What's happening this week in the Sonoma Valley?
Mother's Day is this Sunday, May 11, so when you are out viewing Sonoma real estate here are a couple of things to look for while driving through the valley and looking at Sonoma real estate.
- The Sonoma Hometown Band http://sonomahometownband.org/ will be playing at the Sebastiani Theater at 11:00 on Saturday. The concert is free. The band members encapsulate what the community of Sonoma is about-a collection of interesting, fun and caring people who enjoy living in this beautiful valley.
- Are you thinking about what to serve Mom for breakfast? The Glen Ellen Firefighter's Association Annual Mother's Day Pancake Breakfast at the Glen Ellen Fire Station is always fun. Gin Fizzes are served along with fresh fruit, pancakes, bacon and sausage which is generously donated by the Sonoma Market.
What comments do I have concerning market activity?
This Friday, May 9, 2008 I would like to focus on the Sonoma real estate market. The information below was taken from Agent Matrix and includes the sale of all single family residences. What does it say? The average median price for properties sold in April was $642,000 versus $617,000 two years ago, a decline of 4%. This decline is less than other areas of Sonoma County which are close to 25%. Why? Sonoma Valley real estate includes many second home buyers and country estate type properties which are in high demand. The average days on market for properties sold in April, 2008 were 149 days and there were 24 properties sold. This compares to 84 days for 30 properties sold in April 2006.
The chart below shows a steady decline in the Months Supply of Inventory (MSI) from a few months ago along with the Days on Market (DOM) also declining. MSI was this April, 2008 versus two years ago. Average Days on Market this April 2008 were 78 and about 24 more than for the same period a couple of years ago. Compared to the same period one year ago the Days on Market have dropped 32 days. What this trend is saying is inventory supplies are dwindling, especially for unique type properties, which appears to be shortening the Days on Market.
What is next?
It appears we are approaching the end of the housing slump. For sellers we are moving in an encouraging direction of stable pricing and increasing demand. For buyers, now is the time to get serious about contacting your real estate agent and mortgage broker to assist you in your next real estate purchase before the market moves upward. There are some buying opportunities. Please call Mark Stornetta at 707-934-2301 for assistance. To learn more about me go to http://www.winecountry-realestate.com/about.
Featured property
The Healdsburg real estate market is one of those areas of limited scarcity. Healdsburg is small and becoming known as a destination spot for weekend get aways to wine country. Residential properties are in demand along with country properties in close approximity to the Healdsburg Plaza. I have listed a property at 4390 Wallace Creek Road. It totals 160 acres and is 11 minutes from the Plaza. The rolling to steep hillside with a meandering winter creek includes small meadows, oaks, fir, madrone and redwoods. It has beautiful views. Price is $895,000. This property is best suited for a residence. You can view this property at http://www.4390wallacecreek.com/.
Real Estate for Sale in Sonoma County, CA
If your visit to this area takes you to other parts of the county Please view the following to learn more. See for yourself by going to the locations below:
Glen Ellen CA Real Estate & Visitor's Guide
Healdsburg CA Real Estate & Visitor's Guide
Kenwood CA Real Estate & Visitor's Guide
Petaluma CA Real Estate & Visitor's Guide
Santa Rosa CA Real Estate& Visitor's Guide
Sonoma CA Real Estate& Visitor's Guide
The Stornetta Team...We are here to help you with All Your Sonoma County Real Estate Needs!
Contacting us is the best way to learn more about the Sonoma County real estate market. You're always welcome to call us at (707) 934-2301. If you want to read more about how the Stornetta Team can help you, or just want to browse what we have to offer online, go to http://www.WineCountry-RealEstate.com/ . We hope you enjoy your visit! And, Happy Mother's Day!
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