Archive for November, 2011

30-year below 4 percent four weeks straight

Wednesday, November 23rd, 2011

Fixed mortgage rates changing little and remaining near their historic lows while adjustable-rate mortgages averaged new record lows.

Freddie Mac today released the results of its Primary Mortgage Market Survey in which the 30-year fixed-rate mortgage (FRM) averaged 3.98 percent with an average 0.7 point for the week ending November 23, 2011, down from last week when it averaged 4 percent. Last year at this time, the 30-year FRM averaged 4.40 percent.

Frank Nothaft, vice president and chief economist at Freddie Mac, reports, “Mortgage rates eased slightly this week with fixed-rate loans hovering above all-time lows and ARMs reaching a new nadir. The high-degree of home-buyer affordability in recent months translated into a 1.4 percent pickup in existing home sales during October, according to the National Association of Realtors (NAR). The NAR also reported that contract cancellations were up in October as well, which restrained sales from achieving a stronger rebound.”

Mortgage Rates 11-23-11
Primary Mortgage Market Survey [Freddie Mac]

Tags: ,
Posted in Marin Market Trends, Marin Real Estate | No Comments »

Hot new Marin homes for November

Thursday, November 10th, 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. 40 Buena Vista Ave, Corte Madera

$2,195,000

5-bedrooms, 4.5 baths

3986 sqft, 2004 yr

Incredible Craftsman-style Corte Madera home brand new in 2004 with five bedrooms, 4.5 baths and detached guest/au-pair cottage on a beautifully landscaped lot. Exquisite attention to detail, 9 Ft ceilings, French doors open… More Info >>
2. 3 Drakes Cove Rd, Larkspur

$1,395,000

3-bedrooms, 3.5 baths

3092 sqft, 2008 yr

Sweeping views of the Bay and Mt.Tam from this state-of-the-art Drake’s Cove Larkspur home. Formal entry, private elevator, gourmet kitchen with Viking appliances, luxurious baths, light filled spaces, lush landscaping… More Info >>
3. 11 Strawberry Lndg, Mill Valley

$2,200,000

4-bedrooms, 3.5 baths

2654 sqft, 1973 yr

Waterfront living at it’s best! Light & spacious 4-bedroom, 3.5 bath contemporary Mill Valley home with deep water boat dock, lush gardens and SF views in a tranquil setting at the end of a private lane. Fantastic for entertaining… More Info >>
4. 3 East Rd, Ross

$1,999,000

3-bedrooms, 2 baths

1781 sqft, 1937 yr

Classic style, exquisite finishes and outstanding execution of interior design blend to create this elegant Ross home. Surrounded by a magical garden bathed in sunlight, enjoy the easy indoor/outdoor flow from the charming patio… More Info >>
5. 623 Biscayne Dr, San Rafael

$2,675,000

4-bedrooms, 4.5 baths

5726 sqft, 1989 yr

Combining the utmost in sophistication and style with a warm, inviting ambiance, this exquisite San Rafael estate is a privilege to call home. The spacious floor plan offers generous sized rooms and is tastefully remodeled… More Info >>

Tags: , , , ,
Posted in Marin Homes for Sale, Marin Real Estate | No Comments »

Marin home prices flat in October

Wednesday, November 9th, 2011

Marin home prices were by and large unchanged in October compared to the month before, gain of 6.7 percent from the previous year.

Prices of single-family homes were down .62 percent in October compared with September, according to BAREIS MLS® – the Marin MLS provider. Of the 13 cities we track, six posted decreases, with an average home price of $1,007,678. Fairfax, Greenbrae, Kentfield and Tiburon posted the biggest monthly decreases. The pace of home sales for October was down 10 percent, 150 vs. 167 in September.

Marin home prices were up 6.7 percent in October compared with last year, $1,007,678 vs. $944,592 in October 2010. During the same period, the pace of Marin home sales was identical, 150 last month vs. 150 in 2010.

Area

Average

Sale Price

Median

Sale Price

Total

Sales

Avg.

DOM
All Marin
 $1,007,678
$752,500
150
83
Belvedere
 $2,430,000
$2,430,000
2
23
Corte Madera
 $835,400
$817,500
8
73
Fairfax
 $604,250
$515,750
6
77
Greenbrae
 $932,500
$932,500
2
99
Kentfield
 $1,651,250
$1,475,000
4
23
Larkspur
 $1,302,971
$1,250,000
8
44
Mill Valley
 $1,226,040
$1,049,000
25
77
Novato
 $526,559
$520,000
 35
102
Ross
 $8,325,000
$8,325,000
2
90
San Anselmo
 $1,084,491
$848,000
7
72
San Rafael
 $724,830
$700,000
33
98
Sausalito
 $1,268,750
$970,000
4
112
Tiburon
 $1,561,570
$1,300,000
5
53

Tags: ,
Posted in Marin Market Trends, Marin Real Estate | No Comments »

Belvedere Island home tucked behind private gates

Tuesday, November 1st, 2011

Located atop Belvedere Island & tucked behind private gates, this world-class estate boasts unobstructed 270-degree showcase SF Bay views.

$7,750,000

244 Golden Gate Ave

Belvedere, CA

7 beds, 4 baths

5890 sqft, 1916 year

More Info >>

This world-class Belvedere estate boasts grand interiors, park-like grounds & unobstructed 270-degree showcase views spanning SF Bay, Bay Bridge, SF Skyline, GG Bridge, Sausalito & Mt. Tam. This magnificent family home embodies the warmth, wealth & beauty of the best of Belvedere living & entertaining. The interiors boast modern amenities yet pay homage to timeless turn-of-the-century elegance.

Tags: , , ,
Posted in Marin Homes for Sale, Marin Real Estate | No Comments »