Marin County Real Estate Blog

Marin Real Estate

Mark Lomas 415-435-1718 — Thu, 09 Feb 2012 17:30:29 GMT

This is a great article in the IJ.
Marin Independent Journal

Oops!

Mark Lomas 415-435-1718 — Wed, 01 Feb 2012 16:12:04 GMT

Uh oh! On January 29th 2012 the Marin Independent Journal reported that, "The sharp price declines that followed the financial crisis appears to be over (?), but in 2011 the median price here for single family home price in Marin dipped to $742,500 (down 4.2 percent from $775,000 in 2010, and the lowest median price since 2003. Some Realtors here in Marin think prices will continue to drop, and have suggested if you're considering putting your home on the market in 2012, now would be the time to begin. Obviously, no one has a crystal ball here, and any opinions are pure speculation. Time will tell...

What Happened to Marin Real Estate?

Mark Lomas 415-435-1718 — Thu, 12 Jan 2012 16:43:58 GMT

2005
Some economist began predicting that the economy was in trouble due to Wall Street and the Big Banks Derivitive trades that collateralized liar loans (unstated or fabricated incomes) with other securities. And, as these liar loans/adjustable mortgages started to re-set at higher interest rates many economist began predicting the burst of the real estate bubble. (see Michael Lewis's book "The Big Short.")
2006
In July and August of 2006 the Marin Real Estate market peaked. July and August reflected the highest median price sales to date.
2007
As the bubble builds, real estate sales in Marin begin to slow, and the median price begins dropping.
2008
In the fall of 2008 the predictions of 2005 are realized, and for the remainder of 2008 the Marin Real Estate market slips into a lull. Northern Marin is hit hard! Clearly it's a buyer's market.
2009
The lull continues. Prices drop. Foreclosure, short sales, and REO properties dominate the Marin Real Estate market. Investor begin buying troubled properties. The low end of the Marin Real Estate market keeps the rest of the Marin market propped up.
2010
The local real estate market here starts to pick up, and Marin Realtors wonder if we've stopped bouncing off the bottom? Mid range and upper end properties sales pick up but buyers are extremenly picky, and demanding.
2011
It appears the market is showing signs of life and then the Deficit Ceiling Debate begins, and the Marin Real Estate market begins to slip into another lull in response along with fears with what's happening with Europe's economy. Buyers have become more cautious then ever. Some buyers are so frustrated trying to get a mortgage when they have a strong down payment, good credit, and additional resources and still can't get a loan. A significant number of qualified buyers decide to rent. Rents go up, and the real estate market here in the Bay Area continues to slow.
2012
A lot of good signs out there! The Stock Market is up. Interest rates are down. Early reports of traffic through Sunday Open Houses appears to be picking up. More new buyers coming into the market? And yet, the 800 pound gorilla in the room is Europe's economy. In particular, Europe's Derivitive market. This is the big unknown, and this could change everything.

Happy New Year!

Mark Lomas 415-435-1718 — Sun, 01 Jan 2012 15:05:55 GMT

Marin Real Estate

Mark Lomas 415-435-1718 — Fri, 25 Nov 2011 16:21:35 GMT

For the whole article click here: Marin Home Sales Edge Up

Home Sales Up!

Mark Lomas 415-435-1718 — Sat, 22 Oct 2011 22:13:08 GMT

On October 20, 2011 the Marin Independent Journal reported that the number of houses sold in Marin edged up in September compared with the same month in 2010. For the whole story click on the link below.

Marin Home Sales Up in September

Fewer Marin Homes Fall Behind on Mortgages

Marin Real Estate in "Real Time"

Mark Lomas 415-435-1718 — Mon, 17 Oct 2011 14:33:16 GMT

This Graph will change Towns every 7 seconds

Data provided by Mark Lomas
Marin Real Estate
(415) 435-1718 MDLomas@gmail.com

Marin Luxury Real Estate

America Cup's Course

Mark Lomas 415-435-1718 — Thu, 22 Sep 2011 21:11:37 GMT

The proposed course for the 34th America Cup in San Francisco Bay.

The 2013 America's Cup in San Francisco is touted to be the largest sporting event to hit American shores in the next 10 years! It's already considered the third largest sporting event after the Olympics and World Cup soccer, and there's been much chat about how big it'll be when the Cup hits town starting with events on the bay next summer.

America Cup's Website

Realtor Serves Marijuana Brownies

Mark Lomas 415-435-1718 — Tue, 16 Aug 2011 22:54:59 GMT

Apparently some sort of Mixup in Hollywood

As actress Rose McGowan of Grindhouse, Scream and Jawbreakers fame prepared her Hollywood home for sale, a mixup between McGowan and her assistant as to which brownies to put out for the eight Realtors and various inspectors coming to the home, according to ContactMusic.com.

The agents apparently ate marijuana-laced brownies (“pot brownies”) after McGowan’s assistant put out the wrong batch of snacks. ContactMusic.com reports the assistant made the brownies for McGowan to try but mixed them up with the legitimate brownies.

“Enjoy!”

McGowan said, “There were eight Realtors and inspectors coming to the house… and you have to get out of your house… and I notice there’s a big, huge plate of brownies that said ‘Enjoy!’ on the saran-wrap… and I just left, I didn’t think about it.”

