Pacific Union San Rafael, CA Real Estate Update (July 2011 Real Estate Report)

kylefrazierMarin Market Updates, San Rafael Real Estate

San Rafael, CA’s June 2011 home sales were up (we had 45 trades last month compared with 37 in May). The entry level price band (under $600K) remains strong — 28 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 22 homes in escrow. Consistent with prior months, the vast majority of sales in San Rafael are homes priced under $800K. That said, we also experienced an uptick in million dollar and up homes sales last month with 8 (including 3 trades over $1.5 million). There are currently 140 homes active on the MLS, about the same as last month. Averages relating to the 45 homes which sold in June 2011 are as follows:

  • days on market — 89
  • sales price — $794,747
  • home size was 2,036 square feet
  • $294 per sq. ft.

Homes in Gerstle Park, Lucas Valley, 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.