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novato real estate market overview: Novato Real Estate Market Update - December 2010 - 12/05/10 07:03 PM
Novato, CA real estate/housing market update
Total Novato homes sold in November 2010: 20 (Single-family homes. This is down from 27 sales in October. This is also down from 38 sales in the same period last year.)
Based on November's sales, here's a snapshot of the average single-family home sale in Novato:
Price: $547,650    Size: 1,986 sq ft   Price per sq ft: $276  (almost unchanged since October)  Days on market: 109   This week in Novato real estate: The entry-level price range (under $500K) remains the strongest - 56% of these homes are currently in escrow, up from 47% one month ago. Meanwhile, the $500K-$600K price range … (0 comments)

novato real estate market overview: Novato Real Estate Market Update - November 2010 - 11/01/10 05:51 PM
Novato, CA real estate/housing market update
Total Novato homes sold in October 2010: 27 (Single-family homes. This is down from 33 sales in September.)
One of those sales was our listing at 14 Balboa Court in Hamilton's Bayside neighborhood, pictured here. We got the home into escrow in 8 days and sold it for full price, $619,000. This was $322/square foot, which was higher than October's average in Novato.
Based on October's sales, here's a snapshot of the average single-family home sale in Novato:
Price: $649,302 Size: 2,344 sq ft Price per sq ft: $277 Days on market: 89 This week in Novato real … (0 comments)

novato real estate market overview: Buyer Activity Bounces Back: Novato Real Estate Market Update 6/19/09 - 06/19/09 05:35 PM

Multiple offers.  Overbids.  Properties being snapped up the same day they are listed for sale.  Remember those days in Marin County real estate?  They're baaaaack!
As of this writing, 47% of all homes (single-family residences and condominiums) on the market in Novato are in escrow.  If you break that down even further, out of all 100 condominiums currently listed for sale in Novato, 56 of them (56%) are in escrow.
If you look at single-family homes in Novato priced less than $500,000, 68% on the market have an accepted offer to purchase and are in escrow.
This is astonishing because … (0 comments)

novato real estate market overview: Novato Real Estate Market Update: Buyers Rush In (6/7/09) - 06/07/09 12:43 PM
Home buyers are snapping up an increasing number of Novato properties. In fact, almost half of all homes for sale are now in escrow.* What's more? In the hottest segment of all (single family homes under $500,000), 73% of homes are now in escrow. That's a 27% jump from just last month, and no segment has reached this level since October 2006.
It's interesting to see the shift that has taken place over the past two or three years. Let's look at the week of October 11, 2006. At that time, there were only three homes for sale below $500,000. Today, there are 60.  We … (0 comments)

novato real estate market overview: Novato Real Estate Market Overview: Jan-April 2009 - Things are Looking Up - 04/26/09 12:49 AM
We're a month into the 2nd quarter of 2009 and Novato home sales are picking up. Since the first of the year, there's been a hefty increase in buyer activity at many price points. Specifically, there's been a market surge for Novato properties priced up to $700,000.
The chart here represents pending sales, or homes that are in escrow. The main reason that the number of homes in escrow is an important indicator is that it represents today's news, whereas closed sales are yesterday's market.

Properties priced at $700,000 and below have seen a boom in activity as buyers finally are getting off … (0 comments)

 
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