listings: Pacific Union International | Novato Real Estate Market Update (October 2011 Novato Home Sales Report) - 11/08/11 06:56 PM
Much like August 2011, Novato, CA home sales continued to surpass expectations in September 2011, which is traditionally a very slow month for closings in Marin County. Indeed, buyers continue to move very quickly on well-priced and/or unique real estate opportunities. The average sales price of Novato homes has swung wildly this year from month to month. For example, the average sale price in June was $626K. In September it was $530K. September’s trades averaged 117 days on market, were about 1,870 sq. ft., and averaged roughly $258 sq. ft. Novato’s absorption rate (e.g., number of months’ inventory of homes for sale based on last … (0 comments)
listings: Pacific Union Real Estate Mill Valley Report (July 2010 Home Sales Update) - 08/31/10 09:48 PM
The number of homes sold in the Mill Valley, California real estate market rose once again and Mill Valley's touchstone price band ($1 million to $2 million) posted another solid month. For the most part, buyers now speak confidently about our market as it is truly a unique time in history to buy discounted homes with virtually free money. Nonetheless, recent national media coverage has focussed on the slowdown in the number of sales nationwide, giving some buyers pause. But, Mill Valley is not Detroit or Las Vegas. The first time home buyer tax credit never impacted Mill Valley in a significant … (1 comments)
Kyle Frazier is a broker and realtor with Pacific Union International. He is also a Certified Residential Specialist (CRS) and Certified Luxury Home Marketing Specialist (CLHMS). We know of no other Novato realtor (or Marin County realtor, for that matter) can lay claim to these two very difficult certifications which require BOTH superlative sales results (before joining Pacific Union, … (0 comments)
listings: South Gate at Hamilton Field, Novato (Real Estate Market / Homes For Sale Update -- July 30, 2010) - 08/03/10 11:03 AM
South Gate at Hamilton Field in Novato, CA is a special place. Rarely do homes come on the market and for the most part, they tend to sell fairly quickly. Below is a chrat showing all sales and active listings in South Gate at Hamilton Field so far this year, broken down by street. South Gate Home Sales & Activity -- 2010 (July 30, 2010) Presidio Drive
For more information on the local Hamilton Field market, call Kyle Frazier, CRS | Pacific Union International Real Estate | (415) 350-9440 | Kyle@Novato101.com. Kyle is a broker, J.D., and Certified Residential Specialist. We are … (0 comments)
listings: Pacific Union International | Marin Luxury Homes Report (July 2010) - 07/26/10 12:42 PM
As reported in June 2010, “real buyers” continue purchasing “done” homes in prestige locations such as Mill Valley, Belvedere, Ross, Kentfield, etc., along with “value” properties with locational upside, views of San Francisco, southern exposures, and knolltop properties. Marin County’s luxury home real estate market reflects increased sales velocity driven by buyer optimism. In the $2 million to $4 million price band, June 2010 sales eclipsed last year’s total, inventory is down from last year, and the number of homes with accepted offers (in escrow) is high. This combination of factors looks promising for continued improvement. And we are not alone … (0 comments)
listings: Marin County, California (Home Sales Update July 2010) - 07/25/10 04:40 PM
We have multiple economic drivers and underlying fundamentals that impact our local real estate markets. Housing prices, interest rates, job growth and inflation/deflation are significant variables in the Bay Area housing market. While we could not predict either the economic shift that began in August 2007 or the duration of the economic volatility caused by the shift, we do have a few very positive fundamentals present today. Interest rates for conforming mortgages ($729,750) and jumbo mortgages are currently at historic lows since Freddie Mac started recording in 1971 – see rates in the mortgage rate table on page two. Housing … (0 comments)
listings: Pacific Union Real Estate Mill Valley CA. Real Estate Report (July 2010 Home Sales Update) - 07/24/10 11:01 AM
The number of homes sold in the Mill Valley, California real estate market rose and Mill Valley’s touchstone price band ($1 million to $2 million) posted another solid month. In contrast to the previous three years, buyers now speak confidently about our market, recognizing that prices have tumbled significantly, interest rates are extraordinary, jobs numbers have improved, and media coverage concerning real estate has turned positive. Moreover, we are seeing an improved marketplace in San Francisco which is the bellweather for Mill Valley and Marin. The number of homes for sale in Mill Valley is down incrementally to 143. After the brief slow … (1 comments)
listings: Pacific Union Novato Real Estate Market Update (July 2010 Home Sales Report) - 07/23/10 11:43 PM
