Pacific Union San Rafael, CA Real Estate Update (January 2015 Home Sales Report)

Pacific Union San Rafael, CA Real Estate Update (January 2015 Real Estate Report). December 2014 single family home sales in San Rafael were fairly solid despite the scarcity of homes for sale and and typical lull that occurs in November and December. In all, San Rafael saw 32 single family homes trade last month. As noted in my updates spanning back for 2 years, the number of homes for sale in San Rafael (as well as the rest of Marin County) has been suppressed (as of this writing, there are only 32 homes in active status on the MLS).  San Rafael’s absorption rate remains extraordinarily low, with precisely 1 month’s worth of standing inventory — e.g., the number of homes on the market is enough to satisfy one month’s worth of sales. If you intend to effectuate life change, 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 December 2014 are as follows:

  • days on market — 84
  • sales price — $1.04 million
  • home size was 2,365 square feet
  • $455 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.