Marin County Market Update | Q3 2014

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

Marin County Market UpdateThird Quarter 2014SAN FRANCISCO BROKERAGE

117 Greenwich Street

San Francisco, CA 94111

t. 415.901.1700

sothebyshomes.com

Ross, CA | web: 0086863Photography by Jacob Elliott

http://www.sothebyshomes.com/San-Francisco-Real-Estate/sales/0086863

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

A MESSAGE FROM OUR MANAGER: Jeffrey G. Gibson

The third quarter of 2014 sales prices in Marin County remained strong when compared to the third quarter of 2013 according to the Bay Area Real Estate Information Services (BAREIS). The market trends in San Francisco carried over into Marin County, with many areas in the county seeing a double digit rise in the average sales price for single family homes. Overall, the county saw an 11 percent increase, moving up from $1,233,176 in Q3 2013 to $1,367,742 in Q3 2014.

While prices rose in response to the inventory shortage throughout the county, this also led to a 12 percent decline in the total number of homes sold in Marin County. Home sales dropped from 704 units sold in Q3 2013, to 620 units sold in Q3 2014. The increase in average sales prices and reduced number of sales kept the total sales volume almost flat at $847,999,792 in Q4 2014, a 2 percent decline from Q3 2013. The following charts depict market details of Marin County, Mill Valley, Ross, Kentfield Sausalito, Tiburon, Belvedere, and San Rafael.

MARIN COUNTY MARKET SUMMARY (SFH)

SAN RAFAEL MARKET SUMMARY (SFH)

In Marin County, the average sales price increased 11

percent, going from $1,233,176 in Q3 2013 to $1,367,742

in Q3 2014. The total number of homes sold fell from 704

units in Q3 2013 to 620 units in Q3 2014, a 12 percent

decrease. The total sales volume experienced a modest

2 percent decrease, going from $868,155,747 in Q3 2013

to $847,999,792 in Q3 2014. There was a lot of movement

for homes priced above $3 million. In particular, the total

number of sales for homes priced above $3 million nearly

doubled, moving up from 21 units in Q3 2013 to 40 units

in Q3 2014, a 90 percent increase.

Low inventory across San Rafael contributed to a decline

in both the total number of sales and total closed volume.

in the third quarter of 2014. There was a 20 percent

drop in total sales, down from 149 units in Q3 2013 to

119 units in Q3 2014 and a 10 percent decrease in total

sales volume, falling from $135,372,279 in Q3 2013 to

$121,590,750 in Q3 2014. Since 2010, the average sales

price has steadily increased every third quarter. The lack

of inventory throughout the city helped the average sales

price eclipse $1 million ($1,021,771), increasing 12 percent

from Q3 2013 to Q3 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.

59%49%

6%

Q3-2014 - SAN RAFAEL VOLUME

< $1.0M

$1.0M - $3.0M

$3.0M and up

26%

53%

21%

Q3-2014 - MARIN COUNTY VOLUME

< $1.0M

$1.0M - $3.0M

$3.0M and up

A MESSAGE FROM OUR MANAGER:

Jeffrey G. Gibson

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 county 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 358 461 388 299 -23%

$1 - $3 MILLION 139 191 295 281 -5%

$3 MILLION AND UP 19 15 21 40 90%

TOTALS 516 667 704 620 -12%

Q3 CLOSED UNITS: # OF SIDES (SFH)


UP TO $1 MILLION $229,008,302 $299,340,211 $277,024,039 $223,537,350 -19%

$1 - $3 MILLION $214,486,065

$290,922,484

$464,996,638 $450,614,252 -3%

$3 MILLION AND UP $76,054,769 $63,615,000 $126,135,070 $173,848,190 38%

TOTALS $519,549,136 $653,877,695 $868,155,747 $847,999,792 -2%

Q3 CLOSED VOLUME (SFH)


