Inside Scoop on the North Bay Market
Happy New Year, everyone! We hope you all enjoyed a wonderful holiday season with friends and family. We just wanted to give you a quick update on our real estate market here in Marin, Sonoma, and Napa counties. Take a look at the infographics below!
The word on the street — AKA the consensus from our weekly meetings — is that inventory of listings is WAY down. There are 925 active (i.e. available/not in escrow) residential (single family residence or condo) in Marin, Sonoma, and Napa counties COMBINED. A “normal” market in Sonoma County alone is about 2,000 active listings…
If you are considering selling your home this Spring, you may not want to wait to do so. There is pent up demand from last summer/fall and buyers are out there. Fewer houses on the market means less competition for you and your home.
If you are interested in selling your home, contact us today so we can discuss the market, your specific situation, and how we can best help you reach your goals. We look forward to working with you in 2017!
(You will notice the updates are from November, as it takes the California Association of REALTORS® time to gather the data and release it. The same thing with real estate articles you read in the newspaper, the “news” is usually a bit behind what is actually happening.)
Source: Terra Firma