Novato, CA

Homes for Sale in Novato

This report looks at Homes for Sale in Novato California. In past months I have divided this report up between properties over and under $750,000.00 to exam the top and bottom of the market. This month I thought I would look at the FHA purchase limits to come up with a break. With a minimum 3.5% down payment the purchase cap in Marin County would be $756,217.00 so it is really a moot issue as this is about where we had the break anyway.

Right now there are 143 Homes for Sale in Novato priced from $109,900 to $6,250,000.00. The average price is $756,386.00 and a median price of $669,000.00. The average size is 2,272 SF and the median size is 1,925.00.

There are 86 Novato Homes for Sale under $756,217.00 with an average price of $467,592.00 and a median price of $475,000.00. The average size is 1,627 SF and the median size is 1,523 SF.

There are 57 Homes for Sale in Novato over $756,217.00 with an average price of $1,214,714.00 and a median price of $949,000.00. The average size is 3,270 SF and the median size is 3,163 SF.

In January the sold Homes for Sale in Novato was down. This is probably due to the holidays. The homes sold in January for the the most part would have gone into escrow in November and December. In January 39 Homes for Sale in Novato sold with an average price of $552,726.00 and a median price of $425,000.00. The average size was 1,584 SF and the median size was 1,491 SF.

Looking at Homes for Sale in Novato that sold in January for under $756,217.00 there were 37 with average price of $422,792.00 and a median price of $425,000.00. The average size was 1,584 SF and the median size was 1,491 SF. Compared to Novato Homes for Sale over $756,217.00 only 2 sold for $900,000.00 and $1,150,000.00, for an average/median price of $1,025,000.00. The size of these 2 homes was 3,089 and 4,461 Sf for an average/median of 3,375 SF.

In December Homes for Sale in Novato had moved faster with 58 sales and an average price of $543,566.00 and a median price of $538,000.00. The average size was 1,974 SF and the median size was 1,859 SF.

Forty-eight Novato Homes for Sale under $756,217.00 sold in December with an average price of $459,975.00 and a median price of $480,000.00. The homes had an average size of 1,667 SF with a median size of 1,653 SF. Ten homes over $756,217.00 sold for an average price of $944,800.00 and a median price of $927,500.00. Of those ten homes the average size was 3,447 SF and a median size of 3,483 SF.

On the surface it appears prices are trending down, but so are the size of the homes sold. Sales should pick up with spring and when the weather gets better. Larger homes will be the best buys on the market in the coming year.

Contact me directly for information on Novato Homes for Sale or click here to see the best buy on Homes for Sale in Novato.

Open Homes in Novato

This Saturday 2-6-10. This is the Superbowl of Home Buys. Come see it on Saturday and watch the game on Sunday.

This beautiful home at 2424 Vineyard Road in Novato is Open Saturday from 1 to 4 PM. One of the finest homes in Novato at this price huge lot with a pool, flowing creek, room for horses and RV Parking. The kitchen is a Chef's dream. Classic Hardwood floors throughout the upper level.

This Novato Open Home has three decks, one enclosed, one huge party/BBQ Deck. and one with a hot tub. Bonus room/Game Room. Enjoy the Excellent Amenities this home has to offer while sending your kids to some of the best schools in the County.

Come see this Novato Open House Sunday form 1 - 4. The price has been dropped to $864,000.00. Agents Check the MLS for more information. Click here for more pictures of the Novato Open House.

The Novato, California real estate market continues on its journey into recovery. We had 42 sales in December 2010. The average sales price of Novato homes in December 2010 was $634,152. These homes averaged 113 days on market, were about 2,227 sq. ft., and averaged roughly $293 sq. ft. Novato's absorption rate (e.g., number of months' inventory of homes for sale based on last month's sales totals) has dipped to historically low levels - a scant 2.38 months worth of available inventory overall (100 single family homes are currently for sale in Novato). Below are the percentages of homes in escrow in each of Novato's major price bands:

• 67% of homes priced under $500,000 (74% last month);
• 66% of homes between $501,000 and $600,000 (65% last month);
• 42% of homes between $601,000 and $750,000 (53% last month);
• 33% of homes between $751,000 and $1 million (same as last month);
• 24% of homes between $1 million and $1.5 million (19% last month);
• 0% of homes between $1.5 million and up.

[Click HERE for the rest of the article, courtesy of www.Novato101.com.]

Novato Open House

We will have a Novato Open Home Saturday from 1 to 4 pm at 2424 Vineyard Road.

This is a remarkable home. Come out and see how cozy this home is with it's classic fireplace and gorumet kitchen. This home is perfect for Winter, Spring, Summer or fall; with plenty of room for the entire family.

Over 3000 SF on almost half an acre. You can have horses and there is a pool. The best priced home in Novato.

To see more pictures and get more information go to 2424Vineyard.com. Or call 1-800-950-6159 ext 1003 for recorded information and to schedule a private showing.

The Landing at Hamilton | Luxurious New Home Community Located in Hamilton Field, Novato, CA

Models Opening in May 2010

Introducing The Landing at Hamilton -- Hamilton Field, Novato's final residential development -- 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 neighborhood adjacent to a rich wildlife sanctuary.

An unrivaled passion for excellence and detail is exhibited in each home. The Landing at Hamilton benefits from easy access to recreation, dining, shopping, schools, transportation, and the myridad benefits of living at Hamilton Field in Novato. Pricing to begin at approximately $840,000 for the smallest homes and range up to approximately the low $900,000's for the larger homes. There will be four models in up to three elevations.

For more information, contact Kyle Frazier, CRS (Morgan Lane Real Estate) at (415) 350-9440 or e-mail Kyle@Novato101.com.

Lifestyle Enhancements of Hamilton Field Novato, CA

Hamilton Field Amenities include several Parks, Baseball Field, Tot Lots, Amphitheater, Pool, YMCA, Public Library, Art Museum, Hamilton Café, dozens of businesses located in the Hangars, Little League, Soccer Fields, Racquetball Courts, Tennis Courts, Basketball Courts, Gymnasium, Trails, Public Transportation, Airport Shuttle, and more.

Nearby Amenities Hamilton Marketplace (Safeway with Starbucks and Jamba Juice, Petfood Express, Peet's Coffee, Toast, La Boulange, Moto Pasta, Yogenfruz, Massage, Verizon Store, and gas station, among others), Marriot Courtyard, and numerous resaurants (California cuisine, steakhouse, sushi, pizza, assorted fast food), Paradise Foods, banking, cleaners, and more.

About the Developer (Barker Pacific Group)

The community is being developed by Barket Pacific Group, a long-time Novato business presence and leader. BPG is the developer of the hugely successful business park -- Hamilton Landing, also located in Hamilton Field. As noted by Michael Barker, Managing Director, "We're very excited about having the opportunity to develop such a dynamic community in one of the most prestigious areas of California." Indeed, there are 1,200 employees at Hamilton Landing who work for companies such as Disney's Imageworks Digital, 2K Games, Birkenstock, and Marin IPA.

For more information, contact Kyle Frazier, CRS (Morgan Lane Real Estate) at (415) 350-9440 or e-mail Kyle@Novato101.com.