Real Estate
Home Prices in San Rafael Expected To Rise
Real estate website forecasts prices to increase for 2013 in all but one Bay Area zip code
Home prices San Rafael will rise more than 5 percent this year, according to a study conducted by an online real estate site.
Zillow.com expects home prices in 244 of the 245 zip codes in the Bay Area to rise in 2013. The only exception will be the 94515 zip code in Calistoga, according to a story in the San Francisco Chronicle.
The story suggests that the primary reason for the price increase is the tight inventory, a lack of homes for sale on the market.
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But even with the increase, prices remain significantly below the peak prices of a few years ago.
Here is the individual zip code data for the San Rafael area.
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Zip Code Dec. 2012 median Dec. 2013 projection Increase % decrease from peak price 94903 $621,000 $661,197.95 6.5% -24.1 percent 94901 $695,000 $732,440.36 5.4% -23.2 percent
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