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 (November 2013 Real Estate Report)

November 12, 2013

Pacific Union San Rafael, CA Real Estate Update (November 2013 Real Estate Report). Single family home sales remained strong in San Rafael (we had 48 sales in October 2013), CA in October 2013. 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 55 homes in active status on the MLS — up by about a dozen from last month).  Most Marin County realtors would agree that the number of sales would be much higher if more properties were on the market. At this point, San Rafael’s absorption rate remains near the lowest point in memory (I have been saying this now for months) with a shade over 1 month’s worth of homes — e.g., the number of homes on the market is enough to satisfy just over 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 October 2013 are as follows:

  • days on market — 49
  • sales price — $901K
  • home size was 2,081 square feet
  • $460 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 (February 2013 Real Estate Report)

February 15, 2013

Pacific Union International (San Rafael, CA Real Estate Update) | February 2013. San Rafael, CA’s January 2013 home sales maintained very strong momentum with 24 sales (this is very strong considering these sales were, for the most part, initiated in December — the slowest month of the year for homes sale in Marin County, CA). 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 remains near the lowest point in memory with just over 1-month’s worth of homes — e.g., the number of homes on the market is enough to satisfy just over month’s worth of sales. For now, it appears most sellers are holding out for higher prices in 2013. By the time the primary selling season rolls around in April and May, I anticipate much higher levels of inventory. It will be interesting to see what impact, if any, higher supply will have on pricing and buyer perception.

Averages relating to San Rafael home sales in January 2013 are as follows:

  • days on market — 102
  • sales price — $765K
  • home size was 1,991 square feet
  • $390 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, 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 (September 2011 Real Estate Report)

September 27, 2011

San Rafael, CA’s August 2011 home sales held steady during August (traditionally, a slow month) at 37 trades. The entry level price band (under $600K) remains very strong — 26 of these homes are currently in escrow. Meanwhile, the $600K to $800K price band (a mix of entry level and move-up homes) remains buyer-friendly and accounts for another 20 homes in escrow. Consistent with prior months, roughly 2/3 of the sales in San Rafael are homes priced under $800K. There are currently 121 homes active on the MLS. Averages relating to the 37 San Rafael homes which sold in August 2011 are as follows:

  • days on market — 86
  • sales price — $830K
  • home size was 2,200 square feet
  • $362 per sq. ft.

Homes in Gerstle Park, Lucas Valley, 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.