BLOG - Marin Real Estate

A gorgeous day at the Christmas Tree lot today at Saint Vincent's Boy's School in Marinwood, San Rafael, Marin County, CA.  This is one of my Rotary Club's (Rotary Club of Novato Sunrise) annual fundraiser. 

This year we have little helper, sure makes things go faster!

Missy (according to proud daddy, Rik Godell (Owner of Goodell Structural Services and past president of the Sunrise Rotary Club), turns five months old tomorrow, and she is just a bundle of energy, super sweet, and very, very smart, well behaved puppy.

The foreground is a field owned by a farmer.  We get to see cows grazing and wondering back for dinner; the background is Saint Vincent's Boys School's hills.  Many XMAS tree faithful come here every year just to help our Rotary club with the fundraising...Thanks!!!

Heading into the High Fire Season in Marin County, this seems to be a good time to reintroduce the guideline on how to mow the grass in Marin County, especially the properties that are next to Open Space. 

The guideline was established by the the Marin County Department of Parks and Open Space.

This letter is especially critical at this time of year when fire risk is increasing; especially since Marin county is agian, facing a very dry summer season.

The information below can be found on Marin County website Wildfire Safety Information as well.

Excerpt from Marin County Open Space District:

GUIDELINES FOR MOWING GRASS ON MARIN COUNTY OPEN SPACE DISTRICT LAND ADJACENT TO YOUR HOME

It is extremely important that your clearance work does not start a fire and that you follow the guidelines below:

Confirm that the property you want to mow is owned by the Marin County Open Space District, not your neighbor or another agency. Information on lot lines and property ownership is available at the County Assessor-Recorder's Office (499-7215, or go to http://www.co.marin.ca.us/depts/AR/main/index.cfm) and the County Community Development Agency (499-6269, or go to http://www.co.marin.ca.us/depts/CD/main/index.cfm).

• Mow only grass. If you wish to cut brush or trees on Open Space District lands, you will need a permit; please call the District field office at 415-507-2816.
• Never mow under high fire hazard RED FLAG conditions; call 415-499-7191 for current conditions.
• In the heat of summer, mow early in the morning or during the evening when it is cooler and less likely that you could start a fire. Use extra caution with power mowers or other spark-producing tools.
• Keep a 5-pound "ABC" fire extinguisher AND a fully charged garden hose at the work site while mowing or other work is taking place.
• Do not use metal mowing heads on power scythes (weed whips) as they can spark from contact with rocks.
• Make sure spark arrestors are in place and functioning.
• Do not lay power tools in dry grass where hot metals may ignite flammable vegetation.
• Re-fuel tools away from vegetation -- on paved surfaces or cleared areas. Store gasoline away from site.
• If possible, have someone spot you (keep a close watch) while you are working to watch for problems.
• Watch for hikers and other open space visitors; cease work until they are clear from the work area.

Information on the Open Space District is available on the internet at: http://www.marinopenspace.org.

For guidelines on fire protection, call your local fire agency or check the internet:

• Fire Safe Marin
  http://www.firesafemarin.org/
• Marin County Fire Prevention Officers
  http://www.marinfirechiefs.org/prevention
• FireWise
  http://www.firewise.org
• Marin County Fire Services
  http://www.co.marin.ca.us/depts/FR/main/fire/services.cfm#vmp
• City of Novato Fire Services
  http://www.novatofire.org/default.aspx
• FEMA - Wildfire brochure
  http://www.fema/gov/pdf/hazards/wfie.pdf

A semi uneventful but very busy week for the office, with one wonder property on the market - a deliberally priced low REO single family home next to Novato High School, lots of unfinished, unpermitted work.  The property commanded 23 offers in a few short days with several over asking, all cash offers.  Novato realtors are buzzing about this kind of trend for REO offers (other than one extremely low priced short sale home on Leland Drive a while back, none generated as much activity as this house).  

An experienced and knowledgable local Realtor is ultra important in guiding you through this new real estate maze - Check with your Realtor on how to spot, evaluate and make strategic offers in the current market! 

As you can see from the statistics below, percentage wise, there is not a lot of change within a week.  Howeve, the numbers give a good feeling about the market, although unusual, being somewhat stable. 

Novato, and for that matter, Marin county real estate are seeing an encouraging trend of more buyers out looking for homes.  As is the aboe case in mind - there will be 22 ready and willing buyers (many with all cash) for a bargain and yes, they jump on one when they see it!

% pending and Days on Market (DOM) continue to be skewed by the lingering short sale homes that have been in contract for a long time while waiting for lenders approval.  Ask Sylvia to research background of the properties you are interested in! 

Contact me at (415) 717-0293 or at sylvia@SylviaSellsMarin.com to discuss the market and the current trend, get familiar with the buying process, and start hunting for inventories on the market, whether REO, Trust Sale, start home, luxury homes.  Take time to see many homes so you know the right house when you see it!  It's never too late to get ready.      I will be very happy to find the best house / investment property for you! 

It will be my pleasure to serve you!  Good Hunting!

• Buyer’s Market  < 25%
• Neutral                25% - 40%
• Seller’s Market   > 40%

Sylvia Barry, Realtor, ePRO
Marin Realtor for Marin Real Estate
Marin, San Francisco North Bay
Frankk Howard Allen Realtors
website: www.SylviaSellsMarin.com
Blog: www.AllAboutMarinHomes.com

 MARIN, SONOMA, S.F. BAY AREA REAL ESTATE - Beveldere, Corte Madera, Greenbrae, Kentfield, Larkspur, Marinwood, Mill Valley, Novato, San Anselmo, San Rafael, Sausalito, Tiburon; Cotati, Penngrove, Petaluma, Rohnert Park, Santa Rosa. Starter Home to Luxury Property. REO (Bank Owned), Short Sale, View Homes, Architecural Distictive Homes. Investment, 1031 Exchange. Chinese Realtor.

The pictures were taken in the summer, around the very desirable Partridge Knolls neighborhood, overlooking San Marin, showing the 'golden' state. During the raining season, the hills turns fresh and than jade, provides a refreshing look throughout the county. Mt. Burdell, being one of the 'younger' hills in Marin County, has oak trees dotted in various places, provides a lively and beautiful picture of the hills.

