A gorgeous Mill Valley home before it goes on MLS!

There are a lot of Previews for new listings in both Marin County and Wine Country real estate this week-end. I am showing my off market listing linked here – http://www.3Beverly.com on Saturday. For buyers who don’t do well when there is competition, it is a chance to submit an offer for a gorgeous Mill Valley home before it goes on MLS! Close to town, remodeled, and the desirable Middle Ridge neighborhood.

 

Mill Valley Remodel – Not on MLS

Tired of multiple offers? Sellers want a quick, quiet sale on this gorgeous 3 BR, 3 BA Mill Valley home. Not going on MLS until the week after the 4th, so now is the time to snap up this gem. Great room with stone fireplace and view of the redwoods. Stunning master bedroom suite with huge dressing area, sitting room and sparkling master bath. Remodeled kitchen w quartz counters. Magical Middle Ridge location – close to downtown Mill Valley! Price not yet determined – somewhere between $1.75 and $1.85 for a 2,279 sq ft home. See this off market home by contacting realtor Julie Leitzell.

Contact information at: JulieLeitzell.com

Sonoma County Town Named Among ’10 Coolest Small Towns in America’

Why We Have More Real Estate Deals – Sonoma Named Top 2 Coolest Small Towns in US

The team at Budget Travel, the online destination for those of us looking to see more of the United States for less money, has spent the last thirteen years scouting out great deals across the country. As part of this effort, they’ve released an annual top 10 list of the “coolest small towns in America.” This year, the second spot goes to our very own charm capital – Sonoma.

Listed alongside nine other US towns with populations of less than 20,000 – but with plenty of “culture, community, nature and food” – Sonoma came in after Beacon “a haven for artists, artisans, chefs, and environmentalists,” in New York. Budget Travel describes Sonoma as a “wine lover’s paradise,” and a “theme park for grownups,” an expression often used by Sonoma residents to describe their neighbor to the east: Napa Valley. In Sonoma, wine tastings are half the price, and restaurants half the pretentious, of those across the county border. Good things to take into account if you’re on a budget.

As is to be expected, Sonoma made Budget Travel’s list in great part thanks to its diverse selection of top notch restaurants and the “chic wine-tasting rooms that line the Plaza.” But the town also receives praise for its “forward-thinking preservationists,” who have helped ensure that the historic San Francisco Solano Mission, as well as many other historic buildings, are maintained for generations to come, something that will please history and architecture buffs.

While many folks living in Sonoma scoff at the idea of Sonoma being “budget friendly,” Budget Traveldescribes the Best Western Sonoma Valley Inn as a “bargain” at under $200 a night and suggests the El Dorado Hotel & Kitchen for a “splurge.”

Sonoma resident Gary Saperstein, Interim Executive Director of Experience Sonoma Valley, comments on the article: “[Budget Travel’s] experts have recognized something our community, and returning travelers, have known for a long time – just how special the town of Sonoma is,” he said, “A true year-round destination, Sonoma – as well as the larger Sonoma Valley region – encourages travelers to partake in our fun, friendly and beautiful wine country lifestyle.”

Check out which other small towns made the cut here.

Looking for more things to do in Sonoma County? Click here

Source

BEST ON MARIN AND SONOMA REAL ESTATE TOUR

This week, my focus is on the $1.35 – $1.6 range. Sonoma favs are 1 modern and 1 classic East Side w unit. Two of my favorite wine country neighborhoods!

The last photo is Corte Madera – great schools, needs work, $1,345,000. Touring in both Sonoma and Marin, a big difference!

Marin May Market Report | April 2018 Data

April marked a record 91st consecutive month of job gains while the unemployment rate dropped to 3.9%, the lowest since 2000. Economic output in the form of GDP is growing as well.  The Commerce Department reported that in the first quarter of 2018, Real GDP grew at an annualized rate of 2.3%—the best first quarter growth since 2015. Interest rates have been profoundly low until quite recently but higher interest rates are expected as GDP grows and large federal deficits begin to appear.

Market Snapshot

In Marin County, April’s real estate market began its seasonal up-tick with 196 homes sold during the month, an increase of 45% from March. However, compared with the same month last year, the number of sales were down 7%. The Average Sale Price also increased to $1,735,606, up 8% from March and 8% compared to April 2017. Luxury market sales in April were soft, with 17 homes sold above $3 million, compared with 27 homes sold in April of 2017. There was one notable sale of $10 million in Belvedere—the highest sale in the county year-to-date, Golden Gate Sotheby’s International Realty represented both the buyer and the seller in that transaction. The majority of sales continue to be homes in the $1-2 million range, with 110 sold in April.

