Novato Annual Real Estate Trends

Novato
(Single Family Homes)
  Prices Other Percent Change
Average Median Sold DOM SP/LP Average Median Sold
1998 $379,666 $324,975 664 38 98.7%      
1999 $420,773 $369,000 675 33 99.5% 10.8% 13.5% 1.7%
2000 $523,323 $447,375 582 29 101.8% 24.4% 21.2% -13.8%
2001 $587,904 $509,000 490 50 99.4% 12.3% 13.8% -15.8%
2002 $639,457 $569,000 611 58 99.1% 8.8% 11.8% 24.7%
2003 $660,886 $601,500 608 60 99.1% 3.4% 5.7% -0.5%
2004 $783,074 $697,750 674 46 100.8% 18.5% 16.0% 10.9%
2005 $897,614 $800,000 619 48 100.8% 14.6% 14.7% -8.2%
2006 $886,145 $795,000 534 69 98.7% -1.3% -0.6% -13.7%
2007 $849,470 $769,000 368 82 98.0% -4.1% -3.3% -31.1%
2008 $721,574 $650,000 376 105 96.0% -15.1% -15.5% 2.2%
2009 $637,033 $579,000 419 103 97.2% -11.7% -10.9% 11.4%

Novato
(Condos & Town Homes)
  Prices Other Percent Change
Average Median Sold DOM SP/LP Average Median Sold
1998 $186,812 $185,750 168 39 99.1%      
1999 $205,882 $196,000 186 24 101.2% 10.2% 5.5% 10.7%
2000 $252,008 $255,000 185 23 102.2% 22.4% 30.1% -0.5%
2001 $302,655 $291,250 188 43 100.2% 20.1% 14.2% 1.6%
2002 $352,231 $346,000 278 44 100.7% 16.4% 18.8% 47.9%
2003 $379,619 $374,000 309 48 100.5% 7.8% 8.1% 11.2%
2004 $435,744 $435,000 289 36 102.7% 14.8% 16.3% -6.5%
2005 $505,528 $500,000 292 33 103.3% 16.0% 14.9% 1.0%
2006 $500,566 $492,500 201 76 99.4% -1.0% -1.5% -31.2%
2007 $469,601 $464,000 121 87 98.1% -6.2% -5.8% -39.8%
2008 $330,132 $315,000 178 91 98.0% -29.7% -32.1% 47.1%
2009 $292,313 $264,889 178 109 98.8% -11.5% -15.9% 0.0%

DEFINITIONS

Median Price
Median Price is that at which 50% of properties sold were above that price and 50% were below.
Average Price
Average Price is the sum of all prices divided by the number of sales.
DOM
Average Days on Market is the average time it took to sell all properties.
SP/LP
The average selling price divided by the average list price.

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Based on information from BAREIS for the period January 1998 through January 2007.