Novato, CA Real Estate Market Conditions Update for November 2008

As of December 6, 2008 an encouraging 30% of available listings are in escrow.

For the month of November 2008 42 homes sold in Novato for an average final selling price of $494,750.

The average original asking price of these homes was $540,632.

The range of final selling prices was from a low of $145,000 to a high of $959,000.

It took these homes an average of 109 days to sell.

Of the 42 homes that sold, 7 sold at their original asking price, 10 sold over their original asking price and all others sold for less.  25 of the 42 homes were distress sales.

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


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