Chelsea E. Ialeggio's Report

Novato, CA

Single-Family Homes

ChelseaInMarin@gmail.com | ChelseaInMarin.com



Novato, CA

Fri Dec 14 2018
This week the median list price for Novato, CA is $1,091,000 with the market action index hovering around 42. This is an increase over last month's market action index of 40. Inventory has held steady at or around 67. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Novato, CA

Fri Dec 14 2018
This week the median list price for Novato, CA is $1,091,000 with the market action index hovering around 42. This is an increase over last month's market action index of 40. Inventory has held steady at or around 67. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Novato market.
Median List Price $1,091,000
Per Square Foot $462
Days on Market 74
Price Decreased 37%
Price Increased 1%
Relisted 6%
Inventory 67
Median House Rent $3,845
Most Expensive $2,399,000
Least Expensive $619,000
Market Action Index
Slight Seller's Advantage
42

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
$1,795,000 4,437 1 - 2.5 acres 4 4 31 1 2 161
$1,375,000 2,867 0.25 - 0.5 acre 4 3 19 3 4 59
$939,000 2,041 6,500 - 8,000 sqft 4 3 42 2 4 39
$799,000 1,648 6,500 - 8,000 sqft 3 2 59 0 4 41