As of March 4, 2007, 25% of all residential listings currently available in the town of Petaluma are in escrow, indicating a Buyer's Market. For the month of February 2007, 44 residential listings sold for an average sales price of $586,227 (with an average original list price of $617,458). These homes took an average of 103 days to sell.
NOTE: Of the 44 homes that sold, 7 sold OVER the original asking price and 5 sold for AT original asking price--with NO price reductions. In addition to the 44 homes that sold in February, there are 14 pending.
With mulitple offers happening on a daily basis in San Francisco and Marin County, more and more people are going to start moving their home search northward to Petaluma and the town of Sonoma.
For more information about this area, click here.
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