Marin County Market Update | Q1 2014

Tiburon, CA | web: 0085342

Marin County Market Update First Quarter 2014 San Francisco Brokerage 117 Greenwich Street San Francisco, CA 94111 t. 415.901.1700

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

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) 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.

Q1-2014 - MARIN COUNTY VOLUME

28%

27% < $1,000k $1,000k - $3.0M $3.0M and up

45%

mill valley SUMMARY (SFH) 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.

Q1-2014 MILL VALLEY VOLUME 12% 29% < $1,000k $1,000k - $3.0M $3.0M and up

59%

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marin county

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 countyâ&#x20AC;&#x2122;s population resides on the eastern side, with the interior of the city consisting of large areas of agricultural and open space.

Q1 average sales price (sfh) PRICE RANGE

% CHANGE

2011

2012

2013

2014

$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%

$915,495

$944,853

$1,057,965

$1,379,210

30%

Up to $1 Million

(2014 v 2013)

$1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $2011

TOTALS

2012

Average List Price

2013

2014

Average Sales Price

Q1 CLOSED UNITS: # OF SIDES (sfh) PRICE RANGE

2011

2012

2013

2014

285

307

286

94

109

8 387

% CHANGE

440

(2014 v 2013)

430

215

-25%

420

132

163

23%

400

14

12

38

217%

380

430

430

416

-3%

360

2011

2012

2013

2014

Up to $1 Million

$172,012,151

$177,527,070

$199,162,841

$1 - $3 million

$147,119,370

$169,195,085

$3 MIllion and up

$35,165,000

$59,564,500

Up to $1 Million $1 - $3 million $3 MIllion and up

TOTALS

410 390 370 2011

2012

2013

2014

Q1 CLOSED VOLUME (SFH) PRICE RANGE

% CHANGE

$700,000,000

(2014 v 2013)

$600,000,000

$154,751,912

-22%

$500,000,000

$204,587,617

$255,425,645

25%

$51,174,300

$163,574,000

220%

$454,924,758 $573,751,557

26%

$400,000,000

TOTALS

3

$354,296,521 $406,286,655

$300,000,000 $200,000,000 $100,000,000 $2011

2012

2013

2014

mill valley

SINGLE FAMILY HOME SALES 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 Valleyâ&#x20AC;&#x2122;s idyllic location beneath Mount Tamalpais and its ease of access to San Francisco has made it a popular home for many commuters.

Q1 average sales price (sfh) PRICE RANGE Up to $1 Million $1 - $3 million $3 MIllion and up

% CHANGE

2011

2012

2013

2014

$753,289

$722,083

$774,516

$810,833

5%

$1,450,362

$1,470,731

$1,461,783

$1,554,501

6%

n/a

$3,312,500

$3,526,500

$4,199,857

19%

$1,076,930

$1,196,038

$1,129,701

$1,675,198

48%

(2014 v 2013)

$1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $2011

TOTALS

2012

Average List Price

2013

2014

Average Sales Price

Q1 CLOSED UNITS: # OF SIDES (sfh) PRICE RANGE

2011

2012

2013

2014

Up to $1 Million

30

24

35

$1 - $3 million

26

26

23

% CHANGE

62

(2014 v 2013)

60

15

-57%

58

39

70%

54

56

52

0

2

2

7

250%

56

52

60

61

2%

2011

2012

2013

2014

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%

n/a

$6,625,000

$7,053,000

$29,399,000

317%

$60,308,081

$62,194,000

$67,782,050

$102,187,053

51%

$3 MIllion and up

50 48

TOTALS

46 2011

2012

2013

2014

Q1 CLOSED VOLUME (SFH) PRICE RANGE

% CHANGE (2014 v 2013)

$120,000,000 $100,000,000 $80,000,000 $60,000,000 $40,000,000

$3 MIllion and up

TOTALS

Serving Marin county and san francisco sothebyshomes.com/sanfrancisco

$20,000,000 $2011

2012

2013

2014

4

ross and kentfield

SINGLE FAMILY HOME SALES

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.

Q1 average sales price (sfh) PRICE RANGE

2011

2012

2013

2014

$658,667

$672,500

$960,000

$1 - $3 million

$1,670,000

$1,832,500

$3 MIllion and up

$5,303,750 $4,525,000

Up to $1 Million

% CHANGE

$3,000,000

(2014 v 2013)

$2,500,000

$827,500

-14%

$2,000,000

$1,726,181

$1,858,500

8%

$4,516,667

$4,101,250

-9%

$1,500,000 $1,000,000 $500,000 $2011

TOTALS

$2,491,500 $1,894,583

$2,106,445

$2,290,313

9%

2012

Average List Price

2013

2014

Average Sales Price

Q1 CLOSED UNITS: # OF SIDES (sfh) PRICE RANGE

% CHANGE

2011

2012

2013

2014

Up to $1 Million

3

4

1

2

100%

$1 - $3 million

7

6

16

10

-38%

$3 MIllion and up

4

2

3

4

33%

TOTALS

14

12

20

16

-20%

2011

2012

2013

2014

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%

25

(2014 v 2013)

20 15 10 5 2011

2012

2013

2014

Q1 CLOSED VOLUME (SFH) PRICE RANGE

% CHANGE (2014 v 2013)

$45,000,000 $40,000,000 $35,000,000 $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000

TOTALS

5

$34,881,000 $22,735,000

$42,128,890 $36,645,000

-13%

$2011

2012

2013

2014

sausalito

SINGLE FAMILY HOME SALES 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.

