Novato, CA Real Estate News

By Sylvia Barry, Marin and Sonoma Real Estate Leading Expert
(Coldwell Banker Previews International (#1 Marin_Sonoma_San Francisco_North_Bay))
A comparison of Novato Real Estate Market between March 4, 2009 and November, 2008.  A lot has happened since November, 08, and the market reflects some of that.  Novato Real Estate Market statistics stays pretty flat with a few big gain in percent pending - under $500K starter single family homes had a gain of 10% to a strong sellers market at 51% pending; the midrange, properties between $700K and $800k enjoyed an 8% increase in pending.  The total now reach 27%, moving towards the right direction.  The Biggest gais are the over $1,25M market - One thing to keep in mind is that due to the very small volume of the homes avaialbe, a house or two sale makes a huge difference percentage wise.  The ratio is held steady by dwindling inventory - overall inventory dropped by another 20%, fro...
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By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of March 6, 2009 an encouraging 35% of available listings in Novato are in escrow. For the month February 2009 21 homes sold in Novato for an average final selling price of $590,429.  Oddly similar to Larkspur and Greenbrae. The range of final selling prices was from a low of $135,000 to a high of $1,400,000. Of the 21 homes that sold, 3 sold over their orignal asking price with all others selling for less. It took these homes an average of 141 days to sell. To see more recent sales history for Novato and the surrounding areas, click here. To see all homes that are currently available for sale, click here. To learn more about the area visit my website or contact me directly.
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By Kyle Frazier, Kyle Frazier , CRS & Marin CA Realtor
(Christie's Great Estates | Pacific Union International)
If you follow my writings, you know I am a big fan of Novato's Hamilton Field. With newer homes (which are relatively low maintenance), friendly atmosphere, lots of amenities, easy proximity to shopping, dining, and public transportation (even to San Francisco), it is truly an idyllic fit for many. And with the reduced commute times now that the HWY 101 widening project is largely complete, the Souther Novato location is in high demand.   Because of the easier commute and increased affordability, interest is very high. Hamilton Landing, the award winning business park created and effectuated by Barker Pacific is fully leased -- that fact translates to lots of jobs right there in Hamilton. In addition, Hamilton Plaza was recently completed and contains a monster,  deluxe Safeway (with ga...
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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))
The following announcement was sent by San Marin Improvement Association, inviting residents to participate in a meeting with ‘Commons Collaborative', concerning the ‘Commons at Mt. Burdell' Project. Time: 7pm, Monday, March 2nd Location: All Saints Church, 2 San Marin Drive, Novato.  Meeting Objective:    The proposed Commons at Mt. Burdell mixed-use development would eventually add approximately 750,000 square feet to an existing the 710,300 square foot Fireman's Fund site (3 four-story office buildings).    Phase 1 of new development would convert existing surface parking on the east side of the site to a 170 room hotel with a sports club and spa, first-floor retail space with 150 apartments above, and parking structures.  Phase 2 eventually would add two new 250,000 square foot offi...
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By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of February 7, 2009 an encouraging 33% of available listings in Novato are in escrow. For the month of January 2009 33 homes sold in Novato, for an average final selling price of $486,076. The average original asking price of these homes was $538,340. The range of final selling prices for these homes was from a low of $171,000 to a high of $1,850,000. Of the 33 homes that sold, 1 sold at their original asking price, 10 sold over their original asking price and all others sold for less. A whopping 24 of these 33 homes were distress sales.  (This is a somewhat alarming trend.) It took these homes an average of 119 days to sell. To see all homes that are currently available for sale, click here. For more information about this area visit my website or contact me directly.
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By Kyle Frazier, Kyle Frazier , CRS & Marin CA Realtor
(Christie's Great Estates | Pacific Union International)
Below is a 90-day rolling average of price and inventory. As you can see, over the past 9-months median prices have dropped over $80K in Novato. Although inventory is down pursuant to the seasonal cycle, the number of homes for sale will rise quickly after the Super Bowl and through June. If you have any questions about the Novato, California real estate market or any homes for sale, please call. It is always my pleasure to be of service. -Kyle Kyle Frazier, CRS Broker Associate Frank Howard Allen Realtors Kyle@Novato101.com (415) 350-9440
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By Kevin McGinnis, Marin County Luxury Homes Expert
(Golden Gate Sotheby's International Realty)
The "Real" State of Real Estate: A FREE Seminar detailing what you need to know about the Novato Real Estate market in 2009   Date: Saturday January 31, 2009Time: 11:00-12:30Location: Optimal Learning Ceenter120 Landing Ct. Novato (off Redwood Bl.) Good time to buy? Low rates enticing buyers? How will the Hwy 101 project affect home sales? The headlines are full of mixed messages, generalizations and even bad information. We'll cut through the noise to bring you market realities, including why this is a unique time in history for Novato real estate.  Learn how the market affects you, whether you own, rent or may buy or sell in the future. PLUS: 5 ways to sell your house for more money in 2009. Presented by Kevin McGinnis and Associates of Frank Howard Allen Realtors. Featured speakers ...
