Petaluma, CA

As of October 6, 2008 39% of available listings in Petaluma are in escrow.

For the month of September 2008 52 homes sold in Petaluma for an average final selling price of $464,644.

The average original asking price of these homes was $500,669.

The range of final selling prices was from a low of $247,500 to a high of $1,020,000.

It took these homes an average of 95 days to sell.

Of the 52 homes that sold 1 sold at the original asking price and an impressive 17 sold over the asking price.

Of those same 52 homes, 36 were distress sales.

For more information about this area visit my website or contact me directly.

To see all homes that are currently for sale, search our MLS.

Photo Courtesy of LoopNet

With all the news and opinions swirling about most people entering the Real Estate market are convinced that all things Real Estate are Bad. So I blog to tell you that amidst all the bad news, rates finished .125 percent better than where they began a week ago. A small indication that the Federal takeover may bring more good news to those dealing with the Mortgage rates, on a regular basis. As far as things in Sonoma county are concerned, it is apparent that the first wave of the homes hit by the foreclosure storm are most likely gone by now. And everything that remains on the market is slim pickins for those who have been waiting on the sidelines. The World rewards people who are bold and take chances. Now is the time to strike and seize your oppurtunity to upgrade your current living situation or invest in something that could be a real sounds investment. There are many homes that have already sold, but the real work begins now for the RE professionals working with buyers to uncover some real hidden gems.

As of September 5, 2008 36% of available listings in Petaluma are in escrow. This is a refreshing and encouraging trend.

For the month of August 2008 46 homes sold in Petaluma for an average final selling price of $498,526.

The average original asking price of these homes was $530,621.

The range of final selling prices was from a low of $196,000 to a high of $2,407,900. (Only 2 homes sold for over $1M.)

Of the 46 homes that sold 6 sold at their original asking price and 10 sold over their original asking price. Another refreshing and encouraging trend.

Of those same 46 homes 22 were distress sales, ranging in final selling price from $196,000 to $941,500.

It took an average of 97 days for all 46 homes to sell.

For more information about this area visit my website or contact me directly.

As of June 7, 2008 33% of available homes in Petaluma are in escrow. This is very encouraging.

For the month of May 2008 (another encouraging number) 34 homes sold in Petaluma for an average final selling price of $608,176.

The range of final selling prices was from a low of $285,000 to a high of $1,575,000.

It took these homes an average of 106 days to sell.

Of the 34 homes that sold, 2 sold at their original asking price and 5 sold for more than their original asking price.

For more information on this area visit my website or feel free to contact me directly.

Petaluma is the southern gateway into Sonoma County from Marin and San Francisco. The proximity to the big city makes Petaluma a great commute center. Thousands of people commute south every morning along Highway 101. Before the advent of commuting, however, Petaluma was (and still is) a real town in its own right. From the early days as an agricultural center to today's broadband and networking strengths, Petaluma has been an important contributor to the economic vitality of Sonoma County.

You can see in the chart below (live chart with continual updates) that the downturn in real estate prices is still in force near the end of May 2008. One of the factors to note is that the four quartiles don't share the same trajectory. The lower two lines representing the more affordable half of the market are still trending downward. On the other hand, the third and fourth quartiles are showing either a leveling off or slight increase in median price within their ranges. These are small moves, but are a sign that some buyers are back in the market.