She also noted that “At 4:30, I get a call from my realtor saying, ‘Erm, I’m at my parent teacher conference; was there anything in those brownies?’ I’m imagining all these poor people… high as a kite, like, ‘What the hell happened in Hollywood?’”

CEO for FSBO.com Lists Own Property For Sale

Mark Lomas 415-435-1718 — Tue, 16 Aug 2011 22:45:55 GMT

Former FSBO CEO sells home the traditional way

Founder and former CEO of ForSalebyOwner.com, Colby Sambrotto listed his 2,000 square foot New York condominium on his own through online classified ads and FSBO sites, but after six months, he opted to hire New York broker Jesse Buckler who immediately advised a price change as the listing was not attracting the right buyer.

After giving up on the DIY route, Sambrotto’s decision to hire a broker led to attracting multiple offers, closing for $150,000 over the original asking price. The Wall Street Journal reports the listing sold for $2.15 million including a 6% commission.

Many FSBOs turn to Realtors

The news stands as an enormous validation of the real estate profession and while some may tease, it is no laughing matter and the former FSBO CEO made a good financial decision.

AGBeat columnist Herman Chan said, “If people want to take a stab at For Sale By Owner (ie FSBO), go for it. But well over 80% of FSBO’s eventually have to list with an real estate agent to get their house sold. It’s harder than it looks!”

Not a new dilemma

Marlow Harris, Seattle Residential and Investment Consultant at Coldwell Banker Bain Associates told AGBeat, “The ForSaleByOwner.com founder’s dilemma is one we see quite often and is not unusual. Trying to sell your own property yourself or using a discount brokerage, is not the solution for everyone. Unusual properties, properties in the higher price range, these are more difficult to sell and often require specialization.”

Harris continues, “We see these choices across the board, from single family homes to huge housing developments. For instance, Vulcan, one of Paul Allen’s companies which has invested heavily in Redfin, does not use Redfin to market their many condominium projects. They use traditional real estate firms such as John L. Scott, Williams Marketing and Matrix Real Estate, finding that the do-it-yourself approach to real estate just doesn’t work for these types of sales.”

Tiburon Real Estate Broker Pleads Guilty To Loan Fraud

Mark Lomas 415-435-1718 — Thu, 04 Aug 2011 18:44:39 GMT

Tuesday August 2nd, 2011 the Marin independent Journal reported that:

" A Tiburon Real Estate broker has pleaded GUILTY to Federal Fraud charges stemming from a Five Million Dollar re-financing loan on his own home the IRS reported. Abraham Valentino, 52, pleaded guilty as charged last week to wire fraud, and money laundering, said IRS special agent Arlette Lee. Authorities said Valentino falsified his income on his loan application, claiming a monthly income was $132,000 when it was actually $4,500 to $6000. Valentino used the proceeds of the transaction to transfer $63,427.40 into his personal bank account prosecuters said."

For the whole article, click here: Tiburon Real Estate Broker Pleads Guilty

The "Big Six" Home Selling Factors

Mark Lomas 415-435-1718 — Wed, 03 Aug 2011 18:58:08 GMT

Although they can be stated in different ways there are only six factors that affect the sale of a home.
It is important for you, as the seller, to understand who or what has control over them and how they impact on each other.

You control 3 of the 6
The Market controls 2 of the 6
Your REALTOR® controls 1 of the 6

YOU Control1. Price - You determine list price for your home. However, a list price above the market for homes similar to yours will impact negatively on buyer interest in making an offer. Your REALTOR® will review price history with you to assist you in making a list price determination.
2. Terms - Buyers have requirements just as sellers do. Your willingness to respect them and be willing to negotiate which terms will be acceptable to both parties can have a very positive impact. Price and Terms will usually be negotiated at the same time.
3. Condition - How well you have maintained the home will influence both your price and length of time to sell. The pool of buyers who are willing to make major repairs is much smaller than the pool of buyers who want a home that has been well maintained.
THE MARKET Controls4. Timing - Economic conditions operate independently of price, terms and property condition. Similarly, seasons and weather factors can affect the time it takes to sell a home.
5. Competition - The number of homes on the market most certainly bears heavily on your ability to sell your home on a timely basis.
YOUR REALTOR® Controls6. Promotion - From entry into the Multiple Listing System, to internet marketing and any other programs your agent will have an impact on your home sale.
CONCLUSION

Feedback from prospects who have visited your home
Changes in market conditions

Your willingness or ability to make adjustments in price, terms or condition based on the information provided will be the final determinant as to how quickly your home will sell. Any Questions?

Marin Real Estate

Mark Lomas 415-435-1718 — Sat, 30 Jul 2011 20:37:57 GMT

PENDING Home Sales Rise Unexpectantly in June

Marin Foreclosures Level Off, Defaults Fall in Marin

The Debt Ceiling,the Bond Market, and Real Estate

Mark Lomas 415-435-1718 — Wed, 27 Jul 2011 15:03:43 GMT

Let’s take a look at what is happening in Europe these days to understand why it’s key that the United States finds a solution to the debt ceiling issue. Not only have some European banks recently failed a stress test, but last week there was news that Greek, Italian, Portuguese, and French “credit default swaps” (which are insurance policies against default) were trading at record levels. While the European Union is continuing to work to contain Europe’s debt problems and prevent a default in Greece, these events carry a very important lesson for the U.S.