The Novato, California real estate market continues its torrid year with 49 sales in June — up from 38 sales in May 2010. The average sales price of Novato homes in June 2010 was $644,778. These homes averaged 98 days on market, were about 2,162 sq. ft., and averaged roughly $306 sq. ft. Novato’s price per square foot has hovered between 3-5% of $300 for a year now — in my mind, we are seeing the gradual recomposition of the market in the era of the “New Normal.” Prices are holding steady, particularly in the entry level and move-up price … (1 comments)
listings: Novato, California Real Estate Report (January 2010) - 02/14/10 12:43 PM
The frenetic Novato, California real estate market slowed (at least in terms of closed sales) in January 2010. We had 25 sales, compared with 42 sales in December. The average sales price of Novato homes in January 2010 was $525,440. These homes averaged 97 days on market, were about 1,763 sq. ft., and averaged roughly $309 sq. ft. Novato's absorption rate (e.g., number of months' inventory of homes for sale based on last month's sales totals) has dipped to historically low levels - a scant 3.76 months worth of available inventory overall (94 single family homes are currently for sale in Novato). Below are the percentages of homes in escrow … (0 comments)
listings: South Gate at Hamilton Field, Novato (Real Estate Market / Homes For Sale Update -- January 2010) - 01/06/10 06:04 PM
As we enter 2010, the South Gate at Hamilton Field, Novato real estate market is poised for success as new homes / listings enter the market. There are currently 3 homes for sale in Newport and Sunny Cove neighborhoods. In addition, the home below, located in Hamilton Field's desirable South Gate neighborhood is available.
The above home, by way of example, has 5 beds, 3 baths, and is approximately 2,970 square feet, and is located at the back corner of South Gate along the levee. It is priced at $842,000, well below a recent comparable sale. South Gate Home Sales & … (0 comments)
listings: Tiburon & Belvedere CA Real Estate Market Report (December 2009 Home Sales Update) - 12/17/09 02:33 PM
Every month over the past five months, Tiburon and Belvedere have seen sales in $5 million and up price band. While sales and activity remain choppy, anecdotally, we are seeing that interest in high-end luxury homes is on the rise. There are currently 72 listings in the 94920 zip code, which covers Tiburon and Belvedere (down 21 from last month). In the lower price bands, activity is moderate. The $2 million to $3 million price range accounted for 4 sales last month - there were 6 sales overall in November 2009. Below is a graph comparing median prices over the past year.
For homes that sold in November 2009, … (0 comments)
listings: Mill Valley CA. Real Estate Market Report (December 2009 Home Sales Update) - 12/17/09 02:32 PM
The number of home sales in the Mill Valley, California real estate market rose 20% in November 2009 - that is a total of 24 listings sold. Based on last month's total, we currently have an overall inventory of homes sufficient to last 3.1 months (significantly lower than last month) - this is called the absorption rate. This is a HUGE reduction from the absorption rate from May 2009, which stood at well over 8 months. Indeed, the number of homes for sale in Mill Valley is a very low 75, typical for this time of year. Meanwhile, asking prices have seemed … (0 comments)
listings: Tiburon & Belvedere CA Real Estate Market Report (November 2009 Morgan LaneUpdate) - 11/10/09 11:02 AM
Belvedere and Tiburon real estate is expensive — land values are extraordinarily high. Several homes each year sell for $5 million and up. As 2009 began to unwind, the luxury sector was flat for obvious reasons and it seemed as though the highly valued luxury homes with jetliner views and royal class appointments would never sell again — that has changed. For four months straight we have experienced sales above the $5 million mark. October was no exception with 2 sales. Nonetheless, sales and activity remain choppy. There are currently 93 listings in the 94920 zip code, which covers Tiburon and Belvedere … (0 comments)
listings: Mill Valley CA. Real Estate Report (November 2009 Home Sales) - 11/09/09 11:53 AM
We know from past experience that in down cycles, once the San Francisco housing market recovers, there is a domino effect on surrounding communities. Accordingly, in our current cycle, we believe that our best leading indicator regarding a healthy, appreciating market (particularly in Southern Marin) will be the home sales environment in San Francisco. And there can be no doubt that the San Francisco market has improved dramatically in recent months. Additionally, as the banking institutions regain their footing and again provide bonuses to their employees, we will also see a surge in luxury home sales. In fact, if bonuses are … (0 comments)
listings: Novato Real Estate (November 2009 Home Sales) - 11/07/09 10:16 AM
