jimmy marin quarter 4 report 2010

A Member Of Real Living

PacUnion.com

Pacific Union International Real Estate Report

Q4. 2010

Pacific Union International Luxury Real Estate Report

The three most dynamic economic drivers of residential real estate in Marin County are jobs, interest rates and the equity markets. Marin County’s employment rate of 91.4% continues to outperform the San Francisco Bay Area, state of California and USA averages. As a result, we remain confident that as our clients feel more secure about their businesses, incomes and investments, our real estate markets will continue to respond in a favorable way. For at least the first half of 2011, we also expect to benefit from historic low interest rates and the current momentum of the equity markets.

One element that seems to have frustrated the growth of our local markets in 2010 was the equity markets. This volatility created some pockets of buyer hesitation throughout the year. Our real estate markets had a healthy spring and early summer and a slower than expected late summer and early fall season. These trends have trailed the volatility in the equity markets, and we are now experiencing the related benefits of an appreciating market. Activity in late fall picked up distinctively in all price points.

The Dow Jones Industrial Average experienced four separate drops of over 600 points each in 2010 before finishing the year with momentum at nearly 1,000 points above the beginning of the year stats. We look at this momentum into 2011 as positive and expect employment to respond accordingly in Marin and the San Francisco Bay Area.

Translating the above volatility in Marin residential real estate, we find the 2010 results to represent an encouraging sign that our volume ($ of closings) and units (# of closing) have formed a stable “bottom”. Volume and units over $1 million are up a healthy 20% - 26% while average and median prices are relatively flat. For the first time in three years nearly all of our meaningful real estate trends are well off the lows of 2009 which were, on average, 35% below 2008.

In 2011, we will look for further increases in volume/units sold and modest appreciation over 2010. This positive market activity will likely be driven by two strong phenomena. First, a return of move up buyers looking to combine the price stability on the sale of their existing home with historic low interest rates to assist in the purchase of a new home. Second, the stability of the equity markets will have a positive impact on high net worth individuals and in turn, will drive further activity in the “high-end” (over $3 million) of the market. Both of these occurances will have positive impacts on our market.

Our 2011 outlook is positive. We anticipate an increase in inventory through the first quarter and the buyers already seem to be active and looking for the right opportunity. Please feel free to call me to discuss your specific real estate or mortgage needs.

