Category Archives: Allison’s Viewpoint

It is with tremendous sorrow, we share the news of the passing of friend and colleague, Mike Kelly

On Monday, January 28, 2019, we lost an Icon. One of Sonoma County’s Natural Resources!

Mike Kelly was a professional and private person. He was a 2 time cancer survivor and was quietly battling a 3rd. On Monday, he lost his long time battle with Cancer.

There aren’t even enough words to express the wealth and depth of knowledge the real estate community, and Sonoma County as a whole, lost this week. For literally every situation you can imagine, Mike Kelly had a personal story, or a tid-bit of local history, or a solution for a tricky real estate transaction, and he loved to share his knowledge.

Words I’ve consistently heard when people talk about Mike (while he was here with us and since Monday) An Icon, a monument, a leader. Quick witted, feisty, kind, a big heart!  He was a true champion of homeownership and home owner rights. Licensed in 1978, Mike dedicated more than half of his life to real estate, and was proud to call himself a REALTOR – pronounced, “RealTOR” as it should be! 😉

Mike didn’t just dabble in real estate. He was committed to making us better as an industry. He had the philosophy that there was enough business to go around and instead of competing with his fellow agents, he mentored, and educated, was always available for questions, and focused on bettering the real estate industry as a whole.

Those who new Mike will agree that he never went half in to anything. He was a leader in every facet of his life. He didn’t just join a group or association, he joined in a leadership capacity. From Northbay Association of Realtors to the Santa Rosa Chapter of Norbar to California Association of Realtors, and even represented the local Women’s Council of Realtors in his role as president in 1996. In 2003 Mike was nominated by his peers to receive the Spirit Of Sonoma Award. Outside of real estate, Mike was involved in local and international Rotary, Sonoma County Executive Association, the Sonoma County Beekeepers Association, and I’m sure he’s already found a new leadership role.

Mike’s resume takes up almost 3 full pages. The list is long and impressive, including;  Awards, Designations, Realtor of the Year recognitions 2005/2008, and numerous leadership roles. Some designations include: CRS (Certified Residential Specialist, only 3% of Realtors hold this designation), SRES (Senior Residential Specialist), and CIPS (Certified International Property Specialist – he took the courses for this designation in Paris – smart guy)

He was a journalism major; an avid blogger, real estate columnist, and the voice of Real Estate for 34 years through his Real Estate Hour on KSRO, which he recently dubbed “the longest running real estate talk show in the universe”!! And, I think he can own that claim.

His tag line in real estate was “Mike Kelly, One of Sonoma County’s National Treasures” …and he can own that claim as well!

Recognizing the potential, Mike became an investor, founding member/agent, and was instrumental in the opening of the Sonoma County Keller Williams Realty offices in 2005. Since that time, Keller Williams International has become the #1 Real Estate company in the US.

I was lucky to work beside Mike for over 10 years, and pretty much every time I mentioned to another agent that I work with Mike Kelly, the response was the same; “Oh, I just love Mike Kelly” He had that effect on his peers…and really most who knew him felt the same.

There will be a service and celebration of life (time and location is yet to be determined)

Please join us on the radio to say good bye for now. Tune in to KSRO this Friday at 9-10am as Mike’s KSRO family pays tribute to the Man, the Legend, our friend and colleague, Michael J. Kelly (Mike)!! And then your calls, and more on a special 2hour edition of “the longest running real estate show in the universe!!” The Real Estate Hour with Mike Kelly on Sunday! 9-11am KSRO 1350AM 103.5FM and streaming live at KSRO.com

Thanks for the memories Mike – You left a giant hole in our collective hearts – You will be missed <3  Allison

 

Beyond the Peak! October 21, 2018 Radio Show Topics and Info

Good morning to one and all! Here’s some data I’ll be discussing this morning on “The Real Estate Hour” heard every Sunday, 9 to 10am pst. 1350AM, 103.5 and 94.5FM and www.KSRO.com.  Above is a chart showing how far we’ve come from the “Depth” of the recession in relation to median home price in the Bay Area. The top 4 counties with the biggest come back are in double digits. Sonoma County? 3% above.

Currently we have 1055 “Active” or “Showable”  Detached Single Family dwellings listing in Sonoma County-for a population of 500,000+. Slim Pickens!

Of those “Active” listings 316 are $1+Million! or 30%.

Here’s a price breakdown:

0-$250,000     5

$251,000 to $499999  122

$500,000 to $749,999  422

$750,000 to $999,999  190

1+Million to $1,249,999 65

$1,250,000 to $,1499,999  53

$1,500,000 to $1,749,999   31

$175,000 to $1,999,999  29

$2+ Million   128.

Condos–Total of 117.

