Q3 2014 – Pacific Union Quarterly Report

Home prices reached yearly peaks at some point in the third quarter in five of Pacific Union’s Bay Area regions. As has been the case all this year, buyers continued to pay more than original prices for homes in the East Bay, San Francisco, and Silicon Valley.

Although almost all of our real estate markets still favor sellers, many saw modest increases in inventory from August to September, a hopeful sign for buyers who have been shut out of the action and are giving it another try this fall.

Pacific Union’s third-quarter 2014 report is packed with data and regional summaries that offer a complete look at real estate activity in the Bay Area and the Tahoe/Truckee region.

Our Q3 Report also includes a comprehensive chart tracking 10 years of home sales throughout the Bay Area and Tahoe/Truckee — 76 cities, towns, and neighborhoods in nine regions. A smaller version of that chart, showing regional totals, appears below. Click anywhere on the chart to see the full data set.

 

 

10YearQ314

 

CONTRA COSTA COUNTY

A slowdown in real estate activity that began at the end of the second quarter continued through the third quarter in Pacific Union’s Contra Costa County region. The number of properties on the market pulled back from a year ago, perhaps because sellers were uncertain where they would find their next home, with virtually every Bay Area community reporting extremely limited inventory levels.ContraCostaQ314

Contra Costa buyers were similarly cautious in the third quarter due to rapidly increasing prices, and the number of closed transactions declined. The drop-off resulted in fewer multiple offers and many more price reductions than we have seen in recent quarters, with most homes in the third quarter selling for slightly below their original list prices.

Looking Forward: We anticipate flat appreciation for the remainder of the year. Real estate activity will taper off as the holiday season approaches, and inventory will likely remain tight into 2015, as sellers wait for spring to put their homes on the market. With buyers also standing on the sidelines, homes will take longer to sell and should be priced conservatively to avoid price reductions.

Defining Contra Costa County: Our real estate markets in Contra Costa County include the cities of Alamo, Blackhawk, Danville, Diablo, Lafayette, Moraga, Orinda, Pleasant Hill, San Ramon, and Walnut Creek. Sales data in the report charts includes single-family homes in these communities.


EAST BAY

The pace of sales remained strong in Pacific Union’s East Bay region during the third quarter, with July posting big gains compared with one year ago followed by a slight slowdown in August and September.EastBayQ314

Most homes on the market received multiple offers, although the number and frequency of bids eased from the frenetic pace of the spring selling season.

Many new buyers started their search during the quarter, while the inventory of homes declined. The most competitive markets were those with high Walk Scores and those in close proximity to BART stations. The most active price point was for homes listed in the $750,000-to-$1-million range. Overall, prices continued to climb higher, with most homes in the region selling for well above their asking prices.

Looking Forward: We expect to see an increase in homes hitting the market in October and a corresponding rise in sales. A slight shift toward a more balanced market will still see strong buyer demand but without the extreme competitiveness observed in recent quarters.

Defining the East Bay: Our real estate markets in the East Bay region include Oakland ZIP codes 94602, 94609, 94610, 94611, 94618, 94619, and 94705; Alameda; Albany; Berkeley; El Cerrito; Kensington; and Piedmont. Sales data in the report charts includes single-family homes in these communities.


MARIN COUNTY

Third-quarter real estate activity in Pacific Union’s Marin County region was a study in contrasts. July and August were exceptionally slow, but after Labor Day, the market caught fire as vacationing Bay Area residents returned home and set about the business of finding the perfect property. The higher end of the market saw strong sales, with multiple offers the rule for any well-priced home located in an attractive area.MarinQ314

Inventory remained slim, however, as sellers held off putting their homes on the market. The run-up in prices over the past two years offered a clear incentive to sell, but many owners were caught in a Catch-22: Selling, even at a healthy profit, puts them in the same predicament as other buyers, scrambling to find their next home in an extremely tight market.

