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Sylvia Barry, Marin Realtor, MAS, ePRO

MARIN COUNTY BANK OWNED / REO / FORECLOSED HOMES Now On This Site

Due to strong demand from my past and current clients and the interest from the prospective clients who might not have been able to purchase a home during the past sellers market, I will be providing you with list of current Bank Owned (REO - Real Estate Owned, and Foreclosed) homes. The list will be updated freqeuently on www.SylviaSellsMarin.com depending on relevant activities.

(Word of Advise from your Realtor - One thing I would like to stress is not to get hung up on 'Bank Owned' - They may or may not be the best deal in town. There are GREAT Deals out there from motivated sellers who understand the market and who need/want to sell. I will be able to help you to find the best deal and best house 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 (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

I will include Single Family Homes, Farms and Ranches in one link; and Condos/Townhomes in another link:

* Marin County Bank Owned Single Family Homes

* Marin County Bank Owned Condos / Towhomes

contact a real estate agent

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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

"Yes, We Can" - Changes are Coming - "Make it Right (ECO Green) for All!"

  1. NEW ORLEANS, LA
  2. It is now 3 and 1/2 years since Katrina's 2nd landfall on August 29th, 2005 in Southeast Louisiana. With the unprecedented economic downturn and the excitement of a new President and the New HOPE promised by President Obama, Katrina seems to be a distant past, a fading memory, something to be put on the back burner and forgotten.

Why should it still matter? - New Orleans had come back to life, Mardi Gras celebration goes on ... But how can we forget the devastation and extreme destruction since Katrina slammed into New Orleans and the continued struggle 9th Ward people have while hoping to rebuild their homes and start a new life?

By August 31, 2005, eight percent of New Orleans was flooded; with some parts under 15 feet of water, thousands of buildings destroyed and the official death toll, according to the Louisiana Department of Health, was 1,464.

Seeing the great loss, actor Brad Pitt formed the "Make It Right"foundation a year ago and presented lot owners in Lower 9th Ward with designs by 13 architects; basically allowing the homeowners to pick a design for their homes to be rebuilt by the foundation.

December 11, 2008, the "Make It Right" Foundation celebrates the completion of first six homes. These are not only a fresh start for homeowners but also become blueprints for LEED Platinum Certified, affordable, storm-resistant, and Green/ECO sustainable housing designs.

The homes are built with sustainable wood cabinetry, non-toxic paints, and Energy Star appliances; as well as Green features that take these houses to the next level include insulation that makes them five times more air-tight than typical homes, photovoltaic systems, and groundwater heat pumps for both heating and cooling. Looking ahead, separate plumbing lines were installed so owners can utilize their rain harvest systems if a current shttp://www.usgbc.org/displaypage.aspx?CMsPageID=222tate law banning rainwater for toilet use is repealed.

Heavily subsidized by Pitt's foundation, the per-house budget of $150,000 is possible because of donated materials and services, including the architects' designs. The costs are expected to drop as more houses are built. The goal is to build 150 homes; Pitt's foundation has raised money for 87 of them.

An additional $9,450,000 is needed to complete the remaining 63 homes at $150,000 each. A speckle of dust comparing this to national debt; but a healthy chunk of money when money is scarce (unless you are Treasury with a printing press, of course)

MARIN COUNTY, CA

Back to my hometown, the Marin County - As Marin county residents (or California, in that respect), by the Very Nature of choosing to be part of Marin County, we are proud of being ECO, being GREEN, being environmental friendly and being Sustainable. We want to be in the forefront of going Green and being Green! (see logo from San Marin High School for their Green Week event)

Marin has seen a few successful Green Projects. Boasting Cleanest Air in the Country, Novato (San Rafael 2nd, and Salinas placed 15th in Clean Air category) in Marin County, CA has three of the following four Green Projects (there are many more) -

1) Dominican Convent in San Rafael received a Gold Certificate from the U.S. Building Council for the sustainable building (convent). The 6,200-square-foot, two-story shingle-and-stucco convent, built with strong lines and a vibrant brick-red exterior, takes full advantage of the latest pro-environment technology. It has rooftop photovoltaic panels, solar-powered attic fans and toxic-free insulation of reclaimed materials, . With programmable gas heaters in each room, the interior remains at a uniformly comfortable temperature, even with a floor made entirely from a mix of concrete and recycled fly ash. Traffic flows were studied, Recycled furnishings were used, History was preserved.

