Pacific Union San Rafael, CA Real Estate Update (February 2014 Real Estate Report)

Pacific Union San Rafael, CA Real Estate Update (February 2014 Real Estate Report). January 2014 single family home sales in San Rafael were fairly muted — we had just 14 trades, which is less than one would expect even during this traditionally slower season. As noted in my updates for the past year, the number of homes for sale in San Rafael is very low (as of this writing, there were just 35 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 just over 2 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 February 2014 are as follows:

  • days on market — 73
  • sales price — $794K.
  • home size was 1,948 square feet
  • $413 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.