Garrett W. Burdick

Novato, CA

Single-Family Homes

Vanguard Properties



Novato, CA

Mon Jan 17 2022
This week the median list price for Novato, CA is $1,299,000 with the market action index hovering around 82. This is less than last month's market action index of 92. Inventory has decreased to 11. 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

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Novato, CA

Mon Jan 17 2022
This week the median list price for Novato, CA is $1,299,000 with the market action index hovering around 82. This is less than last month's market action index of 92. Inventory has decreased to 11. 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

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Novato market.
Median List Price $1,299,000
Median Price of New Listings $1,299,000
Per Square Foot $746
Average Days on Market 31
Median Days on Market 7
Price Decreased 9%
Price Increased 0%
Relisted 0%
Inventory 11
Median Rent $4,300
Market Action 82
Strong Seller's Market

The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for how long this trend will last.

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
$2,745,000 2,769 5 - 10 acres 4 3.5 82 0 0 59
$1,595,000 2,421 0.25 - 0.5 acre 3 3 49 3 0 28
$1,050,000 1,532 8,000 - 10,000 sqft 4 2 59 1 1 7
$800,000 1,288 6,500 - 8,000 sqft 3 1.5 55 3 0 0