Novato Real Estate

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Novato Real Estate & Homes for Sale in California

Novato, California, is located in the northernmost part of Marin County (about 29 miles of the San Francisco Bay Area and 37 miles northwest of Oakland), and is considered one of the Bay Area’s premier communities. As the second largest city in the county, Novato has a population of roughly 54,000, which includes nearby unincorporated areas. The environment in Novato is an ideal blend of both natural beauty and thriving business in a community made up of a mixture of magnificently open landscapes and a myriad of prosperous small and large businesses and restaurants. With three major parks and 27 smaller ones, the preservation of the natural beauty of Novato’s 3,600 acres of open spaces is vital to the county for attractions such as golf courses, hiking trails, camp grounds, bike trails, fishing, and wildlife.

Matching the city’s beautiful rural side is its enriching urban side. The delightful downtown area of Novato is home to an indelible array of fine dining, locally-owned vintage shops as well as larger retail stores, major businesses, historical museums, wonderful lodgings, and local festivals and community involvements by residents to show a close-knit quality of life in Novato. For those attracted to the idea of living in the bucolic and quaint city of Novato, they’ll be interested to know that properties consist largely of single and multi-family homes, townhouses, estates, and condominiums of new and mid-century architectural designs.

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Price Range of Novato Houses

Novato is home to the fastest growing real estate market in Marin County where more new houses were built and sold in Novato since 2006 than any other city in the county. The areas that flourished the most during this growth include the planned community of Hamilton Field (near former Hamilton Air Force Base) and several smaller residential developments. Amidst newer modern style homes are older established areas of residence with mid-century ranch style homes. The diverse mix of real estate in Novato ranges from gated communities with multi-million dollar Marin County homes to modest single-family homes, Novato condominiums, and townhouses. Prices for houses in Novato range from $210,000 to almost $5 million. Condominiums in Marin County as well as Novato townhome prices run from $115,000 for a 2 bedroom/1 bathroom condo to $460,000 for bigger spaces (and a median price in the mid $500,000s). Multi-family homes range from the high $200,000s to over $1 million.

Novato Real Estate Stats and Trends for the week of June 12th, 2018: homes priced around $1,014,100 compared to $1,066,495 the previous week, showing a decrease of less than -5%.  For Sunday, July 22nd, the current national mortgage rate for a 30 year fixed mortgage is 4.63%; the 15 year fixed rate is at 4.25%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.63%, while the 15 year jumbo rate currently is at 4.38%.

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