Pacific Union San Rafael, CA Real Estate Update (June 2012 Real Estate Report)

July 2, 2012

San Rafael, CA’s May 2012 home sales continued to creep upwards with 46 sales. As with most of Marin County, there is a continuing dearth of properties for buyers to choose from and the market remains constrained by this lack of inventory. Many observers of the market contend that sales figures could be significantly higher if sellers were to join the party. For now, it appears most sellers are holding out for higher prices — a strategy that may or may not make sense depending on the ultimate objective.

Averages relating to San Rafael home sales in May 2012 are as follows:

  • days on market — 85
  • sales price — $649K
  • home size was 1,923 square feet
  • $351 per sq. ft.

Properties in Lucas Valley, Gerstle Park, Peacock Gap, and Loch Lomond  generated the most calls and showings this past month. If you would like me to run the exact numbers for your San Rafael, CA neighborhood or if you have any questions about our many delightful communities, just give me a call at (415) 350-9440. My name is Kyle Frazier. I am a J.D., Broker, Realtor, Certified Residential Specialist (CRS), and a Certified Luxury Home Marketing Specialist (CLHMS), with Christie’s International Real Estate | Pacific Union International. It is always my pleasure to be of service.