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By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of January 13, 2009 an encouraging 26% of available listings in Novato are in escrow. For the month of December 2008 47 homes sold in Novato for an average final selling price of $513,828. The average original asking price was not available as one of the listings that should have been loaded at an asking price of $439,000 was loaded at $43,900,000.  Worth noting, this particular listing sold for $467,000. The range of final selling prices was from a low of $161,500 to a high of $1,300,000. Of the 47 homes that sold, 6 sold at their original asking price and another 6 sold over their original asking price. 27 of the 47 homes were distress sales. It took these homes an average of 126 days to sell. To see everything that is currently available for sale, click here. To learn more about t...
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By Kevin McGinnis, Marin County Luxury Homes Expert
(Golden Gate Sotheby's International Realty)
Kevin McGinnis and Associates of Frank Howard Allen just sold another Novato home. This time it was 712 Del Mar Avenue, a custom-built Cape Cod-style home on a beautifully landscaped lot. It featured four bedrooms, two baths and a gourmet kitchen with oversized island. As part of his outstanding Novato real estate service, Kevin had the home professionally staged by Picture it SOLD! Home Staging so it would stand out among its competitors in this "crowded" marketplace. He also provided professional, wide angle photographs of the property, which are so critical in the successful marketing of a home. According to the National Association of Realtors, 87% of buyers begin their home search online. So, having quality photos - and lots of them - is more important than ever in attracting poten...
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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))
As is the tradition of the San Marin High School in Novato, Marin County (famous for eCO friendly and environmental mind); the San Marin SafeGrad committee is running the annual Christmas Tree Recycling Program while rasiing money for our 2009 Graduates. For two weeks after Christmas, San Marin High community members; consists of students, parents, other community supports; and the Novato Disposal Inc. joined force once again to recycle Christmas Trees for local residents.  This has become an annual event for many locals and my company, Frank Howard Allen, has become the third partner in this endeavor since 2007, I am pleased to say! Novato Disposal provides giant dumpsters through those two weeks and the San Marin SafeGrad committee provide labor for Novatons to either drop off or pick...
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By Kyle Frazier, Kyle Frazier , CRS & Marin CA Realtor
(Christie's Great Estates | Pacific Union International)
Projects associated with Novato's Hamilton Field continue to rack-up recognition -- Hamilton Landing (a robust business hub now occupying the former hangers (circa 1930) of the Hamilton military base) and Hamilton Marketplace (a diverse new shopping center with a mega-deluxe-Safeway (and associated gas station), Peet's, Starbucks, Jamba Juice, banking, restaurants (still to come), pet supplies, and more) were named “Top Projects in the North Bay” by the North Bay Business Journal. Both feature unique architecture and green building elements. Hamilton Marketplace also incorporated solar power.  Barker Pacific Group acquired the Hamilton hangers almost a decade ago and has shepparded the renovation of the hangers to fruition. It is now a bustling business center occupied by media entitie...
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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))
Dogbone Meadows Dog Park in Novato, Marin County, located en route to Stafford Lake and West Marin, is probably the best dog park in Marin County, or maybe even California.  Dogs often bring their people when they are on the way to the beaches. Built by dog loving people (or shall we say, slaves of dogs), the property is around 1 acre, with tracks for dogs and human alike, and toys for dogs only.  The backdrop is Open Space, part of O'Hare Park, great hiking, horseback riding trails. This is a morning with unusual heavy fog from West Marin, a beautiful background for the dog park.  Duke (black, rescued from 2nd Chance Rescue) and Hunter (Golden) love to come here in the morning - Duke, after dropping his brother off at local high school, and Hunter, after dragging his mom for his daily ...
