In the February 28 edition of The Press Democrat, Garrett Snedaker presented a snapshot of the real estate facts and figures for January 2021 broken down by city and type of property. Below are some interesting highlights:
Sonoma County Luxury Homes (Exceeds $1.5M):
Other statistics for Sonoma County:
Across the country, it is expected that 30-35% of homes will have a price reduction, but for January 2021 all closed Wine Country sales only had between 20% (Mendocino) and 28% (Sonoma).
On the other hand, the ration of homes selling more than the original list price ranged from 30% (Mendocino) to 40% (Napa).
From the looks of January real estate business in the North Bay, it appears that we off to a robust, if challenging market, going into the rest of 2021. Buckle up!
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