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.
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