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Petaluma, CA Real Estate News

By Stephen Cappa, CA BRE# 1215943/01748618
(California Real Estate Loans, dba APMC)
I have always been of the mind that a person should always continue to further their education.  In that light i have registered for new ways to remain active and to continue to improve my ability to serve my clients.  I am implementing a system known as "the edge" which is used by some of the top professionals Nationwide. Please feel free to inquire about anything you may be concerned about, and i'm sure that i can alleviate those for you.
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By Stephen Cappa, CA BRE# 1215943/01748618
(California Real Estate Loans, dba APMC)
I am a Realtor working in Sonoma County, and having lived in Rohnert Park for several years i have a pretty good base of information regarding the area in general and the Market more specifically.  If there are people out there looking to chat with someone about the trends of the current real estate market to gather perspective before getting involved in a Real Estate transaction, i'm your guy.  I have knowledge about a wide variety of things concerning the area, such as the Job market and a place to have a great weekend getaway, so you can see I am not limited to Real Estate services.  The great thing about being in Petaluma or Sonoma, is the fact that you need not travel far to find a new territory to explore. You canlose yourself in the tranquility of the vineyards that seem to blank...
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By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of August 5, 2008 an encouraging 32% of available listings in Petaluma are in escrow. For the month of July 2008 65 homes sold in Petaluma for an average final selling price of $487,202. The average original asking price of these homes was $528,341. The range of final selling prices on these homes was from a low of $242,000 to a high of $1,100,000. It took these homes an average of 113 days to sell. Of the 65 homes that sold 6 sold at their original asking price and a whopping 13 sold for more than their original asking price.  32 of these 65 homes were distress sales. To see everything in the area that is for sale search our MLS. For more information about this area visit my website or contact me directly.
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By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of July 11, 2008 an impressive 33% of available listings in Petaluma are in escrow.  (Is that light I see at the end of the tunnel?) For the month of June 2008 (drum roll, please...) 64 homes sold in the Chicken Capital of the World, for an average final selling price of $478,829. The average original asking price of these homes (without any price reductions) was $512,342. The range of final selling prices was from a low of $200,000 to a high of $1,375,000. It took these homes an average of 101 days to sell (but they are finally selling). Of the 64 homes that sold (get ready for more encouraging numbers) 5 sold at their original asking price and 12 sold for over their original asking price. For more information about this area visit my website or feel free to contact me directly. If ...
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By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of June 7, 2008 33% of available homes in Petaluma are in escrow.  This is very encouraging. For the month of May 2008 (another encouraging number) 34 homes sold in Petaluma for an average final selling price of $608,176. The range of final selling prices was from a low of $285,000 to a high of $1,575,000. It took these homes an average of 106 days to sell. Of the 34 homes that sold, 2 sold at their original asking price and 5 sold for more than their original asking price. For more information on this area visit my website or feel free to contact me directly.
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By Dave Roberts
(Healdsburg Sotheby's International Realty)
Petaluma is the southern gateway into Sonoma County from Marin and San Francisco. The proximity to the big city makes Petaluma a great commute center. Thousands of people commute south every morning along Highway 101. Before the advent of commuting, however, Petaluma was (and still is) a real town in its own right. From the early days as an agricultural center to today's broadband and networking strengths, Petaluma has been an important contributor to the economic vitality of Sonoma County. You can see in the chart below (live chart with continual updates) that the downturn in real estate prices is still in force near the end of May 2008.  One of the factors to note is that the four quartiles don't share the same trajectory. The lower two lines representing the more affordable half of t...
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By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of May 10, 2008 26% of available listings in Petaluma are in escrow. For the month of April 2008 45 homes sold in Petaluma for an average final selling price of $595,649. The average original asking prices of these homes was $645,441. It took these homes an average of 93 days to sell. Of the 45 homes that sold, 6 sold at their original asking price and 5 sold over. For more information about this area visit my website, or feel free to contact me directly.
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By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of April 5, 2008 26% of available listings in Petaluma are in escrow.For the month of March 2008, 26 homes sold in Petalums for an average final selling price of $559,781.The average original asking price of these homes was $609,244.It took these homes an average of 89 days to sell.Of the 26 homes that sold, 2 sold at their original asking price and 1 sold over.For more information about this area, visit my website, or feel free to contact me directly.
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By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of March 8, 2008 19% of available listings in Petaluma are in escrow.For the month of February 2008, 25 homes sold in Petaluma for an average final selling price of $461,800.The average original asking price of these homes was $530,498.It took these homes an average of 110 days to sell.Of the 25 homes that sold, 3 sold at their original asking price and 1 sold over.For more information about this area, visit my website, or feel free to contact me directly.
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By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of February 2, 2008 15% of available listings in Petaluma are in escrow, and it is definitely a Buyer's Market.For the month of January 2008, 23 homes sold in Petaluma for an average final selling price of $773,783.The average original asking price of these homes was $882,252.It took these homes an average of 122 days to sell.Of the 23 homes that sold 3 sold at their original asking price and all other sold for less.For more information about this area, visit my website, or feel free to contact me directly.
