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Hey everyone! Hope you are all safe from these awful fires. It's a relief to know the smoke will blow over soon, but let this be a reminder to us all that we must keep doing our part in managing climate change. Our beautiful planet needs us to step up now more than ever.
With so many of our communities and neighbors negatively affected by the fires - a real estate report seems trivial. But we have clients still trying to make buying and selling decisions, so we will try to continue to deliver straightforward data on market conditions. This first chart looks at the impact of the fires on the number of listings going into contract in Sonoma County each WEEK, comparing the second week of August (before) to the fourth week (deep in the crisis). Actually, the fall in activity was surprisingly modest - a drop of about 22%. And, according to preliminary data, activity is already beginning to pick back up in the first week of September. |
Year-to-date house sales volumes and median house sales prices by city: |
Bay Area median house sales prices, summer 2020: There are a number of reasons why the Sonoma County market is seeing such high demand, but one of them is simple affordability. One gets much more for one's money here than in most counties further south. |
Long-term median house sales price trends: |
Market indicator: The percentage of listings accepting offers within month - an excellent illustration of what's occurring in the Sonoma market. |
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Here's a sneak peek into a luxury Fountaingrove listing we have coming soon. |
Need a loan or want to refinance?
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Stuart's got you covered. Today's interest rates are at an all-time record low again. In some cases, rates are 2% less than what they were in 2018 at 3% for a 30 year fixed rate. If your current interest rate is 4% or greater, this could save you thousands of dollars a year. Or, if you want to purchase your first home or sell and buy, now is a great time to secure an affordable loan. Stuart's got you covered with all your real estate financing needs. |
We Have the Buyers and Sellers
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We have buyers and sellers all over the Bay Area. If you are thinking about buying or selling, give us a call. Your current home may already be sold or future home may already be found. You can always call or text us at 707.328.9766 |
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© Compass 2020 ¦ All Rights Reserved by Compass ¦ Made in NYC
Compass is a real estate broker licensed by the State of California operating under
multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075,
1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material presented
herein is intended for informational purposes only and is compiled from sources deemed reliable
but has not been verified. Changes in price, condition, sale or withdrawal may be made without
notice. No statement is made as to accuracy of any description. All measurements and square
footage are approximate. Equal Housing Opportunity.
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