San Rafael, CA Real Estate Market Conditions Update ~ August 2008

As of September 5, 2008 26% of available listings in San Rafael are in escrow.

For the month of August 2008 49 homes sold in San Rafael for an average final selling price of $637,704.

The average original asking price of these homes was $683,774.

The range of final selling prices for these homes was from a low of $144,500 to a high of $1,700,000.

Of the 49 homes that sold 2 sold at their original asking price and 4 sold over their original asking price.

15 of the 49 homes that sold were distress sales, with final selling prices ranging from $144,500 to $3,390,000. (This is affecting all of us.)

It took these 49 homes an average of 86 days to sell.

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