Novato Real Estate Market Update - December 2010
By Kevin McGinnis, Marin County Luxury Homes Expert
(Golden Gate Sotheby's International Realty)
Novato, CA real estate/housing market update Total Novato homes sold in November 2010: 20 (Single-family homes. This is down from 27 sales in October. This is also down from 38 sales in the same period last year.) Based on November's sales, here's a snapshot of the average single-family home sale in Novato: Price: $547,650 Size: 1,986 sq ft Price per sq ft: $276 (almost unchanged since October) Days on market: 109 This week in Novato real estate: The entry-level price range (under $500K) remains the strongest - 56% of these homes are currently in escrow, up from 47% one month ago. Meanwhile, the $500K-$600K price range is also active, with 61% of homes in escrow, up from 44% a month ago. The $600K-$800K range represents a mix of entry-level and move-up homes, and it is technica...
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