Mill Valley and Kentfield were the most active markets in the region. Homes priced from $1 million to $1.3 million sold briskly.

Looking Forward: Unlike the start of the third quarter, real estate activity in the fourth quarter looks to be quite vigorous, continuing the momentum that broke out in September. Buyers are already scouting the region to close sales before the holiday season arrives.

Defining Marin County: Our real estate markets in Marin County include the cities of Belvedere, Corte Madera, Fairfax, Greenbrae, Kentfield, Larkspur, Mill Valley, Novato, Ross, San Anselmo, San Rafael, Sausalito, and Tiburon. Sales data in the report charts includes single-family homes in these communities.


NAPA COUNTY

After a busy second quarter, real estate activity in Pacific Union’s Napa County region slowed to a crawl at the start of the third quarter. Homebuyers seemed to have taken off the entire month of July before business picked up the following month, only to be briefly derailed by the Aug. 24 Napa earthquake. But by September, buyers were back in the game, though with little urgency.NapaQ314

Shoppers benefited from an increased supply of homes for sale and more price reductions than we’ve seen in quite a while. Sellers weren’t happy to see prices roll back a bit, but after two years of substantial increases, the decline wasn’t unexpected. The market for homes in the $1-million-to $2-million range was very busy, while midpriced homes – $450,000 to $700,000 – saw only modest sales. Activity in St. Helena remained particularly strong.

Looking Forward: We expect the momentum that started building in September to continue through October and early November, assisted by a strong supply of homes already in escrow by the end of the third quarter. Following typical patterns, fourth-quarter activity will slow by the end of the year as real estate deals give way to the holiday season.

Defining Napa County: Our real estate markets in Napa County include the cities of American Canyon, Angwin, Calistoga, Napa, Oakville, Rutherford, St. Helena, and Yountville. Sales data in the report charts includes all single-family homes in Napa County.


SAN FRANCISCO

The number of homes sold in Pacific Union’s San Francisco region was down somewhat in the third quarter year over year, but the average sales price was appreciably higher, reflecting substantial confidence in the local real estate market and the overall economy. Inventory remained tight, as owners held off putting their homes on the market despite the remarkable run-up in prices over the past two years. One reason for this is that once sellers become move-up buyers, they face the same problem as other home shoppers across the Bay Area: lack of inventory.SFQ314

Noe Valley was particularly popular with buyers, and condominiums sold well across the entire city. The most active price point was for homes priced up to $2 million. Multiple offers remained standard for almost all fairly priced properties, although the number of offers and the intensity of bidding has waned over the past year.

Looking Forward: San Francisco’s robust economy and high-paying jobs combined with historically low interest rates gives us confidence that real estate activity will remain strong throughout the fourth quarter. The winter months will see a typical seasonal slowdown, which presents an opportunity for both buyers and sellers to get a jump on the competition.


SILICON VALLEY

Real estate activity zigzagged during the third quarter in Pacific Union’s Silicon Valley region, slowing to a crawl in July and August, then going gangbusters in early September before decelerating again. High-end markets such as Palo Alto, Menlo Park, and Hillsborough, however, remained busy throughout the quarter.SilValQ314

The region has some of the most expensive homes in the nation, and in Menlo Park, no homes on the market were priced at less than $1 million. Across Silicon Valley, any property priced under $4 million sold briskly.

Home prices continued rising throughout the quarter, although not at the pace seen a year earlier. Multiple offers remained standard, though bidders weren’t as frantic as they were last year. Similarly, off-market sales, while still common, were not as rampant as in 2013. While a balanced market for both buyers and sellers remains a long way off in Silicon Valley, the region is slowly moving in that direction.

Looking Forward: We expect moderate activity during the fourth quarter before sales slow during the year-end holiday season. Early indications suggest an increased supply of homes will hit the market during October, helping to drive sales in the months ahead.

