Petaluma, CA

With so many questions about what is selling and what is not in our local Sonoma County market and what prices these listings are selling for I figured I would start posting current market statistics. This page contains local sales stats for Petaluma California Real Estate? Following are the stats for the January 2009 market as well as what is currently available in the Petaluma residential real estate market. Residential meaning, Single Family Homes as well as Condos Farms/Ranches.

As of Today February 28, 2009 Petaluma has the following:

280 Active Listings:

List Price Range $189,000 - $7,500,000

Average List Price $636,155

Median List Price $449,000

Of these 280 listings, 53 are Bank Owned aka REO or Foreclosure properties & 92 are Short Sales

99 Listings In Escrow in "Contingent" status:

List Price Range $189,000 - $5,000,000

Average List Price $446,154

Median List Price $355,000

Out of these 99 listings, 27 are Bank Owned & 53 are Short Sales

22 Listings In Escrow in the "Pending" status i.e. All Contingencies have been removed:

List Price Range $239,999 - $2,150,000

Average List Price $517,653

Median List Price $354,450

Of these 22 listings, 8 are Bank Owned & 5 are Short Sales

40 Listings Sold i.e. Closed Escrow During the month of January 2009:

List Price Range $156,900 - $750,000 * Selling Price Range $162,000 - $720,000

Average List Price $381,501 * Average Selling Price $376,508

Median List Price $354,950 * Median Selling price $720,000

Of these 40 listings, 24 were Bank Owned & 5 were Short Sales

Petaluma has been following suit with a good amount of the rest of Sonoma County by being heavily loaded with bank owned (foreclosed homes) and short sale listings. There will usually be a larger number of short sales in escrow but when it comes to the numbers of listings that actually close escrow and show up as sold the numbers will be heavier on the bank owned/REO side.

Petaluma has been an active market with many of the well priced listings having a good number of multiple offers and often times selling for above the list price.

What Do All The Numbers Mean?

Considering the current available volume of listings and that we have been consistently selling approximately 619 listings a month, Petaluma has just under 6 months of inventory. If I break these numbers out further, we have about a 3 month inventory of Bank Owned homes and a 13+ month inventory of Short Sales.

Have I Missed An Important Piece of Information You Were Hoping To Find?

Upon Request I am happy to further drill down these stats to neighborhoods within Petaluma such as East or West Petaluma or a more specific neighborhood.

Please come back mid month March for the February stats.

As of February 7, 2009 33% of available listings in Petaluma are in escrow.

For the month of January 2009 40 homes sold in Petaluma with an average final selling price of $376,508.

The average original asking price of these homes was $412,714.

The range of final selling prices was from a low of $162,000 to a high of $720,000.

Of the 40 homes that sold, 2 sold at their original asking price and 9 sold over their original asking price. All others sold for less.

29 of these 40 homes were distress sales.

It took these 40 homes an average of 101 days to sell.

To see all homes that are currently available for sale, click here.

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

As of January 13, 2009 an encouraging 29% of available listings in Petaluma are in escrow.

For the month of December 2008 45 homes sold for an average final selling price of $432,537.

The average original asking price of these homes was $467,226.

The range of final selling prices was from a low of $223,000 to a high of $1,020,000.

Of the 45 homes that sold 3 sold at their original asking price and 11 sold for more than their original asking price.

24 of the 45 homes that sold were distress sales.

It took these 45 homes an average of 98 days to sell.

To see all homes that are currently available for sale, click here.

To learn more about this area visit my website or contact me directly.

As of December 6, 2008 34% of available listings in Petaluma are in escrow.

For the month of November 2008 50 homes sold in Peataluma for an average final selling price of $466,698.

The average original asking price of these homes was $520,517.

The range of final selling prices was from a low of $270,000 to a high of $3,200,000.

It took these homes an average of 127 days to sell.

Of the 50 homes that sold 3 sold at their original asking price and an impressive 15 sold for more than their original asking price. 36 out of the 50 were distress sales.

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

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