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Novato, Marin Real Estate Market Overview as of May 27, 2010

By
Real Estate Agent with Coldwell Banker Previews International (#1 Marin_Sonoma_San Francisco_North_Bay) DRE# 01415544

It's been quite sometime since I published a Novato Markret Overview.  As I have told interested parties - the market is hopping for homes that are entry level homes, attractive to both first time home buyers and investos; but can be quite challenging for high-end or move-up homes.

Vey clear drop in % in escrow happens between $700K and $800K, with a steep drop from sellers market to buyers market; this might have something to do with the Jumbo Conforming loan cut off point of $729K.

However, homes are very competitively priced and in great conditon can go into escrow quickly, no matter where the price point is.

 

 

 

 

 

 

 

 

Novato

Market

 

Week of 

05/27/2010

 

 

 

 

 

 

# of Total Units

% of Total

Market

 

# Total Units

# In Escrow

 

% Active

% In Escrow

Type

SFDs

255

98

62%

38%

N

CIDs

89

47

47%

53%

S

All SFDs and CIDs

344

145

58%

42%

S

 

 

 

 

 

SFD by Price Range

$0-$500K

55

32

42%

58%

S

$500,001-$600K

38

16

58%

42%

S

$600,001-$700K

38

16

58%

42%

S

$700,001-$800K

36

19

47%

53%

S

$800,001-$999,999

36

7

81%

19%

B

$1M - $1.25M

20

3

85%

15%

B

$1.25M - $1.5M

17

3

82%

18%

B

$1.5M+

13

2

85%

15%

B

TOTAL SFDs

253

98

61%

39%

N

 

 

 

 

 

% in Contract

Type of Market

< 25%

Buyers

  

 

25% - 40%

Neutral

 

 

> 40%

Sellers

_________________________________________________________

Sylvia Barry, Realtor, ePRO
Marin Realtor for Marin Real Estate
Marin, San Francisco North Bay
Frankk Howard Allen Realtors
website: www.SylviaSellsMarin.com
Blog: www.AllAboutMarinHomes.com

 MARIN, SONOMA, S.F. BAY AREA REAL ESTATE - Beveldere, Corte Madera, Greenbrae, Kentfield, Larkspur, Marinwood, Mill Valley, Novato, San Anselmo, San Rafael, Sausalito, Tiburon; Cotati, Penngrove, Petaluma, Rohnert Park, Santa Rosa. Starter Home to Luxury Property. REO (Bank Owned), Short Sale, View Homes, Architecural Distictive

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