May « 2010 « MDH Blog | The Marin Home Blog

Archive for May, 2010

Mortgage rates fall to lowest level of the year

Thursday, May 27th, 2010

Mortgage rates drop to their lowest level of the year this week as yields on U.S. government securities fell, Freddie Mac said Thursday.

Freddie Mac today released the results of its Primary Mortgage Market Survey in which the 30-year fixed-rate mortgage (FRM) averaged 4.78 percent with an average 0.7 point for the week ending May 27, 2010, down from last week when it averaged 4.84 percent. Last year at this time, the 30-year FRM averaged 4.91 percent. It has not been lower since December 3, 2009, when it averaged 4.71 percent.

Mortgage Rates 05-27-10
Primary Mortgage Market Survey [Freddie Mac]

Tags: Home Loans, Mortgage Rates
Posted in Marin Real Estate, Mortgage Trends | No Comments »

Trophy home listed in Belvedere for $27.5 million

Tuesday, May 25th, 2010

Waterfront Belvedere home with unobstructed views of the entire SF skyline, and approx. 9,500 sqft. of covered space on the market for $27.5 million.

$27,500,000
101 Belvedere Ave.
Belvedere, CA

6 beds, 8 baths
7063 sqft, 1987 year
More Info >>

Sited on the western-most promontory of Belvedere, this property features 5 bedrooms, 4 full and 3 half baths in the main residence, plus separate 1-bedroom guest apartment. Large formal living and dining rooms with French doors to view-side terraces and 3 level lawn areas, intimate library with fireplace, office with built-ins, top floor master suite with his & her baths and dressing areas with private view-side terrace. Five fireplaces, 3-car garage and additional parking for 7 cars.

Tags: Belvedere Homes, Belvedere Real Estate, Marin Luxury Real Estate, New Listing
Posted in Marin Homes for Sale, Marin Real Estate | No Comments »

Sausalito home sells for $6.8 million

Tuesday, May 11th, 2010

This 3-story Sausalito residence sold in April for $6.8 million, making it the most expensive Sausalito home to sell so far this year.

$6,834,000
77 Harrison Ave.
Sausalito, CA

5 beds, 7 baths
10581 sqft, 1990 year

Originally listed for $8,750,000, this Sausalito villa features 5 bedrooms, 5 full baths & 2 half baths over three expansive levels all accessible via elevator, with massive arched windows and doors to enjoy the spectacular views. This ‘Contemporary Classic’ was completed in 1990, and truly is a Sausalito dream house.

Tags: Marin Luxury Real Estate, Sausalito Homes, Sausalito Real Estate
Posted in Marin Homes Sold, Marin Real Estate | No Comments »

Market Report | April 2010

Wednesday, May 5th, 2010

Marin’s housing market showed fresh signs of momentum in April – average price up a whopping 25 percent, sales volume up 45 percent.

In April, the average price came in at $1,167,083, up 25 percent from March. April’s average price marks a 14 percent increase from a year ago, and the number of homes sold was up 45 percent. In addition, the median price was up 10 percent and 8 percent, respectively, during the same period.

The strong gains in Marin last month can in part be attributed to buyers hurrying to take advantage of a soon-to-expire federal tax incentive, cheap prices and low interest rates. While April’s big gains tell us a lot about what’s changed in the market, it shouldn’t be viewed as evidence of surging home values. Prices in many areas have more or less flattened or risen modestly, and we expect to see values grow slowly.

Market Report 05-06-10