Novato, CA Real Estate News

By Kevin McGinnis, Marin County Luxury Homes Expert
(Golden Gate Sotheby's International Realty)
Novato Schools Post Big Gains in 2010 State Test Scores Sept. 14, 2010 -- The California Department of Education just released the much-anticipated 2010 Growth Academic Performance Index (API) results. Many Novato parents have eagerly awaited these test results to see how much their neighborhood school's academic achievement levels have changed since 2009. The 2010 Growth API results show if a school met, exceeded or fell short of its performance goal in 2010. Every year California calculates a specific improvement target for each school based on the previous year's test scores and how the school's performance compares to state standards. Below are the results for all Novato schools. In summary, more than half of the schools posted gains, some huge! Here are some highlights: Olive Eleme...
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By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of September 7, 2010 34% of available listings in Novato are in escrow. For the month of August 2010 46 homes sold in Novato, for an average final selling price of $604,839. The average original asking price of these homes was $656,203. The range of final selling prices was from a low of $164,500 to a high of $1,300,000. Of the 46 homes that sold (17 of which were distress sales) 6 sold at their original asking price and 6 sold over.  All others sold for less. It took these homes an average of 105 days to sell. To see all the homes that are currently available for sale through our MLS click here. To see some of the fun things to do in the area, click here. To learn more about this area search more around this blog, visit my website or contact me directly.
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By Sylvia Barry, Marin and Sonoma Real Estate Leading Expert
(Coldwell Banker Previews International (#1 Marin_Sonoma_San Francisco_North_Bay))
  I have to admit that I was slow in updating the market statistics, and for that matter, blogging as a whole.  Last time I updated the statistics was end of May.  This summer has been hectic serving sellers and buyers; not to mention my young son's graduation from high school and starting college at Cal.  An exciting adventure and bright future in front of him :-) Back to business - Novato real estate market stayed soft during the summer, with July being one of the slowest months in recent history even with record low interest rates from Conforming, Super Conforming through Jumbo loans.    Some speculations are that there was a surge of purchases right before April 30th to take advantage of the Federal Tax Credit so there is less buyers now; buyers are waiting for new Federal Tax Credi...
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By Kyle Frazier, Kyle Frazier , CRS & Marin CA Realtor
(Christie's Great Estates | Pacific Union International)
The Landing at Hamilton | New Homes Community | Southern Novato, California -- we are excited to announce that our model homes are open. Sales Office Hours: Friday 12:00 a.m. to 3:00 p.m. Saturday & Sunday 1:00 p.m. to 4:00 p.m. * Call (415) 350-9440 for Holiday hours or private appointment Below are numerous pictures and a virtual tour of the models. The view up Audubon Court, Novato. These are the three model homes. Hamilton Field, Novato's final residential development, is a secluded enclave of luxurious homes reflecting timeless style and contemporary conveniences. These thoughtfully designed homes focus on sophistication, beauty, and community. Residents will enjoy spacious and refined interior spaces, along with the peace of mind associated with living in such a charming neighborh...
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By Kyle Frazier, Kyle Frazier , CRS & Marin CA Realtor
(Christie's Great Estates | Pacific Union International)
LinksThe Landing at Hamilton Field WebsitePhoto GalleryParcel 11 (Bottom Middle)DescriptionModels Open Wednesday, Thursday, Friday 11:30 a.m. to 2:00 p.m. Saturday & Sunday 1:00 p.m. to 4:00 p.m. Fabulous new home with extraordinary Master Suite (incorporating large Retreat with fireplace), Bed and Bath down, Great Room configuration, and approximately $35K in upgrades included in price. October move-in (act now - choose your finishes). The Landing at Hamilton is a premier community of 27 high-quality new homes adjacent to open space and an easy walk to parks, trails, pool, and more. Model homes open now.FeaturesBedrooms: 4Bathrooms: 3Parking Spaces: 2Year Built: 2010Subdivision: The Landing at HamiltonLot Size: 5773Garage Size: 2-Car AttachedSchool District: NovatoSquare Footage: 3073A...
