If you follow my blog, you know that I update the local activity monthly. For January, 2007, the average price of homes here held steady (just under $800K). Understandable given the high quality of life here. What was shocking and, quite frankly, a little depressing, was the volume of homes sold. 14. That's right, I said fourteen.
Now for the good news: So far for February, 16 homes have sold and 20 more are pending--and they will likely close before the end of the month. We are even starting to see multiple offers, which have been happening in Marin County and San Francisco on a regular basis. As it gets more difficult to buy closer to San Francisco, the buyers will move in an outward circle. And Sonoma will not disappoint.
Historically, January and February are the slowest months for real estate in this town. Followed by a surge in March, with April, May and June seeing the highest number of closed transactions.
If you have been thinking about Sonoma, now might be the time to make your move.
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