. In addition, for those sales professionals using forms other than C.A.R. (i.e., SFAR and PRDS), the BRM form included at the end of this Tip references, “Supplements to the TDS,” which would include the SFSD (SFAR) and the SCC (PRDS), rather than just the Seller Property Questionnaire (SPQ). While both forms are quite similar and useful, it is the recommendation of BRM that Brokers use the attached BRM form for this purpose.
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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: 7/2/18 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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