Novato, CA Real Estate Market Conditions Update for August 2008

As of September 5, 2008 an encouraging 28% of available listings in Novato are in escrow.

For the month of August 2008 59 homes sold in Novato for an average final selling price of $574,829.

The average original asking price of these homes was $614,095.

The range of final selling prices for these homes was from a low of $229,000 to a high of $1,275,000.

It took these homes an average of 96 days to sell.

Of the 59 homes that sold 8 sold at their original asking price and 14 sold over their original asking price.

23 of the 59 homes that sold were distress sales, ranging in final selling prices from $229,000 to $695,000.

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

Categories: Buying?, Distress Sales, estates, home sales, homes for sale, luxury homes, Marin County, Market Updates, Northern California, Novato, number of homes sold, Real Estate, San Francisco Bay Area, Selling?, Statistics, UncategorizedTags: , , , , , , , , , , , , , , , ,

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