Novato Market Review as of April 30, 2008

 Novato Market Review as of April 30, 2008

Changes since March 19, 2008.  Available units changed from 376 to 436 (16% increase), in escrow changed from 82 to90 (10% increase), so we have a loss of 5% in percent in escrow. 

The biggest gain in In-Escrow is in the your bread and butter single family home price ranged from $600K to $800K and not surprisingly, the $1M to $1.25M range where the rich but not super rich are looking for homes.  The fixers and very small homes (1,000 sf or slightly more) see a drop in houses under contract. 

Will be an intersting summer.  I will keep an eye on all homes and keep you informed!   

category

 

Total Units/ In Escrow

 

% Active

 

% Pending

% +/- since 3/19

All SFD’s and CID’s

 

436/90

 

79%

 

21%

1%-

SFD’s

 

306/55

 

82%

 

18%

0.5%-

CID’s

 

130/35

 

73&

 

27%

2%-

$0 -$500K SFD

 

34/8

 

76%

 

24%

12%-

$500,001-$600K

 

44/12

 

73%

 

27%

12%-

$600,001 – $700K

 

41/10

 

76%

 

24%

15%+

$700,001 – $800K

 

44/9

 

80%

 

20%

4%+

$800,001 – $999,999

 

55/3

 

95%

 

5%

8%

$1M – $1.25M

 

39/8

 

80%

 

20%

9%+

$1.25M – $1.5M

 

25/4

 

84%

 

16%

7%-

$1.5M+

 

24/1

 

96%

 

4%

1%-

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