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

kylefrazierMarin Market Updates, San Rafael Real Estate

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.