Although property listings and sales are decreasing in Sonoma County, Petaluma California real estate is booming in comparison! Especially when looking at stats across the country. Looking at the last three months (November 2016 – January 2017), Petaluma is seeing a big bump up. Homes for sale went up 22% and both new listings and pending sales went up 10%.
Petaluma California Real Estate Raising the Bar
Not only have listings and sales increased into the new year. The average price per square foot sidled up 5% with the average closed sale price up 10%. Not to mention the average number of days on the market dropped from 63 days to 54.
“This shows sellers that had overpriced properties adjusted with the market reality in their price point. An important factor when selling in a price point that has a smaller pool of buyers.” -Realtor Rebecca Celli
Another interesting trend in Petaluma California real estate? This time frame was just after the presidential election, which caused market fluctuation in many areas in the U.S. (and world, really). But it seems to have had no effect on Petaluma. Read the article in full and see exactly where Petaluma stands today!Download Article