San Rafael Top Agent Update (March 2016 Home Sale Report) | Pacific Union

March 8, 2016 by  

San Rafael Top Agent Update (March 2016 Home Sale Report) | Pacific Union Sales of single family home sales in San Rafael were relatively flat in the new year. In all, San Rafael experienced only 21 single family home sales (there were 34 in December 2015). As noted in my updates spanning back 3 years now, the number of home sales in San Rafael (as well as the rest of Marin County) has been suppressed due to extremely low inventory.  San Rafael’s absorption rate, which jumped from 1 month of inventory in December to well over 2 months today, remains exceptionally low. If you intend to effectuate life change, this is an extraordinary time to sell. 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 (indeed, some critical February sales price figures dipped from what we saw just a few months earlier). Meanwhile however, days on market are relatively low and the average price per foot is as high as ever.

Averages relating to San Rafael home sales in February 2016 are as follows:

  • days on market — 81
  • sales price — $1.192 million
  • home size was 2,343 square feet
  • $515 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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