Dominican convent is the only environmentally certified convent in the world, right here in Marin.

2) Virginia Grove In Novato, Marin is the First None Public Funded Affordable Green Homes in Marin county and the Winner of the 2007 Award of Excellence for Smart Growth & Workforce Housing,138 points on the Build-It-Green scale, the highest ever in Novato. This project combines attractive architecture, Green Development Practices and lower income affordable housing in a single-family environment. Heralded by ABAG as "a model for regional planning", the project includes bioswales, Grass-pave, ground-water recharge, a major tree-transplanting program, passive solar heating and cooling, pre-wiring for solar photovoltaic panels, sustainable, recycled and reclaimed materials on an infill property.

3) Olive Ridge, again in Novato, CA, on the other hand, is a Luxury Green Home development consists of 19 homes on large lots surrounded by 20 acres of open spaces.

The homes meet the new Residential Green Building Ordinances for all single family homes and major remodels by City of Novato. The ordinances addresses Green Issues such as using Natural Resources, conserve Water And Energy and improve Indoor Quality; use energy-efficient materials and techniques such as photovoltaic, solar panels.

3). Commons at Mt. Burdell- A redevelopment of the current Fireman's Fund Insurance Company's property in North Novato (the north most part of Marin County) brings the first LEED Platinum certified project to Marin County. Numerous neighborhood meetings and city planning meetings were held for neighbor and city input on the project.

The project considers and implements plans for renewable energy, conserve and recycle water, noise reduction, indoor air quality, reuse, recycle, education, public transportation, and plans to achieve carbon-neutrality within 10 years. A museum will also be built for educational purposes.

Those are examples of the existing and in planning Green Buildings in Marin County.

FROM NEW ORLEANS TO MARIN

Looking at the designs for the 9th Ward and considering the challenges some of the Marin county residents have, the "Make It Right" foundation's design can benefit many of Marin Residents, especially for the ones who live in one of the 10 flood Zones in Marin County (o.k. don't know what happened to Zone 2).

The flooding happens every few years and can be devastating to local residents and businesses (see picture on the right for Novato Flood in the '80s).

Not only it is disruptive to lives and businesses, being in the flood zone also requires flood insurance for homeowners and has an adverse effect on the desirability of the homes and housing prices in the area.

Some of the features for the "Make It Right" homes will probably even benefit earthquake prone California - the stilts have to be able to withheld the surge of flood water, which shall be able to absorb some of the effects from an earthquake.

As we have learned from various sources, designing Green Buildings and acquire Green Material add a premium to the building of those homes, especially the LEED Certification, which can prove to be cost prohibitive to embark on related projects.

THE SPIRIT OF SHARING

The idea of sharing the 'Make It Right' plan provides "a sense of working together to change the world". Being able to share the plan from 9th ward, one of the most economically challenged areas in the country with other areas in the U.S. provides both a symbolic and real meaning of working together and sharing; something to be encouraged and proud of!

And remember, some of the most important features of Green/Sustainable are to RECYCLE, REUSE and to CONSERVE, same thing goes to building plans.

Although some of the designs are hard to picture in Marin, but a few will fit right in (see the one on the left)!

Now comes the difficult part -

How Do We Fund all These - not talking about Marin projects, but the remaining Lower 9th Ward homes?

Well, last I checked... there are currently 1,197,529 Realtors registered with National Association of Realtors,

As Realtors, we care about our neighbors, our fellow citizens and our country. in short, WE CARE!

The participation by All Realtors at a time of housing crisis to help complete the Lower 9th Ward project will definitely go a long way to show the nation that Realtors DO Care, which is something Money Can NOt Buy!

