Ross, CA | web: 0086832
Marin County Market Update Second Quarter 2014 San Francisco Brokerage 117 Greenwich Street San Francisco, CA 94111 t. 415.901.1700
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All data within this document is pulled from the Bay Area Real Estate Information Services (BAREIS)
A MESSAGE FROM OUR MANAGER: Jeffrey G. Gibson As we reach the second half of 2014, the Marin County high end real estate market in the second quarter of 2014 performed extremely well compared to the second quarter of 2013 according to the Bay Area Real Estate Information Service (BAREIS). In Marin County, both overall sales volume and average sales price of single family homes continued to grow. Total sales volume in Marin County experienced a 10 percent gain, bringing the total volume to more than $1 billion ($1,047,312,199) in the second quarter of 2014. The average sales price also grew 13 percent, from $1,214,955 in Q2 2013 to $1,374,425 in Q2 2014. In particular, Tiburon and Belvedere demonstrated a notable increase, with a 29 percent gain in total sales volume from $117,116,025 in Q2 2013 to $151,043,760 in Q2 2014, and a 24 percent rise in average sales price from $2,491,830 in Q2 2013 to $3,082,526 in Q2 2014. The following charts depict market details of Marin County, Sausalito, Mill Valley, Tiburon, Belvedere, Ross, and Kentfield.
Marin county MARKET SUMMARY (SFH) Marin County continued to see excellent progress in total sales volume, which increased 10 percent, from $951,310,079 in Q2 2013 to $1,047,312,199 in Q2 2014. However, homes priced at $3 million or above, experienced a significant 93 percent increase, from $121,347,288 in Q2 2013 to $234,675,596 in Q2 2014. The average sales price also rose from $1,214,955 in Q2 2013 to $1,374,425 in Q2 2014, a 13 percent increase. Overall, the total number of closed units saw a 3 percent reduction, but the number of sold units with a price above $3 million saw a substantial 84 percent increase.
Q2-2014 - MARIN COUNTY VOLUME
23%
26% < $1.0M $1.0M - $3.0M $3.0M and up
51%
Tiburon and Belvedere SUMMARY (SFH) Total sales volume and average sales price in Tiburon and Belvedere remained progressive in the second quarter of 2014. The total sales volume rose from $117,116,025 in Q2 2013 to $151,043,760 in Q2 2014, a 29% percent increase. The contributing factor came from SFH priced at $3 million or above, which surged from $37,296,775 in Q2 2013 to $97,551,500 in Q2 2014. The average sales price also climbed 24 percent, from $2,491,830 in Q2 2013 to $3,082,526 in Q2 2014. The total number of units sold for SFH priced at $3 million or above jumped from 10 closed units in Q2 2013 to 23 closed units in Q2 2014,
Q2-2014 - TIBURON & BELVEDERE VOLUME 0% 35%
< $1.0M $1.0M - $3.0M
65%
$3.0M and up
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marin county
SINGLE FAMILY HOME SALES
Across the Golden Gate Bridge from San Francisco lies Marin County, an area renowned for its natural beauty. Marin County is home to Muir Woods redwood forest, the Marin Headlands, Stinson Beach, the Point Reyes National Seashore and Mount Tamalpais. Most of the countyâ&#x20AC;&#x2122;s population resides on the eastern side, with the interior of the city consisting of large areas of agricultural and open space.
Q2 average sales price (sfh) PRICE RANGE
2011
2012
2013
2014
Up to $1 Million
$642,849
$635,733
$714,949
$1 - $3 million
$1,614,274
$1,631,757
$1,584,952
$3 MIllion and up
$4,186,772
% CHANGE (2014 v 2013)
$1,600,000
$743,082
4%
$1,200,000
$1,607,644
1%
$1,400,000 $1,000,000 $800,000
$4,564,850
$3,914,429
$4,117,116
5%
$1,374,425
13%
$600,000 $400,000 $200,000 $2011
TOTALS
$1,062,243
$1,047,525
$1,214,955
2012
Average List Price
2013
2014
Average Sales Price
Q2 CLOSED UNITS: # OF SIDES (sfh) PRICE RANGE
2011
2012
2013
2014
Up to $1 Million
364
456
416
$1 - $3 million
169
201
19 552
% CHANGE (2014 v 2013)
900
371
-11%
700
336
334
-1%
20
31
57
84%
677
783
762
-3%
2011
2012
2013
2014
Up to $1 Million
$233,997,099
$289,894,334
$297,418,865
$275,683,542
-7%
$1 - $3 million
$272,812,338
$327,983,241
$532,543,926
$536,953,061
1%
$3 MIllion and up
$79,548,660
$91,297,000
$121,347,288
$234,675,596
93%
$586,358,097
$709,174,575
$951,310,079
$1,047,312,199
10%
800 600 500 400 300
$3 MIllion and up
TOTALS
200 100 2011
2012
2013
2014
Q2 CLOSED VOLUME (SFH) PRICE RANGE
% CHANGE (2014 v 2013)
$1,200,000,000 $1,000,000,000 $800,000,000 $600,000,000 $400,000,000
TOTALS
3
$200,000,000 $2011
2012
2013
2014
mill valley
SINGLE FAMILY HOME SALES Mill Valley, about 14 miles north of San Francisco, is located on the western and northern shores of Richardson Bay. Mill Valley is known for being a town with a strong artistic heritage, with its many art galleries and town sponsorship of the Mill Valley Film Festival, which is part of the California Film Institute. The combination of Mill Valleyâ&#x20AC;&#x2122;s idyllic location beneath Mount Tamalpais and its ease of access to San Francisco has made it a popular home for many commuters.