Defining Silicon Valley: Our real estate markets in the Silicon Valley region include the cities and towns of Atherton, Los Altos (excluding county area), Los Altos Hills, Menlo Park (excluding east of U.S. 101), Palo Alto, Portola Valley, and Woodside. Sales data in the report charts includes all single-family homes in these communities.

Defining the Mid-Peninsula: Our real estate markets in the Mid-Peninsula subregion include the cities of Burlingame (excluding Ingold Millsdale Industrial Center), Hillsborough, and San Mateo (excluding the North Shoreview/Dore Cavanaugh area). Sales data in the report charts includes all single-family homes in these communities.


SONOMA COUNTY

It has been a busy year for real estate in in Pacific Union’s Sonoma County region, and the third quarter was no exception. Other than a slight seasonal slowdown in August and September, buyers were motivated, and sellers were ready to make deals.SoCoQ314

Inventory nonetheless remained constrained throughout the quarter. Owners have good reasons to put their homes on the market after two years of steadily rising prices, but they remain reluctant to do so. With the supply of properties tight across the Bay Area, owners apparently fear they could have a tough time finding a new home when they sell their current one.

Sales of high-end properties climbed in the third quarter, with a 45 percent increase for homes priced from $900,000 to $1 million. Meanwhile, lower-priced home sales dropped off, as the region exhausted its remaining supply of distressed properties. Prices rose at a healthy pace overall –especially in Petaluma and parts of Santa Rosa – while Cloverdale and coastal areas saw prices pull back.

Looking Forward: Demand for homes remains strong, interest rates remain low, and the Bay Area economy shows no sign of slowing. If the supply of homes picks up as we expect, buyers will be waiting and ready to sign contracts.

Defining Sonoma County: Our real estate markets in Sonoma County include the cities of Cotati, Healdsburg, Penngrove, Petaluma, Rohnert Park, Santa Rosa, Sebastopol, and Windsor. Sales data in the report charts includes all single-family homes and farms and ranches in Sonoma County.


SONOMA VALLEY

Real estate activity in Pacific Union’s Sonoma Valley region remained robust during the third quarter, but there were also signs of the market taking a deep breath. Those signs included a slight slowing of sales during the latter part of the quarter, more reductions on properties that had been priced too aggressively, and available homes staying on the market longer than we have seen in previous quarters.SoValQ314

While there is almost always a bit of imbalance between buyers’ and sellers’ expectations, that disparity seemed to be more evident recently. The market was still strong, but the frenetic pace of sales activity seen in recent years gave way to more balanced conditions. Unlike other regions in the Bay Area, buyers in Sonoma Valley had an ample supply of homes to choose from, and new listings came on the market regularly.

Looking Forward: We expect the fourth quarter to continue trends seen in the third. Sellers will need to be realistic about pricing and length of time on the market, and buyers will need to pay attention to the continued rise in home prices. After a typical slowdown during the holiday season, we are optimistic about the first quarter of 2015. Interest rates should remain low, inventory should stabilize, and buyer interest in homeownership will remain strong.

Defining Sonoma Valley: Our real estate markets in Sonoma Valley include the cities of Glen Ellen, Kenwood, and Sonoma. Sales data in the report charts refers to all residential properties – including single-family homes, condominiums, and farms and ranches – in these communities.


TAHOE/TRUCKEE

The third quarter was a busy time for both buyers and sellers in Pacific Union’s Tahoe/Truckee region, with an abundance of properties on the market. Sales activity was generally strong across the region but spotty in pockets: Some ski resorts and communities reported remarkably strong sales, while others held steady or posted declines. Measured by price, luxury homes — $2 million-plus properties — sold extremely well during the quarter, and prices continued rising across the overall market.TahoeQ314

Homes in the region that were fairly priced attracted the most interest from buyers, while overpriced homes lingered on the market for 60 to 90 days or longer without an offer. Tahoe/Truckee is primarily a second-home market for buyers from the Bay Area, Sacramento, and Reno areas, and those regions’ vigorous economies help drive real estate here.

