Pacific Union San Rafael, CA Real Estate Update (November 2014 Real Estate Report)
Pacific Union San Rafael, CA Real Estate Update (November 2014 Real Estate Report). October 2014 single family home sales in San Rafael remained steady in light of the low number of active listings. In all, we had 41 single family homes trade last month. As noted in my updates spanning back about 18 months, 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 51 homes in active status on the MLS). San Rafael’s absorption rate remains extraordinarily low, with just over 1 month’s worth of inventory — e.g., the number of homes on the market is enough to satisfy just over 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 October 2014 are as follows:
- days on market — 59
- sales price — $898K
- home size was 2,074 square feet
- $444 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.