San Rafael Real Estate Market (August 2007 Home Sales Report)
The real estate market in Marin’s County Seat, San Rafael, has been strong on the whole. Inventory remained steady this past month (there are currently 130 homes on the market–down just a few from last month). San Rafael’s bread and butter homes (those priced between $750,000 and $900,000) continue to sell quickly (although the definition of “quickly” may not be exactly what sellers are hoping for). As always, homes that are nicely maintained, updated, and/or located in the most desirable neighborhoods continue to sell briskly.
Homes that sold during the past month (there were 40 home sales, which is down by 3 from July 2007) averaged about 64 days on market, for an average price of about $1 million (about $494 per square foot). The strongest micro-climate markets during the past month included The Dominican, Glenwood, Terra Linda, Marinwood, and Lucas Valley.
|
Price Range |
Total Homes |
Pending Listings |
|
Up to $800K |
63 |
32% |
|
$800K – $1 mil. |
47 |
26% |
|
$1 mil. – 1.5 mil. |
26 |
12% |
|
$1.5 mil. – $2 mil. |
17 |
29% |
|
$2 mil. & Up |
19 |
11% |
Feel free to contact Kyle Frazier, CRS, Frank Howard Allen Realtors with any questions: (415) 350-9440.