Marin County Market Update | Q2 2014

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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