Cynthia Larsen - Sonoma County Real Estate Broker

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Petaluma Homes for Sale - Petaluma Real Estate Market Report for January 2011

Petaluma Real Estate Market Report for January 2011

Petaluma, CA is located 40 miles North of San Francisco and 23 miles East of the Pacific Ocean. Some think of Petaluma as two towns, actually, the West side and the East Side, separated by Highway 101.

Homes for sale in Petaluma

West Petaluma shares its history of the 1800's while, for the most part, East Petaluma emerged after World War II in the early 50's. When buyers visit Petaluma, they usually find one side more appealing than the other almost instantly. With almost 55,000 residents, this Southern most city in Sonoma County is appealing to those who enjoy good old fashion parades, especially the Butter and Eggs Day Parade.

The graphs below will help you understand recent trends in the Petaluma Real Estate Market. Data for these graphs is derived from the Bay Area Real Estate Information System (BAREIS). Private sales, multi-family homes and mobile/manufactured homes are not included in this report. The data is believed to be reliable but not guaranteed.

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Median For Sale Vs. Median Sold:
The median price of homes for sale in January 2011: $415,000 (-15% compared to January 2010)
The median price of homes sold in January 2011: $405,000 (-8% compared to January 2010)
The For Sale and Sold medians are very close, a good indicator that homes in all price ranges are selling.

Homes for sale in Petaluma

 

New Properties by Month:
New properties listed in January 2011: 62 (-6% compared to January 2010)
Of these 62 new properties, 34 are distressed (55%)
Unfortunately, we are still seeing a majority of distressed homes coming on the market.

Homes for sale in Petaluma

 

Under Contract Properties by Month:
Properties that had an offer accepted during January 2011: 72 (+44% compared to January 2010)
Of these 72 properties, 52 are distressed (72%)
Wow ... more properties went under contract in January 2011 than any other month in the past year. This is a great indicator of buyer activity in Petaluma!!

Homes for sale in Petaluma

 

Sold Properties by Month:
Properties that closed during the month of January 2011: 33 (+6% from January 2010)
Of the 33 properties that closed, 15 were distressed (45%)
Average Days On Market was 130 days
The DOM this month was higher than it has been for over a year. One home was on the market for 610 days!

Homes for sale in Petaluma

 

For Sale Properties by Month:
Properties for sale in January 2011: 275 (+17% compared to January 2010)
Of the 275 properties for sale, 132 are distressed (48%)
Average Days On Market is 152 days
The DOM is high, but the DOM in January 2010 was 231 so this is huge improvement!

Homes for sale in Petaluma

 


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Cynthia Larsen is the owner and broker of record for Safe Haven Realty and has worked and lived in Sonoma County for over 25 years. For more information about Sonoma County, check out Bodega Bay - Cotati - Petaluma - Rohnert Park - Santa Rosa - Windsor.

 

To view all available homes for sale in Sonoma County, visit Sonoma County Homes For Sale Online!

 

 

Cynthia Larsen
Broker/Owner - Safe Haven Realty

Sonoma County, California, USA
(707) 332-2560

www.cynthialarsen.com


8 commentsCynthia Larsen • February 17 2011 03:08PM

Comments

Cynthia, Bringing it STRONG!!! Solid report!

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) over 3 years ago

Cynthia - Look out Renee Burroughs  here comes Cynthia!  Battle of the All Star charts!

Posted by Nevin Williams, Raleigh Mortgage Pro (Sierra Pacific Mortgage Raleigh) over 3 years ago

BLiz - thanks! The map completes it, dontcha think? :)

Nevin - LOL, Renee is the chart envy of Active Rain!! She rocks!!

Posted by Cynthia Larsen, Sonoma County Real Estate Broker (Safe Haven Realty) over 3 years ago

Cynthia, That map AND the personal comments, and I like the local picture.  Let's everyone know you've been there AND know the area!  Folks need to be calling you if they're looking to buy OR sell in Sonoma County! :)

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) over 3 years ago

BLiz - I love that photo ... Petaluma used to be known as the "Egg capital of the World", hence the Butter and Eggs Day Parade and the chick in the photo.

Posted by Cynthia Larsen, Sonoma County Real Estate Broker (Safe Haven Realty) over 3 years ago

Great marketing report and great graphics to boot.

Keep up the good work and keep blogging.

Tom

Posted by Tom Waite, So Cal-Apartment Bldg Investments (Thomas Waite Real Estate Broker) over 3 years ago

Beats the "Sauerkraut Festival" one of our local towns does!  Hopefully no one from there ever sees this comment!! :)  Shhhhh!!!

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) over 3 years ago

Tom - thank you! This is my first month of market reports, you bet I'll keep blogging!!

BLiz - Ha ha, we have a Poison Ivy Festival here ... makes me itch everytime I think about it.

Posted by Cynthia Larsen, Sonoma County Real Estate Broker (Safe Haven Realty) over 3 years ago

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