Pacific Union San Rafael, CA Real Estate Update (March 2015 Real Estate Report)

March 22, 2015

Pacific Union San Rafael, CA Real Estate Update (March 2015 Real Estate Report). February 2015 single family home sales in San Rafael picked up significantly in February 2015. In all, San Rafael saw 32 single family homes trade last month, compared with just 13 in January 2015. As noted in my updates spanning back for over 2 years now, the number of homes for sale in San Rafael (as well as the rest of Marin County) has been suppressed due to low inventory.  San Rafael’s absorption rate remains very low, with just over 1.5 month’s worth of standing inventory — e.g., the number of homes on the market is enough to satisfy alittle over one month’s worth of sales. If you intend to effectuate life change, 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 February 2015 are as follows:

  • days on market — 55
  • sales price — $903K
  • home size was 1,772 square feet
  • $513 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.