555 Magnolia Ave in Petaluma sold for $554,000 over asking, a result that reflects strong demand for premium Sonoma County properties as buyers expand their search beyond San Francisco and Marin.
https://t.co/IcZ30MhJEI
Anecdotes from Sonoma County real estate market.
3 offers written this week, ranging $725k-$1.5M.
1 in Santa Rosa. 4-5 offers & received multiple counter.
2 in West Petaluma. 1 had 9 offers. The other had 2.
Over ask & minimal contingencies are winning.
The median price for a condo in San Francisco is up 2% YoY, about $1.15 million.
This is the same avg price as 2015.
They peaked in 2019-2020 at around $1.4M.
I want that pied-à-terre
@jason_howerton True that it’s behind the times. Realtors offer a service just like any other service. It’s not a requirement. When you are buying or selling something worth millions of dollars, there is value in hiring expertise. I’m bias. But I’ve seen self rep go bad.
@jason_howerton True that it’s behind the times. Realtors offer a service just like any other service. It’s not a requirement. When you are buying or selling something worth millions of dollars, there is value in hiring expertise. I’m bias. But I’ve seen self rep go bad.
Prices in Sonoma County are flat since 2023
Interest rates have come down
I don’t expect the market to get “worse” especially with the strengthening of SF
Therefore I think it’s a good time to be a buyer in Sonoma County
Congrats to all those signing with us today! Soak it all in & come ready to work!! The decision to come to Cal is a lifetime decision that’ll open doors beyond the
X’s & O’s!! WELCOME TO THE FAMILY! #CalGang