Sylvia Barry, Realtor, ePRO
Marin Realtor for Marin Real Estate
Marin, San Francisco North Bay
Frankk Howard Allen Realtors
website: www.SylviaSellsMarin.com
Blog: www.AllAboutMarinHomes.com

 MARIN, SONOMA, S.F. BAY AREA REAL ESTATE - Beveldere, Corte Madera, Greenbrae, Kentfield, Larkspur, Marinwood, Mill Valley, Novato, San Anselmo, San Rafael, Sausalito, Tiburon; Cotati, Penngrove, Petaluma, Rohnert Park, Santa Rosa. Starter Home to Luxury Property. REO (Bank Owned), Short Sale, View Homes, Architecural Distictive Homes. Investment, 1031 Exchange. Chinese Realtor.

Can't believe summer slips by so quickly!  I last posted Novato Statistics on April 1, 2009 and now is the later part of August.  Students are back in school and we are heading into fall.    

During the past four months, with housing prices dropped 20%-30% and certain condos at 50% drop (the ones with problementic HOAs), stimulus plan, attraction of the 'up to $8,000 credit back', interest rate staying low, regular sellers holding onto their properties unless they have to sell; the supply remains low and demand has heightened.  All these contribute a shift in the percentage of houses under contract, moving most price ranges into the 'sellers' market, meaning % of houses under contract is great than 40%.    

The only decrease in percent of pendings are the 700-800K range (inbetween starter homes and luxury homes) and the super luxury range (over $1.5M) in Novato.   

Novato, and for that matter, Marin county real estate are seeing an encouraging trend of more buyers are out looking for homes, and they are Serious and Anxious buyers.  Most are the traditional buyers with solid downpayments, steady jobs; some are seasoned investors, all cash buyers, some are first time investors, and many first time buyers are also taking advantage of the soft market, low housing prices; and not surprisingly, all are looking for that great bargains and many are getting them. 

% pending are also skewed by the many short sale homes that have been in contract for a long time while waiting for lenders approval, but what great bargains the buyers can get with time in hand and plenty of patience.  I often encourage my clients to look for short sales if they can wait, beats jumping back into that multiple offers situation with REO, bank owned homes.  All my buyers clients are getting the best deals now because both of us have the patience to strategize, look, wait and bargain for the best property to purchase.       

Contact me at (415) 717-0293 or at sylvia@SylviaSellsMarin.com to discuss the market and the current trend, get familiar with the buying process, and start hunting for inventories on the market, whether REO, Trust Sale, start home, luxury homes.  Take time to see many homes so you know the right house when you see it!  It's never too late to get ready.      I will be very happy to find the best house / investment property for you! 

It will be my pleasure to serve you!  Good Hunting!

• Buyer’s Market  < 25%
• Neutral                25% - 40%
• Seller’s Market   > 40%

Nestled in the hills of desirable Gerstle Park; this almost new, immaculate bungalow with bay, bridge and city view; is a rare find.  Walk up the stairs to the tiled front deck framed by gorgeous surrounding views.

The glass front wood door welcomes you while allowing sunshine into this sweet and compact but high efficient home.

Small but cleverly designed kitchen has slate tile floor, granite counter, stainless steel appliances, spotlights, under counter lighting and ample storage.  There is a breakfast area and an adjacent granite top breakfast bar/workstation combination. 

Cozy living room with dramatic fireplace set the stage.  Huge picture windows bring in plenty of sunlight and the gorgeous surrounding views.  Gleaming hardwood floors throughout; exposed wood beam ceilings add much warmth and charm to the home. 

Slat tiles in entry way and kitchen.  Double pane windows with shutter blinds frame gorgeous distant bay, bridge, and city views.  Enjoy the view while observing deer right at home outside the master bedroom windows.  2nd bedroom has access to the backyard.  Side deck outside of master bedroom is accessible through the door next to the kitchen.      

Small courtyard sanctuary provides a peaceful place to gather.  Level side yard to enjoy the view.  Side and backyard attract wildlife from surrounding hills. 

Centrally located with easy access to downtown San Rafael shops, restaurants, 101 and 580 freeways to east bay and the city.  Award winning schools.

_________________________________________________________

Sylvia Barry, Realtor, ePRO
Marin Realtor for Marin Real Estate
Marin, San Francisco North Bay
Frankk Howard Allen Realtors
website: www.SylviaSellsMarin.com
Blog: www.AllAboutMarinHomes.com

 MARIN, SONOMA, S.F. BAY AREA REAL ESTATE - Beveldere, Corte Madera, Greenbrae, Kentfield, Larkspur, Marinwood, Mill Valley, Novato, San Anselmo, San Rafael, Sausalito, Tiburon; Cotati, Penngrove, Petaluma, Rohnert Park, Santa Rosa. Starter Home to Luxury Property. REO (Bank Owned), Short Sale, View Homes, Architecural Distictive Homes. Investment, 1031 Exchange. Chinese Realtor.

Novato public schools are back in session, and Duke, our beloved Laborator / Pointer mix is very happy that he gets to go to Dogbone Meadows Dog Park to see his best friend, Hunter, again.  Since Dogbone Dog Park is in the opposite direction of my house in Partridge Knolls, San Marin Area, to my work, Frank Howard Allen Realtors, Duke only gets to go there after I drop my younger son off at the local school which is just a block away from the park.  This means Duke has not been there for quite sometime :-(  

The park is very popular, lots of dogs and their humen go there to hang out with their buddies.  The place can get overwhelming for Duke and I late afternoons after work.  I love going there in the mornings where things are calm, and there are only a few familiar dogs and very responsible dog owners.  We enjoy seeing each other and catching up.  And Duke!  He is in heaven!  You can not find a happier dog (o.k. maybe the other dogs at Dogbone Dog Park).

See the following for info about the very premier Dogbone Dog Park, Duke and his best friend, Hunter!  I still need to take some pictures later in the day when the sky is blue and bright.

--------------------------------------------------------------------------Dogbone Meadows Dog Park in Novato, Marin County, located en route to Stafford Lake and West Marin, dogs often bring their people when they are on the way to the beaches.  The dog park is right accross from Novato Chase luxury homes, is probably the best dog park in Marin County, or maybe even California.  Due to the great location and the natural surroundings, there are talks of starting the first community garden in Novato next to the dog park. 

