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News and insight into Marin´s highly unique real estate market
This commanding Kentfield Tuscan-like Villa sold for $9,800,000 in July, setting a new record for Marin County home sales so far this year.
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$9,800,000 Palm Ave. Kentfield, CA 6 beds, 7 baths 7,200 sqft, 2003 year
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Originally listed for $10,500,000, the 7,200 sqft Kentfield home features six bedrooms, 7 baths, professional Chef’s kitchen, a separate guest house, media room, billiards room, sprawling lawn & pool, parking for 5-cars and more.
Mortgage rates overall have been mixed the past few weeks, while rates on the 30-year were flat-to-down slightly.
Freddie Mac released the results of their mortgage market survey today, and the 30-year fixed-rate mortgage averaged 5.20% for the week ending July 23, 2009, down from 5.42% in June. Federal Reserve Chairman Bernanke, during his July 22 Senate testimony, noted mortgage rates are lower than they were last fall, and housing affordability right now is the highest it’s been in many years.
The all-time low of 4.78% was recorded the week of April 2. Freddie Mac’s survey dates back to 1971.
Last year at this time, the rate averaged 6.63%.
Mortgage rates rise this week [Freddie Mac]
This expanded & remodeled classic 1927 Forbes level 1 home has now been reduced for the fourth time, for a total of $520,000 in price reductions.
![](http://medialaxb.rapmls.com/norcalmls/listingpics/bigphoto/073/20900173.jpg?tsp=20090508102254") |
$1,775,0000 346 G Street San Rafael, CA 4 beds, 3 baths 3071 sqft, 1927 year More Info >> |
Originally listed for $2,295,000, this San Rafael Forbes home is priced to compete with homes of much lesser condition and location. Expanded, remodeled & beautifully landscaped, this stunning property compliments its architectural heritage.
This new 4,700 sqft ‘Hollywood Hills’ Mill Valley home has sweeping views of Mt Tam & the valley and allows one to live comfortably in a private setting.
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$3,295,000 28 Eagle Rock Mill Valley, CA 4 beds, 4.5 baths 4735 sqft, 2008 year More Info >> |
Listed for $3.295 million, this new four bedroom striking Mill Valley contemporary by architect Jerry Kler includes a huge master suite, 2 en-suite bedrooms, separate guest house, pool, spa, 2-car garage and more.
Home sales bounce back in June – median price up 16%, but continue their overall decline from last year.
The median price of a single-family home in Marin was $833,000, down 23% from $1,077,500 last year, and 185 homes were sold – up from the 178 homes in June 2008. In May, the median home price in Marin was $720,000 and 146 homes were sold.
The most sizeable declines were felt in Belvedere, Corte Madera, Kentfield, Larkspur and San Anselmo. While marginal increases were seen in Fairfax, Greenbrae and Mill Valley – Ross was up considerably. Overall, results were mixed but encouraging. The Marin market seems to be finding its footing in this new environment and we’re hopeful things will continue to improve throughout the year.
We track every new listing and post reviews of the hottest new properties in Marin County. In addition, you can search the full MLS and view all homes for sale… MLS Search >>
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$2,850,000 |
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$1,850,000 |
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$1,795,000 |
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$2,100,000 |
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$2,995,000 |
Sophisticated new Sycamore Park Mill Valley Craftsman-style home on fabulous double lot reduced $670,000, after only 49-days on the market.
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$3,325,000 124 Sycamore Ave. Mill Valley, CA 5 beds, 4.5 baths 3770 sqft, 2008 year More Info >> |
Originally listed for $3,995,000, the property includes a new custom built Craftsman-style four bedroom main house, separate guest house and 2-car garage. Birch floors, French doors, 10’ ceilings, 2-car garage and more.
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