Novato, CA

As of October 6, 2008 an encouraging 31% of available homes for sale in Novato are in escrow.

For the month of September 2008 69 homes sold in Novato for an average final selling price of $570,430.

The average original asking price of these homes was $638,773.

The range of final selling prices was from a low of $180,000 to a high of $1,350,000.

It took these homes an average of 127 days to sell.

Of the 69 homes that sold 5 sold at their original asking price and 9 sold over their original asking price. All others sold for less.

Of those same 69 homes a frightening 36 of them were distress sales.

For more information about this area visit my website or contact me directly.

To see all the homes that are currently available for sale search our MLS.

Novato's Rush Creek neighborhood is undeniably one of Marin County, California's, nicest and coveted neighborhoods. There is a lot to like. These luxury homes are newer, built in the past 10 years, and sit on giant parcels (generally, at least 1/2 acre). Many of these homes have pools and elaborate landscaping. The streets are wide and there is no through traffic. Rush Creek offers privacy and prestige.

Rush Creek's proximity to HWY 101 and a recently renovated downtown Novato with lots of great shopping, a farmers market, Trader Joe's, Whole Foods (set to open in the next few months), and various restaurants, is also desirable. Adjacent to the neighborhood is Rush Creek Open Space Preserve.

Homes in Novato's Rush Creek have dipped in price during 2008. So far this year, we have seen 6 sales, ranging in price from $1.1 million for a 2,779 square foot home on Saddle Wood to $1.465 million for a home down the street with 4,196 square feet. The rest sold between $1.18 million and $1.275 million.

For a list of current homes for sale, call Kyle C. Frazier, Marin Realtor & CRS, at (415) 350-9440.

Novato is a town in the northmost part of Marin County, CA. We are extremely proud of our musical talents/influences, educational system, talented students, dedicated teachers, caring parents and community members. As one of my friends describes Novato, this is a town with 'HUMANITY'. Living here, I have to say that I agree wholeheartly!

Out of the extraordinaty humanity, the love of music, the care for our public schools, the local music circle started the annual 'Rock and Blues by The Lake' all day fundraising event for public schools six years ago. The annual event is hosted at Stafford Lake, one of the most gorgeous backdrops for mucial performances.

The programs are geared towards whole family entertainment with three stages with big stage for the big bands, next to it, is the medium stage for local high school performers. At the other end of the park is a smaller stage for younger kids, individual performers, Battle of the Band, etc.

There are also many play structures for younger kids, as well as booths from public schools with activities to introduce young kids to music, drama, theater, drawing, etc.

The event is staffed mostly by volutneers from local PTSAs and boosters, with net proceeds going to public schools. Local musicians participated and local merchants donates both service and goods. The Rotary Club of Novato Sunrise, the club of Yours Truly, wiill be in charge of Parking at the site. Since inception the event has raised over $330,000 for local public schools.

This year's event is headlined by Three Eye Blind and Plain White T's; selection to endear both younger and older crowds. The event organizer expects sold out crowd.

Rock and Blues by the Lake Schedule

Hope to see you there - I will be parking cars from 9 - 12PM that day!

Past year's musicias include:

Journey

Sammy Hagar (resident of Mill Valley)

Jefferson Starship

Sylvia Barry, Realtor, ePRO
Marin Realtor for Marin Luxury Real Estate
Marin, Sonoma, ,San Francisco North Bay
Frankk Howard Allen Realtors
website: www.SylviaSellsMarin.com
Blog: www.AllAboutMarinHomes.com

SERVING MARIN, SONOMA, S.F. BAY AREA - FOR ALL YOUR REAL ESTATE NEEDS Beveldere, Corte Madera, Greenbrae, Kentfield, Larkspur, Marinwood, Mill Valley, Novato, San Anselmo, San Rafael, Sausalito, Tiburon; Cotati, Penngrove, Petaluma, Rohnert Park, Santa Rosa.

I just helped my Marin County home buying clients purchase this charming bungalow in Northern Marin located at 660 Sunset Parkway in Novato, California.

This well maintained 3 bedroom and 2 bathroom single-family property was built in '61 and has been well preserved by its owners. Close to schools, shopping and public transportation, this conveniently located home has an open and airy floorplan and great outdoor space for relaxing or entertaining. Fabulous upgrade potential for this midcentury home in Novato.

Sale price for 660 Sunset Pkwy was $445,000 and represents an excellent value for the area. Please contact me at 415-342-4537 if I can assist you with the purchase or sale of your home in Novato or elsewhere in Marin County, CA.

Learn more about Novato CA real estate or visit my Marin County real estate blog for additional information regarding the housing market in the San Francisco Bay Area.

Novato Real Estate Market statistics continues to inch upwards in overall sales percentage compare to two weeks ago on September 10,

The overall inventory dropped 10%, from 410 to 370, results of more pending sales and sellers taking properties off the market unless they 'have' to sell. Less inventory will have a positive effect on housing prices as there are less supply.

The highest increases in pending sales are the starter / investment homes - condo/townhomes and single family residences under $500K - mostly fixers, REOs (bank owned), short sales, all bargains from one or two years ago.

Both categories, with more than 50% sales, are now a 'seller's' market - or shall we say a 'bank/REO sellers's market. Some enjoy multiple offers, although not as much frenzy as when Marin was at the top of the market.

First time buyers, investors, people who relocated out of areas and want to move back, and the ones who could not afford before but would love to be in Marin are all taking this great opportunity of lower (and relatively affordable) home prices and lower interest rates to test the waters here in Marin.

Higher end homes are staying stale - difficulty in getting financing, uncertainly about the market, excessive inventory from sellers who do not have to sell ('not motivated') can hold the sales down.

My office, Frank Howard Allen Realtors in Novato, is buzzing with sales activities we have not seen in a long times, walk-ins, calls, showings, offers, inspections; a lot of activities which is putting great, positive energy into the office; and hopefully bringing the energy to all our clients!

Best, and stay tuned!

Give me a call at (415) 717-0293 or email me at sylvia@SylviaSellsMarin.com for inventories on the market, whether REO, Trust Sale, start home, luxury homes.. I will be very happy to find the best house / investment property for you!

It will be a pleasure to serve you!

• Buyer's Market < 25%
• Neutral 25% - 40%
• Seller's Market > 40%

Sylvia Barry
Marin, Sonoma Realtor
San Francisco North Bay
Frankk Howard Allen Realtors
website: www.SylviaSellsMarin.com
Blog: www.AllAboutMarinHomes.com