Archive for the ‘Sausalito’ Category
This market profile is a snapshot of what is happening in Sausalito for single family homes (condos excluded). Home prices dipped slightly this week, however, in general, home prices in have been moving slightly up in recent weeks . The number of Saualito homes for sale has trended up while the days on the market has remained flat. The Sausalito market action index has improved, indicating mildly positive market conditions for homes in Sausalito.
Sausalito Real Estate Market Update
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There are currently 41 homes* for sale in Sausalito, California. There are 4 homes under contract. (*single family) |
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| Median List Price | $1,995,000 |
| Highest Priced Home in Sausalito (single family) | $18,000,000 51 Wolfback Ridge, Sausalito |
| Lowest Priced Home in Sausalito (single family) | $379,900 15 Dutton Court Sausalito |
| Asking Price per Square Foot | $790 |
| Average Days on Market | 158 |
| Percent of Properties with Price Decrease | 21% |
| Percent Relisted | 3% |
| Median House Size (sq ft) | 2,291 |
| Median Lot Size | 4,501-6,500 Sq. Feet |
| Median Number of Bedrooms | 3.0 |
| Median Number of Bathrooms | 2.5 |
| Market Action Index | 11- Cold! Buyer’s Market |
The Market Action Index answers the question: “How’s the Sausalito Real Estate Market?” By measuring the current rate of sale versus the amount of inventory. Index above 30 implies seller’s market conditions. Below 30, conditions favor the buyer.
Sausalito Real Estate Market Data effective as of June 28, 2009. Data provided by AltosResearch and Bay Area Real Estate Information Services, Inc. Are you a Marin real estate junkie? Sign up to receive very detailed real-time market reports in your email. Just register and let me know which neighborhoods you are interested in. Download a sample report.
There have been 21 Marin homes with a sales price over $5,000,000 sold year-to-date. In the same time period in 2007, 29 Marin homes with a sales price over $5,000,000 were sold.
| Address | Selling Price |
| 1960 Straits View Drive, Tiburon | $12,518,000 |
| 106 Mount Tiburon Rd, Tiburon | $10,500,000 |
| 210 Beach Rd., Belvedere | $9,750,000 |
| 3 Upper Ames Ave., Ross | $9,000,000 |
| 324 Palm Ave., Kentfield | $8,575,000 |
| 104 Laurel Grove Ave., Ross | $8,500,000 |
| 2 Upper Rd W, Ross | $8,000,000 |
| 1499 Lucas Valley Rd, San Rafael | $7,250,000 |
| 37 W. Shore Rd, Belvedere | $7,000,000 |
| 148 Seadrift Rd., Stinson Beach | $6,595,000 |
| 49 Glenwood Ave., Ross | $6,500,000 |
| 135 Belvedere Ave., Belvedere | $6,485,000 |
| 21 Sky Rd., Mill Valley | $6,350,000 |
| 276 Seadrift Rd., Stinson Beach | $6,300,000 |
| 100 Spencer Ave., Sausalito | $6,250,000 |
| 19 Place Moulin, Tiburon | $6,100,000 |
| 3636 Paradrise Dr., Tiburon | $5,975,000 |
| 700 Goodhill Rd., Kentfield | $5,900,000 |
| 109 Fawn Dr., San Anselmo | $5,850,000 |
| 59 Bridge Rd., Ross | $5,500,000 |
| 321 Summit Ave., Mill Valley | $5,300,000 |
*Statistics pulled from BAREIS MLS
Single Family homes under contract in Marin County July 2008 compared to Marin homes under contract in July 2007 (more…)
Single Family homes under contract in Marin County
April 2008 vs. April 2007
| Belvedere | +200% |
| Corte Madera | +8% |
| Fairfax | -38% |
| Greenbrae | +25% |
| Kentfield | +40% |
| Larkspur | -75% |
| Mill Valley | -36% |
| Novato | -20% |
| Ross | -50% |
| San Anselmo | -12% |
| San Rafael | +7% |
| Sausalito | +17% |
| Tiburon | +85% |
Countywide, the number of Marin homes for sale was up almost 16% from last April. The number of homes under contract was down about 13% while the number of units sold is down about 31%.
While the number of homes sold in April 2008 vs April 2007 is dismal, the glimmer of hope is in the units under contract. We have gradually seen this number get closer to 2007 numbers for many Marin cities, indicating next month’s sold number may be even better.
Many cities and towns in Marin County require mandatory re-sale inspections before a seller transfers home ownership to a buyer.
Marin Cities that require resale inspections
- Belvedere
- Corte Madera
- Fairfax
- Larkspur
- Mill Valley
- Novato
- San Anselmo
- San Rafael
- Tiburon
Fees range widely from about $100 to close to $300 in Novato. Ouch! In addition, what is inspected during these inspections vary widely. Most check to make sure permits for any property improvements have been pulled. The cities also note issues that may not be compliant with current building codes, check on zoning, property usage, etc. Re-sale inspections in Marin county do not cover property condition, quality of construction, general defects with the property, termites, etc. Look for a general home inspection and a termite inspection to cover these items.
Marin sellers are strongly encouraged to perform the city/town re-sale inspections prior to going on their market. Your Marin real estate agent should help you arrange this. Some Marin cities and towns take an extended period of time to schedule inspections and also to return the inspection report. If you do not get the report in time, you could end up delaying close of escrow.