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By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of December 6, 2008 an encouraging 30% of available listings are in escrow. For the month of November 2008 42 homes sold in Novato for an average final selling price of $494,750. The average original asking price of these homes was $540,632. The range of final selling prices was from a low of $145,000 to a high of $959,000. It took these homes an average of 109 days to sell. Of the 42 homes that sold, 7 sold at their original asking price, 10 sold over their original asking price and all others sold for less.  25 of the 42 homes were distress sales. For more information about this area 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))
This is Duke (adopted from Second Chance Rescue six years ago) running around in the Open Space (Marin County term - meaning land reserved by local government, groups, individuals, etc where nobody can build on) on Mount Burdell behind Partidge Knolls neighborhood in Novato, CA He goes nuts when he is out there having the time of his life everytime :-)  
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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))
There are so much talent in Novato, the north most part of Marin County, San Francisco North Bay area.  Drama, Music, Theater, Band, Choral, Dance, Visual Arts, Creative Writing, and much, much more.. One of the driving force in fostering the interest and young talent is the years-in years-out devotion of the teachers at San Marin High School Music Department; especially the dedicated Mrs. Emily Gates, who was the long term music director at San Marin High, and has recently cut down on her service, but is still the major force, beloved teacher and guidance at the music department. One of the events Mrs Gates started and has become an annaul tradition and one of the most anticipated events is the Madrigal Feast in December and this year is no exception..... Following is the Press Release...
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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))
The benefit of being an active member of the neighborhood San Marin Improvement Association; we are always invited in the discussion of local developments.  Two important neighborhood development meetings I have attended this year are 200 San Marin Drive (Across from San Marin Plaze (South East corner of San Marin Drive and San Andrea Drive), and the new 'Commons at Mt. Burdell' development (sited at Fireman's Fund site - see BLOG Below for details)  As a follow-up to the meeting, and as development on the project advances, we are also invited to another neighborhood meeting hosted by Mr. John Chamberlain, CEO of the American Assets. Please make sure you attend the meeting to find out what progress has been made and what the future plans are for the site. See Invitation Below.     The C...
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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))
June Meeting Minutes at the Commons at Mt. Burdell (Fireman's Fund site) Project Want to post this before the follow up meeing in December. Background - I attended the June 17th 'Commons at Mt. Burdell' Development Meeting for San Marin neighbors by Mr. John Chamberlain, CEO of American Assests, developer of the FFIC Site, about the proposed plan for their new project for the site.  I attended the meeting as a member of San Marin Improvement Association (SMIA) as well as a concerned Realtor who lives close to the project site and a previous Fireman's Fund employee.  I have a vast interest in the project, for me, for my neighbors, for my friends and for our local community.   I was probably the only one from SMIA, while most others were residents across from FFIC.  Since this will have ...
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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 Real Estate Market statistics stays pretty flat overall with a small 4% increase in pending sales compare to a month ago on September 24.  The ratio is held steady by dwindling inventory - overall inventory dropped by another 10%, from 370 to 348; again due to more pending sales and either sellers taking properties off the market or waiting for the market to move upwards before they sell.    The highest increases in pending sales again, is the starter single family homes priced under $600K, with up to $500K at 41% and $500K to $700K at 30%; mutual to slightly sellers market - mostly fixers, REOs (bank owned), short sales, all bargains from one or two years ago.  This is a great time to buy, with bargains abound, whether it's in Novato, San Rafael or Southern Marin.  Bank owned h...
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By Kevin McGinnis, Marin County Luxury Homes Expert
(Golden Gate Sotheby's International Realty)
I happened to run some numbers for home sales in Novato the other day, comparing October, 2007 to October, 2008.  I was astonished at a number I found.  In 2007, Novato's average price for a single-family home was $790,550.  This year, that number fell to $739,359, representing a 6.5% decline.  Average days on market stayed exactly the same year-over-year at 113. But the number of homes sold really surprised me.  In October, 2007, 20 single-family homes changed hands.  This year, it was 36, or an 80% increase over last year! Of course, the lower end of the market is leading the way and more expensive homes remain a tough sell.  But clearly investors believe we're at a great time to buy and have stepped up to the plate.  While I knew sales were up, I had no idea that number was as high a...
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By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of November 6, 2008 an encouraging 30% of available listings in Novato are in escrow. For the month of October 2008 63 homes sold (another encouraging number) for an average final selling price of $553,776. The average original asking price of these homes was $607,177. The range of final selling prices was from a low of $140.000 to a high of $1,900,000. Of the 63 homes that sold, 4 sold at their original asking price and a whopping 18 sold over their original asking price-29 were distress sales. It took these 63 homes an average of 103 days to sell. For more information about this area visit my website or contact me directly. To see everything that is currently available for sale click here.
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