Trulia Voices Real Estate Q&A in San Rafael

Halley S.
Halley S.
Home Buyer
New York

There is a lot of talk of a softening real estate market. How would you describe the real estate market in San Rafael?

How long do homes typically sit on the market in this city?

Helpful (0)  
Share
Save
Report  
Margaret Kapran…
Margaret Kapran…
Real Estate Pro
Greenbrae
Mon Apr 23 2007, 15:51

The market has returned to a normal market in that homes are now sitting on market for approximately two months (3 months for condos). The average real estate price is slightly over $1 million for single family homes (slightly over $600,000 for condos). There's a healthy inventory of choices thoughout all neighborhoods at the moment however, buyers should not expect to see 'fire sales' as it is very much a neutral market-favoring neither side of the transaction. Multiple offers still occur for the more desirable homes but buyers hould know that in general they can spend more quality time selecting the home of their choice. Sellers need to know they need to do the necessary prep work to get their houses ready for market if they are to get top dollar.

Helpful (0)  
  Report
Nancy Barton
Nancy Barton
Real Estate Pro
San Rafael
Mon Apr 23 2007, 15:51

The market is fantastic! I service Marin County all the way from Novato to Sausalito and the market couldn't be better. There are buyers out there and if anything, there is a shortage of inventory.

Helpful (0)  
  Report
Nigel Faulkner
Nigel Faulkner
Real Estate Pro
San Rafael
Mon Apr 23 2007, 15:51
FIRST ANSWER

Its a steady market with the volume of sales down slithgtl, but prices continue to increase slightly

Helpful (0)  
  Report
Eduardo Gutekun…
Eduardo Gutekun…
Real Estate Pro
San Rafael
Mon Apr 23 2007, 15:51

For Marin County, San Rafael, is one of the better entry points. The general rule in Marin is: the further from San Francisco, the more affordable. A big break occurs when one comes over the hill from the Ross Valley. While the market is soft across the nation, Marin County is an exception. Prices are edging up, not down. This is due to supply and demand. There is limited land and people want to live here. There is no room to build new homes except in north Marin. If you want a new home in central and southern Marin, you have to tear down and old one. All this said, San Rafael has some of the better prices countywide, although compared to the rest of the country it would seem ridiculously high. Days on Market? Between 30 and 60, but if a house is priced well, it will sell in 7-14 days.

Helpful (1)  
  Report

Check out more about Market Conditions in San Rafael

Quick Links
Trulia Voices

Home

Questions & Answers

Blogs

Agent2Agent

Using Trulia

Contribute

Ask a Question

Write a Blog Post

Search Advice & Opinions
Ask a Question
Email me when…
there is a new
in for
Email: