Friday, April 25, 2014

Good News for PacUnion and You!

Well, this week, we've got a pair of news items--BOTH of importance to you and your real estate needs. First, Pacific Union was awarded a very prestigious award.
We’re very excited to announce the news that Christie’s International Real Estate has named Pacific Union its “Affiliate of the Year” for 2013.
Pacific Union, one of 139 global affiliates in the Christie’s network, won the top honor for its creative and effective marketing, superior branding, and innovation. Christie’s presented the award earlier this month at its annual global conference in Barcelona, Spain.
“A true industry leader, Pacific Union has long been known for its innovative programs and quality services, and we are proud to award the company with this prestigious distinction,” Bonnie Stone Sellers, CEO of Christie’s International Real Estate said in a statement.
Pacific Union CEO Mark A. McLaughlin calls the accolade a “deep honor” resulting from collaboration and teamwork.
“We are deeply honored to receive this award and look forward to continuing our fantastic collaboration with Christie’s for many years to come,” McLaughlin said. “Our exclusivity with this prestigious brand undoubtedly helps us deliver the very best in Northern California luxury real estate to clients from around the globe.”
Second, prices in Marin County (and San Mateo) have penetrated the Million Dollar median level.
As we noted in a March 20 blog post, the median sales price in three Bay Area counties approached the $1 million milestone in February. And in March, two of those markets actually surpassed it, according to the California Association of Realtors’ most recent home sales and price report.briefcase_money
The median sales price in San Mateo County shot up to $1.16 million in March, a gain of nearly 21 percent since February. Home prices in Marin County didn’t trail by much, at $1.04 million, but posted far less dramatic gains of 5.7 percent. San Mateo has now overtaken Marin as the most expensive county in the state for buying a home.
Across our nine local counties, the median price grew by 7.3 percent from February to March. The increase was largest in Napa County, at 25.5 percent. San Francisco was the only Bay Area county where prices depreciated from the previous month.
CAR’s report also shows that the months’ supply of inventory in the Bay Area decreased from 3.2 in February to 2.8 in March. Inventory declined or held static in eight counties from the previous month, with Napa County being the lone exception.

Need help in locating your next home or valuing and selling your present one? Give us a call! We'd be happy to assist you in every way! Peter: (415) 279-6466; Jane: (415) 531-4091.


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