Novato Market Overview, Week of January 23, 2008
At the end of January, 2008; Novato is still in a buyers market. The good news for the sellers is that the inventory is about 1/4 (90+ units) lestt than that four months ago, in September, 2007. The % in Pending also increased in almost all categories, even though some are very slightly.
My office reported a healty January, both in # of listings and # of getting into escrow. A very positive and encouraging sign for all!
- Buyer's Market < 25%
- Neutral 25% - 40%
- Seller's Market > 40%
category | Total Units/In Escrow | % Active | % Pending | ||
All SFD's and CID's | 286/34 | 86.4% | 13.6% | ||
SFD's | 206/2 | 87% | 13% | ||
CID's | 80/2 | 85% | 15% |
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$0 -$500K SFD | 14/3 | 79% | 21% |
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$500,001-$600K | 30/8 | 93.3% | 16.7% |
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$600,001 - $700K | 31/4 | 87% | 13% |
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$700,001 - $800K | 31/2 | 93.5% | 16.5% |
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$800,001 - $999,999 | 36/3 | 92% | 8% |
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$1M - $1.25M | 27/3 | 89% | 11% |
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$1.25M - $1.5M | 17/2 | 88% | 12% |
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$1.5M+ | 20/2 | 90% | 10% |
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