February 2017 Home Sale Report | San Rafael Top Agent Update | Pacific Union.

kylefrazierMarin Market Updates, San Rafael Real Estate

February 2017 Home Sale Report | San Rafael Top Agent Update | Pacific Union. The number of single family homes sold in San Rafael during the month of January 2017 was pretty low, even in terms of typical Winter sales figures (the market often slows in the Winter with January sales being the slowest month of the year for closings). In all, San Rafael accounted for only 20 single family home sales. As noted in my updates going back 5 years now, the number of home sales in San Rafael (as well as the rest of Marin County) has been low due to extremely tight supply.  San Rafael’s absorption rate, which is now well under 1 month, remains unprecedentedly 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 (in fact, In some ways, 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 January 2017 are as follows:

  • days on market — 70
  • sales price — $1.119 million
  • home size was 2,256 square feet
  • $519 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.