Looking Forward: The coming winter months will remain busy, as visiting skiers check out the area and become tempted to purchase homes. Prices in Tahoe/Truckee have not yet reached their prerecession peaks, so buyers can still track down bargains. Sellers will find plenty of willing and able buyers, so long as their properties are fairly priced.

Defining Tahoe/Truckee: Our real estate markets in Tahoe/Truckee include the communities of Alpine Meadows, Donner Lake, Donner Summit, Lahontan, Martis Valley, North Shore Lake Tahoe, Northstar, Squaw Valley, Tahoe City, Tahoe Donner, Truckee, and the West Shore of Lake Tahoe. Sales data in the report charts includes single-family homes and condominiums in these communities.

8 Octavia Street

8 Octavia Street is prominently situated at the entry to the desirable Hayes Valley neighborhood, 8 Octavia marks the new heart of San Francisco and signals a fresh approach to urban living. Through its award-winning design by Stanley Saitowitz, advanced home technologies, curated retail and unparalleled neighborhood access, 8 Octavia cultivates a dynamic, connected lifestyle tailored to the city’s active culture.

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With its sculptural form and contemporary materials, 8 Octavia rises to meet the scale of its urban setting and establishes a refined presence in the city. The slender building, wrapped in glass, is designed to engage the neighborhood while creating a haven for residents.

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Stanley Saitowitz | Natoma Architects have woven architecture and landscape into a modern retreat crafted for San Francisco’s dynamic culture. A tranquil viewing garden welcomes residents home and offers a glimpse of the restaurant beyond.

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Vertical courtyards are introduced throughout the building, enhancing the sense of openness. Above, residents enjoy sweeping city views from 8 Octavia’s open-air lounge.

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8 Octavia’s award winning design re-imagines the modern urban residence to maximize living space and provide increased flexibility. Many residences will enjoy sweeping city views, while individually controlled louvers allow residents to modulate natural light and privacy as well as improve energy efficiency.

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The next-generation of urban residences, 8 Octavia optimizes the integration of kitchen and bath components to enable open, flexible living areas. Select floor plans offer an optional movable wall to configure multiple rooms on demand.

Each of 8 Octavia’s penthouses offers a distinctive setting for urban living. Unique features available in these select residences include private rooftop terraces, two-level townhouse plans, and full master suites. Finely detailed interior finishes and technology-enabled concierge services and access systems complete this state-of-the-art home design.

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FEATURES:
Louvers8 Octavia’s louvered facade reinterprets a feature of early modern architecture for contemporary San Francisco. The slim, vertical louvers reach the full height of each floor and work to modulate natural light, views, and interior comfort while improving energy efficiency. Residents can adjust their experience throughout the day from floor-to-ceiling views to soft afternoon sun to evening privacy.
LandscapeStanley Saitowitz | Natoma Architects and Marta Fry Landscape Associates have blended architecture and landscape to compose a spacious urban retreat. A jewel-box viewing garden—a sculptural basalt stone, set in glass—imbues the entry lobby with a tranquil presence. At the rooftop terrace, finely detailed materials, plantings and furnishings create an open-air lounge with commanding city views.
KitchensBeautiful, flexible and functional, the SieMatic handle-free kitchens—finished in Titan pine wood laminate and glacier white Corian countertops—are an essential component of 8 Octavia’s next-generation residential concept. Smart design features, developed over 40 years, include patented systems that maximize storage.
WoodRefined yet warm, the wide-plank oak flooring, finished with natural oil, complements the modern interior. The sustainable, FSC-certified wood comes from the Benedictine monastery of Admont, Austria, which has cultivated wood products since its founding in 1074.
Keyless EntryAn innovative smartphone-supported Visionline keyless entry system provides advanced security and enhanced control. Residents can access their home with a smartphone or key fob as well as grant and monitor visitor access from anywhere in the world. The streamlined components and reader sit concealed within the door, seamlessly integrating with 8 Octavia’s clean design.
Virtual DoormanState-of-the-art remote doorman service, the first of its kind offered in San Francisco, further enhances 8 Octavia’s security and convenience. Virtual Doorman’s professional operators are available 24/7 to greet guests, receive deliveries and assist residents. Using the integrated web portal and smartphone app, residents can grant access for visitors and services on the go.
Temperature ControlWith Nest Thermostats residents enjoy optimal comfort while saving energy. Responsive technology learns individual preferences and patterns to provide just the right amount of warmth when it’s needed. The clear dial interface and mobile app enable easy control from any location.
ConnectivityA Webpass building-wide network supports 8 Octavia’s technology-enhanced lifestyle. Residences come connected with premium, synchronous 200 Mbps internet service. A roof-terrace hot spot brings service outdoors.