Q2 average sales price (sfh) PRICE RANGE
% CHANGE
2011
2012
2013
2014
$774,834
$748,378
$788,882
$849,752
8%
$1 - $3 million
$1,681,443
$1,565,860
$1,519,544
$1,674,023
10%
$3 MIllion and up
$3,501,580 $3,300,000
$4,196,667
$3,899,031
-7%
Up to $1 Million
(2014 v 2013)
$1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $2011
TOTALS
$1,222,843
$1,199,839
$1,336,825
$1,635,155
2012
Average List Price
22%
2013
2014
Average Sales Price
Q2 CLOSED UNITS: # OF SIDES (sfh) PRICE RANGE
% CHANGE
2011
2012
2013
2014
Up to $1 Million
46
46
39
30
-23%
$1 - $3 million
35
51
70
82
17%
2
1
3
9
200%
83
98
112
121
8%
2011
2012
2013
2014
Up to $1 Million
$35,642,350
$34,425,400
$30,766,400
$1 - $3 million
$58,850,488
$79,858,857
$7,003,160 $101,495,998
$3 MIllion and up
TOTALS
(2014 v 2013)
140 120 100 80 60 40 20 2011
2012
2013
2014
Q2 CLOSED VOLUME (SFH) PRICE RANGE
% CHANGE (2014 v 2013)
$250,000,000
$25,492,572
-17%
$200,000,000
$106,368,050
$137,269,875
29%
$3,300,000
$12,590,000
$35,091,275
179%
$117,584,257
$149,724,450
$197,853,722
32%
$150,000,000
$3 MIllion and up
TOTALS
$100,000,000 $50,000,000 $-
Serving Marin county and san francisco sothebyshomes.com/sanfrancisco
2011
2012
2013
2014
4
ross and kentfield
SINGLE FAMILY HOME SALES
The quaint residential towns of Ross and Kentfield, with their small-town feel, tree-covered hills, winding creeks, graciously landscaped streets and gardens, serve as an ideal oasis for both locals and visitors alike. Ross is located just north of San Francisco and is bordered by Kentfield and Greenbrae to the east. Kentfield is home to the main campus for the College of Marin, which is well known for its theatre department.
Q2 average sales price (sfh) PRICE RANGE
% CHANGE
2011
2012
2013
2014
$931,250
$817,500
$841,750
$793,333
-6%
$1 - $3 million
$1,883,278
$2,085,929
$1,910,523
$1,839,786
-4%
$3 MIllion and up
$5,033,944
$5,828,333
$4,246,409
$4,483,373
6%
Up to $1 Million
(2014 v 2013)
$3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $2011
TOTALS
$2,795,414 $2,498,258
$2,397,334
$2,609,578
2012
Average List Price
9%
2013
2014
Average Sales Price
Q2 CLOSED UNITS: # OF SIDES (sfh) PRICE RANGE
% CHANGE
2011
2012
2013
2014
Up to $1 Million
2
6
4
3
-25%
$1 - $3 million
18
24
29
27
-7%
(2014 v 2013)
50 45 40 35 30 25 20
9
6
11
14
27%
29
36
44
44
0%
2011
2012
2013
2014
$1,862,500
$4,905,000
$3,367,000
$2,380,000
-29%
$1 - $3 million
$33,899,000
$50,062,300
$55,405,175
$49,674,214
-10%
$3 MIllion and up
$45,305,500
$34,970,000
$46,710,500
$62,767,221
34%
TOTALS
$81,067,000
$89,937,300 $105,482,675 $114,821,435
$3 MIllion and up
15 10 5
TOTALS
2011
2012
2013
2014
Q2 CLOSED VOLUME (SFH) PRICE RANGE Up to $1 Million
5
% CHANGE (2014 v 2013)
$140,000,000 $250,000,000 $120,000,000 $200,000,000 $100,000,000 $150,000,000 $80,000,000
9%
$60,000,000 $100,000,000 $40,000,000 $50,000,000 $20,000,000 $$-
2011 2011
2012 2012
2013 2013
2014 2014
sausalito
SINGLE FAMILY HOME SALES The waterfront town of Sausalito is located just across the Golden Gate Bridge from San Francisco. The charming town offers an array of boutique shops, art studios and galleries, restaurants and outdoor cafes and bistros, many with incredible views of the San Francisco Bay and city skyline. Sausalito is adjacent to the protected areas of the Golden Gate National Recreation Area, a popular camping and tourist destination.