UP TO $1 MILLION $639,688 $649,328 $713,979 $747,617 5%

$1 - $3 MILLION $1,543,065 $1,523,154 $1,576,260 $1,603,609 2%

$3 MILLION AND UP $4,002,883 $4,241,000 $6,006,432 $4,346,205 -28%

TOTALS $1,006,878 $980,326 $1,233,176 $1,367,742 11%

Q3 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

-

100

200

300

400

500

600

700

800

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 $800,000,000 $900,000,000

$1,000,000,000

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 35 56 34 19 -44%

$1 - $3 MILLION 30 47 59 60 2%

$3 MILLION AND UP 1 4 1 6 500%

TOTALS 66 107 94 85 -10%



UP TO $1 MILLION $26,060,288 $42,055,850 $28,216,530 $15,214,400 -46%

$1 - $3 MILLION $46,093,000 $72,401,780 $92,805,787 $96,687,050 4%

$3 MILLION AND UP $4,850,000 $15,435,000 $4,760,000 $26,005,000 446%

TOTALS $77,003,288 $129,892,630 $125,782,317 $137,906,450 10%



UP TO $1 MILLION $744,580 $750,997 $829,898 $800,758 -4%

$1 - $3 MILLION $1,536,433 $1,540,463 $1,572,979 $1,611,451 2%

$3 MILLION AND UP $4,850,000 $3,858,750 $4,760,000 $4,334,167 -9%

TOTALS $1,166,716 $1,213,950 $1,338,110 $1,622,429 21%


$- $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


-

20

40

60

80

100

120

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

$160,000,000

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 5 7 1 1 0%

$1 - $3 MILLION 17 17 27 23 -15%

$3 MILLION AND UP 3 4 4 11 175%

TOTALS 25 28 32 35 9%



UP TO $1 MILLION $3,425,000 $5,195,800 $847,000 $900,000 6%

$1 - $3 MILLION $28,091,500 $25,981,800 $52,874,363 $44,536,711 -16%

$3 MILLION AND UP $13,581,769 $19,160,000 $25,905,770 $55,682,500 115%

TOTALS $45,098,269 $50,337,600 $79,627,133 $101,119,211 27%



UP TO $1 MILLION $685,000 $742,257 $847,000 $900,000 6%

$1 - $3 MILLION $1,652,441 $1,528,341 $1,958,310 $1,936,379 -1%

$3 MILLION AND UP $4,527,256 $4,790,000 $6,476,443 $5,062,045 -22%

TOTALS $1,803,931 $1,797,771 $2,488,348 $2,889,120 16%


$-

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

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

2011 2012 2013 2014






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 5 5 3 5 67%

$1 - $3 MILLION 12 8 15 14 -7%

$3 MILLION AND UP 1 1 3 2 -33%

TOTALS 18 14 21 21 0%



UP TO $1 MILLION $3,948,000 $4,291,000 $2,040,000 $3,637,500 78%

$1 - $3 MILLION $18,794,000 $13,452,500 $26,034,333 $25,248,000 -3%

$3 MILLION AND UP $3,200,000 $3,575,000 $15,723,000 $7,978,000 -49%

TOTALS $25,942,000 $21,318,500 $43,797,333 $36,863,500 -16%



UP TO $1 MILLION $789,600 $858,200 $680,000 $727,500 7%

$1 - $3 MILLION $1,566,167 $1,681,563 $1,735,622 $1,803,429 4%

$3 MILLION AND UP $3,200,000 $3,575,000 $5,241,000 $3,989,000 -24%

TOTALS $1,441,222 $1,522,750 $2,085,587 $1,755,405 -16%


$-

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

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 $50,000,000

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 7 7 4 - -100%

$1 - $3 MILLION 25 31 34 25 -26%

$3 MILLION AND UP 12 5 12 14 17%

TOTALS 44 43 50 39 -22%




UP TO $1 MILLION $912,143 $853,057 $802,500 n/a n/a

$1 - $3 MILLION $1,722,628 $1,889,968 $1,994,419 $2,070,340 4%

$3 MILLION AND UP $3,856,083 $4,289,000 $6,295,525 $3,915,906 -38%

TOTALS $2,175,538 $2,000,126 $2,931,331 $2,732,851 -7%



UP TO $1 MILLION $6,385,000 $5,971,400 $3,210,000 - -100%

$1 - $3 MILLION $43,065,690 $58,589,000 $67,810,250 $51,758,500 -24%

$3 MILLION AND UP $46,273,000 $21,445,000 $75,546,300 $54,822,690 -27%

TOTALS $95,723,690 $86,005,400 $146,566,550 $106,581,190 -27%

$-

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

2011 2012 2013 2014


-

10

20

30

40

50

60

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

$160,000,000

2011 2012 2013 2014






Sitting in the heart of Marin County, San Rafael is one of the oldest and

largest cities in the county. The city’s rich history can be seen from the many

well-preserved classic homes found in each neighborhood. Residents and

visitors alike can enjoy a plethora of shopping and entertainment in the

downtown area, or bask in nature on the hiking trails, lakes and views atop

nearby Mount Tamalpais.

