All posts by Allison Norman, Realtor #01720334

For over 30 years, Mike Kelly was the voice of Sonoma County Real Estate, Allison Norman joined Mike as a business partner and co-host in 2009. Sadly, we lost Mike in January 2019. We lost a great friend and the community lost an icon, and a wealth of information. In Mike's honor, Allison will continue Mike Kelly's Real Estate Hour and The Real Estate Hour Blog, and brings her expertise in Sonoma County real estate to the show with current topics and local guests on the weekly Real Estate Hour on KSRO, 1350AM.

Slow Food! Join our movement to protect endangered FOOD! Heritge Turkeys,vegtables,Legumes! All good Food Stuffs!

 

Help Us Grow the Movement–Join Slow Food USA

and help us turn the momentum from our Time for

Lunch campaign into legislation that protects our

children’s health.

 In September, any first-time donation to Slow Food USA will make you a member.

As a member, you will:

  • Get connected to your local chapter, made up of people who care about food, agriculture, health and the environment.
  • Get invited to local, regional, national and international events that celebrate good, clean, fair food.
  • Receive member-only discounts on select events and publications.
  • Become part of a growing movement that is changing the way America eats!

Latest Sales Numbers for July Median down ONLY 10%!

The big news is we hit 500 Sales for the first time since October! Yeah! But we ARE in PRIME TIME so we’d better beat that wild and crazy October sales number.

  • The other BIG news is the median, usually dropping some 25%+ per month is down ONLY 10% over last years median!
  • Sales are up a modest 6.5% mainly due to the LACK of inventory. Last year at this time we had 2600 listings but are limping along in ’09 at just 1574 total homes on the market in Sonoma County!
  • Here’s some other categories and numbers:
  • REO’s or Real Estate Owned-those ‘post’ foreclosure–sales are down 32% over last year!
  • We only have 131 “Active” REO’s! REO’s make up ONLY 8% of the active market but 29% of ALLSALES! Wow!
  • Short-Sales: those with loan amounts HIGHER than the list price-sales have fallen 14% over last month at 86 but are up a whopping 42% over last year! However, the average time on the market is still a huge 176 Days! Of our 1058 in escrow or Continue to Show homes, 645 are Short-Sales! We ONLY have 67 pending which is a firmer transaction!
  • Oddly, the number of VACANT omes is now at 535 of All Active listings and 303 of ALL the 500 Sales or 60%! The foreclosure sales toal 46% (REO’s and Short-Sales”) but 14% more ARE Vacant! Interesting?!!