Q2 average sales price (sfh) PRICE RANGE
% CHANGE
2011
2012
2013
2014
Up to $1 Million
$734,000
$730,000
$692,250
$834,600
21%
$1 - $3 million
$1,534,918
$1,635,778
$1,576,676
$1,933,608
23%
$3 MIllion and up
$3,000,000 $3,260,000
$3,550,007
$3,616,333
2%
TOTALS
$1,346,675 $1,358,353
$1,594,457
$1,911,265
20%
(2014 v 2013)
$2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $2011
2012
Average List Price
2013
2014
Average Sales Price
Q2 CLOSED UNITS: # OF SIDES (sfh) PRICE RANGE
% CHANGE
2011
2012
2013
2014
Up to $1 Million
7
7
4
5
25%
$1 - $3 million
14
9
17
12
-29%
1
1
2
3
50%
5
22
17
23
20
-13%
-
2011
2012
2013
2014
Up to $1 Million
$5,138,000
$5,110,000
$2,769,000
$4,173,000
51%
$1 - $3 million
$21,488,850
$14,722,000
$26,803,500
$23,203,300
-13%
$3 MIllion and up
$3,000,000
$3,260,000
$7,100,013
$10,849,000
53%
(2014 v 2013)
25 20 15
$3 MIllion and up
TOTALS
10
2011
2012
2013
2014
Q2 CLOSED VOLUME (SFH) PRICE RANGE
% CHANGE (2014 v 2013)
$45,000,000 $40,000,000 $35,000,000 $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000
TOTALS
$29,626,850 $23,092,000
$36,672,513
Serving Marin county and san francisco sothebyshomes.com/sanfrancisco
$38,225,300
4%
$2011
2012
2013
2014
6
tiburon and belvedere
SINGLE FAMILY HOME SALES
Tiburon occupies most of the Tiburon Peninsula, while the smaller city of Belvedere occupies the southeast portion of the Peninsula. Tiburon is a popular town amongst commuters and tourists, linked by ferry services to San Francisco. The town offers a high concentration of restaurants and boutiques and is the closest mainland point to Angel Island. Belvedere is home to many properties renowned for their spectacular views of the Bay Area, Angel Island, San Francisco, Sausalito, the Golden Gate Bridge and Mount Tamalpais.
Q2 average sales price (sfh) PRICE RANGE Up to $1 Million
2011
2012
2013
2014
$870,100
$823,100
n/a
n/a
% CHANGE (2014 v 2013)
$3,500,000
n/a
$2,500,000
$3,000,000 $2,000,000
$1 - $3 million
$2,002,420
$1,691,625
$2,157,277
$2,057,395
-5%
$3 MIllion and up
$3,448,000
$4,151,889
$3,729,678
$4,241,370
14%
$1,500,000 $1,000,000 $500,000 $2011
TOTALS
$2,118,509
$2,087,175 $2,491,830
$3,082,526
2012
Average List Price
24%
2013
2014
Average Sales Price
Q2 CLOSED UNITS: # OF SIDES (sfh) PRICE RANGE Up to $1 Million $1 - $3 million
% CHANGE
2011
2012
2013
2014
3
5
n/a
n/a
n/a
25
31
37
26
-30%
5
9
10
23
130%
33
45
47
49
4%
2011
2012
2013
2014
$2,610,300
$4,115,500
n/a
n/a
(2014 v 2013)
60 50 40 30 20
$3 MIllion and up
TOTALS
10 2011
2012
2013
2014
Q2 CLOSED VOLUME (SFH) PRICE RANGE Up to $1 Million
% CHANGE (2014 v 2013)
n/a
$160,000,000 $140,000,000 $120,000,000 $100,000,000
$1 - $3 million $3 MIllion and up
TOTALS
7
$50,060,500 $17,240,000 $69,910,800
$52,440,374 $37,367,000 $93,922,874
$79,819,250 $37,296,775 $117,116,025
$53,492,260 $97,551,500 $151,043,760
-33%
$80,000,000
162%
$40,000,000
29%
$60,000,000
$20,000,000 $2011
2012
2013
2014
featured properties
paradise cove Residence Web ID: 0086379 | $6,995,000 See and hear the bay from this gated 7bd/8.5ba Tiburon residence. Located in a weatherprotected cove, this home enjoys deeded access to a gorgeous long sandy beach. Isobel Wiener & Danielle Chavanon | 415.730.5556
Casual Elegance in Kentfield Web ID: 0086841 | $2,195,000 Beautiful 4bd/3ba home has floor-to-ceiling sliding glass windows that separate the formal living room and dining room. Located in the flats of Kentfield near Phoenix Lake, downtown Ross. Dana Johnson | 415.306.3824
gracious victorian in the village Web ID: 0086799 | $1,790,000 Available for the first time in generations, this 1907 Victorian features breathtaking views of Mt. Tam. This 4-unit building comes with a garage, guest house, and off-street parking. Isobel Wiener & Danielle Chavanon | 415.730.5556
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