Sincerely,

Jimmy WanningerJimmy WanningerLuxury Property Specialist

Pacific Union International Luxury Real Estate Report Q4. 2010

MARIN COUNTYA Member Of Real Living

Jimmy Wanninger415.990.8990

DRE#01352287www.JimmyMarin.com

Q4. 2010



Marin County Home ComparisonA Member Of Real Living

Marin County $3 Million & Higher - SFH

Source: BAREIS, December 31, 2010

2009

$214,291,988

50

122

$3,737,500

$4,285,840

$9,800,000

2010

$269,944,655

61

131

$3,650,000

$4,425,322

$14,000,000

'09 - '10% CHANGE

26%

22%

7%

-2%

3%

43%

TIME PERIOD

VOLUME

HOMES SOLD

AVG. DAYS ON MKT

MEDIAN PRICE

AVERAGE PRICE

MAX PRICE SOLD

Marin County $1 - $3 Million - SFH


2009

$673,438,928

435

96

$1,395,000

$1,548,135

$3,000,000

2010

$814,336,796

523

97

$1,390,000

$1,557,049

$3,000,000

'09 - '10% CHANGE

21%

20%

1%

0%

1%

0%

TIME PERIOD

VOLUME

HOMES SOLD

AVG. DAYS ON MKT

MEDIAN PRICE

AVERAGE PRICE

MAX PRICE SOLD


Marin County Home Price & MKT. Stats

Marin County Median & Average Home PriceQ1 2007 - Q4 2010


$1,300,000

$1,200,000

$1,100,000

$1,000,000

$900,000

$800,000

$700,000

$600,000

$500,000

$400,000Q107 Q207 Q307 Q407 Q108 Q208 Q308 Q408 Q109 Q209 Q309 Q409 Q110 Q210

█ Average Price █ Median Price

$1,258,032

$950,000

$760,088

$1,030,255

$768,000

$600,000

Q310 Q410


60%

40%

20%

0%

-20%

-40%

█ $1M and Under █ $1 Million and Higher

Volume ($) Units Sold Days On Market Average Price Median Price

Marin County Market StatisticsQ4 2009 vs Q4 2010

-18% -17%

-8%

3%

15%

-2%-2%

8%3%

-6%

Pe

rce

nta

ge

Ch

an

ge

Q4. 2010



San Francisco Median PriceA Member Of Real Living


San Francisco Homes Sold Comparison

Under $1 Million

$258,600,170

401

59

$650,000

$644,888

$1-3 Million

$235,123,200

152

64

$1,450,000

$1,546,863

$3 Million+

$86,075,000

20

47

$4,175,000

$4,303,750

'09 - '10% CHANG

-18%

-16%

9%

-4%

-3%

'09 - '10% CHANGE

-2%

-4%

-4%

12%

3%

'09 - '10% CHANGE

6%

54%

-51%

-13%

-31%

OCT - DEC 2010

VOLUME

UNITS SOLD

AVERAGE DOM

MEDIAN PRICE

AVERAGE PRICE

Under $1 Million

$223,072,245

365

82

$610,000

$611,157

$1-2 Million

$102,317,766

78

86

$1,269,600

$1,311,766

$2 Million+

$33,115,000

12

85

$2,575,000

$2,759,583

'09 - '10% CHANG

-24%

-23%

4%

-3%

-2%

'09 - '10% CHANGE

4%

4%

10%

3%

-34%

'09 - '10% CHANGE

-8%

-8%

-35%

10%

0%

OCT - DEC 2010

VOLUME

UNITS SOLD

AVERAGE DOM

MEDIAN PRICE

AVERAGE PRICE

Single Family Homes Q4 2010 Sold Comparison

Condominiums Q4 2010 Sold Comparison

Tenancies In Common Q4 2010 Sold Comparison

■TENANCIES IN COMMON

■CONDOMINIUMS

■SINGLE FAMILY HOMES

■TENANCIES IN COMMON

■CONDOMINIUMS

■SINGLE FAMILY HOMES

