BLOG - Marin Real Estate

 Novato Market Review as of April 30, 2008

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%