Garrett W. Burdick

Novato, CA

Single-Family Homes

Vanguard Properties



Novato, CA

Sat Aug 17 2019
This week the median list price for Novato, CA is $1,099,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has held steady at or around 123. Click here to stay informed with the Novato market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Novato, CA

Sat Aug 17 2019
This week the median list price for Novato, CA is $1,099,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has held steady at or around 123. Click here to stay informed with the Novato market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Real-Time Market Profile

Never miss important changes in the Novato market.
Median List Price $1,099,000
Per Square Foot $475
Days on Market 75
Price Decreased 49%
Price Increased 0%
Relisted 11%
Inventory 123
Median House Rent $3,950
Most Expensive $2,598,000
Least Expensive $599,000
Market Action Index
Slight Seller's Advantage
36

Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. 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 3,863 0.5 - 1 acre 4 4 31 3 3 111
$1,249,000 2,805 0.25 - 0.5 acre 4 3 39 5 6 94
$950,000 2,169 0.25 - 0.5 acre 3 3 46 1 4 58
$775,000 1,466 8,000 - 10,000 sqft 3 2 60 7 7 38