Halley S., Home Buyer in New York, NY

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

Asked by Halley S., New York, NY Mon Apr 23, 2007

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

Help the community by answering this question:


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.
1 vote Thank Flag Link Mon Apr 23, 2007
Since April 2007, the market in SR changed a lot. If you decide to wait for another four years, the info here would become useless.

0 votes Thank Flag Link Tue Aug 9, 2011
Hello Halley, it depends on the location even within San Rafael area, as well as if it's a straight sale, short sale or a foreclosure. The market is, therefore different for SFH and condos. If you have a specific size of the house and the location in mind I will provide with the statistical information. The last six month sold data - Average days on the market in S.R. 117/129 days, but some high end properties took as much as 1200 days to sell and 1/1 condo sold in 0 days on the market. let me know if I can do anything for you.
Cheers, Victoria Wells vawells@me.com 415-710-4090
0 votes Thank Flag Link Wed Apr 20, 2011
It depends if you are a buyer or the seller. Currently it's a buyer market and there are many great buys in Marin and in San Rafael specifically. One thing for sure the weather here is much better than in New York.
0 votes Thank Flag Link Tue Aug 3, 2010
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.
0 votes Thank Flag Link Mon Apr 23, 2007
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.
0 votes Thank Flag Link Mon Apr 23, 2007
Its a steady market with the volume of sales down slithgtl, but prices continue to increase slightly
0 votes Thank Flag Link Mon Apr 23, 2007
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