San Rafael, CA

San Rafael, California real estate sales slowed in December 2009, with 32 trades, down 33% from November. The entry level price band (under $600K) remains active, with 38% of homes now in escrow. Meanwhile, the $600K to $800K price band (a mix of entry level and move-up homes) has dipped to just 29% of homes in escrow. The inventory for single family homes for sale remains steady at 78 homes. It is expected that this Spring will see a large number of homes hitting the market as sellers who have stayed out of the market for the past 2 years will feel more confident in the real estate market this year.

Of the 32 homes sold in December 2009, the average days on market was 94 days, the average sales price was $871,625, and the average home size was 2,230 square feet - roughly $395 per sq. ft. (the average price per square foot has remained virtually unchanged for several months). Homes in Lucas Valley, The Dominican, Terra Linda North, 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.

Kyle Frazier, Certified Residential Specialist (CRS), and a Certified Luxury Home Marketing Specialist (CLHMS), with Christie's Great Estates | Morgan Lane Realtors | Pacific Union International. It is always my pleasure to be of service.

As of January 6, 2010 34% of available listings in San Rafael are in escrow.

For the month of December 2009 only 46 homes sold in San Rafael (9 of which were distress sales) for an average final selling price of $699,261.

The average original asking price of these homes was $774,029.

The range of final selling prices was from a low of $157,500 to a high of $2,750,000.

Of the 46 homes that sold 1 sold at the original asking price, 7 sold over the original asking price, and all others sold for less than the original asking price.

It took these homes an average of 120 days to sell.

To see everything that is currently available for sale on our MLS, click here.

To learn more about this area, visit my website or feel free to contact me directly.

San Rafael, California real estate sales were brisk in November 2009, with 48 trades, up from 31 in September 2009. The entry level price band (under $600K) remains at hot, with 58% of home now in escrow. Meanwhile, the $600K to $800K price band (a mix of entry level and move-up homes) has also seen a rise in the percentage of homes in escrow - 53%.

It is no secret that our current real estate environment in San Rafael favors buyers, not only because of the state of the market, but also because of superior interest rates, FHA loan availability (allowing purchase loans up to $729,000 with 3.5% down), and a shifting mindset by both buyers (who are ready to pull the trigger) and sellers (who are ready to do what it takes to sell). Meanwhile, housing inventory for single family homes fell to 78 homes (from 135 last month).

As reported this Summer, San Rafael listing prices experienced a brief rise from March to June, but that trend has reversed and resumed its downward trajectory. By comparison, asking prices in Novato have been rising for several months, leading many to believe that the bottom has formed in Novato. It does not appear this transition has fully settled in San Rafael.

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As of December 9, 2009 35% of available listings in San Rafael are in escrow.

For the month of November 2009 59 homes sold in San Rafael for an average final selling price of $702,440.

The average original asking price of these homes was $776,278.

The range of final selling prices was from a low of $120,000 to a high of $3,200,000.

Of the 59 homes that sold (16 of which were distress sales) 3 sold at their original asking price, 12 sold over their original asking price and the remaining 44 homes sold for less than their original asking price.

It took these homes an average of 116 days to sell.

To see everything that is currently available for sale through our MLS, click here.

To learn more about the area visit my website or contact me directly.