March 2018 Home Sale Report | San Rafael Top Agent Update | Pacific Union

March 15, 2018 by  

March 2018 Home Sale Report | San Rafael Top Agent Update | Pacific Union. The number of single family homes sold in San Rafael in February 2018 more than doubled that of January 2018. As noted in my updates going back 4 years now, the number of homes marketed and sold in San Rafael (as well as the rest of Marin County) remains low — we have an extreme lack of available listings.  San Rafael’s absorption rate, is just over 1-month (a normal market is 4-6 months).

If you own a home in San Rafael and intend to effectuate life change, this is an extraordinary time to market your home. Eventually, we will reach an inflection point where sellers who had been holding off waiting for prices to rise will suddenly realize it is time to sell and enter the market (in fact, in some locations, I believe we are already seeing the market shift away from favoring sellers). However, days on market are still relatively low and the average price per foot is as high as ever.

Averages relating to San Rafael home sales in February 2018 are as follows:

  • number of homes sold — 34
  • days on market — 52
  • sales price — $1.32 million
  • home size was 2,240 square feet
  • $629 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.

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