Today in the New York Times, one of the most widely shared articles talks about the search for work life balance in Silicon Valley, and the virtues of unplugging from your iPhone, iPad and laptop from time to time, to enrich your life and achieve some balance. The incessant call of technology can distance us from what is real and important, whether you work in Silicon Valley or just have technology so embedded in your life it can be difficult to break away. That thinking is a FAR FAR cry from the world of Silicon Valley startups I used to inhabit,...Continue Reading!
The number of homes for sale in Sonoma County is the fewest in many decades, according to a panel of real estate appraisers who recently presented their thoughts at the North Bay Association of Realtors' weekly breakfast meeting in Santa Rosa. At the end of May of the 1900 homes technically available on our MLS, over 1,000 were already in contract, leaving only 900 homes available. This was roughly a forty percent drop from last May. Inventory is declining due to a steady increase in new and pending sales, documented here. Interest rates are ridiculously low and buyers at all price...Continue Reading!
It's not quite summertime but it's going to be very hot this weekend. You might want to take it easy like these two-week old foals at my neighbor's place. Or there is plenty to keep you occupied if you want to get up and go! Tomorrow morning at 6:30 am the Hot Air Balloon Classic begins at the Sonoma County Airport. There are tethered balloon rides and you can get up close to watch them launch and land for a six dollar admission fee. Continue Reading!
Yesterday morning I went over to Glen Ellen to check out some new country properties on the Sonoma Broker Tour. As agents we hold our new listings open so that the agent community can preview the new inventory without having to make an appointment. We just show up. Ideally refreshments are provided Sometimes there is a drawing for a bottle of wine or a gift certificate. Yesterday I was able to look at two beautiful new country property listings in Glen Ellen and also to check out the hottest new restaurant in town. Glen Ellen must have one of the...Continue Reading!
Over the last few weeks I have posted a lot about home sales market statistics for Sonoma County. The reason is not to be gratuitously geeky, but to provide some data, and some context for what appears to be a solidifying shift in the real estate market in Sonoma County and throughout the SF Bay Area. There is a lot I am planning to share on this subject but for now, I would just like to publish the graphic by John Blanchard and the San Francisco Chronicle from Sunday, June 3, 2012. It is based upon...Continue Reading!
In May I posted a lot about Sonoma County homes sales statistics. Now it is June 1 and I was curious to see what the May sales figures had to say. Last year at this time there were 3,043 homes for sale in Sonoma County. As of May 31, 2012 there are only 1,902 (!) homes for sale here, a 37% drop in inventory. Last year 434 homes sales were completed in the month of May. This year, 524 home sales were completed, an increase of 21%. This supply and demand chart is one of the most telling for market statistics. ...Continue Reading!
Facilities or Fundamentals? What are the Top Things to Consider When Buying Horse Property in Sonoma County?
In my post earlier today I talked about the two factors driving most horse property buyers I have met in Sonoma County. I related my own experience buying my own horse property here, and I pointed out a new listing yesterday that fit the bill on both accounts: dialed in facilities well thought out from a horse-owner (and of course HORSE) viewpoint, plus beautiful wine country bonuses--panoramic views, one of the most popular Sebastopol locations, and a good southerly route for San Francisco Bay Area commuters. This has sparked some conversations with other horse property clients and friends of mine. I...Continue Reading!
I have been working on "how-to" series this month. How to Buy Country Property? What you need to know about Water and Country Property. Last but most definitely not least is "How to" buy horse property in the wine country? This blog is called Wine Country and Horses after all. I thought it would be a pretty straightforward matter until I started talking to my clients who have purchased horse property through me, until I realized there was one basic point to consider before getting in to the details. When you buy your horse property, what is most important to you as...Continue Reading!
Sonoma County Million Dollar Plus Home and Ranch Sales Report through April 2012 Here is the detailed set of tables and charts looking at the sales statistics for million dollar plus homes and ranches in Sonoma County. It would be difficult to break this data down and look at trends in the rate of sales in different communities such as Healdsburg or Sonoma since the sample size is so small. That is why we so often look at the county as a whole. Typically the most desirable locations will see the quickest rebound and highest activity. Good...Continue Reading!
It is no longer just the entry level homes that are selling like hot cakes in Sonoma County. This spring there has been a decided improvement in the market for homes price over a million dollars, with inventory down 25% and the rate of CLOSED sales up 67% when compared to the April 2010. The chart below shows the progression over the last two years. Typically when the supply curve and the demand curve start to converge, there is upwards pressure on prices. This data is based upon the sales records from the BAREIS MLS (Bay Area...Continue Reading!
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