If you have not pulled permits, you may be fined, asked to pull those permits retroactively and in some instances, sellers have been asked to remove unpermitted improvements.
I have seen many deals fall apart after the reports are returned on a city/town resale inspection. Buyers don’t like surprises at the last minute. It is much better to know any issues relating to the city inspection before you find a buyer!
Marin home buyers: Never sign off on your resale inspection unless you have seen the report in your hands. Even if you attend the inspection, the city inspector may add mandatory items that you aren’t expecting. View the actual report. Some Marin cities and towns (such as Tiburon)do a re-inspection of required items (with an additional fee). If you fail to make corrections within your allotted time period, you may get fined per day. At last check, Tiburon fines racked up fines at a cool $103 a day. Now that can add up quickly!
The Sausalito segment of the Bike Tour of California happens this weekend. It kicks off on Friday evening with the Sausalito Stage One Gala at 6:00 pm in Sausalito. The evening features a black tie dinner, live and silent auction, music & dancing. Event takes place at the Big Bike Tent at Spinnaker Drive in downtown Sausalito. Tickets are $250pp.
The median home sale price in Sausalito was $1,850,000 in January 2008. The number of Sausalito homes on the market decreased almost 50% from one year ago. No Sausalito homes went in to contract in January. The number of homes sold stayed flat with five homes selling.
| Sausalito Homes |
Jan 2007 | Jan 2008 |
∆ |
% ∆ |
| For Sale | 31 | 14 | -17 | -54.84 |
| Under Contract | 4 | 0 | -4 | 0.00 |
| Sold | 5 | 5 | 0 | 0.00 |
*Single family homes only
Did you know there are nearly 40 marinas in the San Francisco Bay Area? Sausalito has one of the largest and busiest maritime areas in the region with almost a dozen marinas and boatyards. Sausalito is located on the south shore of Richardson Bay. Richardson Bay is located between Sausalito and the Tiburon Peninsula.
There are many child friendly restaurants in Marin. Here are just a few of my favorites:
350 Harbor Dr, Sausalito – (415) 331-3474
This Sausalito restaurant is pricey, but I love it. Order at the counter and sit inside or out (but bring a coat). The fish tacos are great, the setting is fantastic. The fish is fresh and local!
301 Corte Madera Town Center, Corte Madera (415) 413-9890
P.F. Changs in Corte Madera is a great addition to kid friendly restaurants in Marin. Mine seem to love all the noodle and rice dishes. We dined recently at 5:30 p.m. and ran into many families just like us, trying to dine early before bed time for young kids. P.F. Chang’s is located at Corte Madera Town Center. Check out my review of P.F. Changs when it first opened in Corte Madera.
800 Redwood Hwy, Mill Valley – (415) 383-0600
Pizza Antica is located in Mill Valley’s Strawberry Village, just off the 101 Highway at Tiburon Boulevard. It is noisy and perfect for kids, with a large menu featuring pizza, pasta and salads. Think black and white checkered floors in a big open room. The decibel level goes up at Pizza Antica when it gets crowded, so don’t go for a romantic dinner for two.
15 Main St, Tiburon – (415) 435-3440
Located on Main Street in downtown Tiburon, this charming pizzeria is a great place to take the kids. The atmosphere is very warm and inviting. The menu includes pizza, pasta and some really good salads. If you are going with a larger group, check to see if the back room is available. It is a great place to let the little ones run around while you have an adult conversation.
286 Magnolia Ave, Larkspur – (415) 924-7676
Great food, and kid friendly- hard to imagine! This Larkspur restaurant is part of the Lark Creek Restaurant Group- so the food is simply outstanding. It is located just a short distance from the Lark Cree Inn in an old house. The front has outdoor picnic tables which are great for families. It is open and inviting in the summer months, enclosed and heated in the warm months. Kids love the sandbox on the outdoor patio.
Many Marin County home sellers took their homes off the market over the holidays. This helped overall stats. Despite the holidays, we still saw quite a few homes go into contract. Many areas of Marin are considered seller’s markets including Corte Madera, San Anselmo, Sausalito and Mill Valley. The situation in Novato still looks dismal. Below are the stats by city. These numbers are likely to fluctuate widely after the New Year when sellers put their homes on the market.
Marin Market Update By City
| City | # for Sale | # in Contract | % in Contract |
| Belvedere | 18 | 2 | 11% |
| Corte Madera | 11 | 6 | 55% |
| Fairfax | 19 | 6 | 32% |
| Greenbrae | 8 | 2 | 25% |
| Kentfield | 14 | 2 | 14% |
| Larkspur | 12 | 3 | 25% |
| Mill Valley | 51 | 19 | 37% |
| Novato | 203 | 23 | 11% |
| Ross | 11 | 2 | 18% |
| San Anselmo | 35 | 16 | 46% |
| San Rafael | 119 | 29 | 24% |
| Sausalito | 16 | 9 | 56% |
| Tiburon | 40 | 12 | 30% |
| Total | 557 | 131 | 24% |
- Over 35% in contract is usually indicative of a sellers’ market.
- Under 25% in contract is usually indicative of a buyers’ market.
- 25%-35% in contract indicates a balanced market.
*Marin County Real Estate statistics pulled from BAREIS MLS on 12/29/2007.