Pacific Union San Rafael, CA Real Estate Update (February 2011 Home Sales Report)

kylefrazierMarin Market Updates, San Rafael Real Estate

A suprising uptick in sales occurred last month (January 2011) in San Rafael — we had 32 homes sell compared with 26 in December. The entry level price band (under $600K) remains 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 17 of homes in escrow. Interestingly, the entry level market is virtually the only segment of San Rafael inventory experiencing any meaningful traction — for example, of the 26 homes which sold last month, 27 were priced under $800,000, although there was activity in higher end as well with 3 sales over $1 million. There are currently 107 homes active on the MLS. Averages relating to the 32 homes which sold in January 2011 are as follows:

  • days on market — 138
  • sales price — $697,000
  • home size was 2,022 square feet
  • $346 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.