Chelsea E. Ialeggio's Report

Novato, CA

Single-Family Homes

ChelseaInMarin@gmail.com | ChelseaInMarin.com



Novato, CA

Mon Apr 22 2019
This week the median list price for Novato, CA is $1,245,000 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has held steady at or around 109. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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

Mon Apr 22 2019
This week the median list price for Novato, CA is $1,245,000 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has held steady at or around 109. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 $1,245,000
Per Square Foot $489
Days on Market 38
Price Decreased 28%
Price Increased 0%
Relisted 2%
Inventory 109
Median House Rent $3,800
Most Expensive $2,849,000
Least Expensive $625,000
Market Action Index
Slight Seller's Advantage
39

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
$1,750,000 3,939 0.5 - 1 acre 4 4 31 5 0 37
$1,379,000 2,800 0.25 - 0.5 acre 4 3 40 4 2 43
$1,010,000 2,246 0.25 - 0.5 acre 4 3 42 2 1 42
$777,000 1,394 6,500 - 8,000 sqft 3 2 59 1 6 31