It is no surprise that single family homes continued to be snatched up as quickly as they hit the market in July. The data shows that available housing has continued to shrink even as the demand has escalated. Here are the results for July 2020:
Sonoma County
- Houses that went into escrow: 622
- Closed escrow: 563
- New listings: 431 (25% fewer than July 2020)
- Available August 1: 675 (12% fewer than July 2020)
Marin County
- Houses into escrow: 231 (29% fewer than July 2020)
- Closed escrow: 241
- New listings: 169 (39% fewer than July 2020)
- Available August 1: 209
- Median price: $1,800,000
Napa County
- Houses that went into escrow: 128
- Closed escrow: 115
- New listings: 101 (60% fewer than July 2020)
- Available August 1: 245
- Median price: $925,000
If you are looking for a fast close on your property purchase, consider a temporary mortgage through Sun Pacific Mortgage. We offer private lending opportunities that can be completed in a week, if needed! Give us a call at 707-523-2099 to see what we can do to help you during these frenetic paced real estate transactions.