SAN RAFAEL


UP TO $1 MILLION 100 112 111 81 -27%

$1 - $3 MILLION 12 19 38 37 -3%

$3 MILLION AND UP 2 1 - 1 n/a

TOTALS 114 132 149 119 -20%



UP TO $1 MILLION $64,678,450 $73,210,060 $82,069,234 $62,981,750 -23%

$1 - $3 MILLION $15,649,000 $25,644,200 $53,303,045 $52,659,000 -1%

$3 MILLION AND UP $8,150,000 $4,000,000 - $5,950,000 n/a

TOTALS $88,477,450 $102,854,260 $135,372,279 $121,590,750 -10%



UP TO $1 MILLION $646,785 $653,661 $739,362 $777,552 5%

$1 - $3 MILLION $1,304,083 $1,349,695 $1,402,712 $1,423,216 1%

$3 MILLION AND UP $4,075,000 $4,000,000 n/a $5,950,000 n/a

TOTALS $776,118 $779,199 $908,539 $1,021,771 12%


$-

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

2011 2012 2013 2014


-

20

40

60

80

100

120

140

160

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

160,000,000

2011 2012 2013 2014




MILL VALLEY TUSCANWeb ID: 0086815 | $3,500,000

Strawberry area of Mill Valley. Entertainers home,

secluded, sunny with views. Great commute

location. MillValleyTuscan.com

David Ogden | 415.308.5025

UPPER LUCAS VALLEY MODERNWeb ID: 0086917 $2,675,000

Modern approx. 5,200 sq.ft. 4bd/3.5ba estate

set among rolling hills. Separate artists loft, pool,

greenbelt views. 20Westgate.com

Craig Swanson | 415.901.1751

THE LAGOON LIFE Web ID: 0086851 | $2,200,000

Stinson Beach home with a luxurious master

suite and an updated kitchen and dining area that

opens onto a deck and a private diving dock.

Butch Haze | 415.296.2220

FEATURED PROPERTIES




Auction & Exhibition Calendar 2014

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NEW YORK OCTOBER / NOVEMBER18 Kentshire: A Legendary Collection22 Important English and European Decorative Arts23 Important Silver, Vertu & Russian Works of Art29 Property from the Estate of Rochelle Sepenuk, Part II29 19th Century Furniture and Decorative Art30 Printsnov. 4 Impressionist & Modern Art Evening Sale5 Impressionist & Modern Art Day Sale6 19th Century European Art10 Property from the Collection of Mrs. Paul Mellon:

Masterworks11 In Pursuit of Beauty: The Myron Kunin Collection of

African Art11 Contemporary Art Evening Auction12 Contemporary Art Day Auction20 American Art20-21 Property from the Collection of Mrs. Paul Mellon: Jewels

& Objects of Vertu21-23 Property from the Collection of Mrs. Paul Mellon: Interiors25 Mexico Contemporary25-26 Latin American Art Modern & Contemporary

LONDON OCTOBER / NOVEMBER17 The Italian Sale17 Contemporary Art Evening Auction18 Contemporary Art Day Auction22 Finest and Rarest Wines28 Collections29 Old Mastersnov. 4 Travel, Atlases, Maps and Natural History5 Fine Chinese Ceramics and Works of Art6 Arts of Europe12 20th Century Art – A Different Perspective12 Czech Avant-Garde Art from the Roy and Mary Cullen

Collection18 Modern & Post-War British Art19 Finest and Rarest Wines20 Music, Continental and Russian Books and Manuscripts24 Contemporary East24 Important Russian Art25 Russian Art Day Sale25 Russian Works of Art, Fabergé and Icons

PARIS OCTOBER / NOVEMBER23 Regards sur l’Orient – Tableaux et Sculptures –

Orientalistes et Art Islamiquenov. 5 Classique / Moderne : Arts Décoratifs du XVIe au XIXe

siècle5 L’œil d’un collectionneur Important Mobilier, Objets d’Art

et Tableaux du XVIIIe sièclee6 Bibliothèque Carlo de Poortere 14 Photographies 15 Man Ray25 Arts Décoratifs du XXe siècle & Design

GENEVA NOVEMBER11 Important Watches12 Magnificent Jewels and Noble Jewels

We invite you to explore our real estate listings at sothebyshomes.com

and view the worldwide auction schedule at sothebys.com.

Shown Above Left:THE HENRY GRAVES SUPERCOMPLICATIONPATEK PHILIPPE & CO., GENEVA, 1932ESTIMATE ON REQUEST

IMPORTANT WATCHESGENEVA NOV. 11TH, 2014

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Marin County Market Update | Q3 2014