Sonoma, Marin, and Napa Counties have seen unprecedented sales numbers since the Spring of 2020. Pandemic conditions which resulted in remote working and distance learning has created a surge of demand for larger homes and bigger lots.
Many San Francisco and Silicon Valley homeowners have found the answers to their search for a more compatible living arrangement in the North Bay. January real estate statistics present a picture of what happens when there is a rush on single family properties and extraordinarily little inventory.
SONOMA COUNTY:
- New escrows: 193 (down 27% from 1/2020)
- New listings: 207 (down 45% from 1/2020)
- Sold: 308 (up 34% from 1/2020)
- Inv. As of Feb.1: 458 (down 28% from 1/2020)
MARIN COUNTY:
- New escrows: 106 (up 17% from 1/2020)
- New listings: 106 (down 17% from 1/2020)
- Sold: 140
- Inv. As of Feb.1: 139
NAPA COUNTY:
- New escrows: 52
- New listings: 55 (down 46% from 1/2020)
- Sold: 69
- Inv. As of Feb.1: 188
It is expected that the immense demand for homes from buyers coming from more urban areas of California will continue and possibly even escalate going into the first half of 2021.
If you need a fast close or do not qualify for a conventional loan, give Sun Pacific Mortgage a call at 707-523-2099 to obtain a privately funded mortgage. We have helped thousands of folks just like you over the past three decades we have been in business in California. Our private money financing can be quite beneficial.
