If you follow my writings, you know I am a big fan of Novato's Hamilton Field. With newer homes (which are relatively low maintenance), friendly atmosphere, lots of amenities, easy proximity to shopping, dining, and public transportation (even to San Francisco), it is truly an idyllic fit for many. And with the reduced commute times now that the HWY 101 widening project is largely complete, the Souther Novato location is in high demand.
Because of the easier commute and increased affordability, interest is very high. Hamilton Landing, the award winning business park created and effectuated by Barker Pacific is fully leased -- that fact translates to lots of jobs right there in Hamilton. In addition, Hamilton Plaza was recently completed and contains a monster, deluxe Safeway (with gas station), Peet's Coffee, Starbucks, Wells Fargo, several restaurants, and more.
As of this writing, there are numerous homes for sale in Hamilton Field and an almost equal number in escrow. There are 8 homes in escrow and another 11 currently active. That is a pending ratio of 42%--hot.
Several homes are located in the adjacent Sunny Cove and Newport neighborhoods. These homes have a wide range in price and top out at $769,000. Bayside features some smaller models and several distressed properties. Traditions is the neighborhood just across from the hangars at Hamilton Landing. We have several home there in the $750K price range.
Finally, there is South Gate, which has seen very few sales in the past year and just one distressed sale, as far as I know. Because of its location at the back corner of Hamilton Field, mature landscaping, and genuinely homey feel, these homes tend to sell for a premium -- particularly those which back up to the levee (which are super private and provide access to the Bay Trail). As of this writing, there is just one levee backing home on the market -- click here for a link to more information on that home.
Feel free to call me with any questions you may have regarding Hamilton--it is always my pleasure to be of service.
Kyle Frazier, CRS | (415) 350-9440 | Morgan Lane Real Estate
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