Archive for September, 2011

Mortgage rates lowest on record ever

Thursday, September 29th, 2011

Fixed mortgage rates fell to all-time record lows this week, the conventional
30-year fixed mortgage averaged 4.01 percent.

Freddie Mac today released the results of its Primary Mortgage Market Survey in which the 30-year fixed-rate mortgage (FRM) averaged 4.01 percent with an average 0.7 point for the week ending September 29, 2011, down from last week when it averaged 4.09 percent. Last year at this time, the 30-year FRM averaged 4.32 percent.

Frank Nothaft, vice president and chief economist at Freddie Mac, reports, “Fixed mortgage rates fell to all-time record lows this week following the Federal Reserve’s announcement of its Maturity Extension Program and additional purchases of mortgage-backed securities. Interest rates for ARMs, however, were nearly unchanged as the Federal Reserve plans to sell $400 billion in short-term Treasury securities, which serve as benchmarks for many ARMs.”

Mortgage Rates 9-29-11
Primary Mortgage Market Survey [Freddie Mac]

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$4.7m sale for vintage Ross property

Tuesday, September 20th, 2011

This turn-of-the-century, newly remodeled four bedroom, 3.5 bath vintage Ross property on one level acre sold in September for $4.7 million.

$4,781,000

12 Norwood Ave

Ross, CA

4 beds, 3.5 baths

4500 sqft, 1914 year

Originally listed for $5,495,000, this 4,500 sq. ft. newly remodeled four bedroom, 3.5 bath vintage property sits on a level acre in the heart of Ross. A wonderful estate setting with gated entry, pool and extensive grounds. Property is bordered by a creek, mature landscaping & beautiful trees and affords lots of privacy.

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Newly built Sausalito view home

Friday, September 16th, 2011

This newly built 4 bedroom, 3.5 bath Sausalito home is composed of glass, steel, stone, concrete & wood and offers pristine views of the Bay.

$3,195,000

4 Lower Crescent

Sausalito, CA

4 beds, 3.5 baths

3366 sqft, 2010 year

More Info >>

The architectural design of this newly built 4 bedroom, 3.5 bath home creates privacy, while framing the spectacular Bay views. The subtle integration into the terraced landscape creates several outdoor living areas. The light-filled spaces are composed of glass, steel, stone, concrete and wood. The grand-scale main floor is designed for entertaining and will offer a pristine view of the 2013 America’s Cup.

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Tiburon contemporary sells for $6.5 million

Monday, September 12th, 2011

This stunning, newly constructed 3 bedroom, 2.5 bath Tiburon contemporary with riveting views spanning the Bay sold in September for $6.5 million.

$6,500,000

465 Ridge Rd

Tiburon, CA

3 beds, 2.5 baths

4583 sqft, 2004 year

Originally listed for $7,500,000, this 4,500 sq. ft. newly constructed 3 bedroom, 2.5 baths Tiburon contemporary home has riveting views spanning the San Francisco skyline, Bay and Golden Gate Bridge. Expansive level lawns, private terraces, amazing indoor/outdoor living, smart and green home integration.

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Marin home prices inch up in August

Thursday, September 8th, 2011

Marin home prices up 1 percent last month from the previous, the number of home sales was up marginally during the same period.

Prices of single-family homes were up 1 percent in August compared with July, according to BAREIS MLS® – the Marin MLS provider. Of the 13 cities we track, five posted increases, with an average home price of $997,462. Ross, Sausalito and Tiburon posted the biggest monthly increases. The areas hit hardest were Belvedere, Corte Madera, Novato and San Anselmo. The pace of home sales for August was about the same, 175 vs. 173 in July.

Marin home prices were up 3 percent in August compared with last year, $997,462 vs. $971,115 in August 2010. During the same period, the pace of Marin home sales was up a whopping 23 percent, 175 last month vs. 137 in 2010.

As in months past, the Marin real estate market’s latest figures remain tepid. Sustained uncertainty about the U.S. economy is cooling the market. This lukewarm environment has resulted in a stalled housing market. Still, Marin is much better off than other parts of the country. Marin home prices remain stable, yet some areas are faring better than others. For buyers, prices are down dramatically from the recent peak and interest rates remain low. It’s a winning scenario for homebuyers.

Area

Average

Sale Price

Median

Sale Price

Total

Sales

Avg.

DOM
All Marin
 $997,462
$777,903
175
75
Belvedere
 $2,556,250
$2,475,000
4
175
Corte Madera
 $782,106
$777,500
11
67
Fairfax
 $519,667
$450,000
3
51
Greenbrae
 $1,314,750
$1,325,000
4
20
Kentfield
 $1,116,667
$1,000,000
3
90
Larkspur
 $1,394,375
$957,000
8
93
Mill Valley
 $1,229,665
$1,125,000
20
93
Novato
 $566,031
$520,000
 37
76
Ross
 $1,453,750
$1,402,500
4
80
San Anselmo
 $815,917
$761,000
12
50
San Rafael
 $847,145
$690,000
35
69
Sausalito
 $1,704,600
$1,840,000
5
77
Tiburon
 $1,946,021
$1,572,500
12
84

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Hot new Marin homes for September

Wednesday, September 7th, 2011

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. 312 Beach Rd, Belvedere

$3,700,000

6-bedrooms, 3 baths

3067 sqft, 1909 yr

Circa 1909, originally designed by Albert Farr, this elegant historic Belvedere home is not to be missed! The moment you enter the white wrought iron gate you are greeted by lush, mature landscaped terraces. The main level… More Info >>
2. 300 Summit Dr, Corte Madera

$1,485,000

5-bedrooms, 3.5 baths

2547 sqft, 1916 yr

This magical hilltop property features an open floor plan and showcases spectacular views throughout. The five bedroom, 3.5 bath Corte Madera home greets you with graceful hardwood floors, a classically elegant Chef’s kitchen and… More Info >>
3. 401 Headlands Ave, Mill Valley

$1,850,000

4-bedrooms, 4.5 baths

3398 sqft, 1997 yr

This expansive one of a kind 4 bedroom, 4.5 bath Mill Valley home has breathtaking views of Tennessee Valley. Minutes to the Golden Gate Bridge, the Marin lifestyle, excellent school system with easy access to San Francisco… More Info >>
4. 11 Glen Ct, Sausalito

$1,450,000

3-bedrooms, 2 baths

2278 sqft, 1919 yr

Very special 1920’s Brown-Shingle remodel. Unique Tree House design with walls of glass capture striking SF Bay, Marina & Mt Tam views! Three bedrooms, 2 baths + study, formal living plus family/kitchen combo w/ BIG windows… More Info >>
5. 208 Jamaica St, Tiburon

$1,285,000

3-bedrooms, 2 baths

2236 sqft, 1967 yr

Lovely 1-level waterfront Tiburon home with boat dock located on the deep water channel. Private front flagstone patio as well as generous, beautifully landscaped waterfront patio with hot tub. Spacious home with 3+ bedrooms… More Info >>

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