Homes for Sale in Novato

Homes for Sale in Novato

This report looks at Homes for Sale in Novato California.  In past months I have divided this report up between properties over and under $750,000.00 to exam the top and bottom of the market.  This month I thought I would look at the FHA purchase limits to come up with a break.  With a minimum 3.5% down payment the purchase cap in Marin County would be $756,217.00 so it is really a moot issue as this is about where we had the break anyway.

Right now there are 143 Homes for Sale in Novato priced from $109,900 to $6,250,000.00.  The average price is $756,386.00 and a median price of $669,000.00.  The average size is 2,272 SF and the median size is 1,925.00.

There are 86 Novato Homes for Sale under $756,217.00 with an average price of $467,592.00 and a median price of $475,000.00.  The average size is 1,627 SF and the median size is 1,523 SF. 

There are 57 Homes for Sale in Novato over $756,217.00 with an average price of $1,214,714.00 and a median price of $949,000.00.  The average size is 3,270 SF and the median size is 3,163 SF.

In January the sold Homes for Sale in Novato was down.  This is probably due to the holidays.  The homes sold in January for the the most part would have gone into escrow in November and December.  In January 39 Homes for Sale in Novato sold with an average price of $552,726.00 and a median price of $425,000.00.  The average size was 1,584 SF and the median size was 1,491 SF.

Looking at Homes for Sale in Novato that sold in January for under $756,217.00 there were 37 with average price of $422,792.00 and a median price of $425,000.00.  The average size was 1,584 SF and the median size was 1,491 SF.  Compared to Novato Homes for Sale over $756,217.00 only 2 sold for $900,000.00 and $1,150,000.00, for an average/median price of $1,025,000.00.  The size of these 2 homes was 3,089 and 4,461 Sf for an average/median of 3,375 SF.

In December Homes for Sale in Novato had moved faster with 58 sales and an average price of $543,566.00 and a median price of $538,000.00.  The average size was 1,974 SF and the median size was 1,859 SF. 

Forty-eight Novato Homes for Sale under $756,217.00 sold in December with an average price of $459,975.00 and a median price of $480,000.00.  The homes had an average size of 1,667 SF with a median size of 1,653 SF. Ten homes over $756,217.00 sold for an average price of $944,800.00 and a median price of $927,500.00.  Of those ten homes the average size was 3,447 SF and a median size of 3,483 SF.

On the surface it appears prices are trending down, but so are the size of the homes sold.  Sales should pick up with spring and when the weather gets better.  Larger homes will be the best buys on the market in the coming year.

Contact me directly for information on Novato Homes for Sale or click here to see the best buy on Homes for Sale in Novato.