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By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of January 5, 2008 17% of available listings in Petaluma are in escrow, indicating a Buyer's Market.For the month of December 2007 34 homes sold in Petaluma for an average final selling price of $489,879.The average original asking price of these homes was $545,046.It took these homes an average of 96 days to sell.Of the 34 homes that sold, 8 sold AT their original asking price and 5 sold OVER.For more information about this area, visit my website, or feel free to contact me directly.
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By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of December 6, 2007 17% of available listings in Petaluma are in escrow.For the month of November 2007 31 homes sold in Petaluma, for an average final selling price of $551,677.The average original asking price of these homes was $607,166.It took these homes an average of 112 days to sell.Of the 31 homes that sold, 1 sold AT the original asking price and 2 sold OVER.It is truly a Buyer's Market.  To learn how you can benefit, contact me.Or, for more information about this area, click here.
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By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of November 3, 2007 only 12% of available listings in Petaluma, CA are in escrow -- indicating a strong buyer's market.For the month of October 2007, 33 homes sold in Petaluma for an average final selling price of $582,589.The average original asking price of these homes was $637,705.It took these homes an average of 90 days to sell.Of the 33 homes that sold, 2 sold AT their original asking price and 2 sold OVER.For more information about this area, click here, or feel free to contact me directly.
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By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of October 4, 2007, only 11% of available listings in Petaluma, CA are in escrow.  It is definitely a Buyer's Market, so it does beg the question:  Where are the Buyers?In the month of September 2007 31 homes sold in Petaluma for an average final selling price of $642,334.The average original list price of these homes was $677,828.It took these homes an average of 84 days to sell.  Of the 31 homes that sold, 2 sold AT their original asking price and 1 sold OVER.For more information about this area, click here, or feel free to contact me directly.
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By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of September 7, 2007 10% of available listings in the town of Petaluma are in escrow.For the month of August 2007, 49 homes sold in the town of Petaluma for an average final selling price of $686,999. The average original asking price of these homes was $750,862.  (These numbers will change slightly due to one home's selling price being entered incorrectly.)It took these homes an average of 90 days to sell.Of the 49 homes that sold 5 sold AT their original asking price and 2 sold OVER.For more information about this area, click here, or feel free to contact me directly.
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By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of August 5, 2007 14% of available listings in Petaluma are in escrow.For the month of July 2007, 45 homes sold in Petaluma for an average final selling price of $651,434.The average original asking price of these homes was $684,727.It took these homes an average of 64 days to sell.Of the 45 homes that sold, 6 sold AT their original asking price and 6 sold OVER.For more information about this area, click here, or feel free to contact me directly.
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By Scott Dovala, Santa Rosa Mortgage and Home Loans
(Ascent Home Loans)
With all the newspapers, TV News and stories on the internet in regards to what's going on in mortgage industry, sometime it might be a little scary to even think about getting a loan.  Loan programs have changed or have been entirely discontinued, everyone has heard about the sub-prime problems, in fact you may have a sub-prime loan right now as you're reading this. Mortgage companies all across the US have closed their doors. Actually, things are not as bad as they seem. There are still plenty of loan programs available to current homeowners, investors and first-time buyers. Despite what the news reports have been implying, there are actual senior loan officer's across the US, including myself,  who are reputable and are willing to take the time to talk to their clients and help them ...
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By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of July 6, 2007 18% of available listings in Petaluma are in escrow, indicating a Buyer's Market.For the month of June 2007, 51 homes sold in Petaluma for an average final selling price of $603,547.These homes had an average original asking price of $629,313.These homes took an average of 82 days to sell.Of the 51 homes that sold, 10 sold AT their original asking price and 5 sold OVER.For more information about this area, click here, or feel free to contact me directly.
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By Tracy Kline, Tracy Kline
(Sequoia Pacific Mortgage)
PetalumaPetaluma Regional Library - need Sonoma County Library card - 100 Fairgrounds Dr - (707) 763-9801Marvin's on the Boulevard Restaurant - 317 Petaluma Blvd South - 707 765-2808Cottage Gardens - ask for security key at counter - 3995 Emerald Drive Check out Other Free Spots in CA!http://www.wififreespot.com/ca.html
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By Tracy Kline, Tracy Kline
(Sequoia Pacific Mortgage)
This article helps to support the idea that working with a Real Estate Agent that understands the market is more important than you may think. I work with all my clients to get them the house that is right for them and their budget. I am very aware that the market is shifting and advice my clients to do what is the best for them.Below are a few highlights from an article written by George Mannes, from Money Magazine that helps to outline what the signs are for a shifting market and which way the shift is heading. In addition to these I feel that it is crucial to take a look at the economy of the region in addition to lending practices. If we have weak job growth for example I would be hard pressed to think that we would see a large increase in housing prices. Mortgage interest rates als...
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