Novato Real Estate Market Overview, Week of March 19, 2008

It’s been almost two months since I last posted the market statistics for the Novato Real Estate Market (part of Marin County).  There is a noticeable improvement on the market – Other than a couple of price ranges, most of the others increased sales pending percentage anywhere form 10% to 20% increase in sales for various price range even as the inventory has grown.  

My office reported an active March, a lot of buyers out there looking for ‘bargains’ in Marin county, and Novato is where  you will find it!

We are Optimistic!

Want to know the market statistics or go out and see a house or tow?  Just give me a call!

category

 

Total Units/In Escrow

 

% Active

 

% Pending

All SFD’s and CID’s

 

376/82

 

78%

 

22%

SFD’s

 

264/49

 

81.5%

 

18.5%

CID’s

 

112/22

 

71&

 

29%

$0 -$500K SFD

 

33/12

 

64%

 

36%

$500,001-$600K

 

39/6

 

85%

 

15%

$600,001 – $700K

 

33/3

 

91%

 

9%

$700,001 – $800K

 

42/10

 

76%

 

24%

$800,001 – $999,999

 

45/6

 

87%

 

13%

$1M – $1.25M

 

27/3

 

89%

 

11%

$1.25M – $1.5M

 

22/5

 

77%

 

23%

$1.5M+

 

21/1

 

95%

 

05%

  • Buyer’s Market  < 25%
  • Neutral                25% – 40%
  • Seller’s Market   > 40%

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