Pacific Union International | Novato Real Estate Market Update (June 2014 Novato Home Sales Report). Novato, CA., experienced a very healthy amount of sales in May 2014 — 65 single family homes sold. Given the incredibly low level of inventory, this is a strong number (I will address the absorption rate… read more →
Pacific Union International | Novato Real Estate Market Update (November 2012 | Novato Home Sales Report). Incredibly low inventory, historically low interest rates, a growing pool of “ready, able, and willing” buyers, are combining to make 2012 a pivotal year for Novato real estate. While the jury is out as to… read more →
May 2011 was another excellent month for home sales in Novato (30 trades). It appears that this momentum is carrying into June as buyers act quickly on well-priced and/or unique opportunities. The average sales price of Novato homes has swung wildly so far this year based on the composition of… read more →
Happy New Year! As I write this real estate report, the stock market is at its highest level since the 2008 meltdown began and up 125 points on the first day of trading in 2011 and the headline on CNN Money is “A Hiring Boom in 2011. Really.” Despite historically… read more →
The Novato, California real estate market continues to exhibit strength across nearly all price bands (not so for homes priced above $1.5 million). April 2010 saw 24 sales (same as February 2010). The average sales price of Novato homes in April 2010 rose over 3% to to $656,699. These homes averaged 93 days on… read more →
While the pipeline of new properties and overall inventory levels increases dramatically throughout most of Marin County, CA (this is the prime selling season, after all), Novato’s inventory level has remained very steady over the past 3 months. Just 151 single family homes are currently for sale. There were 152… read more →