Facilities or Fundamentals? What are the Top Things to Consider When Buying Horse Property in Sonoma County?
[caption id="attachment_1757" align="alignleft" width="300"] Roses line the path to this Sonoma County barn[/caption] In my post earlier today I talked about the two factors driving most horse property buyers I have met in Sonoma County. I related my own experience buying my own horse property here, and I pointed out a new listing yesterday that fit the bill on both accounts: dialed in facilities well thought out from a horse-owner (and of course HORSE) viewpoint, plus beautiful wine country bonuses--panoramic views, one of the most popular Sebastopol locations, and a good southerly route for San Francisco Bay Area commuters. This has sparked some conversations with other horse property clients and friends of mine. I just spoke with one who said that her thinking evolved as she searched for property. In the beginning she thought it was about finding the right set of horse improvements, such as barn, fencing and arena. Over time (and working with me I might add), her thinking evolved. She began to realize that location, setting, proper soils and drainage were all paramount, not to mention adequate space for her horses. Those were non-negotiable. Facilities she could add. And she has! The further advantage of putting in your own facilities is that you can design them as you wish, for your horses' needs. No need to adapt to someone else's vision. Plus horse improvements depreciate rapidly, so the condition of the improvements should be carefully evnaluated. I have seen lots of properties advertised as having arenas which are nothing more than a rectangular fenced area. I have seen covered arenas advertised that had no footing. Horse fencing advertised that is not safe for horses, etc. As we further talked though we discussed some cases in which buying existing improvement can make sense. Obviously if they are in great shape and match your needs, then it is cheaper to buy them already installed. Something which can cost several hundred thousand dollars such as a covered or indoor arena loses that value once installed and a seller will rarely recoup it these days, so you might as a buyer have a good opportunity to get a very nice arena at a good savings. So you can make a case in either direction. One thing to consider in buying (or selling!) a horse property is that it makes sense to work with a realtor who knows horses and horse property so you can...
Is it Sonoma County Horse Property? Or is it Horse-Able? What matters most to you?
[caption id="attachment_1740" align="alignleft" width="300"]Grazing at Home Next to a Russian River Valley Vineyard"] [idx-listing mlsnumber="21212955" showall="true"[/caption]I have been working on "how-to" series this month. How to Buy Country Property? What you need to know about Water and Country Property. Last but most definitely not least is "How to" buy horse property in the wine country? This blog is called Wine Country and Horses after all. I thought it would be a pretty straightforward matter until I started talking to my clients who have purchased horse property through me, until I realized there was one basic point to consider before getting in to the details. When you buy your horse property, what is most important to you as you search? A. The land, location (including trail access), setting and house? B. The fencing, barn and arena, if any? I realize that my clients tend to fall in to one of the two camps. I personally was in the first camp. The setting and location and to a lesser extent the house were paramout to me. I would have loved to find a property that also had a barn and fencing but that was secondary. I had to find the right place first for the horses and me. For the right price I could buy the property and put the improvements in as I saw fit. When I was looking for my place in 1999, I saw one house in Sebastopol that didn't do too much for me, but the neighboring property had a nicely put together arena, fencing and a barn. If that one had been for sale at the time I might have bought it. [caption id="attachment_1752" align="alignleft" width="300"] Arena with a View[/caption] Guess what? It came on the market yesterday. Here is a link to the listing. If you want a combination of a true wine country Sebastopol location, PLUS dialed in horse facilities: a six stall MD Barn with paddocks off the stalls on one side, trailer parking and a bunch of pasture turnout linking barn and a nice arena with proper drainage and footing, here you go. I have seen most of the horse properties, or horse-able properties in Sonoma County. IF you want to learn more, please call or email me. [idx-listing mlsnumber="21212955" showfeatures="true" showlocation="true"]...
Detailed Luxury Home and Ranch Report for Sonoma County Home Sales
Sonoma County Million Dollar Plus Home and Ranch Sales Report through April 2012 Here is the detailed set of tables and charts looking at the sales statistics for million dollar plus homes and ranches in Sonoma County. It would be difficult to break this data down and look at trends in the rate of sales in different communities such as Healdsburg or Sonoma since the sample size is so small. That is why we so often look at the county as a whole. Typically the most desirable locations will see the quickest rebound and highest activity. Good sales activity doesn't mean sellers can overprice their properties and hope to be successful, but they can be more positive about bringing well-presented and well-priced properties to market, because the buyers are out there. Trends of note--the number of expired listings has declined steadily over the last year. During the depths of the market downturn many properties were pulled off the market when they didn't sell. A lower rate of expired listings is obviously coupled with a higher rate of newly open contracts and closed sales. While we may have had some price declines in this segment as recently as 2011, all the signs point to stabilizing prices and possible modest price appreciation in the years ahead. All data is pulled from the BAREIS Multiple Listing Association. That is, it is provided by the various brokerages in the county from their actual listing sales data....
Sales of $1Million Dollar Price Homes in Sonoma County up and Inventory is Down
The sales of luxury homes, ranch and estate properties in Sonoma County are up significantly as of May 2012. At the same time, inventory is down and days on market are declining. All of these are encouraging signs for the overall market for higher end homes throughout Sonoma County....