Fourth Quarter Median Price ByProperty Type And Neighborhood

‘09

‘09

‘10

‘10

Source: SFAR MLS, December 31, 2010


$500K and under

$10,719,419

25

126

$430,000

$428,777

$500K and higher

$24,888,700

37

121

$630,000

$672,668

'09 - '10% CHANG

-57%

-59%

20%

0%

5%

'09 - '10% CHANGE

-56%

-52%

33%

-5%

-8.6%

OCT - DEC 2010

VOLUME

UNITS SOLD

AVERAGE DOM

MEDIAN PRICE

AVERAGE PRICE


8

SOMA/MISSION/POTRERO

NOE/CASTRO/HAIGHT

NOB/RUSSIAN/TELEGRAPH HILL

ST. FRANCIS WOOD/MIRALOMA/FOREST HILL

LAKE MERCED/INGLESIDE

RICHMOND/SEACLIFF

SUNSET/PARKSIDE

PAC HEIGHTS/MARINA

LOWER PAC HEIGHTS/HAYES/NOPA

BAYVIEW/EXCELSIOR

San Francisco Units Sold by Property Typeand Neighborhood Q4 2010

143

63

13

117

23

67

88 10068

130

0

0

5

89

2656

9 35

741

84

1758

687

3



ST. FRANCIS WOOD/MIRALOMA/FOREST HILL

SUNSETPARKSIDE

SOMA/MISSION/POTRERO

LAKE MERCED/INGLESIDE

BAYVIEWEXCELSIOR

NOB/RUSSIAN/TELEGRAPH HILL

LOWER PACHEIGHTS/

HAYES/NOPA

NOE/CASTRO/HAIGHT

RICHMOND/SEACLIFF

PAC HEIGHTS/MARINA

‘09

‘09

‘09

‘09 ‘09

‘09 ‘09‘09‘10

‘10‘10

‘10 ‘10

‘10‘10

‘10

$1.065M

$903K

$2.7M

$603K

$1M

$3.2M

$573K$585K

$590K $610K$510K

$530K$600K $507K

$431K $500K $300K $495K

$683K$710K $650K $600K $808K

$775K$683K $735K

$635K $605K $700K $560K $475K $622K$330K $315K $404K $310K

$1.63M $1.2M $1.04M $1.1M $1.11M $1.38M $1.02M $1M

$800K $799K $760K $686K $882K $845K $550K $501K $500K $500K


Contra Costa Home ComparisonA Member Of Real Living


Contra Costa Home ComparisonA Member Of Real Living

2006 2007 2008 2009 2010

3,663

-13.8% -2.9% +12.1% +4.6%

4,251

3,557

3,9894,174

Closed Sales

2006 2007 2008 2009 2010

41

+72.9% +58.2% +1.2% -17.3%

24

65 65

54

Days On Market Until Sale

2006 2007 2008 2009 2010

96.0%

-2.3% -3.0% +1.3% +1.3

98.2%93.1% 94.3% 95.6%

Percent Of Original List Price Received at Sale

2006 2007 2008 2009 2010

+2.5% -21.0% -12.1% -9.5%

$835,000$814,500

$580,000

$659,475$635,000

Median Sales Price

Annual Review Of Single-Family Detached

Closed Sales Days On Market Until Sale

Percent Of Original List Price Received at SaleMedian Sales Price

Annual Review Of Townhouse-Condo

2006 2007 2008 2009 2010

1,678

-17.2% -5.4% +21.9% +3.6%

2,026

1,588

1,9352,004

2006 2007 2008 2009 2010

53

+77.1% +49.6% -10.5% -18.7%

30

79

70

57

2006 2007 2008 2009 2010

-4.4% -25.6% -21.3% -1.2%

$430,000$450,000

$252,000

$320,000

$249,000

2006 2007 2008 2009 2010

95.2%

-2.9% -4.8% +2.8% +1.2

98.0%90.7% 93.2% 94.4%

All data from the CCAR Mutiple Listing Service. Reports are created and maintained by 10K Research and MarketingAll data from the CCAR Mutiple Listing Service. Reports are created and maintained by 10K Research and Marketing

