Marin County Market Update | Q1 2014

All data within this document is pulled from the Bay Area Real Estate Information Services (BAREIS)

Marin County Market UpdateFirst Quarter 2014SAn FRAnCISCo BRokERAgE

117 greenwich Street

San Francisco, CA 94111

t. 415.901.1700

sothebyshomes.com

Tiburon, CA | web: 0085342

http://www.sothebyshomes.com/San-Francisco-Real-Estate


A MESSAGE FROM OUR MANAGER: Jeffrey G. Gibson

The first quarter of 2014 produced a strong quarter for Marin County real estate sales compared to the first quarter of 2013 according to the Bay Area Real Estate Information Services (BAREIS). The robust market trends of San Francisco continued into Marin County, which demonstrated an increase in sales prices and sales volume. Multiple offers have become common and many homes, particularly those in Ross, Kentfield and Mill Valley, are selling for more than the asking price.

The average sales price for single-family homes (SFH) in Marin County increased 30 percent, from $1,057,965 in 2013 to $1,379,210 in 2014. The average sales price in Sausalito increased from $1,573,150 in 2013 to $1,991,584 in 2014 - 27 percent change. The following charts depict market details of Marin County, Sausalito, Mill Valley, Tiburon, Belvedere, Ross and Kentfield.

MARIN COUNTy MARKET SUMMARy (SFH)

MIll VAllEy SUMMARy (SFH)

Average sales price of single-family homes in Marin

County increased 30 percent, from $1,057,965 in the first

quarter of 2013 to $1,379,210 in the first quarter of 2014.

The total number of sold units decreased three percent,

while the number of sold units in the $1-3 million range

increased 23 percent. There was a significant jump in the

number of sales of homes more than $3 million - from 12

units sold in 2013 to 38 units sold in 2014. The total sales

volume in Marin County increased from $454,924,758 in

2013 to $573,751,557 in 2014 - a 26 percent increase.

Mill Valley real estate demonstrated positive market

trends in the first quarter of 2014, with an increase in

sales price and sales volume. The average sales price

of SFH jumped 48 percent - from $1,129,701 in 2013 to

$1,675,198 in 2014. The number of sold units in the $1-3

million price range increased from 23 sold units in 2013 to

39 in 2014. The total sales volume in Mill Valley increased

from $67,781,050 in 2013 to $102,187,053 in 2014- a 51

percent change. The total sales volume of homes more

than $3 million jumped from $7,053,000 in 2013 to

$29,399,000 in 2014.

Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. operated by Sotheby’s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.

12%

59%

29%

Q1-2014 MILL VALLEY VOLUME

< $1,000k

$1,000k - $3.0M

$3.0M and up

27%

45%

28%

Q1-2014 - MARIN COUNTY VOLUME

< $1,000k

$1,000k - $3.0M

$3.0M and up

http://www.sirsanfranciscomanager.com/

3

SINGLE FAMILY HOME SALES

Across the golden gate Bridge from San Francisco lies Marin County, an

area renowned for its natural beauty. Marin County is home to Muir Woods

redwood forest, the Marin Headlands, Stinson Beach, the Point Reyes

national Seashore and Mount Tamalpais. Most of the county’s population

resides on the eastern side, with the interior of the city consisting of large

areas of agricultural and open space.

MARIN COUNTy

PRICE RANGE 2011 2012 2013 2014 % CHANGE(2014 v 2013)

Up TO $1 MIllION 285 307 286 215 -25%

$1 - $3 MIllION 94 109 132 163 23%

$3 MIllION ANd Up 8 14 12 38 217%

TOTALS 387 430 430 416 -3%

Q1 CLoSED UnITS: # oF SIDES (SFH)


Up TO $1 MIllION $172,012,151 $177,527,070 $199,162,841 $154,751,912 -22%

$1 - $3 MIllION $147,119,370 $169,195,085 $204,587,617 $255,425,645 25%

$3 MIllION ANd Up $35,165,000 $59,564,500 $51,174,300 $163,574,000 220%

TOTALS $354,296,521 $406,286,655 $454,924,758 $573,751,557 26%

Q1 CLoSED VoLUME (SFH)


Up TO $1 MIllION $603,551 $578,264 $696,374 $719,776 3%

$1 - $3 MIllION $1,565,100 $1,552,248 $1,549,906 $1,567,028 1%

$3 MIllION ANd Up $4,395,625 $4,254,607 $4,264,525 $4,304,579 1%

TOTALS $915,495 $944,853 $1,057,965 $1,379,210 30%

Q1 AVERAgE SALES PRICE (SFH)