Best Bar in Larkspur you ask?

 

The Best Bar in Larkspur : Without a doubt, the Silver Peso, Larkspur’s oldest bar, is the bar / dive bar where everyone heads late night. You can go there for happy hour with a lot of tradespeople at 3pm, but candidly all of the people that stay out late in Marin end up at the Silver Peso, after midnight, in downtown Larkspur.

While you are here, check out all of our new quarterly reports for the bay area. We have great news from not only Marin, but also San Francisco, Contra Costa County, the East Bay, Napa, Sonoma, and Silicon Valley! Looking forward, we anticipate more of the same through the balance of 2014. This strong market does not appear to be weakening.

Q2 Marin Q2 SF Q2 East Bay Q2 Napa Q2 Sonoma Q2 Silicon Q2 Silcon minus Penn Q2 Tahoe

For a complete recap of the San Francisco Bay Area’s 2nd Quarter performance, review JimmyMarin’s 2nd Quarter Market Report.

For more Real Estate information from Jimmy Marin, check us out at Facebook, Twitter, Google+, LinkedIn, and YouTube.

Here is a video biography of JimmyMarin aka Jimmy Wanninger, one of the San Francisco Bay Area’s top realtors.

Jimmy and his team are affiliated with Pacific Union and Christie’s International Real Estate.

Larkspurs best adult restaurant really comes down to two, incredible restaurants.

First one, is a long time Marin favorite, Picco, which is located on Magnolia in downtown Larkspur. Ask for Luke at the bar, tell him you want a Jimmy. He will give you my cocktail.

If you’re going someplace where you want to sit outside in a bit of a bigger environment, in a much newer place, then head on over to Farm Shop in Larkspur. Ask for Jeff, the Chef and owner, or Michelle the beverage manager.Those guys will hook you up. Farm shop is a fantastic place.

While you are here, check out all of our new quarterly reports for the bay area. We have great news from not only Marin, but also San Francisco, Contra Costa County, the East Bay, Napa, Sonoma, and Silicon Valley! Looking forward, we anticipate more of the same through the balance of 2014. This strong market does not appear to be weakening.

Q2 Marin Q2 SF Q2 East Bay Q2 Napa Q2 Sonoma Q2 Silicon Q2 Silcon minus Penn Q2 Tahoe

For a complete recap of the San Francisco Bay Area’s 2nd Quarter performance, review JimmyMarin’s 2nd Quarter Market Report.

For more Real Estate information from Jimmy Marin, check us out at Facebook, Twitter, Google+, LinkedIn, and YouTube.

Here is a video biography of JimmyMarin aka Jimmy Wanninger, one of the San Francisco Bay Area’s top realtors.

Jimmy and his team are affiliated with Pacific Union and Christie’s International Real Estate.

Jimmy Marin talks about the Trulia Zillow Merger – YouTube. Jimmy gives his personal thoughts on the merger. Take a peak.

Zillow Trulia

Zillow Trulia Merger for $3.5 BILLION!