Built by dog loving volunteers (or shall we say, slaves of dogs), the property is around 1 acre, with tracks for dogs and human alike, toys and exercise stations (the hoops, loops, bridges, jumps, tubs, etc) for dogs only.  The volunteers planted trees for shade, put down benches and , water fountains, , porchesThe backdrop is Open Space, part ofO'Hare Park, great hiking, horseback riding trails.

This is a morning with unusual heavy fog from West Marin, a beautiful background for the dog park. 

Duke (black with white spots, rescued from 2nd Chance Rescue) and Hunter (Golden, dapper with his red bandana - he has a whole collection of those) love to come here in the morning - Duke, after dropping his brother off at local high school, and Hunter, after dragging his mom for his daily 2 hour walk and play (can't say Hunter does not have a GREAT life, even Duke is envious of him!) - Hunter will chase the tennis ball and Duke will run along Hunter.

Makes Happy Dogs and Happy people when their dogs are tired the rest of, the day!   

It's a foggy morning, but I thought it's interesting, so I snapped the pictures.  

Duke and Hunter waiting for Hunter's mom to throw the ball.

Time to chase the ball!

Duke's best friend, Hunter, whose only passion is chasing the tennis ball!

Sylvia Barry, Realtor, ePRO
Marin Realtor for Marin Luxury Real Estate 
Marin, San Francisco North Bay
Frankk Howard Allen Realtors 
website: www.SylviaSellsMarin.com
Blog: www.AllAboutMarinHomes.com

SERVING MARIN, SONOMA, S.F. BAY AREA - FOR ALL YOUR REAL ESTATE NEEDS Beveldere, Corte Madera, Greenbrae, Kentfield, Larkspur, Marinwood, Mill Valley, Novato, San Anselmo, San Rafael, Sausalito, Tiburon; Cotati, Penngrove, Petaluma, Rohnert Park, Santa Rosa.

I hesitate to jump on the bandwagon to sing praises to the improved 101 traffic in Marin County since they opened the lanes on a stretch of San Rafael in first quarter, 2009.

It amazes me to see people who hardly drive on 101 filming the traffice at 6:00AM while reporting how great the traffic is ;-)

As a Realtor, commuting during traffic hours is not the norm as I have the priviledge to schedule appointments away from traffic hours and that is what I normally do.

I feel that for reliability, I have to wait until I actually have the chance to drive during traffic hours regularly before reporting with confidence about the improvement, if any.

Well, my younger son signed up for classes at Cal. The classes start at 8:10am / 9:10am; and I have the priviledge of driving him to UC during traffice hours every morning for the last two weeks.

So far, I am very impressed by how much traffic has improved.

During the height of construction period, it took me up to 1 hour to inch from North Novato to just befroe Central San Rafael. This includes finding all local detours (which many don't know) to avoid the heavies 101 traffic depending on how each stretch of traffic is moving at the time.

And now, I can be on the Richmond bridge in just over 20 minutes and be in the middle of Cal campus (which includes driving through the famously painful Unversity Avenue) in abuot 35 minutes.

O.K. I have to admit that I took advantage of the car pool lane with my younger son in the car. However, I was able to observe the heavier part of traffic when I drove by. There are still stretches where the traffic slows down but the stretch is much shorter - just before St. Pablo and right after that exit. The traffic, although slower, is not that bad. The cars still move along nicely isntead of the agonizing stop and go.

In addition, I also surveyed my clients who commute to the city for work. The reports are a resounding YES! on how much better the traffic is now. A client told me the improvement is anywhere from 30 to 45 minutes driving the 101 stretch in Marin county. I am pleased to hear that.

So, my overall report on the 101 widening project in Central Marin, although slow in coming, is - Yes, A Great Improvement!

MARIN COUNTY BANK OWNED / REO / FORECLOSED HOMES

UPDATED 07/16/09 (last updated 06/06/09)

By Popular Demand ... Thanks for emailing... Here is the updated report as requested!

Due to strong demand from my past and current clients and the interest from the prospective clients, I am providing you with list of current Bank Owned (REO - Real Estate Owned, and Foreclosed) homes.  The list will be updated freqeuently depending on relevant activities.  

(Word of Wisdom from your Realtor -  In addition to REO (Bank Owned) properties, there are GREAT Deals out there if you look hard enough.  I will be able to help you to find the best property for you in Marin and Sonoma county, Bank Owned or Not!  (O.K. I still have to work on the new Blog 'Tale of a Short Sale', but there are other priorities)  

The towns included in this list are Marin County towns South Marin, Central Marin, North Marin and West Marin (yes, we even have a few in South, Central and West Marin).  Specifically: Belvedere, Bolinas, Corte Madera, Dillon Beach, Fairfax, Greenbrae, Kentfield, Lagunitas, Larkspur, Mill Valley, Muir Beach, Nicasio, Novato, Marin County, Olema, Point Reyes Station, Ross, San Anselmo, San Geronimo, San Rafael, Sausalito, Stinson Beach, Tiburon, Tomales

Yesterday, I got the taste of actually being in the Parade while riding the truck with the Penguin Empire Robotics Team (San Marin High School Robotics Club). I have to say that it was a lot of fun riding with the students, pretending that I was helping (they knew exactul what to do). and waving to the bystanders (now that I am in it, might as well enjoy the parade!)

The parade drew record entries and recrod crowds presumably the difficutl economy kept a lot of people home during the summer; but being in Marin for the summer can not be considered a hardship, I have to say.

There were over 200 entries; including the perennial entry of fleet of antique tanks and military vehicles (a private collection), basset hound parade (yes, hundreds of them and their proud owners), MY personal favorite Pini Hardware Plunger Brigade, this year, with an automatic toilet built by Penguin Empire adviser Mike Sousa (I think Pini Hardware did the garbage can routine one year), many student groups - the Novato Summer Institute, Five Charming Lads from San Marin, San Marin Jazz Choir, Marin Summer Theater, Novato Unified School District, Various Novato schools and Novato School Fuel thanking Novato for passing Measure A+ for Kids campaign, dace clubs, Taken do clubs, anti-tax protesters, archers, musketeers, Coast Guard Strike Team, and much more.

It's also fun to see so many friends and neighbors out there watching and enjoying the parade.

Novato, a town of 50K+ population, a lay-back and very friendly town can seem so small and personal where we seem to know and care about everybody!