Leaves are starting to hit the ground as the days grow shorter. But, Novato’s hot market shows no signs of cooling down. In October 2009, 50 Novato, California homes sold, compared with 35 sales in September 2009. Suffice it to say, the Novato real estate market is hot. Entry level home sales have shown sustained strength for the past 6 months. The number of homes actively listed in Novato remains very low compared with the rest of Marin (and the percentage of homes in escrow remains much higher than the rest of Marin). This exceptional demand is based on stunning affordability (homes are selling … (0 comments)
listings: Marin County, CA. Real Estate Update — October 2009 (Homes For Sale & Price Ranges) - 10/19/09 12:27 PM
Over the past year, my reports have continually pointed to simple supply and demand indicators in an effort to define a “normal” Marin County real estate market. As noted a year ago, “recovery to a normal market will require stability in financial markets, a strong local employment trend, affordable interest rates and strengthening consumer confidence.” Reflecting on the past twelve months, Marin County real estate markets experienced the most difficult and unpredictable dynamics. The financial markets imploded, unemployment trends accelerated and consumer confidence was shattered. And while we benefit from historically low interest rates, credit requirements, approval guidelines, and loan … (0 comments)
listings: Novato, California (Real Estate Market Update -- October 2009) - 10/15/09 11:56 AM
“Give Yourself a Raise. Move to Novato.” Entering into the dormancy season for Marin County real estate, it appears that certain “hotspots” remain — Novato is one of them. In September 2009, 35 Novato homes sold, compared with 38 sales in August 2009. The Novato real estate market derives its strength from entry level home sales. The number of homes actively listed in Novato remains very low compared with the rest of Marin (and the percentage of homes in escrow is much higher than the rest of Marin) because of exceptional demand based on affordability and the ongoing fantastically low … (0 comments)
listings: Tiburon & Belvedere Real Estate Market Report (May 2009 Home Sales Update) - 07/01/09 10:17 AM
As inventory collects in Southern Marin's toniest locales (Belvedere and Tiburon), we are starting to see and hear about more offers being submitted. Certainly, sellers frustrated by the lack of activity have in some cases taken what they could get. Most recognize that our new economy, post-Equity Market Meltdown, has shifted the pricing and value expectations of buyers. While I perceive a high level of pent up buyer demand, buyers seem to be willing to wait things out. Much of this behavior is based on expectations of further price declines weighed against likely increased interest rates in the near to mid-term … (0 comments)
listings: San Rafael CA Real Estate Market Report (June 2009 Home Sales Update) - 06/21/09 12:06 PM
Moving into the Summer, San Rafael CA's real estate market is increasingly fueled by foreclosures and short sales. The low end (under $600K) has been hot (64% of homes in escrow). Meanwhile, the $600K to $800K price band has seen a surge in activity with 38% of these homes in escrow, up from 29% in May 2009. Increased affordability, low interest rates (although not as low as they were), an increased presence of FHA loans, and a shifting mindset are all resulting in a strengthening market. Additionally, the $8K tax credit for first time home buyers is likely helping pull some … (0 comments)
listings: Novato CA Real Estate Market Update (June 2009 Home Sales Report) - 06/21/09 12:04 PM
This month, Novato's absorption rate fell to an unbelievable 3.04 months. That is low. Absorption rates, along with days on market averages, provide a telling insight into the overall state of the market. As I have noted before, value properties can be found in virtually ALL price ranges in Novato. Pricing in most neighborhoods is back to what it was in 2002-2003. Note that available inventory in the entry level price ranges is way down and the percentages of homes in escrow is rising fast. For example, 72% of homes in Novato priced under $500K are in escrow (up from 63% in May 2009); … (0 comments)
Real Estate information about Marin County, California--Mill Valley, Sausalito, Tiburon, Belvedere, Corte Madera, Larkspur, Greenbrae, Kentfield, Ross, San Anselmo, San Rafael, and Novato. Community descriptions, sales information, and more.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
Much like August 2011, Novato, CA home sales continued to surpass expectations in September 2011, which is traditionally a very slow month for closings in Marin County. Indeed, buyers continue to move very quickly on well-priced and/or unique real estate opportunities. The average sales price of Novato homes has swung wildly this year from month to month. For example, the average sale price in June was $626K. In September it was $530K. September’s trades averaged 117 days on market, were about 1,870 sq. ft., and averaged roughly $258 sq. ft. Novato’s absorption rate (e.g., number of months’ inventory of homes for sale based on last … (0 comments)
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