Novato, CA Real Estate News

By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
During the month of January 2007, 6 homes sold in Sausalito after an average of 148 days on the market.  These homes had an average original list price of $1,316,167 with an average final selling price of $1,034,167.  All of these homes sold for less than their original asking price.As of February 5, 2007 21% of available Sausalito listings are in escrow indicating a Buyer's Market.
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By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
During the month of January 2007, 28 homes sold in Novato after an average of 107 days on the market.  The average original list price was $691,707 with an average final selling price of $638,821.  Of the 28 homes that sold, only one sold for the original list price.  All others sold for less.As of February 5, 2007 21% of Novato listings are in escrow, indicating a Buyer's Market.
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By Kyle Frazier, Kyle Frazier , CRS & Marin CA Realtor
(Christie's Great Estates | Pacific Union International)
Novato is the northernmost town in Marin County, California.  It has a rich history and began as Rancho de Novato, a Spanish land grant given in 1839 to Fernando Feliz. per. Olompali State Historical Park just north of the city is where a panorama of history unfolds in a single afternoon. It's named for a key Miwok settlement, the location of the only battle of the Bear Flag Revolt leading to California's statehood, the setting for Marin's first formal garden, and a hippie commune in the 1960s. Incorporated in 1960, Novato is Marin's fastest-growing city, embracing new residential development and commerce. Novato's latest additions include Fireman's Fund headquarters, the county's largest employer; the huge Vintage Oaks shopping mall; Hamilton Field, where a residential and retail compl...
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By Kyle Frazier, Kyle Frazier , CRS & Marin CA Realtor
(Christie's Great Estates | Pacific Union International)
  The numbers (sales and prices) so far this year in our zip code tell a different story than that put out by the national media. After all, this is Marin and people want to live here. Right now there are 69 properties on the market. Last month 12 properties sold and another 15 are in contract and likely to sell (e.g., pending properties). Thus, there is about 4 months’ inventory in our zip code—which is very healthy (we worry when it gets over 6-7 months). If you are thinking of moving, price your home right and spruce it up—it will sell. Although buyers are being picky, it is a great time to buy and they are doing just that.  
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