Pacific Union International | Novato Real Estate Market Update (Febuary 2013 Novato Home Sales Report)
Pacific Union International | Novato Real Estate Market Update (February 2013 | Novato Home Sales Report). Novato’s real estate market in 2013 is providing a compelling example of how real estate market recoveries progress. As I noted begining in December 2011, when I first saw signs that buyer sentiment and market health began to change for the better, it is clear that things have changed since the bottom was reached in the Marin County real estate market. There is no doubt that the combination of incredibly low inventory, historically low interest rates, a growing pool of “ready, able, and willing” buyers, are making for an unprecedented Novato home sales. The sales numbers relative to standing inventory remain impressive.
My advice to sellers remains the same — “Get your house on the market immediately!” CALL ME if you are thinking of selling. My systems can get you on market quickly with the very best marketing available.
January 2013 sales numbers for Novato, CA are impressive, especially considering that there sales were primarily initiated in December (traditionally, the very slowest month of the year for real estate activity). With 29 trades, January 2013 resulted in nearly a record number of sales despite the most inventory-starved environment I have ever seen. Buyers are making very strong offers with lightning speed on well-priced and/or unique and/or solid upside investment opportunities. The average sale price was $665K in in January 2013. Consistent with a trend beginning in the middle of 2012, Novato is now seeing increased sales over $750K. This includes two sales of $1 million+ homes.