pointe marin: Pacific Union International | Novato Real Estate Market Update (October 2011 Novato Home Sales Report)
- 11/08/11 10:56 AM
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)
pointe marin: Pacific Union Novato Real Estate Market Update (March 2011 Novato Home Sales Report)
- 03/18/11 07:35 AM
Febuary 2011 resulted in excellent home sales numbers for Novato (34 homes sold in February, compared with 22 trades in January). It appears that this momentum is carrying into March as buyers act quickly on well-priced and/or unique opportunities. The average sales price of Novato homes in Febuary 2011 was $534K. These homes averaged 156 days on market, were about 2,092 sq. ft., and averaged roughly $267 sq. ft. Novato's absorption rate (e.g., number of months' inventory of homes for sale based on last month's sales totals) is an astonishingly low 3.35 months' worth of available inventory overall (114 single family … (0 comments)
pointe marin: Pacific Union Novato Real Estate Market Update (August 2010 Novato Home Sales Report)
- 08/24/10 03:49 AM
The Novato, California real estate market continues its solid year. We had 33 trades last month. What is impressive is the fact that average sales prices are up and average price per square foot are up. The average sales price of Novato homes in July 2010 was $692,508 (up from $644,778 the month before). These homes averaged 106 days on market, were about 2,052 sq. ft., and averaged $320 per square foot (up from $306 sq. ft. in June 2010). Novato's price per square foot has hovered between 3-5% of $300 for a year now - in my mind, we are seeing … (0 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)
pointe marin: Pacific Union International Novato Real Estate Market (May 2010 Home Sales Report)
- 05/16/10 03:38 AM
The Novato, California real estate market continues to exhibit strength across nearly all price bands (not so for homes priced above $1.5 million). April 2010 saw 24 sales (same as February 2010). The average sales price of Novato homes in April 2010 rose over 3% to to $656,699. These homes averaged 93 days on market, were about 2,291 sq. ft., and averaged roughly $294 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. … (0 comments)
pointe marin: Novato Real Estate Market Update (February 2010 Home Sales Report)
- 02/14/10 03:16 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)
Pointe Marin is a newer housing development in desirable Southern Novato, Marin County (which is about 20 miles north of the Golden Gate Bridge and the varied offerings of San Francisco, California). It is favored by families and retireess alike and is undoubtedly one of Novato’s most sought-after neighborhoods. This Novato neighborhood is quiet and relaxed, with wide streets and lots of cul-de-sacs. Many of Pointe Marin’s homes back up to open space and all are within close proximity to shopping, transportation, HWY 10, hiking trails, water, sports field, parks, and … (0 comments)
pointe marin: Pointe Marin, Novato CA (Homes For Sale & Real Estate)
- 04/10/09 06:14 AM
Pointe Marin is a newer housing development in very desirable Southern Novato. It is located to the west of HWY 101 at the Ignacio exit. Commute times to San Francisco vary, but you can expect a 40-50 minute commute (note that the HWY 101 widening project is set for completion in December 2008). This neighborhood is quiet, with wide streets and lots of open space. Indeed, many of the homes in Pointe Marin back up to open space and all homes are in close proximity to endless trails, lots of parks, shopping, and transportation. It is also close to the prestigious … (0 comments)
pointe marin: Novato Home Sales (Market Report)
- 07/22/07 05:41 AM
Novato home sales and real estate values-have they hit slack tide? That's a tough question. While much of the rest of Marin continues to experience meaningful appreciation and, yes, even multiple offers. Novato home sales are a different story. Of course, Novato homes that are PRICED FOR TODAY'S MARKET, are nicely maintained, updated, and/or located in the most desirable neighborhoods continue to sell (especially those priced under $700,000). Once prices get up above $700,000, however, the percentage of homes in escrow (a good barometer of market strength) dips to about 20% until you get to the $1.5 million price range (at about 13%). These numbers clearly indicate … (0 comments)
pointe marin: Novato Real Estate Market (5/1/07 Home Sales Report)
- 05/14/07 11:56 AM
Novato home sales and real estate values are proving to be somewhat sluggish as we enter the Spring selling season. Novato's homes that are nicely maintained, updated, and/or located in the most desirable neighborhoods continue to sell at a relatively quick pace (especially those priced under $700,000. Once prices get up above $700,000, however, the percentage of homes in escrow (a good barometer of market strength) dips to about 25%. Interestingly, homes priced in the $1 million - $1.5 million range are selling at a similar rate (in terms of percentage in escrow) as those in the $700,000 to $1 million price range. Homes in Novato that sold during the … (0 comments)
pointe marin: Novato Real Estate Market Update (Homes For Sale and Sales Report)
- 04/28/07 01:28 PM
The level of inventory for single family homes in Novato (North Marin County) has increased steadily over the past several months. As we get settled into the peak buying and selling season in Marin, Novato leads all other Marin towns in homes for sale with 173 (active listings). There are 66 properties currently in escrow. Twenty-seven homes in Novato sold this month as of 4/28/07. The current absorption rate for homes in Novato is approximately 3.8 months of inventory. However, close examination of the sales breakdown shows that sales gravitate in the under $800,000 price-range. Overall, in Novato, the average days on market for homes that sold is 61 … (0 comments)
Christie's Great Estates | Pacific Union International
Office: (415) 448-1118
Mobile: (415) 350-9440
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.
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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