Pacific Union San Rafael, CA Real Estate Update (June 2014 Real Estate Report)

June 14, 2014

Pacific Union San Rafael, CA Real Estate Update (June 2014 Real Estate Report). May 2014 single family home sales in San Rafael were quite strong considering the lack of inventory. In all we had 30 single family home sales. As noted in my updates for the past year, the number of homes for sale in San Rafael is low (as of this writing, there were just 59 homes in active status on the MLS).  San Rafael’s absorption rate remains near the lowest point in memory (I have been saying this for months now) with just over 1 month’s worth of homes for sale — e.g., the number of homes on the market is enough to satisfy just under a 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 May 2014 are as follows:

  • days on market — 36 (extremely low)
  • sales price — $1.009 million
  • home size was 2,165 square feet
  • $480 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.