San Rafael Hills Real Estate Market Update for week ending 4/17/11

By
Real Estate Agent with Coldwell Banker Residential Brokerage CalBRE#01512696

How's the market in Pasadena's San Rafael Hills Real Estate area week ending 4/17/11?

San Rafael Hills Real Estate is a Seller's Market. Here's why:

•    4 months supply of homes trending

•    8 Homes available (2 new)

The 6 month numbers are as follows:

Average Sale Price: $820,077

Median Sale Price: $825,000

Average Days on Market: 81

Average Sale Price to List Price Ratio: 96.10

Of Special Note this week: Despite the existence of a Historic Landmark District in the San Rafael Hills Real Estate area, there are no highly historical or Mills Act status homes available right now. Two homes did go into escrow this past week, 1 after 10 days on market and the other after only 8 days! Nothing closed escrow this week, however, there were 3 in the previous week for a total of 6 closings within the last 30 days, so these 2 numbers are reflecting an increase in activity - especially given that 4 of those 6 sold at, or above, list price.

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Lee Bothast

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