Oh, not to forget about the Penguin Empire Team - the students did great and the crowd were awed by the awesome robot whenever we stop. The students remotely controlled the robot, drove it down the ramp, performed a couple of routines (unfortunately, due to the crowd, we were not able to show the full potential of the robot) and drove it back up the float. The crowds were quite enthusiastic about the robot and the team :-)

Here are a few picturs to share with you (Sorry, I was too busy to be IN the parade and did not have time to take as many picturers as I have liked!):

And the Parade is not complete without the viewers cheering us on!

Come and check out these fabulous new homes in a small new community of 9 homes on Olive Court. Back up to privately owned open space and centrally located, these 9 new homes boasts same architectual details and top-of-the-line constructions, materials similar to those in Olive Ridge with the convenience of close to downtown Novato, Trader Joes, future Whole Foods, future SMART Train stations and such.

Homes are single story homes and two story homes. One will come with a pool. Homes have granite slab counters, glass tiled backsplash, stainless steel appliances, beautiful cabinets, recessed and decorative lightning, cathedral ceilings, beautiful fireplaces, hand rubbed hardwood floors, build-in cabinets in family room, central heat and central air conditioner; GREEN FEATURES and much more...

Open House Sunday 1-4PM

Call Sylvia Barry (717-0293) or email sylvia@SylviaBarryRe.com See these Wonderful Homes! 

3 OLIVE COURT A PLAN $899,000

• 2,840 sf living space (approx)
• 11,204 sf lot (approx)
• Single Story 3 bedrooms, 2.5 baths
• Office/Hobby Room
• 19 foot ceilings in living room
• 2 car garage
• Centrail Air Conditioning

19 OLIVE COURT, C PLAN, $999,999

• 3,444 sf interior space (approx)
• 9,369 sf lot (approx)
• 5 bedrooms, 4 baths
• butler's pantry
• Backs up to Open Space
• 3 Car tandem garage
• Centrail Air Conditioning

27 OLILVE COURT, C PLAN, $999,000

• 3,444 sf interior space (approx)
• 9,632 sf lot (approx)
• 5 bedrooms, 4 baths
• Butler's pantry
• Backs up to Open Space
• 3 Car tandem garage
• Central Air Conditioning
  

CHECK OUT SOME INTERIOR PICTURES OF THE HOMES - BUT NOTHING BEATS COMING OUT AND SEE THEM FOR YOURSELVES!!!

ARTIST RENDERING OF THE ESTABLISHED NEW OLIVE COURT COMMUNITY

SEARCH AND SAVE HOMES FOR FUTURE REVIEW? CLICK SEARCH FOR MARIN/SONOMA HOMES

Sylvia Barry
Frank Howard Allen
Cell (415)717-0293
Search and Save Homes for Future Review? Click http://www.sylviasellsmarin.com/SearchMarin/SonomaHomes
website www.SylviaSellsMarin.com #1 Marin, Sonoma Real Estate Resource

I always learn great things from my Rotary Club's (Rotary Club of Novato Sunrise) meeting - words of wisdom, kind deeds, great none-profit organizations, wonderful things people do for others all out of the goodness of their hearts; the down to earth approach, the selflessness in all, the good wills, the hope, and the future.

This past Tuesday was no exception.

While presenting 'Thought of the Day'; our past president, Bill Bell, recited the following, which I think is so true in today's environment, and thought it'd be beneficial for ALL of US to listen to the timeless wisdom again!

Abraham Lincoln, when establishing the Republican Party said:

"You cannot help the poor by destroying the rich.

There was much holding up of Abraham Lincoln in the recent Presidential election. Perhaps all should reflect on Lincoln's words going forward as government policies and directions are debated and implemented.

As if planned to celebrate the beginning of the summer vacation and a brand new chapter for our youth in Marin (yes, this is graduation weekend), Marin county is the proud host of two fun, entertaining and educational events.  

Both events celebrate the rich heritage and artistical talents of Marin county communities.  Good thing is there are TWO days in a weekend, so, you can spend one full day in each event :-)

Being a community minded real estate company, my company, Frank Howard Allen Realtors is a proud supporter of two wonderful community events happening this weekend, June 13 and 14,

Make sure you click on the link for the entertainment lineups for both events.  Many performing groups are homegrown, our local Marin Groups!

Novato Festival of Art, Wine & Music - our Novato Office is a sponsor of the 26th Annual Novato Art, Wine & Music Festival, which will take place in downtown Novato and features live music, a wine garden, arts and crafts booths and more. 

Novato Art, Wine and Music Festival

The Italian Street Painting Festival - Join us along Children's Avenue at the Street Painting Festival in downtown San Rafael where we continue the tradition of photographing our youngest artists as they create their very own chalk masterpieces.

Italian Street Painting Festival

 My friends. Margaret and Tim Buss have always participated in the Street Painting Fetival.  Margaret's speciality is the 'triangle' technique (see painting on the left).  This year, their son, Lawrence and his girl friend, Alex will follow the parents' footstep.  I look forward to see what the younger generation comes up with tomorrow.  

Millworks Novato (going strong with a lot of interest -check with Sylvia to see)

Novato Real Estate Market started to pick up after the gloomy winter - Yes! (by the way, is there such a thing as gloomy winter in Marin?  - we are so spoiled, when there are more than a drizzle and a little bit of wind, we complaint about the weather and then secretly congratulate ourselves for being in such a wonderful place - there is a premium there :-))

Thanks to the press, both prnt and online and yes, the Obama Stimulus plan, the buzz out there is this is a great time to BUY in Marin county.  Finally, we have affordable prices (o.k. affordable is a relative term), but more affordable houses here in Marin.

The condo/townhome cotinue to pick up pace, as well as the below $500K single family homes.  These are the ones that went thru the worst downturn and were the ones who led the short sale / foreclosure pact, but are now being recognized as the best purchases in town.  

Many former renters find it costs them less to own than to rent; in the mean time, they are able to enjoy the write offs from owning a home. 

That buzz drives the market right above it to go up.  'Starter' homes up to $700,000 saw across board increases in % Pending.  Being able to sell the condos and entry level homes means they can also move upward.  

This allows the $500K - $700K homes to see the biggest surge in % pending. 

The $800K and up range still lag behind - many are waiting for lenders to come up with the policy for Super Jumbo (between $625K and $729K) pricing structore.  Other move up buyers have their homes on market, are relunctant to 'buy contingenty upon sale' are hoping to sell and move into upper end houses here in Novato.  