Jimmy Marin talks about the Trulia Zillow Merger – YouTube.

Jimmy gives his personal thoughts on the Zillow and Trulia merger. Take a peak.  Straight from an email Pete Flint the CEO of Trulia, saying that the 3.5 Billion dollar mergers HAS in fact happened.  The stocks are soaring, and what does this mean to the real estate world?

Jimmy said he feels that the real estate world will begin to evolve into the concept of, “Why don’t we have our OWN website, where we can put our listings.”  Think about the number of fees that are paid every month in dollars to Zillow and Trulia.  Arguably we could all put our dollars together and create our own site.

While you are here, check out all of our new quarterly reports for the bay area. We have great news from not only Marin, but also San Francisco, Contra Costa County, the East Bay, Napa, Sonoma, and Silicon Valley! Looking forward, we anticipate more of the same through the balance of 2014. This strong market does not appear to be weakening.

Q2 Marin Q2 SF Q2 East Bay Q2 Napa Q2 Sonoma Q2 Silicon Q2 Silcon minus Penn Q2 Tahoe

For a complete recap of the San Francisco Bay Area’s 2nd Quarter performance, review JimmyMarin’s 2nd Quarter Market Report.

For more Real Estate information from Jimmy Marin, check us out at Facebook, Twitter, Google+, LinkedIn, and YouTube.

Here is a video biography of JimmyMarin aka Jimmy Wanninger, one of the San Francisco Bay Area’s top realtors.

Jimmy and his team are affiliated with Pacific Union and Christie’s International Real Estate.

The August issue of Marin Magazine is out and we are proud to be featuring 60 Deer Park Avenue in San Rafael CA listed at $1,999,000.00.

Situated in a serene setting in San Rafael’s Upper Dominican neighborhood, with ease of access to San Francisco, North Bay, and East Bay, this beautiful 5 bedroom, 3.5 bath residence has been thoughtfully constructed inside and out. From dramatic vaulted ceilings to beautifully polished concrete and hardwood flooring every detail top to bottom has been carefully considered. Located in the hills of the Dominican on a private gated lot, nearly two thirds of an acre in size, this home is truly one of a kind.

This months Marin Magazine is presented Digitally here and is summarized with a short video from the editors of Marin Magazine below. Marin Magazine consistently presents informative articles about numerous Marin specific topics. This months issue is the Editor’s Choice issue. Filled with recommendations direct from the editors town by town. Take a look and pick a new place to check out.

Marin Magazine August 2014
Marin Magazine

Marin Magazine

 

In addition we have a short video featuring 60 Deer Park in San Rafael. What a great property in such a private location.

Take a peak at this stunning property located in the upper dominican of San Rafael. Amazing views, stunning architecture, and an amazing floor plan are all part of this gated estate on over .60 acres. Conveniently located close to schools, shops, restaurants, and transportation. Less than 20 minutes to San Francisco via 101. San Rafael CA Real Estate has some of the most stunning properties in all of Marin CA Real Estate.

Take a look below for more.

 

While you are here, check out all of our new quarterly reports for the bay area. We have great news from not only Marin, but also San Francisco, Contra Costa County, the East Bay, Napa, Sonoma, and Silicon Valley! Looking forward, we anticipate more of the same through the balance of 2014. This strong market does not appear to be weakening.

Q2 Marin Q2 SF Q2 East Bay Q2 Napa Q2 Sonoma Q2 Silicon Q2 Silcon minus Penn Q2 Tahoe

For more Real Estate information from Jimmy Marin, check us out at Facebook, Twitter, Google+, LinkedIn, and YouTube.

Here is a video biography of JimmyMarin aka Jimmy Wanninger, one of the San Francisco Bay Area’s top realtors.

Jimmy and his team are affiliated with Pacific Union and Christie’s International Real Estate.

