The Sonoma Coast is truly one of the most magnificent places on earth. Every once in a while I catch a car ad on TV and I say--hey that is just north of Jenner. I guess the art directors for the advertising companies agree. The recent Tour of California saw the race emerge on the coast above Jenner and travel down Route 1 to Coleman Valley Road, where they made their way back inland (and uphill) to the finish. The unit sales in the coastal market are in the single digits, not including Sea Ranch to the north. ...Continue Reading!
Petaluma is one of the larger towns in Sonoma County, and it is bordered by Penngrove on the northeast corner. This area is closest to Marin County to the south and the commute locations of the Bay Area, so it tends to be more influenced by those factors and a bit more expensive than the rest of the corridor along highway 101 going north further in to Sonoma County. It is no surprise that home inventorys are down 39 percent from April 2010, and that there are only 1.9 months supply of homes for sale at the current...Continue Reading!
April 30, 2012 Sonoma County Real Estate Stats Show Increasing Demand and Very Low Inventory of Homes for Sale
Something's gotta give! Here is the full set of market statistics for the year in Sonoma County residential sales from April 1, 2011 through April 30, 2012. A short while ago I pointed out that April was one of the strongest months in years for newly opened escrows. At the current rate of sales we only have 1.6 months of inventory available which is indicative of a seller's market. Indeed muliple offers at nearly all price points are the norm. They are no longer clustered in the entry level under $400,000 range. We are...Continue Reading!
Thank you to the Santa Rosa Press Democrat for this photo. Click on it and you can see a nice slideshow of yesterday's Stage 1 of the Amgen Tour of California with Captions that identify the various spots in West Sonoma County on the 118 mile route. One of the commentators yesterday stated that the route competed with some of the best in the grand European cycling tours for scenic beauty and complexity. Tomorrow we will be back to our regular real estate programming, even as the Tour continues throughout California, working it's way down to LA. Stay...Continue Reading!
I have been having fun today following the progress of the breakaway group and peleton on Stage 1 of the Amgen Tour of California . A bunch of us from the block were able to walk to the corner and watch the tour go by this morning! Big stuff for a sleepy country neighborhood! You can keep up with their progress on an app which is handy because it shows it on the map in real time. It is a big deal in Santa Rosa this week but the riders are travelling through a big chunk of West County from Windsor,...Continue Reading!
The town of Sonoma has long had the most cachet in Sonoma County, although Healdsburg is coming fast. This sales report looks at the whole Valley of the Moon, including Glen Ellen and Kenwood as well as Sonoma town. There is a bit more sales volume here, but the sample size is somewhat small, while bigger than both Sebastopol and Healdsburg. Like the other towns, median sales prices can be impacted by outlier high end home and ranch sales, so beware of drawing too many conclusions. Bottom line, inventory is shrinking and sales are up. The chart below shows newly...Continue Reading!
Santa Rosa is the big kahuna town in Sonoma County, so it's market stats for real estate will be a bit more true and resemble more of Sonoma County as a whole. Again, no surprise in the story here. Declining inventory. Two years ago, inventory was already low, but real estate sales were concentrated under $300,000 or so. Now the market is finally more active at all price points. In April 2010 there were only 3.2 months supply of inventory. Anything between four to six months is considered "balanced" between buyers and sellers. Fast forward to April...Continue Reading!
Healdsburg is one of the most desirable communities in Sonoma County and is fast becoming a desination for travellers and homebuyers from all over the globe. Much of Healdsburg's charm stems from the fact that it is a small town. Small town sales volume does not lend itself to great real estate stats since the sample size is so small. That is why I mostly look at sales and real estate market stats county wide. Nevertheless, once in a while we look at individual communities. By looking back at charts over a two year period you can see the...Continue Reading!
. Here is a look back at residential real estate sales in the Sebastopol area of Sonoma County, including Graton and Occidental, from April 2010 through April 2012. The reason I usually post county wide numbers is that it is easier to discern pricing and other trends on a month to month basis with the numbers for the county as a whole. You might be interested in just your town, so from time to time I will pull just the numbers for a specific locale, in this case the greater Sebastopol area. Though a small sample size makes...Continue Reading!
Why Levi Leipheimer calls Santa Rosa Best Place in the World to Live: AMGEN Tour Starts here this Sunday May 13
Santa Rosa flies under the radar compared to the more glamorous wine country towns of Healdsburg and Sonoma. This love letter to Santa Rosa by world class cyclist Levi Leipheimer makes me happy! Santa Rosa is the starting point for this year's seventh running of the Amgen Tour of California, on Sunday May 13. The peloton will actually will pass right by my house which is located along the 115 mile route! Check out why Santa Rosa in Sonoma County is such a great place to live. Don't just take my word for it. For more info on the...Continue Reading!
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