Overall inventory starts to climb, as we expect it to be in Spring.  Homes for sale went up 25 homes, from 305 to 330 in a month (March to April). With the slower release of foreclosures, the inventory is not growing as much as we thought it would.   

Make Sure You are not waiting for the 'bottom' of the market. Remember, that is always hindside, by the time you look back, the bottom has already came and went. 

Call Sylvia now to discuss the market and the trend, get familiar with the buying process, and start hunting.  It's never too late to get ready.     

Give me a call at (415) 717-0293 or email me at sylvia@SylviaSellsMarin.com for inventories on the market, whether REO, Trust Sale, start home, luxury homes.. I will be very happy to find the best house / investment property for you! 

It will be my pleasure to serve you!  

• Buyer’s Market  < 25%
• Neutral                25% - 40%
• Seller’s Market   > 40%

The overall inventory dropped 10%, from 410 to 370, results of more pending sales and sellers taking properties off the market unless they 'have' to sell.  Less inventory will have a positive effect on housing prices as there are less supply. 

The highest increases in pending sales are the starter / investment homes - condo/townhomes and single family residences under $500K - mostly fixers, REOs (bank owned), short sales, all bargains from one or two years ago. 

Both categories, with more than 50% sales, are now a 'seller's' market - or shall we say a 'bank/REO sellers's market.  Some enjoy multiple offers, although not as much frenzy as when Marin was at the top of the market.

First time buyers, investors, people who relocated out of areas and want to move back, and the ones who could not afford before but would love to be in Marin are all taking this great opportunity of lower (and relatively affordable) home prices and lower interest rates to test the waters here in Marin.  

Higher end homes are staying stale - difficulty in getting financing, uncertainly about the market, excessive inventory from sellers who do not have to sell ('not motivated') can hold the sales down.

My office, Frank Howard Allen Realtors in Novato, is buzzing with sales activities we have not seen in a long times, walk-ins, calls, showings, offers, inspections; a lot of activities which is putting great, positive energy into the office; and hopefully bringing the energy to all our clients!

Best, and stay tuned!

Give me a call at (415) 717-0293 or email me at sylvia@SylviaSellsMarin.com for inventories on the market, whether REO, Trust Sale, start home, luxury homes.. I will be very happy to find the best house / investment property for you! 

It will be a pleasure to serve you!  

• Buyer’s Market  < 25%
• Neutral                25% - 40%
• Seller’s Market   > 40%

April 2, Thursday, hike a moderate/easy 1A hike in Muir Woods, via Fern Creek and Camp Alice Eastwood. Meet at 9:30 at Miller and Locust in Mill Valley (at the bus stop). Back by 1.30. Share carpool costs. Rain cancels. Sponsored by the Marin Group Sierra Club.

April 3, Friday, the Marin Bushwackers Hiking Club presents a two-hour, “exhilarating and educational, off-the-beaten-track hike for in-shape hikers.”?  Meet at Tennessee Valley Trailhead gate at 5:30 p.m.?  For more specific directions and information, call John at (415) 331-0100.

April 4, Saturday, Two-hour  hike on moderate trails with md-hike wine and cheese sevrved overlooking the pacific, followed by optional dinner and socializing at the Mt. Home Inn. Meet at 4:30 p.m. in the parking area across from the Inn on Panoramic Highway in Mill Valley. Cost is $15. Sunset Hike and Dine Club. To reserve a spot, call (415) 331-0100.

The Fairfield Osborn Preserve offers Saturday hikes through May 16 so visitors may observe the diverse fauna and flora of the popular nature preserve on Sonoma Mountain operated by Sonoma State University. Tours are appropriate for families, friends and individuals. Visitors should be able to hike two to four miles over uneven ground. Sturdy shoes, long pants, drinking water and a snack are highly recommended. General admission is $3. Visitors 12 and younger are admitted free.

Hikes are held every Saturday at 10 a.m. There will be no hike on April 18. The Fairfield Osborn Preserve is located at 6543 Lichau Road in Penngrove. For more information or directions, call (707) 795-5069 or e-mail fairfield.osborn@sonoma.edu or visit online, www. sonoma.edu/org/preserve.

On Thursday, April 9, hike nine miles from Mill Valley towards Sausalito. Discover this 1A easy Bay path from East Blythdale Avenue in Mill Valley along the Bayside towards the Bay Model, guided by a docent . Meet at 9:30 a.m. in front of the Maria Maria restaurant at 651 East Blythedale Ave. in Mill Valley. Return by 1:30 p.m. Rain cancels. E.mail-rgwatson@pacbell .net. or call (415) 461-9255.

Sunday, April 12. Angel Island picnic and hike. An easy 2A hike with 360-degree views of all the bay, and to see results of the Angel Island fire. Hike to the top of Mt. Livermore and then have lunch on the beach. Bring liquids and a potluck dish for 6 to share. Meet at 9:45 a.m. at the Angel Island Ferry dock in Tiburon. $13.50 fare. Back by 4 p.m. Rain cancels. E-mail rgwatson@pacbell.net. or call (415) 461-9255.

Thursday, April 16. China Camp. Explore the Shoreline Trails of China Camp in San Rafael. An easy 1A hike. Meet at 9:30 at the Civic Center Post Office on San Pedro Road in San Rafael. Back by 1:30 p.m. Share carpool costs. Rain cancels. E.mail-rgwatson@ pacbell.net.

Thursday, April 23: Ocean view trail. A moderate/long 1A hike from Rock Springs to the Top of Cataract Falls with a view of the ocean and Stinson Beach. Carpools from Miller and Locust at the Mill Valley bus stop at 9:30 a.m. Back by 2:30 p.m. Rain cancels. E.mail rgwatson@pacbell. net or call (415) 461-9255.

Sunday, April 26. Lakes and waterfalls hike to Bass Lake/Alamere falls. A 2A moderate hike from Palomarin trailhead. Bring towels if desired for an optional dip in Bass Lake. Meet at Fairfax Parkade at 9:30 a.m. Rain cancels. E.mail rgwatson@pacbell.net or call (415) 461-9255.

Thursday, April 30, hike the Dipsea Trail and Muir Woods. A moderate 1A/B hike on the Dipsea trail and through Muir Woods. Meet at Miller and Locust in Mill Valley (at bus stop) at 9:30 a.m. Return by 1:30 p.m. Share carpool costs. Rain cancels. E.mail rgwatson@ pacbell.net or call (415) 461-9255.