Why? Because solving our debt ceiling debate and finding a long-term plan for lowering our deficit and being fiscally sound will raise confidence in our debt and help the U.S. keep its excellent AAA credit rating from the various credit rating firms like Moody’s and Standard and Poor’s. This will help investors continue to see the U.S. as a safe haven for their money, which is a key aspect of our continued economic recovery.

There was some good news last week for the housing sector, as June Housing Starts and Building Permits were both reported better than expected.

Political uncertainty caused volatility in the markets last week, which put pressure on the bond market and home loan rates.

The Tiburon Shoreline and Mount Tamalpais from Angel Island

Sunday Online Open Houses

Mark Lomas 415-435-1718 — Sat, 23 Jul 2011 13:38:28 GMT

Click here for: Sunday Marin County Online Open Houses by the Marin Independent Journal

The Marin Independent Journal Sunday Online Open House web site is the definitive
Marin Online Open House Web Site.

Click the link below for the Marin Association of Realtor's new Sunday Online Open House's web site:
Marin Online Open Houses

Click the link below to search Marin Homes For Sale (No Registration Required)
Marin Homes For Sale

Marin Real Estate Statistics for June 2011

Mark Lomas 415-435-1718 — Wed, 20 Jul 2011 13:53:00 GMT

The Marin Real Estate Scene

Mark Lomas 415-435-1718 — Tue, 19 Jul 2011 19:37:33 GMT

Marin Home Sales Rise, Prices Edges Up Article

SEARCH MARIN HOMES FOR SALE NO REGISTRATION REQUIRED

Marin Luxury Home Sales

Mark Lomas 415-435-1718 — Tue, 19 Jul 2011 19:36:28 GMT

Rick Turley, President of Coldwell Banker Residential Brokerage recently reported that, "The luxury market, like the overall market in Marin, continues to show signs of improvement. But, there will likely continue to be some choppiness from month to month as the market works to get traction. Comparisons with a year ago are difficult because the market last May was still benefitting from the Federal Tax Credit, which has since expired. Although the credit wasn't aimed at the upper priced homes, the tax break indirectly helped fuel sales for move up buyers who sold their entry level and mid priced homes."

Turley also noted some key finding in May of 2011 such as:
* The most expensive sale in Marin County in May was an eight bedroom, eight bath 8000 square foot home in Ross sold for $8.75 million.
* Mill Valley hosted the most million dollar plus sales with 10, followed by Tiburon , Kentfield, Larkspur, and Sausalito with seven apiece, and San Rafael with six.
* Sellers received on average 95 percent of their asking price, down from 96 percent the previous month, but the same percentage as a year ago.
* Homes that Sold stayed on the market an average of 96 days, down from 114 days but up from 89 days a year ago.

Marin Real Estate Statistics June 2011

Mark Lomas 415-435-1718 — Tue, 19 Jul 2011 14:28:17 GMT

SEARCH MARIN HOMES FOR SALE NO REGISTRATION REQUIRED

Assessor Cuts Marin Home Valuations

Mark Lomas 415-435-1718 — Fri, 08 Jul 2011 14:23:23 GMT

     On July 5th the Marin Independent Journal newspaper reported that, "The Marin County assessor, citing a continuing slide in home values, has reduced the value of 27 percent of Marin's residential properties, providing tax breaks for 21,600 home owners.
     The move by assessor Rich Benson eclipses adjustments made last year that reduced the value of 21 percent of the county's residences in what was then the biggest reassessment purge since Proposition 13, providing breaks for 16,000 property owners.
     Benson, noting declining values in a deflated real estate market, reduced assessed valuations for thousands of parcels " mostly because of the economic conditions that have existed" for several years.
     For the whole story click here: Marin Assessor Cuts Marin Home Valuations

Marin Real Estate Statistics

Mark Lomas 415-435-1718 — Fri, 08 Jul 2011 14:02:54 GMT

Marin History Museum's Marin Independent Journal's Exhibit

Mark Lomas 415-435-1718 — Sun, 26 Jun 2011 15:57:21 GMT

On June 24, 2011 the Marin History Museum held a "Sneak Preview" of their Marin Independent Journal's Newspaper Exhibit. This event is now open to the public. The Marin History Museum is located at 1125 B Street in San Rafael. Museum Hours are 11am to 4pm Tuesday through Saturday. The Marin Independent Journal is celebrating it's 150 Year Anniversary.

One of many Marin Real Estate advertisement on exhibit. There are so many wonderful items on display here that the only way to truly enjoy this exhibit is to attend in person. Highly recommended, great exhibit! Much thanks to the Marin History Museum and all the people there that make exhibits like this possible!

Larkspur Real Estate History

Mark Lomas 415-435-1718 — Mon, 20 Jun 2011 15:15:00 GMT

Larkspur, California 1911

This 1911 full page advertisement from the San Francisco Examiner assured potential buyers that "desirable people will be given the most reasonalble terms. Undesirable people won't be given any terms. They are not wanted." Image courtesy Larkspur Heritage Preservation Board

Time to Buy?

