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How Did North Bay Real Estate Market End The Year?

Jan 26, 2021  , , , , , , ,

How Did North Bay Real Estate Market End The Year

Recession?  What recession?  This word has alluded the real estate market since early spring.  We have only to look at December’s North Bay market numbers to see that there has been little to no effect on the real estate segment in Sonoma, Marin, and Napa Counties.  Here is proof based on data points from the North Bay MLS as it relates to single family homes:

SONOMA COUNTY:

  • Sold:  355 (up 35% from 2019)
  • New Listings:  179
  • Closed Escrows:  421 (up 31% from 2019)
  • Remaining listings December 31:  500 (down 22% from 2019)

MARIN COUNTY:

  • Sold:  146 (up 68% from 2019)
  • New Listings:  57
  • Closed Escrows:  238 (up 35% from 2019)
  • Remaining listings December 31: 154

NAPA COUNTY:

  • Sold:  79
  • New Listings:  38 (down 22% from 2019)
  • Closed Escrows:  128 (up 42% from 2019)
  • Remaining listings December 31: 183

These statistics would seem to confirm the trend toward deurbanization that we have witnesses since the spring this year.  More homeowners in the core Bay Area metropolises are seeking space and homes that allow for work-at-home and remote schooling.   Add to this wish list the desire for more outdoor space and you have the directions to the North Bay real estate market.

If you are thinking of making a move anywhere in California, but cannot qualify for a conventional loan, give Sun Pacific Mortgage a call at 707-523-2099.  We have helped thousands of folks just like you over the past three decades to obtain private money loans and land their dream homes.




The content of this blog contains general advice only and does not consider individual financial circumstances, desired loan amounts or existing real estate or lending transactions. This information is intended for licensed Real Estate Agents and licensed Lenders/Mortgage Brokers and is posted on our company website and specific blog sites with the express purpose of reaching such licensed individuals.

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