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Novato Market Overview, Week of January 23, 2008
January 25th, 2008 9:47 PM

 

Novato Market Overview, Week of January 23, 2008

At 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!

category

Total Units/In Escrow

% Active

% Pending

All SFD's and CID's

286/34

86.4%

13.6%

SFD's

206/2

87%

13%

CID's

80/2

 

85%

 

15%

$0 -$500K SFD

14/3

 

79%

 

21%

$500,001-$600K

30/8

 

73.3%

 

 16.7%

$600,001 - $700K

31/4

 

87%

 

13%

$700,001 - $800K

31/2

 

93.5%

 

16.5%

$800,001 - $999,999

36/3

 

92%

 

8%

$1M - $1.25M

27/3

 

89%

 

11%

$1.25M - $1.5M

17/2

 

88%

 

12%

$1.5M+

20/2

 

90%

 

10%

  • Buyer's Market  < 25%
  • Neutral                25% - 40%
  • Seller's Market   > 40%

 

Posted by Sylvia Barry on January 25th, 2008 9:47 PMPost a Comment (0)
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Sylvia Barry provides professional Real Estate Consulting for Marin Home Sellers or Buyers - Novato, San Rafael, Corte Madera, Kentfield, Mill Valley, Ross, Belvedere, Tiburon, Greenbrae, Larkspur, Marinwood, Nicasio, San Anselmo; as well as Sonoma County Sonoma Real Estate Consulting - Petaluma, Rohnert Park, Cotati, Santa Rosa, Penngrove. Marin County Real Estate, Marin County Homes, Marin Realtor,
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