$- $200,000 $400,000 $600,000 $800,000

$1,000,000 $1,200,000 $1,400,000 $1,600,000

2011 2012 2013 2014

Average List Price Average Sales Price

360

370

380

390

400

410

420

430

440

2011 2012 2013 2014

$-

$100,000,000

$200,000,000

$300,000,000

$400,000,000

$500,000,000

$600,000,000

$700,000,000

2011 2012 2013 2014




4SERVIng MARIn CoUnTy AnD SAn FRAnCISCo sothebyshomes.com/sanfrancisco


Mill Valley, about 14 miles north of San Francisco, is located on the western and

northern shores of Richardson Bay. Mill Valley is known for being a town with

a strong artistic heritage, with its many art galleries and town sponsorship of

the Mill Valley Film Festival, which is part of the California Film Institute. The

combination of Mill Valley’s idyllic location beneath Mount Tamalpais and

its ease of access to San Francisco has made it a popular home for many

commuters.

MIll VAllEy


Up TO $1 MIllION 30 24 35 15 -57%

$1 - $3 MIllION 26 26 23 39 70%

$3 MIllION ANd Up 0 2 2 7 250%

TOTALS 56 52 60 61 2%



Up TO $1 MIllION $22,598,661 $17,330,000 $27,108,050 $12,162,500 -55%

$1 - $3 MIllION $37,709,420 $38,239,000 $33,621,000 $60,625,553 80%

$3 MIllION ANd Up n/a $6,625,000 $7,053,000 $29,399,000 317%

TOTALS $60,308,081 $62,194,000 $67,782,050 $102,187,053 51%



Up TO $1 MIllION $753,289 $722,083 $774,516 $810,833 5%

$1 - $3 MIllION $1,450,362 $1,470,731 $1,461,783 $1,554,501 6%

$3 MIllION ANd Up n/a $3,312,500 $3,526,500 $4,199,857 19%

TOTALS $1,076,930 $1,196,038 $1,129,701 $1,675,198 48%


$- $200,000 $400,000 $600,000 $800,000

$1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000

2011 2012 2013 2014


46

48

50

52

54

56

58

60

62

2011 2012 2013 2014

$-

$20,000,000

$40,000,000

$60,000,000

$80,000,000

$100,000,000

$120,000,000

2011 2012 2013 2014




5


The quaint residential towns of Ross and kentfield, with their small-town feel,

tree-covered hills, winding creeks, graciously landscaped streets and gardens,

serve as an ideal oasis for both locals and visitors alike. Ross is located just

north of San Francisco and is bordered by kentfield and greenbrae to the

east. kentfield is home to the main campus for the College of Marin, which is

well known for its theatre department.

ROSS and KENTFIEld


Up TO $1 MIllION 3 4 1 2 100%

$1 - $3 MIllION 7 6 16 10 -38%


TOTALS 14 12 20 16 -20%



Up TO $1 MIllION $1,976,000 $2,690,000 $960,000 $1,655,000 72%

$1 - $3 MIllION $11,690,000 $10,995,000 $27,618,890 $18,585,000 -33%

$3 MIllION ANd Up $21,215,000 $9,050,000 $13,550,000 $16,405,000 21%

TOTALS $34,881,000 $22,735,000 $42,128,890 $36,645,000 -13%



Up TO $1 MIllION $658,667 $672,500 $960,000 $827,500 -14%

$1 - $3 MIllION $1,670,000 $1,832,500 $1,726,181 $1,858,500 8%

$3 MIllION ANd Up $5,303,750 $4,525,000 $4,516,667 $4,101,250 -9%

TOTALS $2,491,500 $1,894,583 $2,106,445 $2,290,313 9%


$-

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

2011 2012 2013 2014


-

5

10

15

20

25

2011 2012 2013 2014

$-

$5,000,000

$10,000,000

$15,000,000

$20,000,000

$25,000,000

$30,000,000

$35,000,000

$40,000,000

$45,000,000

2011 2012 2013 2014




6SERVIng MARIn CoUnTy AnD SAn FRAnCISCo sothebyshomes.com/sanfrancisco


The waterfront town of Sausalito is located just across the golden gate Bridge

from San Francisco. The charming town offers an array of boutique shops,

art studios and galleries, restaurants and outdoor cafes and bistros, many

with incredible views of the San Francisco Bay and city skyline. Sausalito is

adjacent to the protected areas of the golden gate national Recreation Area,

a popular camping and tourist destination.