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By Kyle Frazier, Kyle Frazier , CRS & Marin CA Realtor
(Christie's Great Estates | Pacific Union International)
The Novato, California real estate market continues its solid year. We had 33 trades last month. What is impressive is the fact that average sales prices are up and average price per square foot are up. The average sales price of Novato homes in July 2010 was $692,508 (up from $644,778 the month before). These homes averaged 106 days on market, were about 2,052 sq. ft., and averaged $320 per square foot (up from $306 sq. ft. in June 2010). Novato's price per square foot has hovered between 3-5% of $300 for a year now - in my mind, we are seeing the gradual recomposition of the market in the era of the "New Normal." Prices are holding steady, particularly in the entry level and move-up price bands. This is good news for buyers and sellers alike. Moreover, historically low interest rates,...
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By Kyle Frazier, Kyle Frazier , CRS & Marin CA Realtor
(Christie's Great Estates | Pacific Union International)
  THE LANDING AT HAMILTON OPENS SALES OFFICE 27 Exclusive Homes Attract Very Strong Interest as Final Neighborhood of Novato's Prestigious Residential Development Nears Completion NOVATO, Calif. (August 19, 2010) – Pacific Union International (PUI) announced today the opening of the sales office for The Landing at Hamilton on August 22.  With one home sold and very strong interest in the first phase of five homes, which are nearing completion, The Landing at Hamilton is Novato’s newest luxury single-family community and the final residential community to be built in Hamilton Field. The Landing  is being developed by Barker Pacific Group and sold exclusively by Kyle Frazier, Broker Associate at Pacific Union. The first phase of five homes will be ready for occupancy in Fall 2010. "There ...
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By Kyle Frazier, Kyle Frazier , CRS & Marin CA Realtor
(Christie's Great Estates | Pacific Union International)
Opportunities for shopping and recreation in and around Pointe Marin in Southern Novato are virtually limitless.   Pacheco Plaza on Ignacio (just West of HWY 101) has a number of restaurants, shops, and services, including: La Coppa Coffee & Tea Paradise Foods Subway Boca Pizzaria & Wine Bar Taki Japanese Restaurant  Bank of Marin Clothes Fit Alterations Crystal Nail Salon Curves Fabulous Framers Face Value Joseph's Shoes & Repairs Marin Eye Care Natalie & Daria's Flowers Pacheco Dry Cleaning UPS Store Also nearby is the Marin Country Club (golf, tennis, pools, and gym) and the Indian Valley Campus of the College of Marin. My name is Kyle Frazier. I am a broker with Pacific Union Int'l Realtors and resident of Pointe Marin. I would be happy to talk with you about Southern Novato.
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By Kevin McGinnis, Marin County Luxury Homes Expert
(Golden Gate Sotheby's International Realty)
Homes in southern Novato - Hamilton, Pointe Marin:  The first half of 2010 saw a resurgence of sales activity in southern Novato's 94949 zip code. Sales of single family homes jumped 68% over the same period in 2009, from 34 to 57 sales. From April through June of this year (2nd Quarter), southern Novato sale prices were flat when compared to the same period last year, although in Hamilton the average sale price rose 6.24%.  In Pointe Marin/Rowe Ranch, the price per square foot increased 6.2% over the second quarter of last year.   Here are all the closed sales from the 2nd Quarter of 2010:  Pointe Marin/Rowe Ranch Property                 Bd/Ba        Sq Ft             Sale Price 87 Oak Grove Dr.     3/2.5        2,608             $685,000   66 Hollyleaf Wy.       3/2.5        2,183   ...
