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

Pacific Union International | Novato Real Estate Market Update (August 2013 Novato Home Sales Report). July 2013 sales figures for Novato, CA were exceptionally high considering the month is usually the beginning of the summer slow season. Forty-three single family homes sold in the town of Novato. While interest rates popped up a point, buyer urgency remains high and buyers continue to write very strong offers with lightning speed (sometimes without inspection contingencies) on all virtually all fairly priced homes under $1 million and for unique estate homes in Marin Country Club Estates. The average sale price for Novato homes that sold in July 2013 was $732K. Novato’s luxury sector (defined as listings over $1 million) continues its impressive performance (23% of $1 million+ homes are in escrow).

New Listing Alert — 8 Marblehead Lane (located in Hamilton Field), 4 Beds, 4.5 Baths, 3,169 square feet. Extraordinary upgrades, formal dining room, wine cellar with climate control, and more.

Call Kyle quickly as this one will not last.

Novato real estate sales in July averaged 81 days on market, were about 2,261 sq. ft., and averaged roughly $350/sq. ft. (note: this is up from $285/ft a year ago).

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