Novato Market Overview, Week of January 23, 2008
By Sylvia Barry, Marin and Sonoma Real Estate Leading Expert
(Coldwell Banker Previews International (#1 Marin_Sonoma_San Francisco_North_Bay))
Novato Market Overview, Week of January 23, 2008At the end of January, 2008; Novato is still in a buyers market. The good news for the sellers is that the inventory is about 1/4 (90+ units) lestt than that four months ago, in September, 2007. The % in Pending also increased in almost all categories, even though some are very slightly. My office reported a healty January, both in # of listings and # of getting into escrow. A very positive and encouraging sign for all! Buyer's Market < 25% Neutral 25% - 40% Seller's Market > 40% categoryTotal Units/In Escrow% Active% PendingAll SFD's and CID's286/3486.4%13.6%SFD's206/287%13%CID's80/285%15% $0 -$500K SFD14/379%21% $500,001-$600K30/893.3%16.7% $600,001 - $700K31/487%13% $700,001 - $800K31/293.5%16.5% $800,001 ...