Front driveway of 65 Los Ranchitos Road San Rafael and 57 Chevy with Full Moon
Front driveway of 65 Los Ranchitos Road San Rafael and 57 Chevy with Full Moon

65 Los Ranchitos Road in San Rafael

San Rafael Home Prices / San Rafael Real Estate Market Update

Please bookmark this page to see the latest San Rafael real estate market update charts, updated monthly with a live feed courtesy of BAREIS MLS. Because this page is constantly changing, I will not include commentary on the charts below but you can read my monthly Marin real estate market reports in my blog to read my opinion and analysis. Of course these charts are just a place to begin. Let’s continue the conversation — call me at 415-847-5584 and I can prepare an overview that includes specific nearby homes that have sold in your neighborhood.

 

San Rafael Home Sales vs. Sold Inventory Overview

The chart below illustrates a 14-month rolling history of inventory of San Rafael homes for sale (light green) vs. the number of San Rafael homes sold (dark green) per month. The red line shows the number of homes in San Rafael that went into escrow each month and the blue line shows you the number of new listings per month. This chart provides an excellent perspective on supply and demand in the San Rafael real estate market and allows you to see inventory, sales and listing trends.

 

San Rafael Real Estate Market Months of Inventory

The chart below illustrates the months of inventory of San Rafael homes based on closed sales for the past fourteen months. As a rule of thumb, an inventory level of less than three months indicates a strong sellers’ market while an inventory level greater than six months indicates a buyer’s market.

 

San Rafael Housing Market Historical Price per Square Foot

I hesitate to include this chart because price per square foot, popularized with online services that supposedly calculate your home’s value, can be very misleading. While price per square foot can provide a general picture of pricing trends, there are many factors that impact the value of a home. A professional real estate agent will take into account condition of the home and surrounding homes, recent sales in your neighborhood, school district, neighborhood nuisances like freeway noise and parking difficulty, and other factors in helping you establish the market value of your home, or the value of the home you are considering purchasing.

San Rafael Home Prices Average and Median Pricing Trends

The chart below illustrates average and median home prices in San Rafael over the last fourteen months. If the average sold price is below the average listing price, and falling, the market may be moving towards a buyers’ market. If the average sold price trend is up or above the average listing price, the market may be moving towards a sellers’ market. Why look at the median price versus the average price? The average price is susceptible to skewing by very high or very low-priced homes which are outliers in the market. The median literally reflects the price of the middle home in the market — so if there are 100 homes for sale in San Rafael, the median price would be the price of the 50th home. Please read this article on Realtor.com for more information on median versus average pricing if you have questions.

San Rafael Home Sales Days on Market & Sales Price vs. Original List Price

The chart below reflects the average days on market (the bars) and the average sales prices divided by orignal list price percentage for the past fourteen months. Using the average days on market we can see generally how long homes are taking to sell. Generally we see this number decrease during the peak spring season and increase in the slower winter season. We can use this chart to see if generally homes are selling for more than asking, and we can also use this to determine if days on market is lengthening or shortening. This is helpful in determining how “hot” a given market is.

I hope you find the above information helpful in better understanding the San Rafael real estate market. I would encourage you to read my monthly Marin real estate market report for analysis and context. Better yet, please call me at 415-847-5584 — I love to talk about real estate!
All information reproduced with permission of BAREIS MLS and TrendGraphix. May not be reproduced whole or in part without explicit permission of BAREIS and TrendGraphix. As a member in good standing of BAREIS MLS, I am providing this information to you my clients and prospective clients as a courtesy and educational tool.