May flowers are blooming & so is the Sonoma County market
Can you believe it’s almost summer? Along with the flowers and sunshine, the dynamics of our housing market are changing yet again. There is a subtle but important shift in the market this month. See below for more insight.
Kids are getting out of school and will be home for summer break. Meanwhile, teenagers are leaving home to get ready for college. Needless to say, May and June are months of adjustment. So, should your home adjust as well?
Families shrink and grow with time so ask yourself, what does your family need right now?
Do you need another room to accommodate working from home? Consider expanding your space. Adding a bathroom or primary suite can increase your home’s value in 2024 according to (HGTV).
Is your big house just too much maintenance for you? A recent report shows that Baby Boomers own 28% of the nation’s largest homes, while millennials with kids only own 14%. So, if you’re sick of mowing a massive lawn and paying pricey water bills, I’m happy to help you downsize.
No matter what your real estate needs are or what season of life you’re in, I am here to make these difficult transitions as smooth as possible.
Keep reading for a quick update on the Sonoma County spring market, some local accolades, and fun things to do.
Wishing you a wonderful Memorial weekend and unofficial start to summer!
How is Sonoma County’s Real Estate Market Performing this Spring?
In all areas except one, the inventory was up year-over-year. Some of this was due to a jump in new listings coming on the market, while in others it was an indicator of homes staying on the market longer. In May I believe we will see this shift intensify as we are seeing more price reductions and longer days on market right now.
Pricing your home to sell is critically important!
Compared to the same period last year, the median sales price for single-family homes increased .06% to $850K; condos however increased 16.6% to $507K. Average days on market was similar to last year at 52 days for single-family homes and significantly higher compared to last year at 57 days for condos. The number of residential properties sold was 335, moderately up compared to the same period last year.
When considering the sale of your home or purchasing a new one, it’s powerful to have an advocate in your corner to be your counselor, negotiator, and facilitator for your entire real estate journey–that’s what I do. If you’d like to discuss your options and opportunities to make the most of this market, let’s talk.
The First MICHELIN Key Hotels!
Sonoma County Makes the List…
Congrats to two of my favorites: The Stavrand and The Madrona on earning not one but TWO MICHELIN Keys in the first-ever Michelin Guide for hotels in the U.S. The criteria included quality and consistency in service, comfort, and maintenance, with an emphasis on care, personality, and authenticity. Kudos to both hotels! We’re fortunate to have such great options right in our backyard.
3 Perfect Days in Anderson Valley
Looking for a summer staycation for the whole family (pups included)? I always have a great time exploring the Anderson Valley in Mendocino County. Very dog-friendly. Be sure to stop by the Boonville Hotel for destination dining and Sheepdung Properties for pet-friendly accommodations. View the 3-day itinerary.
REMINDER: OPENING DAY ⚾
Opening Day for the Healdsburg Prune Packers vs the San Francisco Seals
June 5th, 2024 @6 pm pst
Get Tickets Here.
Tip of the Month!
Did you know one of the most practical ways to leave a financial legacy is to help an adult child or grandchild buy a home? Tapping into your equity helps build generational wealth for your family. In fact, last year 54% of millennials who purchased a home received help with the down payment. If you’re ready to learn more about ways to build a real estate legacy, contact me today to learn more about the process.