With each Realtor donating $8.00; we can raise more than enough for the 63 remaining homes. The remainders can be used to improve the Lower 9th Ward!

What better time to help with the Optimism of "HOPE" and "Change Is Coming" slogans and what a great time to cultivate Goodwill among All.

To jump Start, Yes, Mr. Brad Pitt might just want to be the Goodwill Ambassador for NAR as his presence will certainly rally the participation and help all to accomplish this noble goal!

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.

Make Dreams Real - Rotary Club of Novato Sunrise Youth Services

Marin County Real Estate 2008/2007 November, December Market Comparison Report

Bay Area Real Estate Information Service (BAREIS) Multiple Listin Service (MLS) just released Marin County Homes Closed Sale Report with Two-Month Comparison for 2007 and 2008. The two months period covered are November and December.

The report includes Single Family Residencies, Condo/Co-Op, Farms and Ranches, Mobile and Floating Homes. The towns covered are all Marin County towns - Beveldere, Corte Madera, Greenbrae, Kentfield, Larkspur, Marinwood, Mill Valley, Novato, San Anselmo, San Rafael, Sausalito, Tiburon and other West Marin towns such as Point Reyes, Bolina,..,etc

We can see that anything PRICE related has a dramatic drop - Average Price, Median Price, and Adjusted Average Price. A lot of the pricing changes have something to do with the distressed properties now in Mairn county (from Novato, slowly going down to South Marin) - Short Sales, REO (Bank Owned), Foreclosures or just super motivated sellers.

The highest and lowest prices were not included so that a $19,000,000 does not have a dramatic impact on the prices of the other homes - Guess whose home is that $19,000,000 sale ... Wouldn't you want to be THAT Realtor? Come Back and Check later... :-)

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

Marin County Real Estate 2008 Year End Results vs. 2005, 2006, and 2007, Straignt from MLS

The Bay Areas Real Estate Information Systems (BAREIS) Multiple Listing Service (MLS) for Marin County, CA, just released 2008 Year-End Statistics in comparison to those of 2005, 2006 and 2007.

A Reminder and/or Refresher - 2005 and 2006 were full blown Sellers Market in Marin County where houses wentin a blink of eye and multiple offers abound, while 2007 saw the tail end of the frenzy sellers market, and the start of slight downturn.

By 2008, everything changed. 2008 was a very difficult year for sellers - starting with the bubble deflating, and lending industry collasping where there was virtually no money to lend for a while and interest rate, oil price increased in response, stock market crashing, etc, etc.......

We started to see Distressed Homes for Sale - starting with Loan Modification, Short Sales with Notice of Default filed, Notice of Trustee Sale sent and finally, Foreclosures (Bank Owned, REO) These events all push prices down and making buyers wait - for the lowest (bottom) of the market- BTW, is there such a thing call the Bottom of the Market while you are in the thick of it? (Good thing is things started to stabilized some)

So, with that introduction.. here are the charts released by BAREIS MLS just today (01/30/09).

Marin County 2008 Year-End

In Comparison to 2007, 2006, and 2005

The numbers provided are based on the number of Single Family Residential, Condo/Co-Op, Farms and Ranches sold in Marin County, CA (BAREIS)

Marin County 2008 Year End Number of Units Sold

NUMBER OF HOME UNITS SOLD in MARIN COUNTY - number of homes sold saw a stead decline from 2005 to 2008.

