Archive for December, 2010

Mortgage rates post 7th week of gains

Thursday, December 30th, 2010

Mortgage rates rose for a seventh straight week from record lows, inching up to a national average of 4.86 percent last week.

Freddie Mac today released the results of its Primary Mortgage Market Survey in which the 30-year fixed-rate mortgage (FRM) averaged 4.86 percent with an average 0.8 point for the week ending December 30, 2010, up from last week when it averaged 4.81 percent. Last year at this time, the 30-year FRM averaged 5.14 percent.

The 30-year average had fallen steadily for seven months before bottoming out Nov. 11 at 4.16 percent, a record low for the Freddie Mac survey, down from 5.3 percent on April 8. For the year as a whole, 30-year fixed mortgages averaged just below 4.7 percent, which represented the lowest annual average since 1955.

Mortgage Rates 12-30-10
Primary Mortgage Market Survey [Freddie Mac]

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Tiburon compound fetches $6.5 million

Tuesday, December 28th, 2010

Extraordinary family compound on the Tiburon Peninsula, situated on 6.8 acres with deeded and tideland waterfront, sold in December for $6.5 million.

$6,500,000

3910 Paradise Dr

Tiburon, CA

5 beds, 5 baths

0 sqft, 1961 year

Originally listed for $9,992,000, this five bedroom, five bath Tiburon residence features deeded and tideland waterfront, tennis court, pool, extensive gardens and walking trails on mostly level grounds on a private road off Paradise Drive. Expansive patios & decks and poolside bar for intimate or grand-scale entertaining.

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Belvedere contemporary sells for $11.75 million

Thursday, December 23rd, 2010

4 year old Belvedere contemporary home with commanding views of San Francisco, GG Bridge, Sausalito & Mt. Tam, sells for $11.75 million.

$11,750,000

67 Belvedere Ave

Belvedere, CA

5 beds, 7 baths

6000 sqft, 2005 year

Originally listed for $12,995,000, this striking Belvedere home designed by Sutton Suzuki Architects incorporates the highest design and construction quality. It has over 6,000 sq. ft. and features 5 bedrooms, 4 full and 3 half baths, mezzanine office overlooking living/dining area, light-drenched kitchen & breakfast nook with views of the Golden Gate Bridge, a library/media room, plus separate office and studio, view-side terraces, outdoor fireplace, salt water pool & spa, level lawns and more.

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Rare estate in Ross sells for $5 million

Friday, December 17th, 2010

This custom designed home situated on more than 1.15 acres in the flats of Ross recently sold for $5.175m, a steep discount from the original price.

$5,175,000

170 Laurel Grove

Ross, CA

7 beds, 7 baths

6159 sqft, 2004 year

Originally listed for $5,995,000, this rare estate in desirable Ross features 5 bedrooms, 4 baths in the main residence, two guest cottages and a pool house. Set back from the road, this level property is both quiet & serene and makes a wonderful home for entertaining by the pool or enjoying the expansive lawn.

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Hot new Marin homes for December

Wednesday, December 8th, 2010

We track all the new Marin homes for sale, and feature the top properties on the market in Marin County. Here’s the hot new Marin homes…

1. 40 Steven Ct, Fairfax

$1,525,000

5-bedrooms, 4 baths

3822 sqft, 1956 yr

This dramatic 5-bedroom, 4 bath Fairfax home features open & grand-scale design, chef’s kitchen and indoor/outdoor flow – an entertainer’s dream! Main living spaces include master suite with marble bath on one… More Info >>
2. 230 Laurel Grove, Kentfield

$2,600,000

5-bedrooms, 4 baths

4146 sqft, 1939 yr

This large charming home in the Del Mesa area of Kentfield has four bedrooms, three baths and a lot to like: private, level & gated lot, formal living & dining rooms, family room w/ fireplace and French doors leading to patio, sauna, wine… More Info >>
3. 140 Tulane Dr, Larkspur

$1,749,000

4-bedrooms, 3 baths

2550 sqft, 1955 yr

This Larkspur home is a fully rebuilt 4-bedroom, 3 bath finished to the city’s green building standards. It is drenched in natural light by clerestory windows with 12′ ceilings, amazing kitchen setting w/ custom cabinetry, built in breakfast… More Info >>
4. 300 Villa Garden, Mill Valley

$1,175,000

4-bedrooms, 3.5 baths

3077 sqft, 2001 yr

This elegant, contemporary craftsman in Mill Valley has a spacious and open floorplan, featuring four bedrooms, 3 1/2 baths, gourmet kitchen with high-end stainless steel appliances, high ceilings, beautiful hardwood floors and… More Info >>
5. 58 Shady Ln, Ross

$2,275,000

5-bedrooms, 2 baths

2439 sqft, 1906 yr

This gated, classic 1906 shingle-style home is located on one of the most beautiful streets in Ross. The five bedroom, 2 bath features an inviting front porch, wide-planked hardwood floors, batten & board paneling, a stone fireplace and… More Info >>

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Marin home prices up 20 percent in November

Monday, December 6th, 2010

Marin home prices up a whopping 20 percent in November – the 2nd highest level this year so far, just behind April’s record of $1,167,083.

Prices of single-family homes rose 20.4 percent in November compared with October, according to BAREIS MLS® – the Marin MLS provider. Of the 13 cities we track, 10 posted increases, with an average home price of $1,149,119 for Marin County.

Marin home prices were up 23.2 percent in November compared with the same month last year. The impressive year-over-year increase was the first in three months, indicating some renewed strength in the Marin housing market.

Does this mean a rebound is around the corner? It’s hard to say, but probably not. It seems to me that all the indicators continue to predict a slow recovery. What I can say is, this past year has been some of the best home-buying conditions for Marin residents in years – affordable prices, low interest rates and lots of choices.

Market Report 12-06-10

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