Pacific Union San Rafael, CA Real Estate Update (December 2013 Real Estate Report)

December 24, 2013

Pacific Union San Rafael, CA Real Estate Update (December 2013 Real Estate Report). Single family home sales were very strong in San Rafael — we had 45 sales in November 2013, which is far more than one would expect during this traditionally slower season. Like most the San Francisco Bay Area, the number of homes for sale in San Rafael is very low (as of this writing, there were just 36 homes in active status on the MLS).  San Rafael’s absorption rate remains near the lowest point in memory (I have been saying this now for months) with less than 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 November 2013 are as follows:

  • days on market — 64
  • sales price — $1,027 mil.
  • home size was 2,112 square feet
  • $485 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.

Pacific Union San Rafael, CA Real Estate Update (January 2013 Real Estate Report)

January 3, 2013

Pacific Union International (San Rafael, CA Real Estate Update) | January 2013. San Rafael, CA’s December 2012 home sales maintained very strong momentum with 44 sales (this was 1 more than October). Just like the rest of Marin County, the inventory level of homes for sale in San Rafael remains extremely low. I have little doubt that sales figures would be significantly higher if there were more homes available for purchase. At this point, San Rafael’s absorption rate is at the lowest point in memory with just under 1 month’s worth of homes — e.g., there is enough inventory for just under month’s worth of sales. For now, it appears most sellers are holding out for higher prices in 2013 — a strategy that may or may not make sense depending on the ultimate objective of the sellers and the state of the market in coming months. By the time the primary selling season rolls around in April, I anticipate much higher levels of inventory. It will be interesting to see what impact, if any, this anticipated higher supply has on pricing.

Averages relating to San Rafael home sales in December 2012 are as follows:

  • days on market — 100
  • sales price — $787K
  • home size was 2,083 square feet
  • $391 per sq. ft.

Properties in Los Ranchitos, Lucas Valley Estates, Peacock Gap, The Dominican, and Loch Lomond  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, just give me a call at (415) 350-9440. My name is Kyle Frazier. I am 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.

Pacific Union San Rafael, CA Real Estate Update (December 2011 Real Estate Report)

January 1, 2012

San Rafael, CA’s November  2011 home sales climbed to 33 trades. Averages relating to San Rafael home sales in November 2011 are as follows:

  • days on market — 117
  • sales price — $673,861
  • home size was 2,079 square feet
  • $329 per sq. ft.

Properties in Sun Valley, Lucas Valley, Peacock Gap, 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 International Real Estate | Pacific Union International. It is always my pleasure to be of service.