San Rafael, CA

So here I am blogging for the second time today and I thought it might be neat to include a video I recently made for posting on various blogs. So here we go:

http://www.youtube.com/watch?v=BvPGYn3sht4

Please let me know what you think.. this is my first go at it.

Thank you!

Please become a FAN on our page at FACEBOOK

or visit our website at

www.bradleyrealetate.com

Thanks!

Melissa Bradley

#1 AGENT IN MARIN FOR HOUSES SOLD 1998-2008

San Rafael, CA’s real estate market is increasingly fueled by foreclosures and short sales. The entry level price band (under $600K) remains extremely hot (84% of such homes are currently in escrow) and the $600K to $800K price band has seen steady activity with 35% of homes in escrow (same as last month). Increased affordability, low interest rates (rates are down from the time of last month’s report), an increased presence of FHA loans, and a shifting mindset by both buyers and sellers, are impacting these price points in a positive manner. Additionally, the $8K tax credit for first time home buyers is likely helping pull some buyers into the fray, despite the income limitations placed on this credit. It will be interesting to see if the government expands the credit to include ALL buyers and increases the credit amount to $15,000 — that would make a big difference for a lot of people. Overall, the number of homes on the market fell to 142 homes (from 159 last month).

[Click HERE for the rest of the article, courtesy of www.Sanafael101.com].

As of September 11, 2009 30% of available listings in San Rafael are in escrow.

For the month of August 2009 48 homes sold in San Rafael, for an average final selling price of $764,409.

The average original asking price of these homes was $830,331.

The range of final selling prices was from a low of $165,000 to a high of $2,925,000.

Of the 48 homes that sold (9 of which were distress sales) 5 sold at their original asking price and 5 sold over their original asking price.

It took these homes an average of 93 days to sell.

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

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

The big news in San Rafael real estate this past month revolved around the sale of Carlos Santana’s 1.7 acre, 7,000 square foot estate, which sold for $4.185 million after a short two weeks on the market. Congratulations Carlos! Meanwhile, San Rafael listing prices experienced a brief rise earlier this Summer, but have again begun a downward shift over the past few weeks. By comparison, asking prices in Novato have been rising for several months, leading many to beleive that the bottom has formed in Novato. It does not appear this phenomenon is being replicated in San Rafael.

[Click HERE for the rest of this article, courtesy of www.SanRafael101.com.]

As of August 13, 2009 32% of available listings in San Rafael are currently in escrow.

For the month of July 2009 46 homes sold in San Rafael for an average final selling price of $647,638.

The average original asking price of these homes was $698,069.

The range of final selling prices was from a low of $106,000 to a high of $4,185,000.

Of the 46 homes that sold 3 sold at their original asking price and 5 sold over. All others sold for less.

It took these homes an average of 100 days to sell.

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

For more information about this area visit my website or feel free to contact me directly.