Petaluma, CA

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.

As of May 10, 2008 26% of available listings in Petaluma are in escrow.

For the month of April 2008 45 homes sold in Petaluma for an average final selling price of $595,649.

The average original asking prices of these homes was $645,441.

It took these homes an average of 93 days to sell.

Of the 45 homes that sold, 6 sold at their original asking price and 5 sold over.

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

As of April 5, 2008 26% of available listings in Petaluma are in escrow.

For the month of March 2008, 26 homes sold in Petalums for an average final selling price of $559,781.

The average original asking price of these homes was $609,244.

It took these homes an average of 89 days to sell.

Of the 26 homes that sold, 2 sold at their original asking price and 1 sold over.

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

As of March 8, 2008 19% of available listings in Petaluma are in escrow.

For the month of February 2008, 25 homes sold in Petaluma for an average final selling price of $461,800.

The average original asking price of these homes was $530,498.

It took these homes an average of 110 days to sell.

Of the 25 homes that sold, 3 sold at their original asking price and 1 sold over.

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