Novato Real Estate Market statistics stays pretty flat overall with a small 4% increase in pending sales compare to a month ago on September 24.
The ratio is held steady by dwindling inventory - overall inventory dropped by another 10%, from 370 to 348; again due to more pending sales and either sellers taking properties off the market or waiting for the market to move upwards before they sell.
The highest increases in pending sales again, is the starter single family homes priced under $600K, with up to $500K at 41% and $500K to $700K at 30%; mutual to slightly sellers market - mostly fixers, REOs (bank owned), short sales, all bargains from one or two years ago.
This is a great time to buy, with bargains abound, whether it's in Novato, San Rafael or Southern Marin. Bank owned homes or sellers with plenty of equity are pricing homes low to attract multiple offers.
One house in Kentfield, priced lower than normal, generated 12 offers. Think about the other 11 who did not get accepted that are circling for well priced (or bargain basement priced) homes, ready to pounce when they finally find one.
Higher end homes are staying stale - many move-up buyers need to sell their homes in order to buy are relunctant until their house is sold in this market.
Give me a call at (415) 717-0293 or email me at sylvia@SylviaSellsMarin.com for inventories on the market, whether REO, Trust Sale, start home, luxury homes.. I will be very happy to find the best house / investment property for you!
It will be a pleasure to serve you!
|
category |
Total Units/ In Escrow |
% Active |
% Pending |
% +/- since 09/10/08 | |||
|
All SFD's and CID's |
|
348/102 |
|
71% |
|
29% (N) |
-4% |
|
SFD's |
|
256/59 |
|
77% |
|
23% (B) |
-1% |
|
CID's |
|
92/43 |
|
53% |
|
47% (S) |
-10% |
|
$0 -$500K SFD |
|
66/27 |
|
59% |
|
41% (S) |
-10% |
|
$500,001-$600K |
|
27/8 |
|
70% |
|
30% (B) |
+11% |
|
$600,001 - $700K |
|
27/8 |
|
70% |
|
30% (N) |
+0% |
|
$700,001 - $800K |
|
36/7 |
|
81% |
|
19% (B) |
+0% |
|
$800,001 - $999,999 |
|
31/3 |
|
90% |
|
10% (B) |
-6% |
|
$1M - $1.25M |
|
24/4 |
|
83% |
|
17% (B) |
+10% |
|
$1.25M - $1.5M |
|
24/0 |
|
100% |
|
0% (B) |
-5% |
|
$1.5M+ |
|
21/2 |
|
91% |
|
9% (B) |
-1% |
- Buyer's Market < 25%
- Neutral 25% - 40%
- Seller's Market > 40%
Sylvia Barry
, Realtor, ePRO
Marin Realtor for Marin Luxury Real Estate
Marin, Sonoma, ,San Francisco North Bay
Frankk Howard Allen Realtors
website: www.SylviaSellsMarin.com
Blog: www.AllAboutMarinHomes.com
SERVING MARIN, SONOMA, S.F. BAY AREA - FOR ALL YOUR REAL ESTATE NEEDS Beveldere, Corte Madera, Greenbrae, Kentfield, Larkspur, Marinwood, Mill Valley, Novato, San Anselmo, San Rafael, Sausalito, Tiburon; Cotati, Penngrove, Petaluma, Rohnert Park, Santa Rosa.
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