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By Kevin McGinnis, Marin County Luxury Homes Expert
(Golden Gate Sotheby's International Realty)
Home for sale in Hamilton, Novato! We just listed 14 Balboa Ct. today in Hamilton's desirable Bayside neighborhood. Well priced at $619,000. This is a sought-after "regular" sale, so you can move in quickly! 14 Balboa Ct. is a Plan 4 Hamilton Bayside home in a prime cul-de-sac location. The home has a dramatic 2-story entry with a gorgeous staircase. There is a formal living room and dining room. It has a large eat-in kitchen opening to a family room with fireplace. The inviting backyard is landscaped with a big lawn and patios for entertaining.  Features: 4 bedrooms/ 2.5 baths 1,922 sq ft (approx.) 2-car garage Hardwood floors Spa-like master bathroom Central air Live the Hamilton Novato lifestyle! Within this community there are trails, a library, cafe, parks and the newly renovated H...
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By Sylvia Barry, Marin and Sonoma Real Estate Leading Expert
(Coldwell Banker Previews International (#1 Marin_Sonoma_San Francisco_North_Bay))
Novato is famous for horse properties; along with that, a few reputable Equestrian Centers. Morning Star Farm is on the way to the two listings I have on Vineyard Road. Another nice area with horse properties, hills, trails for hiking, biking, horseback riding.. Gorgeous setting.  This is also on the way to my two listings ( www.2424VineyardRD.com  and www.2463Vineayrd.com on Vineyard, also famous for horse properties with another equestrian center at the end of Vineyard.
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By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of August 6, 2010 34% of available listings in Novato are in escrow. For the month of July 2010 44 homes sold in Novato for an average final selling price of $543,931. The average original asking price of these homes was $576,930. The range of final selling prices was from a low of $175,000 to a high of $1,252,000. Of the 44 homes that sold (19 of which were distress sales) 3 sold at the original asking price and 12 sold over the original asking price. It took these homes an average of 116 days to sell. To see my active listings click here. To see everything that is currently available for sale through our MLS, click here. For more information about this area search around this blog, vist my website or contact me directly.
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By Kevin McGinnis, Marin County Luxury Homes Expert
(Golden Gate Sotheby's International Realty)
At our weekly sales meeting this morning (August 5), our in-house mortgage broker, Andy Shine of Terra Mortgage Banking, told us all about the fabulous rates she is seeing.  Can you believe 4.25% on a 30-year fixed loan up to $729,750??  Andy has been in the mortgage business for more than 20 years and she says she has never seen rates this low. At that interest rate, it almost doesn't make sense to be in the lending business!  But in business they are! These terrific rates come after the hand-wringing last winter that rates were headed higher.  The theory was that when the federal government stopped buying mortgage-backed securities in April, rates would spike.  Obviously that didn't happen and we're enjoying the increased buying power while we can. So while interest rates will inevita...
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By Kyle Frazier, Kyle Frazier , CRS & Marin CA Realtor
(Christie's Great Estates | Pacific Union International)
Southern Novato's Country Club and Pointe Marin neighborhoods are proving extremely desirable to buyers of Novato real estate so far in 2010. Below is a breakdown of all homes that have sold, are on the market, in escrow, or have expired so far in 2010. Kyle Frazier is a broker and realtor with Pacific Union International. He is also a Certified Residential Specialist (CRS) and Certified Luxury Home Marketing Specialist (CLHMS). We know of no other Novato realtor (or Marin County realtor, for that matter) can lay claim to these two very difficult certifications which require BOTH superlative sales results (before joining Pacific Union, Kyle was the Number 1 agent for Frank Howard Allen's Novato office) and extensive training. Kyle is also a former attorney and will represent your intere...
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By Kyle Frazier, Kyle Frazier , CRS & Marin CA Realtor
(Christie's Great Estates | Pacific Union International)
South Gate at Hamilton Field in Novato, CA is a special place. Rarely do homes come on the market and for the most part, they tend to sell fairly quickly. Below is a chrat showing all sales and active listings in South Gate at Hamilton Field so far this year, broken down by street. South Gate Home Sales & Activity -- 2010 (July 30, 2010) Presidio Drive Address / Plan Active Date Contingent Date Sold Date Current (Last) Price / Original Price Sold Price Notes No Activity Maybeck Street Address / Plan Active Date Contingent Date Sold Date Current (Last) Price / Original Price Sold Price Notes 30 Maybeck / Plan 4 4/4/10 4/21/09 6/25/10 698,000 / same 740,000 2,791 sf; multiple offers 94 Maybeck / Plan 3 1/4/10 1/15/10 3/5/10 $842,000 $830,000 2,970 sf; Accepted K in 11 days Emerson Avenue ...
