BLOG - Marin Real Estate

It's been quite sometime since I published a Novato Markret Overview.  As I have told interested parties - the market is hopping for homes that are entry level homes, attractive to both first time home buyers and investos; but can be quite challenging for high-end or move-up homes.

Vey clear drop in % in escrow happens between $700K and $800K, with a steep drop from sellers market to buyers market; this might have something to do with the Jumbo Conforming loan cut off point of $729K.

However, homes are very competitively priced and in great conditon can go into escrow quickly, no matter where the price point is.

	Novato Market Overview
	Week of May 27, 2010
	# of Total Units			% of Total			Market
	# Total Units	# In Escrow		% Active	% In Escrow
Type
SFDs	255	98		62%	38%		N
CIDs	89	47		47%	53%		S
All SFDs and CIDs	344	145		58%	42%		S
SFD by Price Range
$0-$500K	55	32		42%	58%		S
$500,001-$600K	38	16		58%	42%		S
$600,001-$700K	38	16		58%	42%		S
$700,001-$800K	36	19		47%	53%		S
$800,001-$999,999	36	7		81%	19%		B
$1M - $1.25M	20	3		85%	15%		B
$1.25M - $1.5M	17	3		82%	18%		B
$1.5M+	13	2		85%	15%		B
TOTAL SFDs	253	98		61%	39%		N
% in Contract	Type of Market
Less than 25%	Buyers Market
25% to 40%	Neutral Market
Greater than 40%	Sellers Market