SAUSAlITO


Up TO $1 MIllION 6 5 4 2 -50%

$1 - $3 MIllION 6 8 3 9 200%


TOTALS 12 13 8 15 88%



Up TO $1 MIllION $4,511,698 $3,486,000 $3,003,900 $1,215,000 -60%

$1 - $3 MIllION $11,033,000 $14,054,000 $5,480,000 $12,718,734 132%

$3 MIllION ANd Up n/a n/a $4,101,300 $15,940,000 289%

TOTALS $15,544,698 $17,540,000 $12,585,200 $29,873,734 137%



Up TO $1 MIllION $751,950 $697,200 $750,975 $607,500 -19%

$1 - $3 MIllION $1,838,833 $1,756,750 $1,826,667 $1,413,193 -23%

$3 MIllION ANd Up n/a n/a $4,101,300 $3,985,000 -3%

TOTALS $1,295,392 $1,349,231 $1,573,150 $1,991,582 27%


$-

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

2011 2012 2013 2014


-

2

4

6

8

10

12

14

16

2011 2012 2013 2014

$-

$5,000,000

$10,000,000

$15,000,000

$20,000,000

$25,000,000

$30,000,000

$35,000,000

2011 2012 2013 2014




7


Tiburon occupies most of the Tiburon Peninsula, while the smaller city of

Belvedere occupies the southeast portion of the Peninsula. Tiburon is a

popular town amongst commuters and tourists, linked by ferry services

to San Francisco. The town offers a high concentration of restaurants and

boutiques and is the closest mainland point to Angel Island. Belvedere is

home to many properties renowned for their spectacular views of the Bay

Area, Angel Island, San Francisco, Sausalito, the golden gate Bridge and

Mount Tamalpais.

TIBURON and BElVEdERE


Up TO $1 MIllION 4 4 1 1 0%

$1 - $3 MIllION 19 23 24 19 -21%

$3 MIllION ANd Up 3 7 5 18 260%

TOTALS 26 34 30 38 27%



Up TO $1 MIllION $3,039,800 $3,378,500 $791,000 $945,000 19%

$1 - $3 MIllION $33,733,000 $41,243,585 $43,643,000 $40,311,130 -8%

$3 MIllION ANd Up $10,800,000 $33,189,500 $23,295,000 $80,280,000 245%

TOTALS $47,572,800 $77,811,585 $67,729,000 $121,536,130 79%



Up TO $1 MIllION $759,950 $844,625 $791,000 $945,000 19%

$1 - $3 MIllION $1,775,421 $1,793,199 $1,818,458 $2,121,638 17%

$3 MIllION ANd Up $3,600,000 $4,741,357 $4,659,000 $4,460,000 -4%

TOTALS $1,829,723 $2,288,576 $2,257,633 $3,198,319 42%


$-

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

$4,000,000

2011 2012 2013 2014


-

5

10

15

20

25

30

35

40

2011 2012 2013 2014

$-

$20,000,000

$40,000,000

$60,000,000

$80,000,000

$100,000,000

$120,000,000

$140,000,000

2011 2012 2013 2014




PARAdISE COvE RESIdENCE Web Id: 0086379 | $6,995,000

See and hear the bay from this recently built

Tiburon Estate. This gated 7bd/8.5ba is uniquely

located in paradise Cove, enjoying deeded access

to a gorgeous long sandy beach.

Isobel Wiener & danielle Chavanon | 415.730.5556

TRAdITIONAL ‘OLd ROSS’ ESTATEWeb Id: 0086490| $4,495,000

This beautiful 5bd/5ba traditional home is

situated on approximately 3 acres in beautiful Old

Ross. French doors lead to the landscaped yards,

level lawn, patios and swimming pool with spa.

dana Johnson | 415.306.3824

PARAdISE IN TIbuRONWeb Id: 0086674| $1,950,000

Situated in a serene neighborhood, this

3bd/2.5ba home has an open floor plan, gourmet

kitchen, and 1,000+ bottle wine cellar. It is the

ideal home for entertaining.

Kara Warrin & paul Warrin | 415.901.1763

featured properties




Auction & Exhibition Calendar 2014

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Shown Above Left: WILLARD LEROY METCALF (1858 – 1925)A SEASIDE PASTURESIGNED W L METCALF (LOWER LEFT)OIL ON CANVASPAINTED IN 1910.26 BY 29 INCHES (66 BY 73.7 CM) AMERICAN PAINTINGS, DRAWINGS & SCULPTURE NEW YORK 16 APRIL 2014

NEW YORK APRIL 1 A Modern Library: The Gordon Waldorf

Collection 1 John James Audubon: The Birds of America,

The Viviparous Quadrupeds of North America 1 The Inventive Eye: Photographs from a

Private Collection 2 Photographs 8 Important Russian Works of Art, European

Silver, and Vertu 16 American Paintings, Drawings & Sculpture29 Magnificent Jewels

LONDON APRIL 1 Made in Britain 8 The Orientalist Sale 9 Arts of the Islamic World 16 Finest and Rarest Wines 29 Furniture Collections 29 Travel, Atlases, Maps & Natural History 30 Old Master & British Paintings

PARIS APRIL 1 Picasso and the Nude: Fifty Drawings from

the Marina Picasso Collection

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Documents

Marin County Market Update | Q1 2014