Solds–obviously due to the Fires of last year the October Sales will be skewed. After October 9th our “Cancelled” and “Expired” listings shot through the roof as those homes listed and lost in the fire left the market.  Sales plummeted but soon heralded a big boom in the $1+Million price point as folks replaced lost homes.

Today we have current 266 Sold sales to date–last year 182.

Median Home prices SOARING in Sonoma County!

Fire victims bidding up home prices evident here in the city of Sonoma

We are seeing some pretty dramatic increases in Median home pricing due to the purchases made by not only fire victims but also those seeking to live in our gorgeous “Destination” county. Graph above shows the City of Sonoma and how the median home price has soared over last year at this time. Areas in Sonoma County where the “Active” listings median home price tops $1,000,000: Sea Ranch ($1,174,500), Sonoma ($1,587,500), Petaluma West ($1,087,000), Sebastopol ($1,150,000), Healdsburg ($1,395,000.

However, inventory continues to be weak but is surging. The amount of “Active” or “Showable” listings for the entire county  jumped over 800 this week but this is still a weak number. The only area of Sonoma County with some double digit price segments is in the NorthWest area of Santa Rosa. So still skinny. Ironic that the 2nd hardest area hit by the October fires has the most inventory.

Remember, our inventory reflects the following areas of Sonoma County, a population over 500,000:  Santa Rosa NW,NE,SE,SW, Petaluma E and W, Healdsburg, Cotati, Rohnert Park, Windsor, Sebastopol, Russian River, Sonoma (city of), Coastal Sonoma, Penngrove, Cloverdale, Oakmont,Annapolis, Sea Ranch

1 in 4 can afford Median Priced home in Sonoma County, California! Bring CASH!

3rd quarter “affordability” numbers for Sonoma County and the NorthBay. We are now at 25% or 1 in 4 folks can afford to buy the median home priced at $630,000. You payment will be $3,180 per month with total income needed of $127,100. And this was BEFORE the “Fire Storms”. Now throw in scarcity and things are just very, very tight! Housing Crisis

Nov 12th Guest: Richard “Dick” Dowd–Long time Engineer and Development Expert

Northern California Engineering Contractors Association Hall of Fame – Inducted 2014

North Coast Builders Exchange Hall of Fame – Inducted 2002

 City of Santa Rosa Board of Public Utilities, Santa Rosa, CA  1994 to Present

Board Member (Chairman – 1996 to 2013)

Sonoma Clean Power Authority  2013 to Present

“Our region has lost up to 7,000 living units, and we had a housing shortage before the fire.  Also, we already had a homeless issue because of the high cost of housing in the region, and we will need temporary housing for them as well as the workforce from outside the area that will most certainly be needed to supplement the locally available construction workforce. In addition, we will need to provide housing (temporary and/or semi-permanent) for those displaced from their homes while they are rebuilding.

We also all need to recognize that this devastating fire(s) is having a damaging impact on the economy of our region.  Jobs have been lost, businesses have shut down, etc., and property taxes will take a severe hit which will damage the ability of the county and our cities to function in a normal fashion.  I have heard that there will be a 20% reduction in the GDP of our county in the short to intermediate term.

I am the Chairman of a group, currently entitled “Rebuild Sonoma Task Force”, which might change soon so that we can assist rebuilding in the other 3 counties also.  The group is made up of builders, contractors, architects, engineers, business groups, financial institutions, and insurance brokers.

All of these groups have experience, and thus valuable input, to getting our region “back up and running” as efficiently and economically as possible.

This is not going to be an easy task by any stretch of imagination, but our group wants to encourage everyone to be patient and do this recovery correctly, more so than just quickly.”

 

 

Longtime community mover and shaker Dick Dowd joins me this Sunday. Engineering expertise and development experience.

POD CAST! Guest Host Otto Kobler’s Financial Fire Show. Super information for all!

 

Otto Kobler
Summit Funding, Inc.
Branch Manager / Senior Loan Officer
okobler@summitfunding.net

Here’s the podcast for Otto’s show last Sunday. Great information on appraisal and lender perspectives regarding impact of the Fire Storms which hit Sonomoa/Napa counties. CLICK RIGHT HERE TO LISTEN! 

 

Podcast of Sunday, Oct 29th Show with Property Tax Assessor Bill Rousseau

Had a great discussion yesterday with County of Sonoma Clerk, Recorder, Tax Assessor and Elections Chief, Bill  Rousseau.  Click to hear the podcast! We had a far ranging discussion on keeping your property 13 status when rebuilding your destroyed home and repairing damage. Also, discussed:  Propositions 60/90 and how you can move your low Proposition 13 tax base with you if moving.  One of the emergency ordinances is found under Revenue and Taxation code 69.3. This allows larger parameters in a homes value if taking your old prop 13 tax base with you–up to 120% of the old value. Also, the number of counties allowing transfer of the old prop 13 base have been changed. Below are those counties:

Contra Costa,  Modoc,  San Francisco, Solano, Sutter, Los Angles, Orange, Santa Clara, Sonoma, Ventura.

