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.