In the last two years the median home price in Sonoma County has increased a combined 36-38%. Each individual home has not appreciated at the same rate but home are selling more quickly and for more money than they did two years ago. Inventory continues to be low. At the current rate of sales through December, 2014, all the existing homes on the market would be gone in less than TWO MONTHS. Historically the market would be considered balanced if there were 4 to 6 months of inventory. A market favoring buyers would have more...Continue Reading!
If someone has never been to Sonoma County they might be surprised at how incredibly huge it is, how diversely beautiful it is and even as a local this quick video reminds me how I can even go on vacation here without really leaving home. Enjoy! Continue Reading!
Sonoma County Country Property Sales Report provided by Pam Buda July 2011 through June 2014 by Pam Buda In the spring of 2011 the median price of a country home with 2 acres or more in Sonoma County was $740,000. Those days and those low prices are now in the rear view mirror as country property sales are hot along with the summer weather. Today the median Sonoma County country home price with two acres or more is $1,095,000. While you will find country homes listed in the 6oo-800,000 range there is a good bet that...Continue Reading!
I have been away from posting for far too long. One of the things that has kept me occupied (besides the day-to-day of working with home buyers and sellers!) is my work this year as Chairperson of the North Bay Association of Realtors (NORBAR) Education and Technology Committee. I have volunteerd on this committee for over five years and find it rewarding to work with my peers to create and promote training for realtors throughout Sonoma, Napa and Mendocino Counties. We have developed new agent training (the practical kind) and many other courses on technology for realtors, etc. One of...Continue Reading!
Happy Holidays everyone! 2013 has been a great year--a return to "normal" (whatever that is) in the real estate market for 2013. If December's activity is any judge, I suspect that early 2014 is going to be a very strong market. My gut tells me we will see more appreciation again this year, with many moveup buyers within the county and many continuing to relocate or buy second homes here in 2014. We will see more "chains" of linked transactions as a seller sells and becomes a buyer on the next transaction and so on along...Continue Reading!
Here are the latest charts for residential real estate market statistics in Sonoma County. They represent market data from the BAREIS Multiple Listing Service as displayed by Clarus MarketMetrics. The continuing big story is the 25% rise in the median home price versus October of 2012. This is a direct result of actual appreciation in home values as well as an increase in the number of higher priced homes being sold. It does not mean that every home has appreciated 25% in value--just that the overall mix of homes sold lands at that higher value. At the...Continue Reading!
Wine Country and Horses is celebrating its seventh year tonight at Dressage in the Wine Country at the Santa Rosa Fairgrounds! I am so appreciative to those of my clients and friends who are gathering tonight to celebrate the sport horse in Sonoma County. Whether your discipline is dressage, hunters, eventing, barrel racing, trail riding or jousing (JOUSTING?), you can find kindred spirits in the horse community throughout Sonoma County. If you want to know more about country and horse properties here, contact me and I will send you the latest Country Property Market Repot for Sonoma...Continue Reading!
I figured that headline might grab your attention whether you are a Sonoma County home buyer (feeling panic!) or a Sonoma County home seller (feeling excitement!) You can click through the link below to access the full Sonoma County Home Sales Report as of June 1, 2013. We look at sales statistics for Sonoma County as a whole because the sample sizes for the smaller towns such as Sebastopol, Healdsburg, Sonoma and Petaluma are so small as to be somewhat misleading. The broad brush numbers are interesting and helpful in terms of assessing overall trends, but each location and property type...Continue Reading!
Every six months the Sonoma County Economic Development Board releases the results of it's survey of local business leaders. This winter, confidence is at a six year high--nearly making it all the way back from the very low confidence expressed (not surprisingly) in the winter of 2008. The confidence appears to be strongest in the technology sector, and that probably mirrors the strong tech economy throughout the San Francisco Bay Area. Sonoma County and Bay Area business confidence are outpacing the rest of the US. And guess what, so is our real estate market! Another marker of business optimism is the...Continue Reading!
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