Novato, CA Real Estate Market Conditions Update ~ November 2011

By
Real Estate Agent with Fathom Realty Group License# 01336994

As of December 9, 2011 47% of available listings in Novato are in escrow.

For the month of November 2011 49 homes (24 of which where distress sales) sold for an average final selling price of $454,353.

The average original asking price of these homes was $482,808.

The range of final selling prices was from a low of $62,000 to a high of $1,225,000.

Of the 49 homes that sold 2 sold at their original asking prices and 8 sold over their original asking prices. All others sold for less than their original asking prices.

It took these homes an average of 130 days to sell.

To see everything that is currently available for sale through our MLS click here.

To learn more about this area in general, search more around this blog, visit my website, or contact me directly.

Grant Avenue in Novato as seen from Grazie by Kelley Eling, Marin County Realtor
Grant Avenue in Novato as seen from Grazie by Kelley Eling, Marin County Realtor

Comments (2)

Dagmar Mouritsen-Maricopa
Solutions Real Estate - Maricopa, AZ
R.E. Neighborhood Specialist

Hi Kelley, our median price in Maricopa AZ is around 90k. What is the common commission rate in Novato?

Dec 11, 2011 03:29 AM
Kelley Eling
Fathom Realty Group - Sonoma, CA
Realtor Extraordinaire

I charge 6%.  But it ranges from 5-7% depending on the property and the situation.

Dec 11, 2011 03:33 AM