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Market Conditions in Sonoma County : Real Estate Advice

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  • Local Info3
  • Home Buying37
  • Home Selling2
  • Market Conditions3

Activity 36
Sun Mar 31, 2013
Karen Fleming answered:
What a great question and so difficult to answer-- so dependent on price range and area- local and location are so important in answering your question-- almost impossible to give relevant info with out getting more specific.... ... more
0 votes 6 answers Share Flag
Fri May 31, 2013
Jen Birmingham answered:
If the lack of inventory continues at its current rate, in combination with the incredibly low interest rates of recent times, I see the current trend of increasing prices continuing. In just the last six months, I've seen many buyers get priced out of their preferred area due to this rapid increase in value. ... more
0 votes 7 answers Share Flag
Sun Sep 1, 2013
Karen Fleming answered:
Hi Kathy- You ask a very good question- theanswer is different depending on your price range. The homes between $200,000-$300,000 are very much in demand and there is very little inventory so that usually results in increased pricing and that seems to be what the market is saying. Houses in the mid price ranges $300,000-$600,000 have been slower to sell and condition and location have become huge factors in buyers moving forward. As the lower priced homes sell consistently then I think that mid priced home market will tighten and we will see prices going higher. The upper end market seems to be more active than it has been in the last 5 years. The numbers and stats are very interesting and if you would like more detail let me know. ... more
0 votes 5 answers Share Flag
Sat Jun 4, 2011
Renee999 asked:
Thu Mar 21, 2013
Ernest Berghof answered:
HI Linda,
We've seen values hold steady for about a year now. Asking prices have been coming down but sale prices have been flat across all price points. I have some great charts to illustrate this - just let me know and I can send it to you. Or if you can go to my website for Santa Rosa homes for sale http://www.realestateinsonomawinecountry.com/

There are charts showing "listing price".
... more
0 votes 4 answers Share Flag
Fri Jan 24, 2014
John Arendsen answered:
Not quite sure about Guerneville in particular but I can tell you that San Diego is seeing some softening in some areas. In my opinion it's because there is so much competition in the distressed property arena and the banks are still sitting on an appreciable amount of shadow inventory. ... more
0 votes 3 answers Share Flag
Tue Mar 29, 2011
Kamal Randhawa answered:
Hello Jeff,

I suggest you look for someone who's knowledgable about the real estate business rather then someone who just happens to live in a certain area..this does not always guarantee experience or knowledge. Good luck :)

Kamal Randhawa
Broker
510-932-1066
... more
0 votes 6 answers Share Flag
Thu Sep 2, 2010
John Souerbry answered:
Neither - if you really want to buy a condo. Condos are seldom good investment properties. The exception is when they are located on one of the top beaches in the world or in a metropolitan market where the property is in the absolute finest location. My top reasons NOT TO BUY a condo as a rental property: 1) Financing: it's getting harder to finance condos at good rates, if you can get financing at all. Lending guidelines for condo mortgages are getting tougher daily. 2) HOA fees: the monthly fees come off the owner's bottom line and can fluctuate year-to-year, usually reducing profitability below an acceptable level. Add to that assessments that may be added for improvements to the exterior of the buildings and the common areas. 3) HOA boards: mostly lunatics run for HOA officer positions and HOA board politics can be a real headache. 4) Common area maintenance: as a landlord you want the common areas, especially surrounding your unit, to be perfect all the time - leaving it to the HOA board or association manager to control quality is a gamble. 5) Re-sale: Condos are the first type of property to go down in value when values are going down and the last to go up when values rise. If other units in the complex are on the market when you try to sell yours, the competition can be more apples-to-apples than with a single family home, making it harder to sell.
If you can, I highly recommend passing on a condo and looking for a single family home.
Also, I recommend buying property close to home if you intend to manage and maintain it (go with Sonoma...).
... more
0 votes 4 answers Share Flag
Sat Mar 24, 2012
Lynn Bowen answered:
Only time will tell us that I'm afraid. I sure wish I had that crystal ball that the media likes to make it look like they have.
0 votes 15 answers Share Flag
Sat Mar 24, 2012
CJ Brasiel answered:
Nell -