Questions? You are encouraged to call: 916-272-3350 or your local County Assessor’s office.

This Sunday, Fire Damage Re-assessment! Sonoma County clerk-recorder-assessor Bill Rousseau Special Guest

Bill will answer ALL of your questions regarding Sonoma County Property Tax issues.

Sonoma County clerk-recorder-assessor Bill Rousseau will join me to discuss emergency reassessments of your fire damaged property. Other “emergency” issues will also be discussed. Have a home partially damaged? What if you are one of a few homes left standing? Lower your assessment? How about your old proposition 13 tax base after rebuilding? This and more will be discussed.

Will the City of Santa Rosa’s New ADU Rules make adding a 2nd Unit Easier? Tune in to find out.

David Guhin, City of Santa Rosa, CA Director of Planning and Economic Development will be on the show to discuss the State’s new requirements, and how cities are now required to make changes allowing for an easier, less restrictive process for adding an ADU (Accessory Dwelling Unit) to your property. More City of Santa Rosa info here

Tune us in at 9-10AM on KSRO 1350AM, 103.5FM and streaming live at KSRO.com.  Call in numbers are 707-636-1350

Search here for Santa Rosa homes for sale with granny unit, 2nd Unit, or ADU, or room to potentially add one? 

Missed the Show? – Listen HERE

 David GuhinDavidGuhin Director of Planning and Economic Development

City of Santa Rosa

 

Mr. Guhin has over 17 years of experience in the public sector, most of which has been with the City of Santa Rosa’s Water Department. In July 2015 Mr. Guhin was asked to lead the former Community Development Department through a series of strategic changes. His first tasks were to tackle the organizational changes that would create the new and revitalized Planning and Economic Development Department and to engage staff in visioning, developing, and implementing a comprehensive Process Improvement Action Plan aimed at positively altering the experience of doing business with and for the City.

Mr. Guhin’s areas of reasonability includes the Planning, Engineering, Building and Economic Development functions for the City of Santa Rosa.   In his time with Planning and Economic Development, Mr. Guhin has established the ongoing process improvement implementation, integrated the Engineering Development Services and Economic Development Divisions into the department, guided the development of the Housing Action Plan, and is leading the development of the City of Santa Rosa’s comprehensive policy on medical cannabis.

Mr. Guhin holds a Bachelor’s of Science degree in Engineering from the South Dakota School of Mines and Technology, and he is a Registered Professional Engineer in the State of California. Mr. Guhin’s recent community involvement includes being Past President for the Redwood Empire Food Bank, and he was the co‐chair for the Amgen Tour of California local organizing committee and has helped to bring the Ironman to Santa Rosa for the next 5 years.

David M. Guhin | Director

Planning and Economic Development

100 Santa Rosa Avenue | Santa Rosa, CA 95404

Tel. (707) 543-4299 | Mobile (707) 687-8806 | dguhin@srcity.org

 

Sales for November of 2016 Sonoma County, California

Heading into the Holidays with low inventory and weak sales.
Heading into the Holidays with low inventory and weak sales.

Here’s the “Tale of the Tape” for home sales, Sonoma County, California, November 2016.

Median home price is up 9% over last year at this time but this is due to the tight inventory market, buyer demand and rates on the rise. As of this writing, December 7, 2016, rates are hovering just at 4 to 4.25%. So the threat of rising rates is bringing those looking to the table. It should be noted we have only 575 “Active” listings for every town in Sonoma County–all price points. Slim pickens

While the median SOLD price is $575,000, the “On the Market” median home price is $749,00. This means of those 575 homes half are below and above that number. Sales are actualy up +2%, or pretty darn close to “Flat” year over year. The “Solds” for 2016 never broke 500 sales in any month. Last year we had two months of 500+ sales.

An indicator of things to come is the “Under Contract” numbers which are down -8% over last year. But this is also seasonal as the slowest months of the year are upon us. Inventory is as you’d expect–down. New properties entering the market -6% and total inventory down -15% year over year.

Positives? DOM or Days on the Market is down -33%! 50 days is the time and our MSI or Month’s Supply of Inventory is only 1.8 months. Put this in context: a “normal” market is 4-6 months supply, under that its a Seller’s market. We have a BIG TIME Seller’s Market!

Here in Sonoma County,Ca our inventory is very tight and days on the market down to 50!
Here in Sonoma County,Ca our inventory is very tight and days on the market down to 50!

Still, if you are a buyer keep at it! Especially if you are below the median home price of $575,000. Less competition and motivated Sellers are a good combination for you! Let us know if we can help! 707-322-8503! Mike Kelly.