Unfortunately, Novato is feeling the effect of the market softening during the past few months - since the start of the lending problems - this is especially true for condos and town homes. Due to the lower cost in getting into some of the condos and town homes, a lot of recent homeowners took the advantage of the creative lending practice, and are not unable to sustain the rate increase.

Fortunately, Novato is still part of Marin and is still very attractive location, our downturn is softer than others. This has become a great place to find bargains (o.k. relative to Marin county) and investment opportunities.

Depending on the location ,pricing and condition of a home, houses can expect to be on the market for 3 to 6 months, but some still goes quickly and still receive multiple offers, although not often.

I think this is a great time to come in, look at the market and get a great bargain for a good homes in excellent location for a wonderful long term investment!

Sylvia

Fri Dec 14 2007, 17:15

Since Novato is part of Marin County, home prices stay at a constant. A home may stay on the market longer but aggressive marketing and pricing the home correctly is always the key.

Mon Apr 23 2007, 15:51