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
The June gloom has arrived in Marin and fortunately I am not referring to our market. I now understand why all my East coast friends leave Marin in June and come back in August. During these months my car doubles as a closet. Our Marin market is still relatively close to 2017 with total sold down .4% YOY for SFD.
Pacific Union Tools
Concierge
Resources When we add in condos total sold is up 3.2%. Print Advertising
Digital Marketing
Pacific Union Affiliates Total units in Marin is down 60 YOY but volume is up $193,934,000. What is impressive is Pacific Union YOY stats are down 5 units, but volume increased $107,814,961, which represents 56% of the overall increase in volume. This also does not account for off market non MLS stats. GO TEAM!
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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
Lisa Srisavat Jerri Cohen
Megan Penna
Amy Bowes
Joan Simone
Ashley Jennings
Chelsea Dederick Click here to submit your request
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Top Sale of the Week $5,533,500 81 Fremont St. #61A, San Francisco, CA
Marin Home Team Selling 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
Source: Trend Graphic/Charts Bareis MLS (updated on the 6th of every month)
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Executive Summary: • The Bay Area’s median home price reached $1 million in May, a 17 percent year-overyear increase, with Silicon Valley continuing to post 30 percent appreciation. • Homes sales activity matched last May, with San Francisco showing the strongest gain, up by 7 percent year over year. Napa County sales were slower than last year. Higherpriced sales rose up by about 30 percent. • Activity in Napa and Sonoma counties was relatively slower than in the rest of the Bay Area. • More new listings helped boost sales, especially for homes priced between $1 million and $2 million, which posted a 26 percent increase from last May. Santa Clara County listings jumped the most, at 14 percent. • Other housing-market indicators also suggest strengthening demand: • Homes generally sold in 12 days across all price ranges. • The share of homes that sold for more than asking price trended higher again, moving up to 75 percent. • The average share of sales that had price reductions also trended lower, bottoming out at 7 percent in March and remaining at 9 percent in May It is with almost no surprise to note that the Bay Area’s median home price kept rising rapidly in May to reach $1 million, a 17 percent year-over-year increase. All regions continued to post the same price growth trends observed in previous months. Marin County recorded the smallest annual appreciation, with prices up by 5 percent from last May. Still, with strong price growth in previous months, Marin County’s median home price has grown by 9 percent year to date. Year-to-date median price growth was the slowest in Napa County, up by 2 percent. However, Napa County also continued to see home sales activity lag, a trend that began last year. Santa Clara County saw the most median price growth in the Bay Area, up by 29 percent, followed by a 16 percent jump in Alameda County.
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.
Weekly Broker Tip
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BROKER RISK MANAGEMENT WEEKLY PRACTICE TIP Best Practices for Final Verification of Condition QUESTION: Our Brokerage has been debating what our Sales Associates should or should not be doing with their Buyers at the time of the Final Verification. As the Selling Agent, what should we do if the Buyer does not want to conduct the “walk-through?” Regardless of who we represent, what do we need to do if the Seller will not allow the Buyer to conduct a “walk-through?” Can you give us any guidelines? ANSWER: We often receive inquiries regarding our advice in creating risk management protocols on various topics, especially when there are no statutes or appellate decisions providing clear direction. There are no existing legal parameters for what real estate licensees should and should not do with respect to the Buyer’s “walk-through,” but this Week’s Practice Tip will outline some of the essential “do’s” and “don’ts”: The C.A.R. Residential Purchase Agreement (“RPA”) and the other standard residential Purchase Agreement forms include a provision for the Buyer to verify the condition of the Property prior to the Close of Escrow. For example, see Paragraph 26 of the PRDS Purchase Contract entitled, “Walk-Through” Inspection, and Paragraph 27 of the SFAR Purchase Contract entitled, “Walk-Through.” All of these provisions make it clear that the Buyer has a right to confirm the condition of the Property but that this “right to confirm” is limited to certain issues and does not constitute a contingency or condition of sale. Paragraph 15 of the C.A.R. RPA entitled, “Final Verification of Condition,” states: “Buyer shall have the right to make a final verification of the Property within 5 (or ___) Days Prior to Close of Escrow, not as a contingency of the sale, but solely to confirm: (i) the Property is maintained pursuant to paragraph 11; (ii) Repairs have been completed as agreed and (iii) Seller has complied with Seller’s other obligations under this Agreement (C.A.R. Form VP).” It is important for everyone involved in the transaction to understand the scope of what is allowed to occur during the “walk-through” by specifically referring back to the relevant paragraph of the Purchase Agreement that was used in the transaction.
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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Starting June 18th we will be hosting trainings in the Southen Marin office. June 18th we will be traning on: The loop Topic: The Loop Time: 9:30am-10:30am Trainer: Ashley Jennings Where: 575 Redwood Hwy, Mill Valley
Let us know if you can make it! What is the loop: Our latest app release based around communicating as a company. 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
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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)
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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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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