Pacific Union San Rafael, CA Real Estate Update (March 2014 Real Estate Report)
Pacific Union San Rafael, CA Real Estate Update (March 2014 Real Estate Report). February 2014 single family home sales in San Rafael more than doubled in Fenruary, despite the short month, with 30 trades. 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 43 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 1.5 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 March 2014 are as follows:
- days on market — 109
- sales price — $965K.
- home size was 1,903 square feet
- $528 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.