Marin Magazine August 2014

Marin Magazine

Amazing Wine Country Pools are yet another brilliant reason to spend time in Wine Country.  It’s not just about the food and vino!
 Francis Ford Coppola Winery, via The Bubby Bay 


1. Francis Ford Coppola Winery, Alexander Valley

You’ll feel like a movie star sipping on a cocktail while you lounge beside one of Francis Ford Coppola’s pools. The glamorous area has two large pools, connected by a small, swimmable water bridge. And to make sure you stay chic at all times, there are 28 small cabines available to rent where you can change, store personal items, and even shower afterwards. The cabines are the only way to reserve pool time and space, and you can even get a personal flag to hoist above yours during your visit. The pools are currently open Friday and Saturday only, 11:00 a.m. to 6:00 p.m. Starting May 23 they will be open daily from 11:00 a.m. to 6:00 p.m. A day pass to the pool is $30 per adult. 300 Via Archimedes, Geyserville. 

2.  Lake Sonoma 

If you’re looking for something a little more private, find your own bend in the 50-mile shoreline of Lake Sonoma. This is the place to go for boating, fishing, and of course, swimming. Head for the Warm Springs Recreation Area – located below the dam – to find a number of picnic sites, two sand volleyball courts, a playground, and lawn area for sports.

Indian Spring mineral pool, via WordPress

3.  Indian Spring Resort and Spa, Calistoga 

The nearly Olympic-size pool at Indian Springs Resort and Spa, fed by geysers and infused with minerals, is naturally warm – around 102 degrees in winter and 92 degrees in summer. (Oh, yah). It’s the perfect place to relax regardless of the weather with a gorgeous view of nearby mountains. They’ve recently added a new adult pool to the mix – ten degrees cooler and adjacent to the mineral pool. There’s even a steam room, if vaporized water is more your style. Stop by the pool store for snacks, drinks, ice cream, sunblock, or any other necessities you may have forgotten. The pool is only open to hotel and spa guests, but a single spa treatment comes with an all-day pass to the pool and guests are allowed to bring one visitor to the pool for $20. Open daily 9:00 a.m. to 8:00 p.m. 1712 Lincoln Ave., Calistoga

Photo by Colleen Mullins, via Flickr. 

4.  Johnson Beach, Guernville

Johnson’s Beach is a popular, sandy, spot on the Russian River. Its’ walking distance to downtown restaurants, shopping and redwoods. The Beach offers canoes, single and double kayaks, and pedal boats for rent ($30/day or $10/hour) as well as umbrellas ($6/day), low beach chairs ($5/day) and inner tubes ($5/day). There’s a snack bar on the beach and beer is for sale at the boathouse. The best part – entrance and parking are free. Head here in September for the 38th Annual Russian River Jazz & Blues Festival. Gary Clark Jr., Trombone Shorty & Orleans Avenue, Boney James, Larry Graham & Graham Central Station, and Roy Rogers & The Delta Rhythm Kings are already booked, but many more performances will be added in the upcoming months. 16241 First Street, Guerneville

5. Spring Lake, Santa Rosa 

Take a dip in the 3-acre swimming lagoon or suntan on the sandy beach at Spring Lake. Open from Memorial Day weekend through Labor Day, the lagoon is manned by lifeguards, and treated with chlorine weekly. The 72-acre lake, however is open year-round for windsurfing, canoes, or paddleboats. Rent a boat from 11:00 a.m. – 4:00 p.m. Or set up a fishing pole for large-mouth bass, sunfish, and catfish. 393 Violetti Road, Santa Rosa

Click here for our guide to East Bay Swimming Holes

 

While you are here, check out all of our new quarterly reports for the bay area. We have great news from not only Marin, but also San Francisco, Contra Costa County, the East Bay, Napa, Sonoma, and Silicon Valley! Looking forward, we anticipate more of the same through the balance of 2014. This strong market does not appear to be weakening.

