Garrett Burdick

Novato, CA

Single-Family Homes

Premier Properties Marin



Novato, CA

Thu Jan 17 2019
This week the median list price for Novato, CA is $1,199,000 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has held steady at or around 51. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Novato, CA

Thu Jan 17 2019
This week the median list price for Novato, CA is $1,199,000 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has held steady at or around 51. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Novato market.
Median List Price $1,199,000
Per Square Foot $466
Days on Market 95
Price Decreased 39%
Price Increased 2%
Relisted 10%
Inventory 51
Median House Rent $3,625
Most Expensive $2,199,000
Least Expensive $699,000
Market Action Index
Slight Seller's Advantage
43

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
$1,772,500 4,614 1 - 2.5 acres 4 4 31 1 0 187
$1,399,000 2,999 0.25 - 0.5 acre 4 3 15 3 1 87
$985,000 2,133 6,500 - 8,000 sqft 4 3 31 1 1 66
$779,000 1,241 8,000 - 10,000 sqft 3 2 63 2 2 48