Pacific Union San Rafael, CA Real Estate Update (November 2013 Real Estate Report)

November 12, 2013

Pacific Union San Rafael, CA Real Estate Update (November 2013 Real Estate Report). Single family home sales remained strong in San Rafael (we had 48 sales in October 2013), CA in October 2013. Like most the San Francisco Bay Area, the number of homes for sale in San Rafael is very low (as of this writing, there were just 55 homes in active status on the MLS — up by about a dozen from last month).  Most Marin County realtors would agree that the number of sales would be much higher if more properties were on the market. At this point, San Rafael’s absorption rate remains near the lowest point in memory (I have been saying this now for months) with a shade over 1 month’s worth of homes — e.g., the number of homes on the market is enough to satisfy just over month’s worth of sales. As with much of the rest of Marin, it appears most sellers are holding out for higher prices. Nonetheless, this is an extraordinary time to sell! Eventually, we will reach an inflection point where sellers who have been holding off waiting for prices to rise will suddenly enter the market.

Averages relating to San Rafael home sales in October 2013 are as follows:

  • days on market — 49
  • sales price — $901K
  • home size was 2,081 square feet
  • $460 per sq. ft.

Properties in Los Ranchitos, Lucas Valley Estates, Peacock Gap, The Dominican, and Sun Valley  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, schools, shopping options, etc., just give me a call at (415) 350-9440. My name is Kyle Frazier. I am a Top 1% in Marin, 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.