Mark Lomas 415-435-1718 — Thu, 16 Jun 2011 13:36:02 GMT

Despite what appears to be a non-stop wave of tough news regarding real estate, four major media players have come out this month with the same advice: It Is Time to Buy a Home! Here are the four articles and a breakdown as to why the advice makes sense.

The Wall Street Journal: Why It’s Time to Buy

CBS Money Watch: Why the Time to Buy is Now

Forbes Magazine: 9 Reasons to Buy a House Now

National Public Radio: For Many, It’s Still a Good Time to Buy a Home

With prices continuing to depreciate in most regions of the country, some may wonder why these four entities are suggesting to their readership that now is the time to buy. Each organization realizes that PRICE is not as important as COST. The cost of a home can go up even if prices continue to fall. Unless you are an all cash buyer, you must take into consideration the expense of mortgaging when calculating the full cost of a home. Here is some information to consider.

Interest Rates

Currently, interest rates sit at historic lows. However, Fannie Mae, Freddie Mac, PMI and the National Association of Realtors are all projecting approximately a 1% increase in mortgage rates over the next year. A one percent increase in rate negates a ten percent fall in prices.

Lending Standards

The government has proposed a tightening of lending standards called Quality Residential Mortgage (QRM). If accepted as proposed two things will happen:

The qualification process for loans will become more difficult
The cost of a loan will increase

Bottom Line

There is a reason more and more financial organizations are suggesting to their followers that now is the time to buy a home: because the cost of purchasing a home is about to increase (even if prices continue to fall).

If you're thinking of buying or selling a home here in Marin County contact Mark Lomas at 415.435.1718 cell or email MDLomas@gmail.com

Marin Real Estate News

Mark Lomas 415-435-1718 — Wed, 15 Jun 2011 14:37:44 GMT

On June 14, 2011 the Marin Independent Journal newspaper reported that," The number of Marin single family homes sold in May dropped 12.4 percent to 169 from the same month a year ago and the median sales price dipped slightly to $775,000, according to new figures from the Marin County assessor's office.
The number of houses placed "under contract" in May soared to a four year high of 231 - the highest figure since 232 contracts reached in May 2007. The figures suggest the May sales dip could be followed by a surge as contracts are closed in early summer."

Marin Independent Journal Article Marin Home Sales

Federal Government Plans Cut in Cap for Backing Mortgages

Search Marin Homes For Sale No Registration Required

Banks and Loan Modifications

Mark Lomas 415-435-1718 — Mon, 13 Jun 2011 15:23:21 GMT

The banks have made loan modifications very difficult. Sherry Belcher of ReMax Golden Empire Realty in Southern California reported in this months's NAR Realtor's magazine: "I've worked in the loan servicing business for 18 years, and real estate is my passion. The way I see it, most people are forced to do a short sale simply because the banks won't modify their existing loan. I've have seen several instances in which struggling borrowers try to work with the banks, only to learn that the banks won't even consider a loan modification request until the mortgage is three months behind. Crazy!

Why, instead of giving the home to a complete stranger at a discounted price, can't banks help borrowers who truly have a hardship? Qualify owners for what they can pay and reduce the principal.

The government is helping banks cover their losses, so taxpayer should have a voice.

So, where's our voice? Where's the political leadership? Current Bank policies regarding loan modifications are a disaster, and are making any kind of economic recovery in the housing markets very difficult if almost impossible. Why?

Recently a homeowner in Marin that was current on their payments with Wachovia were told that they would not qualify for a loan modification because they made too much money. This homeowner missed two payments, contacted Wachovia to try and modify their loan again, and were told they did not make enough money to qualify for a loan modification?

Without any leadership from Washington, the bank's loan modification programs are a disaster. What a mess Washington, Wall Street, and the Big Banks have gotten us in. Until the banks are ready to reasonably modify loans the housing recovery will continue to stall.

Are you listening President Obama? (playoff on the Rick Santelli rant)

Memorial Day

Mark Lomas 415-435-1718 — Sun, 29 May 2011 16:23:52 GMT

Much thanks to all those who've served, and continue to serve our Country!
Happy Memorial Day!

Belvedere and Tiburon Census Data

Mark Lomas 415-435-1718 — Mon, 23 May 2011 21:10:04 GMT

The information provided here comes from the 2005 to 2009 American Communiity Service (ACS) conducted by the U.S. Census:
Belvedere:
Total Population: 2,068
Households by Type: 928 households, 611 of them in families
Housing: a total of 1,045 housing units, of which 117 were vacant, and 15 on the market for sale. 55 homes were for seasonal, recreational, or occassional use.
Race: Nearly 94% white, Hispanic or Latino 3.5%, Asian 2.8%,African American 0.1%
Income: Median Income for Belvedere is $117,778
Tiburon:
Total Population: 8,962
Household total: 3,729 households, 2,482 of them in familiers
Housing: Nearly 28% of household occupants live in their homes by themselves and persons age 65 or older made up more than half of those who lived alone. Of the total number 296 were vacant. The rental vacancy factor was 5%, as of the census taking
Race: 88% of the Tiburon population is white, Hispanic or Latino:4.6%, Asian: 5.6%, African -American: 0,8%
Income: The median income for Tiburon residents was $146,917
This data was published in the Ark Newspaper May 18, 2011

Search Belvedere and Tiburon Homes For Sale

Tiburon Real Estate

Mark Lomas 415-435-1718 — Sat, 21 May 2011 17:21:52 GMT

The Marin Independent Journal newspaper recently reported that a "Revitalization Report" has been released for downtown Tiburon. A committee of Tiburon elected officials and Town staffers has released a report that recommends more than a dozen actions including a parking study, marketing task force, and beautification project to help boost activity downtown.

