Pacific Union San Rafael, CA Real Estate Update (April/May 2011 Home Sales Report)

May 4, 2011

San Rafael, CA’s March and April 2011 home sales jumped significantly — from 22 in February to 38 in March and 36 in April. The entry level price band (under $600K) remains strong — 31 of these homes are currently in escrow (WOW!). Meanwhile, the $600K to $800K price band (a mix of entry level and move-up homes) remains buyer-friendly and accounts for another 23 of homes in escrow. While the entry level market stood alone a well-performing market sector in February, we are now seeing some significant activity in the $600K to $800K range. In fact, 28 of our 36 sales last month were under $800K. There are currently 156 homes active on the MLS. Averages relating to the 74 homes which sold in March and April 2011 are as follows:

  • days on market — 112
  • sales price — $700K
  • home size was 2,050 square feet
  • $694 per sq. ft.

Homes in Lucas Valley, Terra Linda, and The Dominican generated the most calls and showings this past month. If you would like me to run the exact numbers for your San Rafael neighborhood or if you have any questions about our many delightful communities, just give me a call at (415) 350-9440. My name is Kyle Frazier. I am a J.D., Broker, Realtor, Certified Residential Specialist (CRS), and a Certified Luxury Home Marketing Specialist (CLHMS), with Christie’s Great Estates | Pacific Union International. It is always my pleasure to be of service.

Marin Luxury Real Estate (January 2009)

January 14, 2009

While many bankers, lawyers, and executives received annual bonuses this year, many others did not. It can be expected that the resulting impact on the luxury market will be felt. Last month I noted a sluggish high end for Marin County real estate and nothing much has changed. In fact, sales and escrows slowed further. National number reflect a similar trend. Click here to view the Institute for Luxury Home Marketing’s Housing Report dated 1/4/09. If you would like a similar report relating to any town or zip code in Marin or San Francisco, e-mail me and I will send you a pdf of the report.

[Click HERE for the rest of the report, courtesy of www.ImagineMarin.com.

 

Below is a chart breaking down current inventory and pending sales. 

 

 

Marin Cities & Towns

$2 Million — $4 Million

$4 Million & Up

Active

Pending

Active

Pending

Sausalito

4

0

1

0

Belvedere

6

3

6

0

Tiburon

23

2

13

0

Mill Valley

6

1

2

0

Larkspur

2

1

0

0

Corte Madera

1

0

0

0

Kentfield

9

0

2

0

Greenbrae

0

0

0

0

Ross

1

1

5

0

San Anselmo

9

0

0

0

San Rafael

6

0

2

0

Novato

2

0

0

0

 

 

Call Kyle Frazier, Marin Realtor & CRS, Broker Associate, Frank Howard Allen Realtors of Marin, at 415/350-9440 for more luxury home market information. You can also e-mail Kyle at mailto:Kyle@ImagineMarin.com.