Kyle Frazier, J.D., Broker Associate Ι Pacific Union International | Christies International Real Estate | (415) 350-9440

Marin Luxury Properties Report Pacific Union International – Christie’s Great Estates | Marin County, CA Luxury Home Sales (May 2011)

Pacific Union Int’l – Christie’s Great Estates | Marin County, CA Luxury Home Sales (May 2011) — As expected, April 2011 luxury home sales increased — we had 14 trades (there were 9 in January and just 7 in February 2011). While international events of the past several months have been a roller coaster, it appears the stock market’s rally is unabated. Many believe that the overall economic and housing environments are improving, particularly in the Bay Area where the recovery in real estate is being spearheaded by San Francisco. There are extraordinary opportunities available right now for buyers. Pricing in the marketplace (especially for homes that started off overpriced) is soft and “value” is evident in virtually every corner and every price segment of the luxury market. In line with normal seasonal adjustments, the inventory of luxury homes has risen over the past month — 144 properties are in the MLS over $2 million in Marin (this is somewhat lower than years past as many home value have dipped below $2 million).

Marin County cities recording luxury home sales between $2 million and $4 million in March 2011 included: Tiburon (2), Belvedere (4); Kentfield (2), and Mill Valley (1); Greenbrae (2); San Anselmo (1). These homes averaged 90 days on market. Their average sales price was $2.699 million (roughly $802 per square foot), with an average of 3,511 square feet. Marin County’s ultra-luxury market (homes priced in the $4 million and up range) accounted for two sales last month (one in Mill Valley and the other in Kentfield) and there are currently three more of these homes in escrow.

Note: As a member of the Top Agent Network (top 10% in Marin) and the Marin Platinum Group (Top 100 agents), I have access to a database with several dozen luxury homes not currently on the MLS, but discretely offered for sale off-market. Please contact me regarding your specific desires.

By: Kyle Frazier, Certified Luxury Home Marketing Marketing Specialist (CLHMS), Certified Residential Specialist (CRS), Broker Associate, Realtor | Christie’s Great Estates — Christie’s Great Estates. Call Kyle Frazier at 415/350-9440 for more luxury home market information in Marin County, California (the San Francisco Bay Area’s “North Bay”).

Kent Woodlands, Kentfield (Marin County)

Kent Woodlands is an unincorporated residential community located in Kentfield, Marin County, California. Kent Woodlands consists of approximately 550 residential lots located at the base of Mt. Tamalpais in the Ross Valley.

 

The neighborhood, with a population of about 1,700, is characterized by its large, heavily wooded home sites. It derives its name from the family of influential Marin pioneer William Kent (1864-1928), a three-term Republican congressman and friend of John Muir who played a leading role in creating both Muir Woods National Monument and Mount Tamalpais State Park.

 

Kentfield is blessed not only by good weather (when it is foggy in San Francisco and Southern Marin, it is sunny in Kent Woodlands), but also by low crime and some of the best schools in California, such as Bacich Elementary School. Hiking, biking, and fishing are right here–there is a string of lakes in the Tamalpais Watershed with virtually unlimited access.

Kent Woodlands is one of the Marin enclaves coveted by leaders of industry, actors, musicians, and sports figures.

Links of Interest:

If you have any questions about Kent Woodlands, Kentfield, or the Marin County luxury homes market, please let me know.

My name is Kyle Frazier. I am a broker and Certified Residential Specialist (CRS) with Frank Howard Allen Realtors (the biggest and best firm in Marin County). And it is always my pleasure to be of service. I can be reached any time at (415) 350-9440.