When we compare Petaluma homes pending contract in January-February of last year versus the numbers that have just come in for 2017, there is almost a 70% increase! But it’s important to note that luxury homes for sale are actually down. Which means this is an ideal real estate market for sellers.
Low Inventory of Petalma Luxury Homes for Sale
The lower inventory of luxury homes for sale means more buyers and increased competition, raising certain price points. Sales in Q1 of 2017 have exceeded those in Q1 of 2016. Currently, East Petaluma average sale price is $633k while West Petalumas is hovering around $792k. Read the full article to get more details on the Petaluma and Penngrove real estate market!Download Article