May 3. Sunday. Drakes Estero. A moderately paced and a most charming 2B tour to the ocean of the beautiful Drake’s Estero area on Point Reyes. Carpool at 9:30 a.m. from Fairfax Parkade (opposite Fairfax Theater). Back by 5 p.m. Bring lunch and liquids. Share carpool costs. Rain cancels.

May 7. Thursday. Blackie’s Pasture. A very easy 1A from Blackie’s Pasture. Hike from the parking lot at Blackie’s Pasture towards Tiburon and back, stopping at a yummy bakery with a fabulous San Francisco view. Meet at 9:30 a.m. at Blackie's Pasture on Tiburon Boulevard. Back by l p.m. Bring your taste buds.

Courtsey of Novato Advance

Stafford Lake, Novato, CA

The last time I did a blog post on Novato Real Estate Market Statistics was back in November, 2008 - almost seems like an eternity; so much has happened in the past four months.  I have to say, the fun and challenge is all in there.   

Novato Real Estate Market statistics stays pretty flat with a few big gain in percent pending - under $500K starter single family homes had a gain of 10% to a strong sellers market at 51% pending; the midrange, properties between $700K and $800k enjoyed an 8% increase in pending.  The total now reach 27%, moving towards the right direction. 

The Biggest gais are the over $1,25M market - I guess people with money can take advantage of the softening market and buy luxury homes when the prices are low; a couple I know bought with cash! One thing to keep in mind is that due to the very small volume of the homes avaialbe, a house or two sale makes a huge difference percentage wise. 

The ratio is held steady by dwindling inventory - overall inventory dropped by another 20%, from 370 to 305. This can be attributed to several reasons -

* The normal beginning of the year brings slower new inventories

*  The bail out plan gives many home owners hope and they decided to refinance or negotiate for a 'loan modification'  Whether they will get their loans modified is irrelevant for this moment.  The reality is it brings down the available homes market. 

* Sellers are holidng onto their properties for the right moment - either the prices go up or when they HAVE to sell.  This also limits the inventory.

This is a great time to buy, with bargains abound, whether it's in Novato, San Rafael or Southern Marin.  Bank owned homes or sellers with plenty of equity are pricing homes low to attract multiple offers. 

Make Sure You do not spend TOO MUCH time waiting for the right price and when you finally buy, you already missed the bottom of the market.

Just Remember, The Bottom of the Hill is all hindsight - You don't know it's here and when you discover it's the bottom, you have already missed it!

Give me a call at (415) 717-0293 or email me at sylvia@SylviaSellsMarin.com for inventories on the market, whether REO, Trust Sale, start home, luxury homes.. I will be very happy to find the best house / investment property for you! 

It will be a pleasure to serve you!  

• Buyer’s Market  < 25%
• Neutral                25% - 40%
• Seller’s Market   > 40%

Sylvia Barry, Realtor, ePRO
Marin Realtor for Marin Luxury Real Estate
Marin, San Francisco North Bay
Frank Howard Allen Realtors
website: www.SylviaSellsMarin.com
Blog: www.AllAboutMarinHomes.com

SERVING MARIN, SONOMA, S.F. BAY AREA - FOR ALL YOUR REAL ESTATE NEEDS Beveldere, Corte Madera, Greenbrae, Kentfield, Larkspur, Marinwood, Mill Valley, Novato, San Anselmo, San Rafael, Sausalito, Tiburon; Cotati, Penngrove, Petaluma, Rohnert Park, Santa Rosa.

FEDERAL TAX CREDIT FOR FIRST TIME HOME BUYERS

This post addresses the Federal Tax Credit for First Time Home Buyers.  Look for new post for California Tax Credit.  Note that the Federal and California tax credits are very different from each other, and the methods for claiming the credit are likewise very different.

The good news is that the first time home buyer credit allows qualifying home buyers who bought their homes between April 8, 2008 and December 1, 2009 to claim their first home buyer tax credit.  

1. FEDERAL TAX CREDIT (FIRST-TIME BUYERS ONLY)

Amount: $8,000 if home purchased in 2009, but no more than 10% of the purchase price of the home (half that amount if married filing separately). $7,500 if purchased before 2009.

Expires: December 1, 2009

Only First-Time Homebuyers Can Claim the Credit: In general, buyers can claim the credit if they are a first-time homebuyer. Buyers are considered a first-time homebuyer if:

• They purchased their main home after April 8, 2008, and before December 1, 2009.
• The buyer (and spouse, if married) did not own any other main home during the 3-year period ending on the date of purchase.

Main home. A main home is the one the buyer lives in most of the time. Not limited to new construction. It can be a house, houseboat, house-trailer, cooperative apartment, condominium, or other type of residence.

The Credit Cannot Be Claimed If:

• The buyer’s modified adjusted gross income is $95,000 or more ($170,000 or more if married filing jointly).
• The buyer is a nonresident alien.
• The home is located outside the United States.
• The buyer acquired their home by gift or inheritance.
• The buyer acquired their home from a related person.

No Repayment of Credit: There is no repayment of this credit if the home is purchased in 2009. However, the buyer must repay the credit if the home ceases to be their main home within the 36-month period beginning on the purchase date. (Note: For homes purchased before 2009, the tax credit is subject to repayment rules.)

Call Sylvia (415) 717-0293 or email Sylvia if you have questions or need help with property reassessment or any other real estate related assistances.

Property value in Marin County is not immune from the current housing crisis; homeowners who bought their homes during the past few years have seen their property value decline. 

Proposition 13 allows homeowners to keep their property tax to no more than 2% annual increase during the time when property values are going up until the property changes hand.  This works wonder for homeowners when property value is in upswing.

On the other hand, Proposition 8 protects homeowners when the property value drops below the current market value by allowing reassessment of their properties when the market value of their home is less than the assessed value of the home.  This results in a lower property tax which is in sync with the current lower market value.

Depending on the location and types of the homes, the price drop might result in current market value to be much lower than their homes' taxable (assessed) value.  Marin Homeowners whose property value is lower than the current market value should ask for a reassessment from Marin County Tax Assessors so they can lower their property tax bill.

To request a reassessment of your property value, you will need to provide Marin County Tax Assessor's office with the value of three current comparable properties that are sold around 01/2009 (no later than 03/2009). 