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By Kevin McGinnis, Marin County Luxury Homes Expert
(Golden Gate Sotheby's International Realty)
We're all looking for positive signs in the housing market, so I'm happy to report a double dose of good news: Both Novato home prices and home sales are up year over year. Prices of single-family homes rose 5% in the second quarter of 2010 (April 1-June 30) when compared to the same period last year. Sales were up a strong 25%. As you can see in the bottom chart, the average Novato single-family home sold for $535,942 in Q2 of 2010. In Marin County as a whole, prices were up 11% over the second quarter of 2009 and sales were up an impressive 59%. In Q2 of 2010, the average sale price in Marin County was $950,859; the median price was $725,000. What's happening with sales in your neighborhood? Contact us for a free market analysis. Team Kevin & Spiro Kevin McGinnis 415.725.1911 Spiro St...
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By Kevin McGinnis, Marin County Luxury Homes Expert
(Golden Gate Sotheby's International Realty)
$1,099,000 7 W Barberry Place in Novato's Pointe Marin neighborhood 2nd public open house: Sunday August 1, 1-4 p.m. TAKE A VIRTUAL TOUR Immaculate! Rich, high-end finishes, ready to move in. Four-bedroom home + loft & study w/ 4.5 bathrooms. Tax records show 3,853 sq ft. of living space; .217 acres lot size. Premium cul-de-sac location w/ spacious, level backyard and views of the hills. Dramatic foyer with 2-story entrance and tumbled travertine floors. Ideal floor plan for today's buyer: Downstairs there is a bedroom and study, formal living room and dining room and a large, open floor plan family room/kitchen/breakfast area opening to backyard. Huge kitchen island with seating too. Other features include: Butler's pantry 3 car tandem garage; level-in to house for ultimate convenience...
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By Kyle Frazier, Kyle Frazier , CRS & Marin CA Realtor
(Christie's Great Estates | Pacific Union International)
The Novato, California real estate market continues its torrid year with 49 sales in June — up from 38 sales in May 2010. The average sales price of Novato homes in June 2010 was $644,778. These homes averaged 98 days on market, were about 2,162 sq. ft., and averaged roughly $306 sq. ft. Novato’s price per square foot has hovered between 3-5% of $300 for a year now — in my mind, we are seeing the gradual recomposition of the market in the era of the “New Normal.” Prices are holding steady, particularly in the entry level and move-up price bands. This is good news for buyers and sellers alike. Moreover, historically low interest rates and added sales are giving buyers adequate impetus to make their move. Below are the percentages of homes in escrow in each of Novato’s major price bands:...
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By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of July 6, 2010 34% of available listings in Novato are in escrow. For the month of June 2010 a whopping 64 homes sold in Novato for an average final selling price of $556,910. The average original asking price of these homes was $582,601. The range of final selling prices was from a low of $120,000 to $1,400,000.  Of the 64 homes that sold (22 of which were distress sales) 4 sold at their original asking price and a whopping 18 sold over their original asking price. It took these homes an average of 97 days to sell. To see everything that is currently available for sale through our MLS click here. To learn more about this area search more around this blog, visit my website or feel free to contact me directly.
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Novato Open House - July 11 If you are looking for a Marin County Horse Property one of the best buys will be available for viewing July 11 from 1 to 4 PM.  The wooded back yard with the flowing creek has been described at Park Like and the pool is really nice on Hot Summer Days. The owner has told me to bring all offers. With the weather getting nice this pool home with a back yard that feels like a Park will sell. Get your offer in first. This Marin County Horse Property is in Novato's Wild Horse Valley featuring a horse community and many riding trails. Although this Marin County Horse Property has not been used for horses in many years it still can be. And at an amazing price of $770,000.00 you can easily put in your own stables or stable your horses up the street. You get so much m...
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