Novato continues to be the busy hub of buyer activity in the county, with virtually half the properties on the market in escrow. Half. There are only 120 homes to choose from with another 115 under contract, which is staggering. The average Days on Market (DOM) is one of the lowest in the county at 82 with the average price being $1,003,000, or one of the lowest. Multiple offers were rampant in the last 30 days, often with 15-20 bidders on a well-priced foreclosure. Now that the new freeway lanes are open, the well-publicized commute time saved of 20 minutes one way has helped Novato home values improve with no end in sight. Let's see what the remainder of the year brings. I have sold many homes in Novato and welcome any questions you may have.
Thank You,
Ted Strodder office direct 415.925.3205 toll free 800.482.6164
ZIP Codes: 94945, 94947, 94949 Approximate Location Boundaries: Novato is our northernmost town, located between San Rafael and Petaluma
Location Characteristics: Novato is the second largest town in Marin, with around 50,000 residents. It has great schools, nearly twenty parks, hundreds of acres of Open Space and some of the most affordable housing in the county.
