Open Houses 9/20/14 – 9/21/14
Albert Weber, 88, a longtime resident of San Francisco, died surrounded by his loving family on Aug. 18, 2014.
The fundraiser brought in close to $25,000, which will help with their mission of feeding and caring for the stray and abandoned animals that find their way to the shelter.
In mid-April, investors fled the Stock market by moving their money over to Bonds, which resulted in the lowest home loan rates seen in a month. Were they enough to get more buyers signing on the dotted line?
Just east of Sonoma’s historic Plaza and an easy bicycle ride from shops and restaurants stands a meticulous rendition of a southern colonial farmhouse – Shady Oak. Surrounded by tall trees and gorgeous gardens, this is an estate inspired by the colonial homesteads around Nashville, with its metal roof, stone chimneys and wings, over-sized, double-hung windows… and its 19th century front door surround.
Sonoma County: Sonoma County inventory rose 11% in March 2014…
Spring is officially here. The warmer season will hopefully bring a much-needed warm-up to the housing market, which suffered from the harsh winter weather.
I don’t often enter Market Updates between month ends, but we’ve seen a dramatic increase in listings across the Wine Country in the last several weeks.
Sonoma County: Sonoma County inventory flattened again in February 2014 adding 325 new listings for the month compared to 517 new listings in February of last year and 444 of last month. Perhaps the 17.6% jump in new listings in Marin County in February will carry over to Wine Country next month. The inventory of… Continue Reading >>
Severe winter weather from the south to the northeast kept prospective homebuyers indoors, resulting in home buying traffic at its lowest pace since April 2013.
Home loan applications increased in early January, as a weaker-than-expected December employment report sent interest rates lower. Home loan rates had been on the rise up until the report, and just as the Fed announced its decision to “taper” its Bond-buying stimulus efforts.
Sonoma County: Sonoma County inventory rebounded in January 2014 adding 384 new listings for the month. The inventory of single-family homes and condominiums for sale at the end of January stood at 600 compared to 592 a year ago.
We’re not sure why so little is written about the process of moving … perhaps anyone having recently done so wants to forget the trauma as quickly as possible.
A weaker-than-expected December employment report sent interest rates lower, resulting in more home loan applications in early January.
We have been tracking the Sonoma Valley Adult (55+) Community real estate market for over 20 years and have been providing reports such as this as a community service. We have found that a good table is equal to a good photo in getting a lot of information across quickly.
2013 Results for Sonoma County, Napa County and Wine Country: According to figures from BAREIS MLS system, for the year, Sonoma County had 5,599 residential properties sold. This compares to 6,125 a year ago – a decrease of 8.6%. The dollar volume for 2013 was $2.8 billion, 11.7% higher than the sales volume of $2.5 billion in 2012. The average price increased 22% from $416,000 in 2012 to $508,000 in 2013.
The big “will-they or won’t they” ended last month with the Fed’s mid-December announcement that it would begin tapering its economic stimulus efforts. Federal Reserve Chairman Ben Bernanke’s decision to scale back on Bond and Treasury purchases by $10 billion signaled that the economy has showed sufficient ability to play on its own, albeit, on a kid leash.
There is an interesting article I read recently that deals with the impact of “Single Family Rental Properties” – those that have been bought up by investors over the past four or so years and are being used as rental investment properties.
Market Conditions for Single-Family Homes – Sonoma
In mid-November, Janet Yellen, President Obama’s choice to replace Federal Reserve Chief Ben Bernanke, indicated that she would likely continue with the Fed’s economic stimulus efforts, known as Quantitative Easing.