Novato CA Real Estate Market Update 2009 Review

February 12, 2010

Filed under: Novato — dwdupont @ 9:10 am

Marin Real Estate
In the last 44 years, there have been only two years (excluding 2008 & 2009) when average home prices in Marin County have decreased from one year to the next: -1.2% in 1991 and -1.4% in 1992– after the S&L crisis.

Marin County average residential home prices fell -12.7% in 2008 and -21% in 2009.  

 A unit-sale weighted average of Southern, Central & Northern Marin show Southern Marin prices are down -17.4%, Central Marin down -13.1%, and Northern Marin down -18.4% from 2008 levels.

For much more more information from a mile high perspective please see right nav bar, click & read “Marin Update”.

Novato Real Real Estate

47% of the home on the market in Novato are in contract– any number over 20% indicates a healthy market and any number over 30% indicates a sellers market. The current number of 47% of the homes currently on the market in contract is improbably high given the fragile state of the economy, the state budget crisis. In the book “Extraordinary Popular Delsions & The Madness of Crowds” the author documents many historical instances such as the Tulip Mania where humans act in unison– the demand hitting various towns in Marin is another instance of this and the patient buyer is advised to sit tight for a few months unless they find the absolutely perfect house.

Current Novato CA Home Sale Statistics 

Novato CA Current Market Data Home in Contract

Novato CA Q4 Market Statistics

Novato CA Q4 Market Statistics

 

Novato CA real estate 7 Year Market trends

Novato CA Q4 Market Statistics 2

Novato CA Real Estate Q4 Market Statistics 3

Novato CA Real Estate Q4 Market Statistics 4

Novato CA Real Estate Q4 Market Statistics 5

Novato CA Real Estate Q4 Market Statistics 6

Novato CA Real Estate Q4 Market Statistics 7

Novato CA Real Estate Q4 Market Statistics 8

Novato CA Real Estate Q4 Market Statistics

Novato CA Real Estate Q4 Market Statistics 9

Novato CA Real Estate Q4 Market Statistics 10

Novato CA Real Estate Q4 Market Statistics 11

Novato CA Real Estate Yearly Market Prices

Novato CA Real Estate Compounded Annual Return

Novato CA Real Estate Financial Return

Novato CA Real Estate Return Comparison

The market research you see here is just part of the data we compile to assist our clients in buying and/or selling homes at the most attractive prices. Information is power and we use this data better than any other agents in the area to save our clients money. Please call Dave for more information 415-867-6611 and please go to our team web page at http://www.thedupontgroup.net/.


« Newer PostsOlder Posts »

Powered by WordPress