Number of Homes Sold

Sales in April were down 7% compared to the same month last year. The number of home sales in April was up 45% from last month, with a total of 196, as a result of anticipated seasonal increases in activity.

Average Price Sold

The Average Sale Price of Marin Single Family Homes was $1,735,606 in April, up 8% compared to March and up 8% compared to the same month last year. This represents the highest average price point over the last year and was buoyed by the sale of the $10,000,000 Belvedere estate.

In Contract by Area

San Anselmo had the highest percentage of Homes in Contract in April (48%), followed by Mill Valley (43%), Fairfax (39%) and Novato (38%). Less active markets included Larkspur (18%), Tiburon (17%) and Greenbrae (15%).

 

Home Sales by Area

San Rafael and Novato had the highest number of sales in April at 53 and 45, respectively. Belvedere had the highest maximum sale price at $10,000,000, followed by Ross at $6,539,000 and Tiburon at $5,260,000. San Rafael’s highest sale at $5,550,000 is also significant and we have seen an increase in sales in the luxury market in San Rafael.

Sales by Price Point

The highest number of homes sold (110) continues to be in the $1-2 million range. The activity in the luxury market was slow in April, with only 5 homes sold in the $4-5 million range. A notable 8 homes sold between $3-4 million.

Coming soon: Unique Waterfront opportunity near downtown Larkspur

Must see video

Enjoy a unique waterfront lifestyle in Larkspur’s premiere home on Boardwalk One. Canoe or paddleboard off your own dock then enjoy the gourmet restaurants and shops just blocks away in historic downtown Larkspur. Built in 1989, this stunning home features a great room with water view and spectacular uniquely crafted beamed barrel ceiling reaching 15 feet high. Chef’s kitchen with Wolf range and two remodeled spa-like baths. En suite master includes office and dressing areas and enjoys a view of the wetlands. Huge loft area offers many possibilities. Solidly built, reinforced foundation. 1958 square feet, 2+ BRs, 2 BAs. Close to the Larkspur Ferry and bike paths, the serenity and easy commute can’t be beat!

Offered at $1,375,000

Not yet on MLS, Larkspur Real Estate, Marin, off market, Marin Real Estate, Water views

Event Calendar

I thought you would enjoy this calendar that features Marin and Sonoma County film and music festivals, art shows, farmer’s markets, etc. Click on it to make the font larger.

“The purpose of life is to live it, to taste experience to the utmost, to reach out eagerly and without fear for newer and richer experience.”
– Eleanor Roosevelt

Bay Area home prices rise further as Santa Clara County joins $1 million club

Today’s San Francisco Chronicle article on home prices includes information on an important ballot initiative and a chart showing each county’s year-over-year price change. It’s important to note the only county that remained flat on that chart is Sonoma County. What that looks like on the ground in the wine country after the fires is some neighborhoods have increased in value, some are in a holding pattern while buyers weigh the impact of the fires, and others will most likely lose value. There are value opportunities in areas that one would judge as relatively safe in a fire, but perhaps slightly up in the hills.

The possibility of an initiative on the ballot that allows seniors to transfer their property tax base across county lines may have a huge impact on housing inventory and therefore home prices as early as next year. It’s a fact that those who have owned their home for decades are reluctant to go anywhere due to the low property taxes they are paying. While they have the opportunity to move once and keep that low tax base, the current law restricts them to the same county. In Marin, that means senior citizens have nowhere to move if they have interest in cashing out of a multi-story home that needs a lot of maintenance and moving to a more affordable area.

If the property tax initiative were to pass, high priced counties like Marin, San Francisco and Santa Clara would see an increase in inventory as more seniors have the ability to downsize to lower-priced areas like Napa and Sonoma Counties. Conversely, prices may increase in those less populated counties. It’s a trend that may have already started with the advent of telecommuting and flexible schedules. For those concerned with the rising home prices near San Francisco and Silicon Valley, this initiative would be the solution in my opinion that would have the most impact. I have not read and analyzed it yet, though… so I’m as in the dark as the U.S. Congress is passing a 2200 page budget.

Read the full SF Chronicle article here.