Garrett W. Burdick

Novato, CA

Single-Family Homes

Vanguard Properties



Novato, CA

Tue Jun 18 2019
This week the median list price for Novato, CA is $1,125,000 with the market action index hovering around 35. This is less than last month's market action index of 40. Inventory has held steady at or around 159. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Novato, CA

Tue Jun 18 2019
This week the median list price for Novato, CA is $1,125,000 with the market action index hovering around 35. This is less than last month's market action index of 40. Inventory has held steady at or around 159. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Novato market.
Median List Price $1,125,000
Per Square Foot $483
Days on Market 51
Price Decreased 38%
Price Increased 2%
Relisted 4%
Inventory 159
Median House Rent $3,645
Most Expensive $2,675,000
Least Expensive $625,000
Market Action Index
Slight Seller's Advantage
35

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
$1,800,000 3,970 0.5 - 1 acre 4 4 32 3 3 73
$1,285,000 2,830 0.25 - 0.5 acre 4 3 41 1 4 62
$974,450 2,149 8,000 - 10,000 sqft 4 3 42 3 1 38
$799,000 1,356 6,500 - 8,000 sqft 3 2 56 9 7 33