3407 in 2005

2844 in 2006 83.5% of 2005

2507 in 2007 88.2% of 2006

2081 in 2008 83% of 2007

2008 figures is 61.1% of 2005 - Sales volume is definely down

Marin County 2008 Year End Average Selling Price

AVERAGE SELLING PRICE for MARIN COUNTY HOMES (Average Selling Price means adding up all Marin Real Estate sales and divide that by number of units for that year) At the end of 2008, we are back to 2005 figure

$1,078,819 in 2005

$1,091,526 in 2006 101.18% of 2005

$1,223,678 in 2007 112.11% of 2006

$1,075,,500 in 2008 87.89% of 2007

2008 figure is 99.69% of 2005 - back to 2005 level

MEDIAN PRICE FOR ALL HOMES SOLD IN MARIN COUNTY (Median Price is the middle price for all Marin Homes Sales)

$850,000 in 2005

$864,500 in 2006 101.71% of 2005

$900,000 in 2007 104.11% of 2006

$790,000 in 2008 87.78% of 2007

Median Price stayed stable over thru 2007, with a big dip in 2008 - many homes sold are Short Sales, REOs (Bank Owned/Foreclosures).

2008 is 92.94% of 2005 - not that bad!

AVERAGE DAYS ON MARKET FOR MARIN COUNTY HOMES SOLD

Number of Days on Market saw steady climb.

47 in 2005

67 in 2006 142.55% over 2005

73 in 2007 108.96% over 2006

83 IN 2008 1.137% over 2007

2008 is 176.60% (Almost 3/4 additional) DOM compare to 2005

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

Housing Prices Drop Due to Foreclosures in Marin County?

One of the questions I have been asked repeatly now a days is how do foreclosures, bank owned, short sales, and other properties affect the Marin Housing Market? Are the prices of homes dropping due to increases in pre-foreclosures, short sales and/or bank owned homes?

Here is my answer to the questions on how the foreclosures and Bank Owned properties are affecting Marin Real Estate Market:-------------------------------------------------------------------------------------------------------------

"As I have always said, and I stand by that statement - Marin county, due to it's unique qualities, does hold its value compare to other areas. Marin Real Estate value, although dropped some, will go back up sooner and I can go into much more details on that in another blog, and I will not go there for now.

As it's in any market, the fundamental is if there are foreclosures and REOs, the price will go down; both due to the nature of foreclosures and REOs but also due to the fact that sellers that do HAVE to sell are realizing that fact, though, very reluctantly.

Novato, the north most part of Marin county has seen the blunt of it; especially the condo/townhome market, and entry level homes, but the trend also trickles down to the higher end market - really good for home buyers like yourself.

Southern Marin has largely been unaffected, but we are seeing a slow trend to go towards that way. Since those houses were mostly purchased with more equity in the homes, most are safe, but you do have very few that are not. Those will be the ones who suffer and bring down the values.

Some effect is also due to the general economy, which, for the first time in many years, affected the high tech and financial sectors; which in turn, affect the affordability of the higher end market here and in other desirable places of the Bay Area. You will see some of those houses, not nearly the magnitude of the lower end housing, but few will also go on the distressed list and prices in those dropping slightly.

On the flip side, Marin is Marin, and people do love Marin - make sure you go to http://www.SylviaSellsMarin.com to read about Marin County!

The buyers who could not afford before, the bargain hunters, the ones who sold their homes before the market drop and are renting now, the investors, ..,etc are taking full advantage of this market and the declin(ed,ing) interest rate.

I know, because we have weekly office meetings discussing the traffic (and Frank Howard Allen is the #1 company in Marin county) and I personally hold open houses almost weekly for my sellers (always nice to get that one more buyer in for my sellers) and in doing so, I get a pulse of the market and customers, I see them out there.

A great deal is a great deal and they jump in there. Multiple offers and even flipping on homes are back again, and people with large down payments as well as cash buyers are moving in.

My clients and I looked at many areas, tons of houses, spend lots of months, and at times, write several offers before they get the best deals on the houses they want and need. But that's what it takes in Real Estate, before, now and in the future, to get the right house

If you have a Realtor - and you should get one who will look out for your best interest - he/she should do the same for you. .

As always, I would love to actually talk to you about this and provide you with details. So, drop me an email or give me a call, if you will.

Best wishes in 2009!
Sylvia

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And Yes, I think we will all have a great 2009 by helping our buyers finding the best deals and by helping our sellers with the best game plan to sell their house for the most money in this un-precedent market!

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.

Make Dreams Real - Rotary Club of Novato Sunrise Youth Services