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))
                                                                   Novato Real Estate Market Trend, June 25, 2008 As can see from the list below, the entry level Novato homes are enjoying a high percentage of pending sale than two weeks.  With the starting home price drops in Novato, and the avaiability of Short Sales and Bank Owned (REO) properties on the market, the first time homeowners and investors are out looking and actually buying.  Several nicely priced mid range and higher end homes ($800K and up) are quickly claimed by ready buyers at the beginning of the summer housing season; a great time to shop and move.  One reason of seeing increasing inventory, higher DOM (Days on Market) and higher pending rate is houses take longer to get out of pending status due to the much longer ...
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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))
Interesting Market Trend since April 30, 2008 As there are more Short Sales and Bank Owned (REO) properties on the market, the trend is driving prices for short sales and REO properties downwards; attracting bargain hunters while higher end properties move slower and more cautiously.    Coupled with the new programs since the announcement of the new Jumbo Loan limits, the consumers are out shopping again and will not wait when the right property comes along.  Instead of two loan threasholds, conforming (up to $417,000) and Jumbo (over $417,000); there are now three brackets - Conforming (up to $417,000), Super Conforming (between $417,000 and $729,250) and Jumbo ($729,250 and up).  The consumers are certainly taking advantage of that!  For the lower end properties, some borrowers are c...
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By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of June 7, 2008 25% of available listings in Novato are in escrow. For the month of May 2008 34 homes sold in Novato for an average final selling price of $715,276. The average original asking price of these homes was $798,264. The range for final selling prices was from a low of $280,500 to a high of $1,310,000. It took these homes an average of 105 days to sell. Of the 34 homes that sold 4 sold at their original asking price and all others sold for less. For more information about this area visit my website or feel free to contact me directly.
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By Renee Adelmann
(Marin Modern Real Estate )
Looking for something fun to do in Novato?   If live musical performances, boutique shopping, and feasting on local delecacies (food, wine and beer), then mark your calendars for the 25th Novato Street Festival in Marin County. The Novato Chamber of Commerce will be hosting their annual street festival June 7-8m 2008.    This special event will feature more than 200 exhibitors offering the best of local art, wine and music (including some great bands from the 80's - The English Beat + Bonnie Hayes).     Families will also enjoy this Marin street festival which will include family-friendly events such as a petting zoo, pony rides, train rides, face painting, games, and much more.  Event and venue details are as follows: WHAT:   25th Annual Novato Street Festival WHEN:   Saturday, June 7t...
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By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of May 10, 2008 20% of available listings in Novato are in escrow. For the month of April 2008 an encouraging 46 homes sold in Novato, for an average final selling price of $594,460. The average original asking price of these homes was $636,218. It took these homes an average of 96 days to sell. Now here is where it gets interesting:  Of the 46 homes that sold, 5 sold at their original asking price and a very encouraging 9 sold for more than their original asking price.  Looks like people have been reading CNNMoney.com.  For more information about this area visit my website, or feel free to contact me directly.
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By Mark Lomas, Experience You Can Count On!
(Santa Barbara Real Estate)
87 Portsmouth Drive in Novato, California!  Located in the prestigious "Sunny Cove" community in Southern Novato. This elegant 4 bedroom 3 and 1/2 bath home has it all! Over 100K in upgrades.  Backs to open space. Open Sunday April 20th, 2008 from 1 to 4pm.   Truly the "Jewel" of the neighborhood!  This is the one you've been waiting for!  Sophisticated four bedroom and two and one half bath home with many upgrades, and designer touches.  This home has a warm inviting quality with a well thought out floor plan that flows out onto a private flagstone patio surrounded by lush landscaping.  A fountain completes this wonderful outdoor setting!Offered for $825,000For more information contact the listing agent, Kirsten Wolfe at MarinRealEstate@gmail.com and check out the video!
