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Salmon Creek : Real Estate Advice

  • All4
  • Local Info0
  • Home Buying1
  • Home Selling3
  • Market Conditions0

Activity 4
Sat Nov 5, 2011
Allison Norman answered:
Jennifer, That's a pretty general question to a very complex subject, as there is a very wide price range for coastal homes.. I can tell you that home sales are pretty steady in the Bodega Bay and Coastal Sonoma areas, with many people selling off, or unfortunately losing, vacation or second homes. The good news is that an almost equal number of people are in a position, and prices at a level, that they can now afford a second home or vacation rental investment. There are still some sellers who are grasping at straws in the hopes that they can recover lost equity. Those home are not selling, as they are over-priced....some on the market for as long as two years. If priced right, coastal homes are selling quickly!! We work the Coastal Sonoma County area and I'd be glad to talk to you about comps in the area. I send out a newsletter to my Bodega Bay clients and potential buyers, complete with recent home sales, ....and upcoming listings, as well as pre-foreclosures that may be a good candidate for a short sale. If you send me your email, I'll add you to my list. We currently have several bank owned properties coming soon to the market. I'm also aware of a couple coming to the market further up the coast. Contact me at ... more
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Thu Oct 20, 2011
Mike Kelly Allison Norman answered:
Jennifer, Does this surprise you? When we do a market analysis of the area we usually show the "original" listing price, listing price at time of sale and then final Sales price LESS any Seller concessions make during the contract negotiations. We can also show the percentage to list price. This is a somewhat misleading number as one can have an REO or Short-Sale listing which can get bid up, sell a whole lot less for "cash" and also skew the Days on the market or DOM way out of whack as Short-Sales are taking on average 170 days to close in Sonoma County. ... more
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Thu Oct 20, 2011
Jennifer asked:
Thu Oct 20, 2011
Jennifer asked:
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