Fill out the 'Request for Informal Review of January 1, 2009 Reassessment' and follow the very simple direction.  Your request has to be in before 12/31/09. 

If you need help with comparable values of homes, please feel free to contact Sylvia (415) 717-0293 and I will be very happy to help.

venue:San Marin Musical Theater Performing Arts Center address:15 San Marin Drive, Novato, CA 94945  Novato, CA 94945  View map

New Summer Stock Brings Sweeney Todd to the North Bay 

 Sweeney Todd is coming to Novato this summer!  Marin Summer Theater (MST), an evening program for students of performing arts, will present Stephen Sondheim's masterpiece as part of its three-show season in July and August, along with The Beaux' Stratagem, a Restoration comedy, and Bernstein on Broadway, a music and dance review.  The program will run June 15-Aug. 2.

 MST is open to students throughout the North Bay: those entering eighth grade, high school students, and college undergraduates under age 23.  Students from all over Marin and Sonoma counties are encouraged to participate.  Auditions for actors, musicians, and dancers will be held by appointment Mar. 21 at San Marin High School in Novato, pre-registration is required.  (Those who are unable to attend auditions in person may submit a DVD recording.)  Technicians and designers also may submit applications; they will be interviewed by phone.  Acceptance is subject to audition and payment of tuition.  Fee for the entire season is $275 for participation in one, two, or three shows. 

According to artistic director Patrick Nims, several factors make MST unique.  "First and foremost, MST is a challenging program for young performers and theater technicians interested in developing their talents through the production of great theater.  Working on as many as three different productions in a seven-week period is intense.  Second, the inclusion of kids from different schools and educational levels raises the quality of performance and expands participants' horizons.  Third, since we are sponsored by non-profit San Marin High School Music Boosters we can focus on serving our students at the lowest possible cost, keeping tuition low because of our volunteer network and the assistance we receive from San Marin High School and the Novato Unified School District."

To help interested applicants prepare for auditions MST is offering a free workshop on Saturday, Mar. 14 (1-3 pm) at San Marin High School.  Students will learn more about the scheduled shows and the audition process, with attention to each person's performance material.  Nims says, "There is no requirement that prospective participants attend the workshop, but it's a good opportunity to meet the staff and prepare a great audition."

Details about the program, audition scheduling, and application forms can be found on the MST web site at www.marinsummertheater.org. 

###

 For more information about Marin Summer Theater, please call Patrick Nims at (707) 781-6302 or email Pat at pnims@marinsummertheater.org

_______________________________________________

Sylvia Barry, Realtor, ePRO
Marin Realtor for Marin Real Estate
Marin, San Francisco North Bay
Frankk Howard Allen Realtors
website: www.SylviaSellsMarin.com
Blog: www.AllAboutMarinHomes.com

 MARIN, SONOMA, S.F. BAY AREA REAL ESTATE - Beveldere, Corte Madera, Greenbrae, Kentfield, Larkspur, Marinwood, Mill Valley, Novato, San Anselmo, San Rafael, Sausalito, Tiburon; Cotati, Penngrove, Petaluma, Rohnert Park, Santa Rosa. Starter Home to Luxury Property. REO (Bank Owned), Short Sale, View Homes, Architecural Distictive Homes. Investment, 1031 Exchange. Chinese Realtor.

Make Dreams Real - Rotary Club of Novato Sunrise Youth Services

Due to strong demand from my past and current clients and the interest from the prospective clients, I am providing you with list of current Bank Owned (REO - Real Estate Owned, and Foreclosed) homes.  The list will be updated freqeuently depending on relevant activities.  

(Word of Advise from your Realtor -  In addition to REO (Bank Owned) properties, there are GREAT Deals out there if you look hard enough.  I will be able to help you to find the best deal and best house in Marin and Sonoma county for you, Bank Owned or Not!) 

The towns included in this list are Marin County towns South Marin, Central Marin, North Marin and West Marin.  Specifically: Belvedere, Bolinas, Corte Madera, Dillon Beach, Fairfax, Greenbrae, Kentfield, Lagunitas, Larkspur, Mill Valley, Muir Beach, Nicasio, Novato, Marin County, Olema, Point Reyes Station, Ross, San Anselmo, San Geronimo, San Rafael, Sausalito, Stinson Beach, Tiburon, Tomales

Marin County Bank Owned Single Family Homes   Marin County Bank Owned Single Family Homes

Updates since 02/08/09 -  4 SOLD - A couple all cash sales, a couple over asking prices.

38 Total Listings - 30 Active, 4 Pending, 4 Sold

• New -  1611 Center Road, Novato, 
• Pending - 24 Elmwood Court, Novato
• Pending - 1212 Lynwood Drive, Novato
• Pending - 52 Austin Avenue, San Anselmo
• Pending - 26 Stasia, Novato
• Sold - 1 Plaza Loma, 3/2, 1092 sf $410,000
• Sold - 8 Wilson Hill Court, Novato, 3/2.5, 2388sf, $530,000
• Sold - 25 Durham Road, San Anselmo, 4/2, 1533sf $573,500
• Sold - 931 Butterfield San Anselmo, 3/2, 2115sf $875,000

_________________________________________________

Sylvia Barry, Realtor, ePRO
Marin Realtor for Marin Real Estate
Marin, San Francisco North Bay
Frankk Howard Allen Realtors
website: www.SylviaSellsMarin.com
Blog: www.AllAboutMarinHomes.com

 MARIN, SONOMA, S.F. BAY AREA REAL ESTATE - Beveldere, Corte Madera, Greenbrae, Kentfield, Larkspur, Marinwood, Mill Valley, Novato, San Anselmo, San Rafael, Sausalito, Tiburon; Cotati, Penngrove, Petaluma, Rohnert Park, Santa Rosa. Starter Home to Luxury Property. REO (Bank Owned), Short Sale, View Homes, Architecural Distictive Homes. Investment, 1031 Exchange. Chinese Realtor.

Make Dreams Real - Rotary Club of Novato Sunrise Youth Services

Due to strong demand from my past and current clients and the interest from the prospective clients, I am providing you with list of current Bank Owned (REO - Real Estate Owned, and Foreclosed) homes.  The list will be updated freqeuently depending on relevant activities.  

