Novato Real Estate Market Review as of April 30, 2008
Novato Real Estate Market 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%