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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 am fortunately enough to be one of San Marin High School (Novato, Marin County, CA) Robotics Club, Penguin Empire team's mentors.  This rookie team won the 2nd place in the First Robotics Compeitition (FRC) Davis Regional event in March, 2008; an exciting event - Check out the Video. The chief mentor, Dave, in search of inspriring Robotics videos for the students and mentors alike, came upon a video of this robot.  Thought you'd all love it.The Coolest Robot Ever! is the title of the email from Dave; and I would have to agree with him :-)   Duke would want one.  
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By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of April 5, 2008 only 21% of available listings in Novato are in escrow.For the month of March 2008 45 homes sold in Novato for an average final selling price of $705,528.The average original asking price of these homes was $769,364.It took these homes an average of 108 days to sell.Of the 45 homes that sold, 4 sold at their original asking price and 1 sold over.For more information about this area, visit my website, or feel free to 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))
Novato Real Estate Market Overview, Week of March 19, 2008It's been almost two months since I last posted the market statistics for the Novato Real Estate Market (part of Marin County).  There is a noticeable improvement on the market - Other than a couple of price ranges, most of the others increased sales pending percentage anywhere form 10% to 20% increase in sales for various price range even as the inventory has grown.  My office reported an active March, a lot of buyers out there looking for 'bargains' in Marin county, and Novato is where  you will find it!We are Optimistic! Want to know the market statistics or go out and see a house or tow?  Just give me a call!categoryTotal Units/In Escrow% Active% PendingAll SFD's and CID's376/8278%22%SFD's264/4981.5%18.5%CID's112/2271%29&  $0...
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By Scott Dovala, Santa Rosa Mortgage and Home Loans
(Ascent Home Loans)
  As a National Mortgage Banker, Ascent Home Loans has provided innovative lending solutions for over 10 years. With our state of the art technology, I can give you quick loan decisions when you need to refinance, or fast pre-approvals that will give you that edge when negotiating for a new home. At Ascent Home Loans of Santa Rosa CA, I want to help you make the right choices when it comes to selecting the correct mortgage for you and your family. How do I do this?  I listen to my clients. With the right questions being asked, a client can provide a wealth of information on their future home loan and investment needs. I unlike other lenders, help you choose the right loan program that best fits your needs, not ours. Now, I can be like other every other mortgage company and tell you we h...
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By Scott Dovala, Santa Rosa Mortgage and Home Loans
(Ascent Home Loans)
With less than 30 days left until April15th, many Novato homeowners are scrambling to get their paperwork together for their tax preparer appointment. In all the frustrated and anxiety filled moments before the meeting, many homeowners may forget a few of the tax deductions they may be allowed. As a reminder, here are just a few that may help you with your income taxes this year. Be aware that before you make any of these deductions, you need to speak with a tax professional first before doing so. 1. PMI - Private Mortgage Insurance is an extra insurance that lenders require when a homeowner puts less than 20% down payment on a home. in essence, lenders would prefer an 80% Loan-to-Value, however those borrowers with an LTV higher than 80% must pay an insurance premium each month. But th...
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By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of March 8, 2008 22% of available listings in Novato are in escrow. For the month of February 2008, 26 homes sold in Novato for an average final selling price of $662,735. The average original asking price of these homes was $744,147. It took these homes an average of 104 days to sell. Of the 26 homes that sold, 2 sold at their original asking price and 2 sold over. For more information about this area, visit my website, or feel free to contact me directly.
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By Scott Dovala, Santa Rosa Mortgage and Home Loans
(Ascent Home Loans)
With the new stimulus package being nearly passed by the President, now is the time to start thinking about refinancing out of those higher interest option arm rates or purchasing a new home. We all know how California has suffered through this housing slump, mainly because of our higher median home prices. The majority of Californians could not even think about refinancing their homes due to the fact that our homes are still to far above the conforming loan limit of $417,000. While we sat and watched many parts of the country such as the Midwest and Southern portions of the US refinance into lower conforming rates, we were basically held hostage by the secondary markets where loans are bought and sold. Since the credit crisis became news, the secondary market has virtually closed down ...