(Word of Advise from your Realtor -  In addition to REO (Bank Owned) properties, there are GREAT Deals out there if you look hard enough.  I will be able to help you to find the best deal and best house in Marin and Sonoma county for you, Bank Owned or Not!) 

The towns included in this list are Marin County towns South Marin, Central Marin, North Marin and West Marin.  Specifically: Belvedere, Bolinas, Corte Madera, Dillon Beach, Fairfax, Greenbrae, Kentfield, Lagunitas, Larkspur, Mill Valley, Muir Beach, Nicasio, Novato, Marin County, Olema, Point Reyes Station, Ross, San Anselmo, San Geronimo, San Rafael, Sausalito, Stinson Beach, Tiburon, Tomales

Marin County Bank Owned Townhomes / Condos Marin County Bank Owned Townhomes / Condos

Updates since 02/08/09 -  28 Total Listings - 22 Active, 4 Pending, 2 Sold

• New - 7 Oak Crest Court, Novato - 3/2, 1460 sf - Western Oaks, Best Deal!
• New - 2 Park Crest Court #C, Novato - 3/2.5 1460 sf. - Western Oaks, closer to Redwood Blvd
• New - 47 Sequoia Glen, Novato - 3/2.5, 1529sf.  South side of Redwood Blvd.
• New 35 Fairfax St #27 - San Rafael - Bahia, 2/1, 864 sf, Grerat Investment
• New 241 Playa Del Rey, San Rafael - Bahia, 3/1.4, 1116 sf
• Pending - 110 Oliva Court, C, Novato
• Pending - 17 Oliva Drive, E, Novato
• Pending - 12 Oliva Drive, D, Novato
• Pending - 1289 Maple Court, C, Noavto
• Sold - 50 Sonoma St #7, San Rafael $100,000
• Sold - 25 Andrew Drive, Tiburon, $151,000 (Unbelievable low price for Tiburon, but NOTE - This property's current tenant has a recorded legal 75 year lease at $1,285/month rent controlled.  There is 48 years remaining on lease.

__________________________________________________

Sylvia Barry, Realtor, ePRO
Marin Realtor for Marin Real Estate
Marin, San Francisco North Bay
Frankk Howard Allen Realtors
website: www.SylviaSellsMarin.com
Blog: www.AllAboutMarinHomes.com

 MARIN, SONOMA, S.F. BAY AREA REAL ESTATE - Beveldere, Corte Madera, Greenbrae, Kentfield, Larkspur, Marinwood, Mill Valley, Novato, San Anselmo, San Rafael, Sausalito, Tiburon; Cotati, Penngrove, Petaluma, Rohnert Park, Santa Rosa. Starter Home to Luxury Property. REO (Bank Owned), Short Sale, View Homes, Architecural Distictive Homes. Investment, 1031 Exchange. Chinese Realtor.

Make Dreams Real - Rotary Club of Novato Sunrise Youth Services

Fannie Mae announced a suspension of all foreclosure sales and evictions of occupied properties through March 6 in anticipation of the Administration's national foreclosure prevention and loan modification program.

See Fannie Mae News Release and How to Find the Best Deals Now At the End of Article!

While Dow Jones Newswires reported that JPMorgan Chase, Citygroup, Bank of America and Wells Fargo have committed to temporary moratoriums (suspends) on foreclosures as the government works on a financial stability plan aimed at keeping people in their homes. 

The following are briefly what was announced by each lender -

JP Morgan Chase - New Owner-Occupied residential loans that are owned and serviced by JPMorgan Chase.  As with Fannie Mae, the moratoriums will remain in effect through March 6th.

Citigroup - All Citi-owned first mortgage loans that are principal residence and on loans for which understandings with investors have been reached.  Moratorium end date - March 12th.

Bank of America (also Countrywide) - Delay foreclosures sales on owner occupied properties whose mortgage loans are owned and serviced by BofA or Countrywide  - Through March 6th.

WellsFargo (also Wachovia) - For Loans it holds.  The moratorium is expected to remain in place until the government's foreclosure prevention plan is announced.  The majority of WellsFargos mortgage loans are serviced by it and owned by other investors.  WellsFargo is working with their investors .. to determine how to support the moratorium request.

Most of the lenders plan to evaluate and extend their specific moratorium dates depending the progress made by government.

See complete articles below:

Fannie Mae Suspends Foreclosure Sales Pending Administration Announcements

From CNN of Dow Jones Newswires - Bank Agree to Foreclosure Moratoriums

Hopefully the suspension of foreclosures and the government bail out plan (I will be posting blogs about the government bail out plan that affects home ownership soon) will allow at-risk home owners to keep their homes and stabilize the housing industry and general economy!    

How To Find the Best Deals Now?

Where should the buyers look when there is no or few REO (Bank Owned) properties on the market (which is already relatively low in Marin County)? 

Look at Well Priced Homes (many sellers have dropped price considerably due to the softening market www.2197Vineyard.com), Short Sales (www.32Stasia.com yes, short sales require hard work, lots of patience but very rewarding).

The best way is to get an agent who is diligent and Knowledgable in looking for homes, not only Foreclosures, but Short Sales, Trustee Sales, Competitively Priced Homes; one who works hard, strong in negotiation, have YOUR BEST INTEREST in mind, not anxious to get you to sign on unless it's right for you; one that is YOUR ADVOCATE, to help you find that perfect home - 

The Americacn Dream:

Perhaps one day when the economy is stronger, we can take a collective sign of relief and cheer for the stable economy, strong housing market and solid job market where all can have a stable job, good income and own their home and Fulfill their American Dream Once Again! 

 _____________________________________________________

Sylvia Barry, Realtor, ePRO
Marin Realtor for Marin Luxury Real Estate 
Marin, San Francisco North Bay
Frank Howard Allen Realtors 
website: www.SylviaSellsMarin.com
Blog: www.AllAboutMarinHomes.com

MARIN, SONOMA, S.F. BAY AREA REAL ESTATE - Beveldere, Corte Madera, Greenbrae, Kentfield, Larkspur, Marinwood, Mill Valley, Novato, San Anselmo, San Rafael, Sausalito, Tiburon; Cotati, Penngrove, Petaluma, Rohnert Park, Santa Rosa.   Starter Home to Luxury Property.  REO (Bank Owned), Short Sale, View Homes, Architectural Distinctive Homes. Investment, 1031 Exchange.