The committee was formed in early 2010 to address vacancies, and turnovers in Tiburon's commercial/downtown districts.

For the whole article click here: Tiburon Revitalization Report 2011

Median versus Mean Home Sale Value

Mark Lomas 415-435-1718 — Wed, 18 May 2011 14:46:00 GMT

On May 17, 2011 the Marin Independent Journal headlines reported that April Home Sales Up Slightly in Marin, But Prices Still Down. The accompanying chart provided by the Marin County Assessor's Office that ran with this article would question those conclusions.

Once you understand the difference between "Median Home Sale Value" and "Mean (average) Home Sales Value" you might want to question these kinds of analysis.

In a world of statistical averages, many have asked why anyone would report a median home sale value instead of a mean average? Many people believe the mean/average is easier to understand than the median, but the median measure is not too difficult to appreciate. Before addressing the chart in yesterday's Marin Independent Journal article let me start by defining the difference between the two measures.

A mean/average value is calculated by adding up all the values in a distribution, and then dividing the sum by the total number of values contained in the distribution. To find a median value, one talkes all the values in the distribution, sorts in ascending order, lines them up and finds the miiddle value.

Though they sound similar, and in many instances, there is not too much difference between the two values. The reason a lot of newspapers focus on the Median instead of the Mean is because the mean value calculation has a limitation that can prevent it from reflecting an "Average?" In calculating home sales price statistics this limitation occurs when the sale price of one home varies greatly from the remainder of the homes which can skewer the average.

The chart in yesterday's Marin Independent Journal (not the chart above) reflected sales compared from April of 2010 to sales in April of 2011. With only 3 sales in Belvedere last month the median percent change from 2010 where there had been 4 sales was a negative 25%. Did property values in Belvedere come down 25%? No, and that's why people need to understand how and why this methodology oftentimes skewers the reality of what's actually happening.

Yesterday's chart also showed that Ross, that only had 2 sales in April of 2010 and 5 sales in April of 2011, was up 150%. Did property values in Ross increase by 150%?

This kind of data tends to confuse the general public. When you'd like to have know what's really going on, check with your LOCAL real estate professional. If you'd like to find out what your home is really worth in today's real estate market, feel free to contact me.

May 17 2011 Marin Independent Journal Article

Marin Home and Garden Expo

Mark Lomas 415-435-1718 — Mon, 16 May 2011 15:49:00 GMT

Bring New and Exciting Ideas Home

The Marin Home & Garden Expo will feature the newest trends and favorite traditions in the Home and Garden Industry on Saturday and Sunday, June 4th and 5th, 2011.

2011 Schedule

Click here for a full list of the current show schedule.

The Marin Home & Garden Expo will change the way you think about Home Shows. This event will showcase Exhibitors and Sponsors offering expert ideas and products in all facets of living space improvements from “Green” building technologies to state of the art Home Systems and Landscape concepts. Multiple stages will highlight celebrity lectures, expert demos, live musical entertainment, and special "Youth Zone" that will focus on fun and educational activities for the whole family.

Tiburon Real Estate

Mark Lomas 415-435-1718 — Fri, 13 May 2011 15:42:00 GMT

NEW LISTING IN TIBURON, CALIFORNIA
Located in the highly coveted Hawthrorne Terrrace neighborhood this two bedroom two bath mid century home is located a short distance from the Tiburon Bike Path. The views from this lushly landscaped home spans from the towers of the Golden Gate Bridge thru to Mount Tamalpais.

The first Open House for this home will be Sunday May 15. 2011 from 1pm to 4pm. For more information about this incredible home contact the listing agent, Kirsten Wolfe/ Coldwell Banker at MarinRealEstate@gmail.com

Are Rents On The Rise?

Mark Lomas 415-435-1718 — Thu, 12 May 2011 13:32:00 GMT

A curious phenomenon that's taking place in Bay Area Real Estate right now is that rents are going up. Why? The answer is having a significant impact on Real Estate Sales. What's going on? Right now the Banks have made qualifying for a mortgage so difficult that even well qualified buyers are throwing their hands up in frustration, and renting?

It's never been more crititcal to work with a LOCAL real estate professional, and LOCAL mortgage lender here in the Bay Area. Here's a news clip from KCBS explaining this new phenomenon.

