San Rafael, CA

As of June 3, 2009 31% of available listings in San Rafael are in escrow.

For the month of May 2009 56 homes sold in San Rafael for an average final selling price of $644,737.

The average original asking price of these homes was $706,909.

The range of final selling prices was from a low of $92,000 to a high of $1,075,000.

Of the 56 homes that sold 5 sold at their original asking price and 8 sold over their original asking price. All others sold for less.

It took these homes an average of 130 days to sell.

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

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

To see some of the fun things to do around here click here.

San Francisco Bay Area homebuyers looking for an attractively priced mid-century modern home in Marin County with wonderful potential should check out my new, upcoming listing at 847 Pine Ln, San Rafael, CA 94903.

Built in 1955, this single-family / single story Eichler home maintains much of its original charm including mahogony walls, hanging globe lights, and a fabulous indoor / outdoor feel. The property features:

• 3 bedrooms / 2 bathrooms,
•  a family-friendly floorplan with living room, dining room, and family room,
  
• 2-car garage parking,
• forced air heat,
  
• private yard with an amazing array of fruit trees (lemon, peach, persimmon, fig, pineapple / guava, apple, plum, and apriot), and more.
• Located in the desirable Dixie School District. Easy walk to the Terra Linda Rec Center (& swimming pool), Scotty's Market,Three Twins Ice Cream, and more.

Attractively priced at $535,000, the price reflects the fact that this Eichler home is a fixer that offer fabulous upside potential for either a hombuyer or investor. Recent contractors and chimney inspection report on file.

Contact me at 415-EICHLER (415-342-4537) for additional information regarding 847 Pine Lane in San Rafael. I would welcome the opportunity to assist you with your Marin County real estate needs!

Utilize our  San Rafael mls and Marin County mls search engine to explore current properties for sale throughout San Rafael, California.

As noted last month, San Rafael CA's real estate market is increasingly fueled by foreclosures and short sales. The low end (under $600K) is just on fire with "fire sale" prices. We are currently experiencing an amazing 69% pending ratio for homes priced at or below $600K (up from 31% in February). San Rafael's bread and butter homes, priced between $600K and $800K continue selling at a moderate pace with 29% of homes in escrow. Increasing affordability, low interest rates on conforming loans, an increased presence of FHA loans, and a shifting mindset are all resulting in a strengthening market. 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.

Overall, the number of homes on the market rose slightly with 179 homes (up from 174 last month and about 135 last year at this time). What is striking is the comparison between this month in 2006 and today. See below for more on this.

Twenty-six homes sold in April 2009 (up from 19 in March 2009). The average days on market was 118 days, the average sales price was $680,000, square footage was 1,791-roughly $383 per sq. ft.

[For the rest of the article, courtesy of www.SanRafael101.com, click HERE.]

I just listed a mid-century modern Joseph Eichler home in Terra Linda Valley which will debut this week. My new listing at 104 Golden Hinde Blvd in San Rafael will be on brokers tour this Thursday and the first public Open House will be held this upcoming Sunday (4/26) from 1-4 pm.

Attractively priced at $660,000, this desirable atrium-model Eichler home backs up to open space and features:

• 4 Bedrooms / 2 Bathrooms plus multi-purpose room,
• Original kitchen and bathrooms,
• New interior paint,
• Painted concrete floors throughout (keep as-is or lay your desired floor coverings),
• In floor radiant heat (copper pipes), newer boiler and hot water heater,
• Private yard which backs up to open space,
• 2 car garage parking,
• Good location in the Dixie School District,
• Walking distance to shopping, public transportation, farmer's market and more
  

Offered at $660,000. The new owners could move right in or put their finishing touches on this classic 4 BR / 2 BA atrium-model Eichler home.

The property address is 104 Golden Hinde Blvd, San Rafael and the first public open house will be held this upcoming Sunday (4/26) from 1-4pm.

I hope to see you at the first open house this Sunday. If you would like additional information regarding this new listing in San Rafael CA, or for additional information regarding Marin homes, feel free to contact me:

Renee Adelmann, Realtor
Marin Modern Real Estate / San Francisco Modern Real Estate
Phone: 415.342.4537

San Rafael CA’s real estate market is increasingly fueled by foreclosures and short sales. We are currently experiencing 44% pending ratio for homes priced at or below $600K (up from 31% last month). Although San Rafael’s low end is not as strong as Novato’s, it is certainly gathering momentum. Importantly, San Rafael’s bread and butter homes, priced between $600K and $800K continue selling — 32% of these homes are in escrow (up 1% from February 2009). Increasing affordability, low interest rates on conforming loans, and a general shift in mindset are helping many buyers in the lower price ranges attain home ownership.

Additionally, the $8K tax credit for first time home buyers should also help pull buyers into the fray as value priced properties come onto the market. It is a sign of the times: San Rafael currently has 10 listings under $400K and another 9 homes under $500,000 (this is a giant increase from 5 in January 2009). Overall, the number of homes on the market continues to rise with 175 homes (up from 153 last month and about 135 last year at this time).

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