Health & Fitness
Update on the State of Novato Real Estate Market
A Quick Update on the Novato Real Estate Market during the 10-Day Period just before Labor Day Weekend.
On this Labor Day weekend, I thought I will provide a quick update on the Novato Real Estate Market since my on Aug. 21 to the end of August.
Below are statistics of Single Family Residences (SFR) and Commen Interest Developments (CID/Condos) that are either new on market (Active), under cotract (Contingent), Pending (All cotingencies removed) and Sold during the 10 day period.
I also included breakdown of single family residences that are new on market or sold during the 10-day period by price range.
Find out what's happening in Novatowith free, real-time updates from Patch.
A quick glance at the statistics on 08/31/2012 supports a strong sellers' market.
Fun facts - The lowest price SOLD single family home during the period is a small Black Point home with a private hill top setting, closed at $270K. On the other spectrum, a beautifully top to bottom, completely redone single story home, 4 bedrooms, 2 and half baths, 2358sf home sited on close to 1/5 acre lot on Mill Road, priced at $699K, quickly went into escrow with multiple offers and closed in 20 days at $800K; an all cash purchase. A Bel Marin Keys on the water house closed at $865K and a single story Country Club home on the Golf Course closed at $915K, both homes are nicely updated; while a Stonetree Home, 4700+sf, one of the hard hit areas by the depressed market, closed at $1Million, was the highest priced sale of the period.
Find out what's happening in Novatowith free, real-time updates from Patch.
Have a Wonderful and Safe Labor Day Weekend!
Novato Real Estate Market Activites08/21/12 to 08/31/12
SFR CIDs Actie 16 6 Contingent 21 6 Pending 9 3 Sold 21 7
SOLD
$0-$500K 3 9 $500,000 - $600K 3 4 $600,001 - $700K 3 2 $700,001 - $800K 6 3 $800,001 - $999,999 1 2 $1M - $1.25M
1 $1,25M - $1.5M
$1.5M+ Total 16 21
Novato Real Etate Market Statistics
Type # of Total Units % of Total # Total Units IN Escrow Active
In Escrow S/B SFRs 170 101 41% 59% S CIDs 67 49 27% 73% S All SFR/CIDs 237 150 37% 63% S
SFD by Price Range
$0-$500K 42 34 19% 81% S $500,000 - $600K 28 18 36% 64% S $600,001 - $700K 28 16 43% 57% S $700,001 - $800K 28 13 54% 46% S $800,001 - $999,999 22 15 32% 68% S $1M - $1.25M 10 2 80% 20% B $1,25M - $1.5M 5 3 40% 60% S $1.5M+ 11 2 82% 18% B Total 174 103 41% 59% S
% in Contract Type of Market
Less than 25% Buyers' Market
25% to 40% Neutral Market
Greater than 40%
Seller's Market
Footnote:
(*) Data collected from the local Multiple Listing Services (BAREIS – Bay Area Real Estate Information Service).
(**) Patch table expands entire width of the article. Do accept apology from this Realtor.