Martha Property's Plans for 43 Homes on Track in Tiburon

Mark Lomas 415-435-1718 — Fri, 06 May 2011 13:28:00 GMT

After litigation, legal rulings, political maneuvers and a thicket of red tape spanning three decades, a Tiburon land owner appears headed for the finish line with an enviromental report that paves the way for up to 43 homes on a 110 acre tract off Paradise Drive.
Plans for 43 Homes on Track

Planners Want More Details on Tiburon Martha Property Subdivision

Marin Real Estate News

Mark Lomas 415-435-1718 — Wed, 04 May 2011 16:42:00 GMT

Foreclosures Climb in Marin While Rest of Bay Area Stabilizes

New Home Construction Numbers Up 7.2% in March

Marin Named One of the Richest Counties

Opening Day on the Bay 2011

Mark Lomas 415-435-1718 — Tue, 26 Apr 2011 13:27:00 GMT

Opening Day on the Bay is Sunday May 1st, 2011. with the traditional blessing of the fleet, and boat parade.

Boat Blessing Set For Racoon Strait Off Tiburon Sunday

May 1st 2011 94th Opening Day on the Bay Pacific Inter Yacht Association Link

Boat Owners Association of the United States Opening Day Press Release

Search Marin Homes For Sale No Registration Required

Why Zillow Has NO Street Cred in Marin

Mark Lomas 415-435-1718 — Sun, 24 Apr 2011 14:41:00 GMT

Andy Gellepis, the manager for Frank Howard Allen Realtors in Mill Valley,California exposes the oftentimes misleading "zestimates" created by Zillow.com, and reveals why Zillow’s algorithms for guestimating a homes values should not be relied upon here in Marin County.

"Zillow is an automated valuation model (AVM) that determines residential property values using county tax records It has proven to be very inaccurate in Marin County. Zillow claims on their website to have a margin of error of 12.5%. In Marin, Zillow is much further off. For example, I took my companies last 20 sales (from our two Mill Valley offices) which ranged from Sausalito to Novato with selling prices from $299,000 to $3,000,000. The variance from Zestimate to sale price was off on average over 22%, with several off by 50% or more. One property had a Zestimate of $1,000,000 and it closed for $1,500,000 (a 50% variance). Another property had a rent zestimate of $6,950, which subsequently rented for $18,000 per month. A Mill Valley property is about to close for $1,825,000 with a zestimate of $1,416,000. This same property previously sold for $2,200,000 in 2007.

The problem with Zillow and other AVM’s are that many tech savvy buyers are using these sites, and in some cases using zestimates, to determine their offer price. In the first example above for the $1,500,000 property, one buyer offered $1,400,000 initially (expecting to negotiate) and the second buyer using the zestimate offered $1,100,000. The second buyer was not even remotely close to fair market value (FMV), and consequently the sellers negotiated the sale with the first buyer. Property values are determined by comparable sales which are then synthesized and analyzed by experienced agents to determine the best price given current market conditions. It is a combination of intuition and analytics that seasoned agents use to determine FMV. AVM’s do not consider condition, major improvements, views, lot utility and overall desirability. AVM’s take an overall price-per-foot including lot value, based on tax records which are not always accurate, and assign a value. This is way too simplistic in areas like Marin. In Marin, we have lot values assessed between $1 and $3 million is some cases. There is no way the AVM’s can factor that into their valuation.

Get in touch with your local real estate expert for accurate assessments of local values. A local realtor can give the inside scoop on the desirability of a neighborhood, quality of the schools, microclimates, traffic patterns and ultimately, the overall value of a desired property."

Why I'm Not Buying Zillow Fortune Magazine Article

Marin Modern Home Tour 2011

Mark Lomas 415-435-1718 — Thu, 21 Apr 2011 16:14:00 GMT

The "Bridge House" in Sleepy Hollow, San Anselmo designed by Stanley Saitowitz of Natoma Architects will be on the Marin Home Tour.

PJ Bremier recently reported/ announced in the Marin Independent Journal newspaper that five homes in Southern Marin will be open to ticket holders on April 30, and four from Larkspur to Lucas Valley will be held open on May 1, 2011. A "Meet the Architects" evening from 6:30pm to 8pm at the Acqua Hotel in Mill Valley. Tour tickets can be bought online, and ticket holders may pick up maps at the tour headquarters on the day of the tour.

This event is sponsored by Dwell and Marin Magazine.
For the whole story click here: Marin Modern Home Tour 2011

To purchase tickets online go to:
Purchase Tickets for the Marin Modern Home Tour 2011

Marin Home Sales March 2011

Mark Lomas 415-435-1718 — Tue, 19 Apr 2011 15:25:00 GMT

Marin Home Sales, Prices Rise in March

Mark Lomas 415-435-1718 — Sat, 16 Apr 2011 15:28:00 GMT

On April 15, 2011 the Marin Independent Journal's Will Jason reported that Marin's single-family home sales rose 11 percent in March, compared with the same month last year and the median sale price edged up 2.4 percent to $779,000 according to figures from the Marin County's assessor's office.

It marked the first time in six months that both sales volume and prices have increased year to year, inspiriing optimisim in many observers of the Marin Real Estate market.