Wine Country Busman's Holiday: Visiting the "Other" Wine Country in Napa
I had a great time with family and friends on Memorial Day. What did we do? We visited the other wine country. We headed to Napa (the city of) for the afternoon. Since I live and work primarily in Sonoma County, it is fun to have a getaway in the wine country! Downtown Napa is quite pretty, and the city and county of Napa are working to increase tourism there. It doesn't hurt that a whole raft of excellent restaurants are walkable downtown: Celadon, Angele, Ubuntu (on sabbatical?) and others. We had a great lunch at Angele, sitting outdoors right on the Napa River. Angele is a collaboration from Claude Rouas, legendary for L'Etoile on Nob Hill in San Francisco, Auberge de Soleil, further north in Rutherford (one of the most stunningly beautiful settings I have seen for a restaurant) and more recently, Redd in Yountville. The restaurant is built in an old ship chandlery, right downtown, and a great spot for a delicious but casual lunch or dinner. After lunch we walked a mile or so over to the Oxbow Market and I have a new (for me) foodie destination for a quick meal or snack when I am in the area. I would actually drive out of my way to stop here. Oxbow is a wine country spin on the concept of the Ferry Plaza Marketplace in SF, bringing together food and wine from seafood to ice cream, wine to cheese, charcuterie to fine coffee and more. Most of the products are locally sourced or from local vendors, following the locavore trend. Anyway, I didn't intend to write a PR puff piece for Napa. It is just that I live driving over the county line, and feeling like I am on an instant vacation! Back to your regularly scheduled Sonoma County programming shortly! ...
Sonoma Horticultural Nursery in Sebastopol
Sonoma Hort (www.sonomahort.com) is a must see but only if you love beauty and lots of flowers, in this case, masses of rhododendrons, azaleas, camellias, hostas and more, all on 8 acres in South Sebastopol. The second owners have had it since the seventies and it is a retail/wholesale nursery masquerading as an amazing park, with 1.5 miles of trails winding through it, a pond and a meadow and altogether enough picnic tables and benches to have a lovely meal or snack (Just make sure you take all your leftovers with you.) Sonoma Hort is just one of many truly special gardens and large scale nurseries which make Sonoma County such a wonderful place to be. ...
Detailed Country Property Sales Report for Sonoma County
Yesterday I published a post about the dramatic increase in country property newly pending sales compared to the depths of the recession in 2009. Here is a link to the complete report. Enjoy! PLease feel free to comment or send questions. I'd love to hear from you. Sonoma County Country Property Sales Report...
Sonoma County Country Property Pending Sales up 238% Over the Market Bottom in 2009
Following (or leading?) the general pickup in the real estate market both locally here in Sonoma County, and nationwide, country properties are strong. Newly pending sales of properties on 2 acres or more in Sonoma County are at more than the three year high, up 238% !! over the same time in 2009. In fact, February 2009 was the bottom for the median sales price in the county, and the chart belo0w conveniently looks at the sales of country property throughout Sonoma County during that time. All sales that are opened don't necessarily close--there could be property "issues" or financing "issues." Still the number is a good leading indicator of market activity. The jump in sales of country properties is SIGNIFICANTLY higher than the jump in sales of all single-family residences. [caption id="attachment_1629" align="alignleft" width="300" caption="Country Property Sales up 238% from Market Bottom in 2009"][/caption] Contrast this with the overall rate of newly signed contracts for all single-family residences in Sonoma County. Compared to SFD's, country property sales really took a dive when the market did the same, while sales in 2009 were focused on inexpensive single family homes and condos. The change in rate of sales for all single family homes (including country properties) has increased, but risen only 21% from the trough year in 2009. So what does this mean? In short, if you have a nice country property to sell in Sonoma County and have been on the sidelines, this spring and summer might be the right time for you to sell. Inventory is becoming more balanced between buyers and sellers, and there is strong demand. I believe that will only continue to grow, as Sonoma County's lifestyle and close proximity to San Francisco make it such a desirable place to live. Please give me a call or drop me an email if you would like to learn more! ...
Lots and Land Sales Report for Sonoma County
[caption id="attachment_1732" align="alignleft" width="300" caption="Residential Lots near the Sonoma Plaza"][/caption]Since home prices declined so significantly since 2007, the market for buildable lots and land in Sonoma County has been very slow for the last few years. That has started to change as new construction is picking up again. Also, in Sonoma County, picky buyers from out of the area with specific home design desires are beginning to build their own custom homes again. Again, while the unit sales are slow for lots and land, sales are picking up. These figures do not include commercial lots, but they do include agricultural lots. The market for plantable vineyard land, and existing vineyards of high quality, is rather strong. Weighing against new construction are ever escalating contruction and building costs, along with city and county regulations. For a post on Sonoma County's Permit and Resources Department (PRMD) click here. In Sonoma County as well we are seeing an increased impact on building concerning endangered or threatened species such as the California tiger salamander, the Pritkin marsh lily and the bank swallow. Again, a caution in that the sample sizes here are so small that it is difficult to draw conclusions from them. I really am including these for reference purposes. Please let me know if you have any questions. Sonoma Lots and Land...
"You Don't Need to Retire to Move to Paradise…"
For anyone considering a move to Sonoma County from life in a more urban environment, you can't go wrong reading Dewey and Susan Watson's book, Shift and Shout! about their journey of discovery in a move from Oakland to West Sonoma County....