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By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of February 2, 2008 18% of available listings in Novato are in escrow.For the month of January 2008 only 14 homes sold in Novato, for an average final selling price of $661,143.The average original asking price of these homes was $750,571.It took these homes an average of 133 days to sell.Of the 14 homes that sold, all sold for less than their original asking price.To learn more about this area, visit my website, or feel free to 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))
Novato Market Overview, Week of January 23, 2008At 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! Buyer's Market    < 25% Neutral                  25% - 40% Seller's Market    > 40% categoryTotal Units/In Escrow% Active% PendingAll SFD's and CID's286/3486.4%13.6%SFD's206/287%13%CID's80/285%15%  $0 -$500K SFD14/379%21%  $500,001-$600K30/893.3%16.7%  $600,001 - $700K31/487%13%  $700,001 - $800K31/293.5%16.5%  $800,001 ...
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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))
My home town, Novato, the north most suburb in Marin county, just north of the Golden Gate Bridge, has just earned the distinction of the "Best Affordable Suburbs in California in 2007" from Business Week. We have lived in Novato for the past 10 years, and I can attest to the Marin IJ Article "Novato a 'besaffordable' town" When you drive towards Novato from 101, you will go through a section of 101 framed by breathtaking hills on both sides of the highway.  Then the hills open up to unveil Novato.Look around, there are open spaces all over with many hiking/biking trails, Rush creek is near by with dedicated marsh area for local birds and wildlife.  Indian Valley, Green Point, Black Point are all famous for the surrounding view and horse properties; Marin Country club has a warm micro c...
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By Sergio Musetti, Sacramento Spanish Notary Apostille Translation
(Sergio Musetti Apostille Notary Translations)
Mobile Notary Novato, Marin & Sonoma County 24/7 Mobile Notary Services, Spanish, Edocs, Novato, San Rafael, Cotati, Rohnert Park, Petaluma, Penngrove, Santa Rosa, Sebastopol. http://aSpanishMobileNotary.com Tel 800 314-9814
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By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of January 5, 2008 only 11% of available listings are in escrow, indicating a Buyer's Market.  Novato has been hit hardest of all Marin County cities, and this is where the best deals can be found. For the month of December 2007 32  homes sold in Novato for an average final selling price of $670,075. The average original asking price of these homes was $729,345. It took these homes an average of 98 days to sell. Of the 32 homes that sold, 3 sold AT the original asking price and 2 sold OVER. For more information about this area, visit my website, or feel free to contact me directly.
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By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of December 6, 2007 only 12% of available listings in Novato are in escrow.  That means that 88%, and growing, are available.  It is definitely a Buyer's Market in Novato.This current market is an excellent opportunity for buyers to get into Marin County.  Many of these sellers truly need to be rescued.  If you have been considering making a purchase, contact me and I'll assist you every step of the way.  (And, now, for the rest of my market report...)For the month of November 2007 33 homes sold in Novato for an average final selling price of $651,899.The average original asking price of these homes was $721,976.It took these homes an average of 104 days to sell.Of the 33 homes that sold, 5 sold AT their original asking price and all others sold for less.For more information on this ...
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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))
To Preserve north Novato, Marin, CA - we went to bat at the City Design Planning Workshop, and WE WON!!! Although I live in the immediate area, but I  got involved in San Marin Improvement Association (in Novato, CA) three years ago because of my son's high school wanted to be more community minded.  I was on the San Marin Site Leadership team in charge of PR plan and that's one of the steps we decided to take.  A small organization / watchdog for a pretty large neighborhood.    I only attended the meetings to start with and tried to get the high school involved in what SMIA is doing (Halloween Parade, Easter Egg Hunt, etc).  Then I started to get more involved.  A recent notice was brought to my attention where it said a developer who bought an empty lot right in the middle of San Mari...
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