For the whole article click here: Marin Home Sales Prices Rise in March

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The Anlyan Report

Mark Lomas 415-435-1718 — Tue, 12 Apr 2011 15:40:00 GMT

The Anlyan Report April 2011

Les Christie, CNN.Money.com staff writer, and a lot of other people have been talking about a "double dip" housing recession. In a March 29 article "Home Prices Near a Double Dip," he wrote, " I think prices will drop another 5 to 10%. Home Prices Near A Double Dip

Mr. Christie is referring to the National Housing Market, an animal that barely exists, since it is composed of averages of thousands of individual markets which vary greatly from each other in their performances at any given point in time. And with regard to the National Averages, Mr. Christie may or may not be right. But, he obviously has not been to Marin County recently!

New open transactions files are being welcomed into Marin County real estate brokerages at an increasingly fast pace. Multiple Offer situations are becoming more common although not going wildly over asking prices due to much stricter appraisals and lender standards as well as buyer reluctance. Lots of distressed property sales are still working their way through the system also holding prices down, and for the moment, mortgage rates are still excellent.

Fred Anlyan is a Real Estate Broker with Coldwell Banker in Greenbrae

Search Marin Homes For Sale No Registration Required

Marin Real Estate

Mark Lomas 415-435-1718 — Sat, 09 Apr 2011 15:11:00 GMT

Search Marin Homes For Sale No Registration Required

Ten Home Selling Secrets

Americas Most Stubborn Home Sellers

How To Fix The Mortgage Mess

Mortgages Available Only For The Highly Qualified

Mortgage Rates Break 5%

Tiburon Bike Path

Mark Lomas 415-435-1718 — Thu, 07 Apr 2011 19:24:00 GMT

A dump truck crossed the Tiburon Bike Path last Monday, and landed in the water after losing it's brakes on Gilmartin Drive . Miraculously missing walkers, joggers, and cycllist using the path. The drive climbed out through the broken windshield, and waded out of the water to safety.

Tiburon Police/Security Cameras on Tiburon Boulevard

Mark Lomas 415-435-1718 — Thu, 07 Apr 2011 19:15:00 GMT

Coming....
Tiburon Security Cameras Yields Third Arrest Article by the Marin Independent Journal

Editorial Tiburon Police Cameras Yield Promising Results
Going....

Tiburon Film Festival 2011

Mark Lomas 415-435-1718 — Sun, 03 Apr 2011 18:25:00 GMT

Web Site for the Tiburon International Film Festival 2011

Marin Home Sales Pick Up

Mark Lomas 415-435-1718 — Sun, 20 Mar 2011 14:39:00 GMT

Marin Home Sales Pick Up by the Marin Independent Journal

Search Homes For Sale in Marin County

Marin County Luxury Real Estate

Marin Real Estate Market Trends

Mark Lomas 415-435-1718 — Thu, 17 Mar 2011 15:17:00 GMT

Historically, real estate enjoys a positive spurt in the spring. One potential dampening effect however could be the trend toward more stringent lending standards. Lawrence Yun, Chief Economist for the National Association of Realtors, said, “There are abnormally high levels of all-cash purchases due to unnecessarily tight credit.” It is important to get pre-qualified to take advantage of the deals available. There may never be a better time to buy.

The following chart is a graphic demonstration of the long-awaited turnaround in the market. Historically, this chart is a dramatic reminder of how stable Marin County home prices have remained, even during a series of recessions. The first major downturn in Average Price occured during the current recession. As you can see, however, both the sales and price trends have now turned in a positive direction.

Does this mean that the comeback is underway? At least, for now, I'd have to say - yes. New conditions could of course reverse this trend. But, it looks like the worst is over and recovery is underway.
Graph and content here provided by Steve Dickenson (Vice President/Marin Manager) of Alain Pinel Realtors

Slow Homes and Verticle Gardens

Mark Lomas 415-435-1718 — Tue, 08 Mar 2011 16:33:00 GMT

They say living in "Slow Home" can make life easier. What makes a Slow Home?
Location: A slow home is in a walkable neighborhood that minimizes use of a car.
Orientation: The home is correctly orientated to the sun and properly related to it's surroundings.
Organization: The home is modestly sized, with a good flow between spaces, with a strong connection to the outdoors.
Entry: The front and back entries are spaces, not just doors.
Living: Indoor and outdoor living spaces have good daylight, and are easy to furnish.
Kitchen: The kitchen is compact with an efficient layout, good work surfaces, and sufficient storage.
Dining: The home has a well defined dining area that properly fits a table, and is suitable for daily use.
Bedroooms: All bedrooms have good daylight, and sufficient storage, and can logically fit a bed.
Bathrooms: The home has an appropriate number of well-organized, modestly sized bathrooms.
Services: The service spaces are unobtrusive and highly functional.
"A slow home should ease the stress in life, not contribute to it"
Slow Home Movement by Mary Beth Breckenridge
Slow Home Video of 50 Hillcrest in Mill Valley
Open Sunday March 15, 2011 from 1 to 4pm

Verticle Gardens
Recently Time Magazine and the San Franciso Chronicle ran stories about "Verticle Gardens" with a focus on Patrick Blanc who is considered as the inventor of the "Verticle Garden." His oldest creation, in his Paris apartment, is still thriving after 29 years. Some examples of vertical gardens can be seen below. Below these images are links to more information in regards to Patrick Blanc, and verticle gardens.