Q2 Marin Q2 SF Q2 East Bay Q2 Napa Q2 Sonoma Q2 Silicon Q2 Silcon minus Penn Q2 Tahoe

For a complete recap of the San Francisco Bay Area’s 2nd Quarter performance, review JimmyMarin’s 2nd Quarter Market Report.

For more Real Estate information from Jimmy Marin, check us out at Facebook, Twitter, Google+, LinkedIn, and YouTube.

Here is a video biography of JimmyMarin aka Jimmy Wanninger, one of the San Francisco Bay Area’s top realtors.

Jimmy and his team are affiliated with Pacific Union and Christie’s International Real Estate.

The current real estate market in the Bay Area favors sellers.

It’s a sellers’ market across the Bay Area, with buyers in April snapping up properties in all six counties, especially Marin. In Marin County, more than 48% of homes on the market had sales contracts in place at the end of April.

Also, a full 77% of the homes priced between $100,000 and $500,000 were in contract, with 58% in contract for homes priced $500,001 to $750,000, and 49% in contract for homes priced $750,001 to $1 million.

San Francisco had 40% of its homes in contract, with 1,029 homes priced between $100,000 and $1 million, and 236 priced between $1 million and $2 million. There were 97 priced between $2 million and $4 million, and 36 priced above $4 million.

Generally, a housing market favors sellers when more than 35% of homes are in contract, and a buyers’ market is indicated when less than 25% are in contract. A market is considered balanced when 25 to 35% of the homes are in contract.

 

429 Oakdale, Corte Madera – MLS# 21207669 – Price: #2,595,000
Beds: 5 Baths: 5 SQFT: 3300

Just 7 years young, spectacular Chapman Park Mediterranean perfect for family living and grand entertaining. Natural limestone connects most living spaces w/ lovely patios. 5 bd/4.5 ba. Excellent floor plan, perfect scale, and sumptuously warm designer finishes. Located in sought after Chapman Park, just 2 blks to new community plaza & cafe under construction, and to 20-acre Town Park and award winning schools.


This property is likely to sell from this list price in this market. Similar homes at this price point have received multiple offers in recent weeks. Follow our 5 point strategy to win in a multiple offer situation and you are likely to be very successful. If you are interested in taking a look please call Jimmy at 415.990.8990. We know the location, schools and weather well. In the meantime, happy searching!

Just Reduced to $1,479,000.

Open Today 2:00-4:00


28 Stetson, Kentfield CA

This 3 bedroom, 3 bathroom, beautiful home is ideally situated within minutes of Kentfield’s award-winning schools, shopping, and easy access to Highway 101. Open the front door and you’ll be welcomed by gorgeous hardwood floors and vaulted ceilings that continue throughout the Living, Dining and Family Rooms – a perfect open floor plan for those who like to entertain. You can’t miss the straight-on view of Mount Tamalpais through the huge family room window! The eat-in Chef’s kitchen boasts granite counters, professional stainless appliances, and a walk-in pantry. This spacious kitchen opens to a level lawn, patio and small vineyard—perfect for indoor-outdoor living. The upper level bedrooms are all En-Suite. The spacious Master Suite features vaulted ceilings, a walk-in closet, a dual sink vanity and separate stall shower. You’ll never want to leave the private backyard, lush with mature landscaping, a custom waterfall feature, two patios, small vineyard, views and level lawn. This elegant home is truly an entertainer’s delight!

Sales of million-dollar homes and condos increased last year in all 20 major metro areas — with some cities seeing an 18.6 percent increase in high-end home sales, according to DataQuick Information Systems. The increase follows four consecutive years of declines in million-dollar homes.

Here is the link: Top Cities With Highest Increase In Million Dollar Home Sales

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  • JimmyMarin | Pacific Union
  • Jimmy Wanninger
  • 1 Letterman Drive #300
  • San Francisco, Ca 94129
  • CA BRE# 01352287


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