San Rafael CA Real Estate Market Report (April 2010 Home Sales Update)

kylefrazierMarin Market Updates, San Rafael Real Estate

San Rafael, California real estate sales jumped in March 2010. We had 33 trades (compared to 24 in February). The entry level price band (under $600K) remains active, with 47% of homes now in escrow. Meanwhile, the $600K to $800K price band (a mix of entry level and move-up homes) has stalled a bit with just 28% of these homes in escrow. The inventory for single family homes for sale sits at 176 homes (we had 117 active listings last month). As predicted, we are seeing a massive influx of inventory this Spring as a large number of homes have hit the market as a result of sellers who have stayed out of the market for the past 2 years now feel more confident in the real estate market this year.

Of the 34 homes sold in March 2010, the average:

  • days on market was 99 days
  • sales price was $697,303
  • home size was 1,813 square feet
  • $388 per sq. ft. (the average price per square foot has  been trending downwards at an average of about $5 per month for the past few months).

Homes in Lucas Valley, The Dominican, Terra Linda North, Sun Valley, and Peacock Gap 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 Broker, Realtor, Certified Residential Specialist (CRS), and a Certified Luxury Home Marketing Specialist (CLHMS), with Christie’s Great Estates | Morgan Lane Marin Real Estate (Pacific Union International). It is always my pleasure to be of service.