Pacific Union International Real Estate Report Q4. 2010

Napa County Home ComparisonA Member Of Real Living

Pacific Union International Real Estate Report Q4. 2010

Napa County Home ComparisonA Member Of Real Living

YTD Napa City Stats 2009 vs 2010# SALES

2009

735

356

30

50

15

2

6

# SALES2010

746

306

44

58

15

1

11

% CHANGE# SALES

1%

-14%

47%

16%

0%

0%

83%

AVG PRICE2009

$463,818

$313,162

$715,525

$1,020,871

$846,307

$860,000

$525,200

AVG PRICE2010

$455,437

$319,213

$887,789

$1,148,215

$773,333

$1,390,000

$606,591

% CHANGEAVG PRICE

-1.8%

1.9%

24%

12%

-9%

N/A

15%

AVG DOM2009

107

75

129

124

132

126

143

AVG DOM2010

111

80

212

134

202

109

147

% CHANGEAVG DOM

4%

7%

64%

8%

53%

N/A

3%

CITY

NAPA

CALISTOGA

ST. HELENA

YOUNTVILLE

RUTHERFORD

ANGWIN

AMERICANCANYON

Napa County $1 Million & Higher - SFH


2009

$109,489,757

63

145

$1,450,000

$1,737,933

$4,200,000

2010

$138,193,000

71

212

$1,475,000

$1,946,380

$7,000,000

'09 - '10% CHANGE

26%

13%

46%

2%

12%

67%

TIME PERIOD

VOLUME

HOMES SOLD

AVG. DAYS ON MKT

MEDIAN PRICE

AVERAGE PRICE

MAX PRICE SOLD

Napa County $500K - $1 Million - SFH


2009

$157,863,141

235

129

$635,000

$671,758

$1,000,000

2010

$149,868,053

224

149

$633,750

$669,054

$1,000,000

'09 - '10% CHANGE

-5%

-5%

16%

0%

0%

0%

TIME PERIOD

VOLUME

HOMES SOLD

AVG. DAYS ON MKT

MEDIAN PRICE

AVERAGE PRICE

MAX PRICE SOLD

Napa County $500K & Under - SFH


2009

$285,913,350

927

90

$321,000

$308,429

$500,000

2010

$282,177,123

912

94

$310,000

$309,405

$500,000

'09 - '10% CHANGE

-1%

-2%

4%

-3%

0%

0%

TIME PERIOD

VOLUME

HOMES SOLD

AVG. DAYS ON MKT

MEDIAN PRICE

AVERAGE PRICE

MAX PRICE SOLD



Sonoma Valley Home ComparisonA Member Of Real Living


Sonoma Valley Home ComparisonA Member Of Real Living

Napa & Sonoma Counties $1 Million & HigherSingle Family Homes


2009

$356,962,414

211

146

$1,351,089

$1,691,765

$6,476,025

2010

$389,677,610

222

178

$1,400,000

$1,755,305

$7,662,250

'09 - '10% CHANGE

9%

5%

22%

4%

4%

18%

TIME PERIOD

VOLUME

HOMES SOLD

AVG. DAYS ON MKT

MEDIAN PRICE

AVERAGE PRICE

MAX PRICE SOLD

Sonoma City Stats 2009 vs 2010Single Family HomesSonoma Valley* $1 Million & Higher

Single Family Homes

*Sonoma, Glen Ellen & Kenwood


2009

$93,137,525

50

128

$1,637,500

$1,862,751

$6,476,025

2010

$91,700,510

45

175

$1,775,000

$2,037,789

$7,662,250

'09 - '10% CHANGE

-2%

-10%

37%

8%

9.4%

18%

TIME PERIOD

VOLUME

HOMES SOLD

AVG. DAYS ON MKT

MEDIAN PRICE

AVERAGE PRICE

MAX PRICE SOLD

Sonoma Valley* $1 Million & UnderSingle Family Homes

*Sonoma, Glen Ellen & Kenwood


2009

$133,010,901

316

114

$373,750

$420,921

2010

$161,958,805

350

110

$419,500

$462,739

'09 - '10% CHANGE

22%

11%

-4%

12%

10%

TIME PERIOD

VOLUME

HOMES SOLD

AVG. DAYS ON MKT

MEDIAN PRICE

AVERAGE PRICE

# SALES2009

326

23

16

555

273

2,218

143

337

192

# SALES2010

350

26

16

558

243

1,840

142

317

206

% CHANGE# SALES

7%

13%

0%

1%

-11%

-17%

-1%

-6%

7%

AVG PRICE2009

$586,396

$804,261

$967,824

$434,014

$321,038

$364,841

$766,601

$375,646

$598,868

AVG PRICE2010

$634,334

$620,936

$872,863

$444,829

$319,866

$382,161

$792,631

$375,203

$587,504

% CHANGEAVG PRICE

8%

-23%

-9.8%

2%

0%

5%

3%

0%

-2%

AVG DOM2009

113

118

160

97

82

96

151

104

106

AVG DOM2010

115

132

140

92

77

99

135

196

103

% CHANGEAVG DOM

2%

12%

-13%

-5%

-6%

3%

-11%

88%

-3%

CITY

SONOMA

GLEN ELLEN

KENWOOD

PETALUMA

ROHNERT PARK

SANTA ROSA

HEALDSBURG

WINDSOR

SEBASTOPOL


ACTIVE | 40 SUNRISE, LARKSPUR | LIST PRICE $2,199,000

ACTIVE | 375 REDWOOD, CORTE MADERA | LIST PRICE $1,570,000

ACTIVE | 116 WINDWALKER WAY, NOVATO | LIST PRICE $979,000 A Member Of Real Living

JIMMY WANNINGER415.990.8990 24/7WWW.JIMMYMARIN.COMAs one of Marin County’s long standing top producers, ranked #8 in 2010 and ranked #10 since 2008, Jimmy is known for:

• 24/7 Communication

• A skilled interpretation of market stats

• Straight talk about your position and your property

• Developing creative strategies to close complex negotiations

• His seasoned team of “best in class” professionals

Whether buying or selling – you’ll find success in workingwith JimmyMarin.

Megan PomponioLuxury Property Buyer’s Agent

415.827.9229

CONNECT WITH JIMMY 24/7 | WWW.JIMMYMARIN.COM | CHECK OUT THE TAM CAM

jimmy marin quarter 4 report 2010

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