This might help. http://twitpic.com/1y58yx

CJ
0 votes 3 answers Share Flag
Sat Feb 18, 2012
Craig Saxon answered:
The 2 listings I found are 2bd/2ba; 1 of 1731 sq ft at $2,150/mo. (or $1.25/sq ft) and the other of 1,870 sq ft at $2,100/mo. (or $1.12/sq ft). That would indicate you might get between $3,360 and $3,720/mo. ... more
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Wed Jan 20, 2010
. answered:
Seems that someone is always finding a loophole somewhere.
0 votes 8 answers Share Flag
Thu Mar 21, 2013
Dave Roberts answered:
Hi Paul,
I 've got a flippant answer for you. If any of us had a three to five year crystal ball, we would have been out of the real estate business in 2005. It turns out Goldman Sachs was betting against the housing market for years, even as they sold more bundles of crummy loans.
On the more serious side, my feeling is that Sebastopol kept prices solid much longer than any other area of Sonoma County last year. This year they have finally joined the rest of the county and taken some markdowns from the high prices of the bubble years. When they are again in sync with the rest of us we can plateau and grow together. In the long run, Sebastopol will be a desirable town that has always drawn buyers concerned with high quality schools and a great quality of life.
... more
0 votes 6 answers Share Flag
Mon Oct 12, 2009
Pam Buda answered:
Hi Denise,
I am working with a number of people who are doing or considering doing the same thing. They want to move to Sonoma County or to downsize within the county and appreciate the current market values. The entry level market for homes is extremely competitive with multiple offers the norm, and declining inventory so it may take you a while to find the right property, depending on your price point.

Rincon Valley schools are highly regarded, in particular you have good proximity to Maria Carillo High School, so in general I think you would have a ready rental market for families who have school-age children.

There are a number of good rental agents who can manage your property, and most of us can give you a good feel for the rental market for your new home. Please let me know if I can help you further.
... more
0 votes 1 answer Share Flag
Sun Sep 27, 2009
Craig Saxon answered:
No one can tell the future, but there's little doubt home prices will go above where they are now. It's important to realize prices were inflated largely due to the ability of people to buy homes they couldn't afford because they were being qualified for loans based on unsustainably low interest rates or a lack of verification about their ability to repay their loans. Once loans are properly documented and employment rates increase, putting money back into people's pockets, the normal demand for housing to qualified buyers should cause the increase in housing prices that existed prior to the 'bubble' in housing prices due to irresponsible lending and borrowing practices. ... more
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Mon Jan 27, 2014
Gary Swale answered:
It depends on the location of the 50 acres and the foreseeable highest and best use for the land. Is it pasture land? Fenced? Commercial land? Utilities available? These factors all impact the lease value. ... more
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Sat Oct 13, 2012
Sylvia Barry, MAS,CIPS,SRES answered:
Hi Shopper:

Like your name says, you are a 'Shopper' - stay with a Realtor who has the knowledge, the experience, and the patience to work with you to 'shop' for the right house and actually 'negotiate' on your behalf for the right pice for you - you never know what you are able to get until you actually do it ;-)

Sylvia Barry
Frank Howard Allen Realtors
... more
0 votes 4 answers Share Flag
Tue Mar 10, 2009
Pam Buda answered:
Hi there Erica--interesting question! I think that Sonoma County and towns such as Sonoma, Healdsburg and Glen Ellen have been growing in popularity with out of town buyers for many years.

http://www.sonomacounty.com/ is a Sonoma County sponsored website to promote tourism here. Once people visit as tourists, some decide they want a vacation home here, or plan to move here for a lifestyle change. I know, because that is what I did ten years ago! In the past, Sonoma County was flying under the radar relative to Napa County but that is changing, as people come to learn about our wine country lifestyle and the bountiful farms and ranches with an emphasis on sustainable and organic products throughout the county.

So to answer your question the show may have just underscored a trend. The market for homes in the most desirable parts of the county has certainly been impacted by the housing crisis, but not nearly as much as in some areas of the country or more "suburban" parts of the county.

I hope that answers your question. I post on market trends and Sonoma County lifestyle and real estate news at my blog if you want to keep in touch with what is happening here, and I would be happy to answer any questions you might have!
... more
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Thu Feb 19, 2009
David Chamberlain answered:
Being upside down on you mortgage is not enough of a reason to get a loan modification, you need to show a hardship.
0 votes 5 answers Share Flag
Tue Jan 13, 2009
SoCo Real Estate answered:
Nella, Why are you listed as a Real Estate Pro when you have only asked questions, and not answered any on here? Are you a member of BAREIS? You can pull this data from there.
0 votes 1 answer Share Flag
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