February 2012

Found 17 blog entries for February 2012.

Yes, I know that this is on the other side of the GG Bridge, however as I sell real estate in both San Francisco and Marin, I thought I'd write a quick update. Here's a very important thing you should know about the SF real estate market for the first two months of 2012: things are really heating up! If you are thinking of buying or selling, please keep reading....

First, let's get the "official" report out of the way:  I have the February 2012 issue of the SFAR "Market Focus Report" that I can share with you. This is a monthly analysis of the San Francisco real estate market, complete with neighborhood statistics, predictions & other useful information.  If you would like this report, please email me and I will forward it to you.

The 2/12 report says

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In my experience as a Realtor® and long-time resident in Marin County, it's become clear that proximity to the naturally beautiful landscapes of hillsides, lakes and the coast draws many homebuyers to Marin. Along with questions about the quality of schools, length of the commute into the City and/or the local tax rate, it's not uncommon to hear questions about where to ride a bike or do some hiking.

For the nature-lovers as well as health-minded, below are lists of some of Marin's finest trails.  Some are well-known and well-traveled, while a few lesser-known trails are offered for those who want to try something new and, in some instances, more challenging.

Some Well Known Trails in Marin

Tennessee Valley Trail: From the parking lot, the

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First Time Home Buyer Questions: Part 2

Will I lose my deposit money?


One good thing that came out of the real estate market crash is the safeguards that were put into place to protect buyers and sellers and their money.

In a typical residential real estate transaction a buyer will put down 1-3% of the purchase price as a deposit called a "good faith deposit". The 3% represents the amount of money a buyer can lose if they default on the contract. The 3% deposit monies sit in an escrow account until the close of escrow or the transaction is complete.

In what instances would I be in default? Built into the contract are contingencies. The contingencies allow for the buyer to inspect the property, seller disclosures, get an appraisal

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Who knew a hardware store could make me so happy. Well it can and did. All of us up in the northern part of San Rafael  94903  (Terra Linda, Santa Venetia, Marinwood, Lucas Valley etc.) have been without an easy to get to hardware store ever since Pacific Lumber & Hardware closed a few years ago.   Recently I was getting some repairs done in my house and the handyman needed a special light switch. I had about 15 minutes to get it otherwise he was going to have to come back. Luckily Marin Ace Hardware had just opened its doors. My problem was solved quick and easy, as they are located conveniently off the 101 freeway at 180 Merrydale (formerly The Sizzler at 3725 Redwood Highway).

I have been in there now a few more times and the service is great! I

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I am pleased to announce another closed sale at 1378 Florida St. in San Francisco.  This is a newly built upper floor condominium located in the hot Inner Mission neighborhood.  The property's classic Victorian Italianate facade has been lovingly restored and recently redeveloped.  The architectural design is stunning, with expansive interior spaces, oversized windows and spectacular vaulted ceilings in the bedrooms. Custom finishes include designer porcelain tile throughout, sustainable bamboo floors, kitchen by Bosch and more. The home has two levels with three bedrooms, 2 baths, and two large decks with views.

I represented the buyers of this amazing property; a few weeks ago, we viewed it during the very first public Sunday Open House. Both

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As an east coast transplant, I love meeting new people and hearing why they love living in Marin County. I was able to catch up with a few more Marin residents, here's what they had to say:

I chose to live in Larkspur because of the convenience to the freeway. The town itself is filled with natural beauty and great trails for hiking. Larkspur is centrally located and has the best downtown area for shopping and eating at great restaurants. The weather is absolutely amazing and I can get to the East Bay to visit my family very easily. - Jocelyn, Larkspur

I love living in San Rafael, specifically the Dominican neighborhood because of the location to the college. It's a beautiful setting; I have Redwood trees in my backyard. I'm a 5 minute walk into

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Set in one of my favorite places, Lucas Valley, this gorgeous single level resort style home will be taking on new owners! I am pleased to have helped another wonderful couple relocate from San Francisco to Marin. Even though the house is in immaculate condition, I was able to negotiate a great selling price and even more  credit at closing. I know my buyer clients will enjoy the perks of the property-pool, spa, and garden. Not to mention the beauty of the area-endless rolling hills of open space, amazing sunsets and wide open sky. My clients found that when they expanded their search area, they were able to get everything on their wish list... proving once again, keep an open mind and be willing to look in areas you might not have!

If you want an

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Well by statistical data, the months of inventory of housing in Marin would indicate that it is a STRONG seller's market in Marin.  The number of months it would take for Realtors to sell all of the inventory currently available for sale in Marin is 1.8 months.  4.5 months would be considered a balanced market.  Above 4.5 months, the market signs indicate the negotiation power is in the buyer's favor.  

With inventory being at an all time low for the last decade, interest rates at historic lows, consumer spending up, global economies trying to correct themselves, technology companies booming, jobless rate decreasing and home sales increasing, buyers are determining this is the time to get into the real estate market.  The bottom of the market has revealed…
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marin home sales marin ij headline 2012. 

Earlier this week the Marin Independent Journal ran an article which highlighted a trend we've noticed the last few months.   Specifically, a trend towards increased buyer competition for select properties as more buyers enter the market and have less inventory to choose from, driving prices upward.

As indicated in the article, January 2012 saw:

  • an 8% increase in the median single family home price in Marin year-to-year, and
  • a 15% increase in the total number of sales. 

Strong demand and low inventory have increased competition for real estate estate in Marin; furthermore there are fewer Marin foreclosures for sale which is another trend we've witnessed over the past few months. 

If you are thinking of selling a home in Marin County, please

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Rebecca & Hilary Just Sold This Listing For $26K Over Asking with Multiple Offers!  I am pleased to announce that the sale of this 2+bedroom/1 bathroom house in the Outer Richmond neighborhood closed escrow yesterday for the amazing price of $625K after receiving multiple offers.  I listed the property along with Hilary Davis, my Marin Modern associate, and we worked together to clean, prepare & stage the house for our seller clients.  It took a few weeks, but we arranged a full interior paint job, refinishing of the hardwood floors, re-installation of new carpet, landscaping & other miscellaneous preparations and by the time we were ready, the house really sparkeled!  We held one very busy Open House and one Broker's Tour and received five offers.  It

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