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Novato, CA Real Estate Market Conditions Update ~ February 2012

By
Real Estate Agent with Fathom Realty Group License# 01336994

As of March 8, 2012 a whopping 58% of available listings in Novato are in escrow.

For the month of February 2012 42 homes sold in Novato (26 of which were distress sales) for an average finalselling price of $463,286.

The average original asking price of these homes was $516,145.

The range of final selling prices was from a low of $90,000 to a high o f$2,400,000.

Of the 42 homes that sold, 2 sold at their original asking prices and 4 sold over their original asking prices.

It took these homes an average of 64 days to sell.

To see all homes that are currently available for sale through our MLS sign in here under my name.

To learn more about specific properties or this area in general feel free to contact me.

Stafford Lake in Novato by Kelley Eling, Marin County RealtorStafford Lake in Novato by Kelley Eling, Marin County Realtor

Comments (2)

Rob Spinosa
US Bank - Larkspur, CA
Mortgage Loan Originator, Marin County

Great info and thanks.  I would say that I cannot believe that pending rate, but with affordability at current levels, it really should not come as a surprise.

Mar 15, 2012 06:29 AM
Kelley Eling
Fathom Realty Group - Sonoma, CA
Realtor Extraordinaire

The entry level ($500K and less) is insanely competitive right now.

Mar 16, 2012 02:50 AM