Q1 average sales price (sfh) PRICE RANGE Up to $1 Million $1 - $3 million

% CHANGE

2011

2012

2013

2014

$751,950

$697,200

$750,975

$607,500

-19%

$1,838,833

$1,756,750

$1,826,667

$1,413,193

-23%

n/a

n/a

$4,101,300

$3,985,000

-3%

$1,295,392

$1,349,231

$1,573,150

$1,991,582

27%

(2014 v 2013)

$2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000

$3 MIllion and up

$2011

TOTALS

2012

Average List Price

2013

2014

Average Sales Price

Q1 CLOSED UNITS: # OF SIDES (sfh) PRICE RANGE

2011

2012

2013

2014

Up to $1 Million

6

5

4

$1 - $3 million

6

8

$3 MIllion and up

0

TOTALS

12

% CHANGE

16

(2014 v 2013)

14

2

-50%

12

3

9

200%

8

0

1

4

300%

4

13

8

15

88%

2011

2012

2013

2014

$4,511,698

$3,486,000

$3,003,900

$11,033,000

$14,054,000

n/a $15,544,698

10

6

2 2011

2012

2013

2014

Q1 CLOSED VOLUME (SFH) PRICE RANGE Up to $1 Million

% CHANGE

$35,000,000

(2014 v 2013)

$30,000,000

$1,215,000

-60%

$25,000,000

$5,480,000

$12,718,734

132%

n/a

$4,101,300

$15,940,000

289%

$17,540,000

$12,585,200

$29,873,734

137%

$20,000,000

$1 - $3 million $3 MIllion and up

TOTALS

Serving Marin county and san francisco sothebyshomes.com/sanfrancisco

$15,000,000 $10,000,000 $5,000,000 $2011

2012

2013

2014

6

tiburon and belvedere

SINGLE FAMILY HOME SALES

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.

Q1 average sales price (sfh) PRICE RANGE Up to $1 Million

2011

2012

2013

2014

% CHANGE (2014 v 2013)

$759,950

$844,625

$791,000

$945,000

19%

$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

42%

$4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000

$1 - $3 million

$1,500,000 $1,000,000 $500,000 $2011

$3,198,319

2012

Average List Price

2013

2014

Average Sales Price

Q1 CLOSED UNITS: # OF SIDES (sfh) PRICE RANGE

2011

2012

2013

2014

Up to $1 Million

4

4

1

$1 - $3 million

19

23

24

% CHANGE

40

(2014 v 2013)

35

1

0%

30

19

-21%

20

25

15

3

7

5

18

260%

10

26

34

30

38

27%

-

2011

2012

2013

2014

Up to $1 Million

$3,039,800

$3,378,500

$791,000

$1 - $3 million

$33,733,000

$41,243,585

$3 MIllion and up

$10,800,000

TOTALS

$47,572,800

$3 MIllion and up

5

TOTALS

2011

2012

2013

2014

Q1 CLOSED VOLUME (SFH) PRICE RANGE

% CHANGE

$140,000,000

(2014 v 2013)

$120,000,000

$945,000

19%

$100,000,000

$43,643,000

$40,311,130

-8%

$33,189,500

$23,295,000

$80,280,000

245%

$77,811,585

$67,729,000

$121,536,130

79%

$80,000,000

7

$60,000,000 $40,000,000 $20,000,000 $2011

2012

2013

2014

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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

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Auction & Exhibition Calendar 2014

16 29

NEW YORK APRIL A Modern Library: The Gordon Waldorf Collection John James Audubon: The Birds of America, The Viviparous Quadrupeds of North America The Inventive Eye: Photographs from a Private Collection Photographs Important Russian Works of Art, European Silver, and Vertu American Paintings, Drawings & Sculpture Magnificent Jewels

1 8 9 16 29 29 30

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

1 1

2 8

SOTHEBY’S INTERNATIONAL REALTY AFFILIATES LLC. AN EQUAL OPPORTUNITY COMPANY. EQUAL HOUSING OPPORTUNITY. EACH OFFICE IS INDEPENDENTLY OWNED AND OPERATED.

© MMXIV SOTHEBY’S INTERNATIONAL REALTY AFFILIATES LLC. ALL RIGHTS RESERVED. SOTHEBY’S INTERNATIONAL REALTY® IS A REGISTERED TRADEMARK LICENSED TO

1

1

PARIS APRIL Picasso and the Nude: Fifty Drawings from the Marina Picasso Collection

Shown Above Left: WILLARD LEROY METCALF (1858 – 1925) A SEASIDE PASTURE SIGNED W L METCALF (LOWER LEFT) OIL ON CANVAS PAINTED IN 1910.

26 BY 29 INCHES (66 BY 73.7 CM) AMERICAN PAINTINGS, DRAWINGS & SCULPTURE NEW YORK 16 APRIL 2014

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