San Rafael, CA real estate/housing market update
Total San Rafael homes sold in November 2010: 32 (Single-family homes. This is almost unchanged from 33 sales in October. However, it's down from 48 sales during the same period last year.)
Based on November's sales, here's a snapshot of the average single-family home sale in San Rafael:
- Price: $688,753 (up from $651,427 in October)
- Size: 1,945 sq ft
- Price per sq ft: $355 (almost unchanged since October)
- Days on market: 89 (down from 118 days in October)
This week in San Rafael real estate: The entry-level price range (under $500K) remains strong - 47% of these homes are currently in escrow. The $500K-$600K price range has surged ahead, with 49% of homes in escrow, up from 26% last month.
The $600K-$700K range represents a mix of entry-level and move-up homes, and it's a buyers market for those homes right now, with 26% of homes in escrow. That's up from 20% last month. There are 31 other homes available!
$700K-$1M is a neutral market with 26% in escrow, favoring neither buyers nor sellers. There are 42 other homes in this price range from which to choose.
There luxury market is struggling: 19% of homes are in escrow in the $1M-$1.25M range. At the higher price points, there are two homes in escrow out of 25 listings, or 8%. This is up from zero last month.
Real estate is hyper-local, so if you want to know what the market is like in a particular neighborhood, we can tell you. www.BestHomesMarin.com or 415.725.1911.
Like Best Homes Marin on Facebook and enter to win a gift card to La Coppa, Peet's or Starbucks. Drawings held quarterly. Become market savvy!
We're here to help with all of your real estate needs!
Kevin McGinnis: 415.725.1911
Spiro Stratigos: 415.225.6412
Defining excellence in real estate
Frank Howard Allen Realtors | Luxury Portfolio Fine Property Collection
Comments(1)