Here in Sonoma County, California–Realtors every Tuesday in Santa Rosa gather to “pitch” their Haves (Properties for Sale) and Wants (Needs of their property Buyers) to their fellow Realtors/Agents with the hopes of finding a property NOT yet on the market or a special property for a BUYER who has seen EVERYTHING! As the long-time moderater of this meeting over some 20 years I’ve seen three different marketing cycles. We are NOW entering one of scarcity of homes for sale, many buyers seeking FEW homes, overbidding and a hopefully “appreciating” marketplace. Since inflation is being held in check, we can’t use that favored vehicles to re-coup some or all of our real estate loses. It will be done the old fashioned way: Market Appreciation. Our concencus last week amongst a veteran group of Realtors/Agents–3 to 4% appreciation this year.
What the MOST in demand property type? Single family detached dwelling on a traditional sized lot (6,000sqft or bigger), 3 bedrooms, 2 baths, single level and in the NW, NE, or SE areas of Santa Rosa–price point sub $400,000 range with many in the sub $300k price point.
Next? How about $1,000,000+!! Yup! It’s a bizzarro world marketplace. Luxury homes are in demand as money from silicon valley, IPO big bucks techies plus those retiring with a country lifestyle in mind fuel this price segment.
However, our mid range is also picking up with many buyers in the $500-900K range. Single levels are always big!
Fit any of these pricing or property descriptions? Then we’d LOVE to talk to you. We are the Kelly-Norman Team and are two of the hardest working Realtors in Sonoma County. We provide advice to homeowners seeking to down size their homes BUT NOT THEIR LIFESTYLE! Give Allison and call at 707-799-3617 or shoot her an email: nodumbquestion@gmail.com
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