Novato, CA Real Estate Market Conditions Update for January 2009

As of February 7, 2009 an encouraging 33% of available listings in Novato are in escrow.

For the month of January 2009 33 homes sold in Novato, for an average final selling price of $486,076.

The average original asking price of these homes was $538,340.

The range of final selling prices for these homes was from a low of $171,000 to a high of $1,850,000.

Of the 33 homes that sold, 1 sold at their original asking price, 10 sold over their original asking price and all others sold for less.

A whopping 24 of these 33 homes were distress sales.  (This is a somewhat alarming trend.)

It took these homes an average of 119 days to sell.

To see all homes that are currently available for sale, click here.

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

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