Garrett W. Burdick

Novato, CA

Single-Family Homes

Vanguard Properties



Novato, CA

Mon Nov 11 2019
This week the median list price for Novato, CA is $1,149,000 with the market action index hovering around 48. This is an increase over last month's market action index of 46. Inventory has held steady at or around 66. Click here to stay informed with the Novato market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Novato, CA

Mon Nov 11 2019
This week the median list price for Novato, CA is $1,149,000 with the market action index hovering around 48. This is an increase over last month's market action index of 46. Inventory has held steady at or around 66. Click here to stay informed with the Novato market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Novato market.
Median List Price $1,149,000
Per Square Foot $473
Days on Market 104
Price Decreased 48%
Price Increased 2%
Relisted 14%
Inventory 66
Median House Rent $3,795
Most Expensive $2,675,000
Least Expensive $659,000
Market Action Index
Strong Seller's Market
48

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,743,500 3,927 0.5 - 1 acre 4 4 29 0 0 160
$1,297,000 3,090 0.5 - 1 acre 4 3 38 2 3 122
$1,049,500 2,230 8,000 - 10,000 sqft 4 3 42 2 6 94
$739,000 1,344 6,500 - 8,000 sqft 3 2 67 3 3 44