As of November 6, 2008 an encouraging 30% of available listings in Novato are in escrow.
For the month of October 2008 63 homes sold (another encouraging number) for an average final selling price of $553,776.
The average original asking price of these homes was $607,177.
The range of final selling prices was from a low of $140.000 to a high of $1,900,000.
Of the 63 homes that sold, 4 sold at their original asking price and a whopping 18 sold over their original asking price–29 were distress sales.
It took these 63 homes an average of 103 days to sell.
To see everything that is currently available for sale click here.
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?, Uncategorized