Novato Real Estate Market Update (April 2013 Novato Home Sales Report)

Novato Real Estate Market Update (April 2013 Novato Home Sales Report). Novato’s real estate market has changed significantly from 2012. Those who follow real estate have noted that 2013 is a completely different animal that years past as buyers have finally come back into the market. The combination of low inventory, low interest rates have resulted in an expanding reservoir of “ready, able, and willing” buyers. These home buyers are stepping up in Novato and purchasing listings from all different price points. Even the $2 million+ price point has seen significant activity over the past 3 months as affluent buyers are returning to Novato to capture value and lifestyles unobtainable elsewhere in Marin County. The sales numbers relative to standing inventory remain impressive.

My continuing advice to sellers remains — “If you want to sell in 2013, get your home out there!” CALL ME if you are thinking of selling. My systems can get you on market quickly with the very best marketing available. And my negotiating skills will get you top dollar.

March 2013 sales figures for Novato, CA were exceedingly strong — Novato totaled 38 trades (up from 23 in February). We continue to starve for inventory. Due to the factors noted above and the lack of inventory, buyer urgency is as high as I have ever seen. Buyers are making very strong offers with lightning speed (sometimes without inspection contingencies) on nearly all fairly priced homes. The average sale price for Novato homes that sold in March 2013 was $689K. Novato is now also seeing strong activity on listings over $1 million (28% of $1 million+ homes are in escrow).

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