Artist Rendering of the Drew School in San Francisco with Vertical Gardens created by Patrick Blanc
Patrick Blanc Verticle Garden Web Site

More Images and Information about Patrick Blancs Verticle Gardens

Marin Real Estate For Sale

Mark Lomas 415-435-1718 — Tue, 08 Mar 2011 16:03:00 GMT

Steve Dickason of Alan Pinel recently reported in his "Dickason Report" that:

There’s something in the air. Have you noticed it? Downtown is busier, restaurants are crowded and retail sales are up. The same is true in the real estate market. Pending home sales improved in December, marking the fifth gain in the past six months. New home sales are up 17.5 % nationwide according to the Department of Housing and Urban Development.

Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), credits this upswing to affordability, favorable mortgage rates and an improving economy. Yun predicts, “The positive trend is likely to continue in 2011. Current activity suggests a sustainable, healthy volume of a mid-5 million in total home sales for this year.”

The California Association of Realtors reports that sales in December posted a seven-month sales high. Closed escrow sales of existing single-family homes in California totaled a seasonally adjusted annualized rate of 520,680. The statewide median price increased 10.2 percent to reach $302,900 for the year.

Our local market is reflecting this upswing. Builders are starting to build in preparation for sales at higher prices in the year to come. Inflation is a concern that drives some to buy now. By the end of February, more homes will come on the market. The spring season of March, April and May are traditionally very active. Now may be the time to evaluate your options and capitalize on the spring market.

Lenders Can Do More to Spur Growth

In the February 2011 issue of Realtor magazine Lawerence Yun, Chief economist for the National Association of Realtors, expressed that, "Despite concerns about the negative long term effects of federal stimulus efforts - including the impact they will have on the country's huge budget deficit - the US government continues to take action to help spur the economy. However, the most effective solution for promoting growth, and getting the housing market moving may rest with the banks. Lenders have tightened underwriting so much that even households with solid credit backgrounds are simply not making the cut? For the past year many lenders have raised minimum qualifying credit scores as high as 640, meaning only households in the upper tier of creditworthiness are getting conventional financing."

Are Realtors Stupid? by real estate broker Tim Ziffle

Mark Lomas 415-435-1718 — Tue, 01 Mar 2011 16:31:00 GMT

Are Realtors Stupid?
by Houston real estate broker Tim Ziffle

It's fascinating to watch how Realtors allow their National (NAR) and local Realtor association's actions undermine their profession. Amazingly, Realtors pay horrendously high fees to their Associations for access to the MLS (Multiple Listing Service), which the public gets for FREE?

NAR and various local Realtor Associations continue to marginalize their membership by allowing and encouraging data mining parasites (Zillow, Trulia, Homegain, ect.) access to the MLS data that's created on the backs of Realtors, and have led their membership to believe that somehow someway that there is a benefit to having some sort of relationship with these entities?

Real Estate agents create the data, the data mining parasite's market it and try to develop leads to sell back to the very people that created the data? Who allowed this business model to happen? It appears realtors are too naive to know when they’re being exploited? And, what do Realtors and their associations do about any of this? Nothing.

No one seems willing to question the relationships between these outside third parties and their Realtor Associations. Why are we feeding these large online data mining corporations our data? American Airlines and Southwest Airlines just told their data mining parasite to take a hike! Anybody listening?

Now these Associations have finally agreed to aggregate all local MLS systems into a National MLS. The Third Party Data Mining companies are salivating. It can't happen soon enough. The public can now know more about every market in the US than the vast majority of local Realtors could ever know. Like Cramer on Seinfeld says, “they know nothing!” Why are the Realtor Associations out of synch with it’s membership’s best interest? If Realtors are so stupid, why would anyone use one?

WANT PROOF OF REALTOR STUPIDY?

What other industry’s trade Association do you know, that would…

Charge its members thousands of dollars each year to be a member of both the local, state and national Associations and then, require its individual members to spend huge amounts of time, money, gas, effort, collecting /photographing and inputting tons of information into the members collective Association database , then tells its members that it will now give all their information to their competitors for an UNSHARED FEE ,and ultimately, to the public for free?

Does anyone remember what real estate was like when we controlled our MLS data? Why has it been decided that placing these third parties between the Realtors that create the data, and prospective buyers and sellers a good thing? Anyone that remembers when we ran our own MLS systems will grasp the significance of this.

NAR is now advising its members that their Association NOW intends to combine all their individual member’s information into a giant national database, and give that away for free to the public - so there is no need for the public to continue to believe that there are valid reasons why they should hire the Association’s members for their individual knowledge, expertise and counsel. NAR then has the audacity to tell its Association members that their LIFE-LONG CAREER ASSOCIATION EXECUTIVES are looking out for the individual member’s best interest, and to make sure that all the future information they collect and input into the database must be correct and timely , or they will be fined by their association?

The individual association members continue to actually believe whatever their Associations tells them, and continue to send in their thousands of dollars each year to their Associations, in order to ensure the continuation of their MINDLESS REALTOR ASSOCIATION CULT! WHY?(Many members even proudly wear a REALTOR pin to demonstrate their individual stupidity, and official cult membership status!) Are Realtors Stupid? Tim Ziffle is a Real Estate Broker in Texas