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

November 19, 2012

San Rafael, CA’s October 2012 home sales maintained momentum with 43 sales. Just like the rest of Marin County, the inventory level of homes for sale in San Rafael remains extremely low. I have little doubt that sales figures would be significantly higher if there were more homes available for purchase. For now, it appears most sellers are holding out for higher prices in 2013 — a strategy that may or may not make sense depending on the ultimate objective of the sellers and the state of the market in coming months. At this point, San Rafael’s absorption rate is under 2 months — e.g., there is enough inventory for two months worth of sales (although there are 30 homes on the market over $1.5 million in San Rafael, which is a high price point and many of those homes will not sell given their current pricing).

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

  • days on market — 80
  • sales price — $715K
  • home size was 1,991 square feet
  • $367 per sq. ft.

Properties in Lucas Valley Estates, Peacock Gap, The Dominican, 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, Member of the Top Agent Network & Marin Platinum Group, a 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.