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California North Bay Real Estate Trends

Wine Country Real Estate Trends For January 2022

Overbidding has become a common catch word in real estate, with resolute, prospective buyers showing over time that they’re willing to pay over asking price. The trend has accelerated in the last few years since the pandemic took hold. In May 2020, 25% of the offers were over the listing price. Three years later, 55% of the bids were over.

Listings are low all over California and across the nation, insiders have indicated. Therefore, home sales are fewer in numbers by about 20%. One North Bay County, Sonoma, knows the pain of the housing shortage, lacking about 38,000 units to provide adequate shelter for its residents. Still, home sales are still happening as the demand refuses to subside.

We just need to look at the median home price in the following cities to realize that the “supply and demand” principle is alive and well in the North Bay.

2023 Sonoma County median sales price

-Brokerwood: $2.9M

-Sea Ranch: $1.3M

-Healdsburg & Bodega Bay: $1.2M

-Penngrove & Glen Ellen: $1.1M

-Sebastopol: $1M

-Sonoma: $987,000

-Santa Rosa: $943,000

-Petaluma East & West: $925,000 & $850,000, respectively

Source: Compass

The heavy demand and lack of resale property has forced the average days on the market to plunge in a 3 ½-year period, from a high of 88 days in January 2020 to 40 in May 2023, according to the Compass analysis.

For those hopeful homebuyers and Investors, if you are looking to increase your odds with a stronger purchase offer, or you want to get in on those fix & flips or up & coming newly constructed homes but having difficulty with mortgage approval elsewhere, try reaching out to Sun Pacific Mortgage & Real Estate.  We have been lending in California for almost 36 years, are family owned & operated and are trusted by over 10,000 borrowers & buyers.  We are happy to help when we can!  Find us at www.sunpacificmortgage.com or call us at 707-523-2099.

Trusted for Over 35 Years – Real Estate Financing

Are you, a family member or friend trying to buy or refinance a house – and need this done fast or are having difficulty with financial approval elsewhere? If so, we can help – we’re direct lenders.

Trusted Are You, A Family Member Or Friend Trying To Buy Or Refinance A House – And Need This Done Fast Or Are Having Difficulty With Financial Approval Elsewhere? If So, We Can Help – We’re Direct Lenders.At our family owned and operated company, we have helped well over 10,000 Borrowers & Buyers with our FAST Private Money Programs – just like we did below:

Loan of the Week

A Buyer and her Agent from San Mateo County reached out to us, desperate to save a home purchase. The Buyer was in Escrow but had just been turned down by Underwriting, due to some last-minute credit issue.  $1Million was needed immediately and with the Borrower’s big down payment and lower LTV, we quickly got this loan approved and funded in just 11 days!

If you, a family member or friend are in need of fast financing or having difficulty qualifying for a home loan, you or them can call us at 707-523-2099 or visit our website www.sunpacificmortgage.com.  We will quickly let you know what we can do to help.

Higher Mortgages are Here to Stay for the Foreseeable Future

Private Lender An Article In Nerdwallet Caught My Attention Recently. It Stated That The Era Of Low Mortgage Rates Is Over And Embracing This Reality Will Speed Up Owning A House That Meets Your Needs.

An article in NerdWallet caught my attention recently. It stated that the era of low mortgage rates is over and embracing this reality will speed up owning a house that meets your needs.

Low rates were the norm for 11 years, as the 30-year mortgage remained below 5% from February 2011 to April 2022. Since that time, it has remained mostly above 5% averaging 6.72% in June 2023. And now in August of 2023 it’s gone up just above 7%.

Buyers are tempted to be in denial, but the reality is higher rates are here to stay for the near future.

“People are still working through their five stages of grief on this mortgage rate stuff,” says Lisa Sturtevant, chief economist for Bright MLS, the real estate listing service for the mid-Atlantic region. “And I think you have to reach the stage of acceptance at some point that certainly rates aren’t going to come down to where we were back during 2020 and 2021.” (When the median 30-year rate was 2.99%.)

Real Estate still remains a strong investment – as a first time homebuyer, homebuyer looking to downsize and even for investors. If you are looking to increase the strength of your purchase offer and make it a faster close with the next best thing to an all-cash offer, consider a privately funded loan from the investors at Sun Pacific Mortgage. Call us at 707-523-2099 or find us at www.sunpacificmortgage.com.

Trusted Lender For 35 years

Trustedhardmoneylender Are You, A Friend Or Family Member Being Turned Down For A Needed Home Loan? Or You Just Need A Fast, Short Term Bridge Loan?Are you, a friend or family member being turned down for a needed home loan? Or you just need a fast, short term bridge loan?

This is where we could help, with our fast, flexible alternative finance programs – also known as Private Money – just like we did below:

Recently Funded

Program: Owner-Occupied Bridge Purchase
Loan Size: $686,000
Location: Sonoma County
Why Came To Us: Wanted to buy a new home prior to selling current house but debt to income ratios were inhibiting conventional lenders from helping. Not problem for us!

Program: Primary Residence Refinance
Loan Size: $990,000
Location: Contra Costa County
Why Came To Us: Borrower needed to pull cash out of their free & clear property so they could get the needed down payment for an investment purchase.

Program: Investment Property Purchase
Loan Size: $705,000
Location:  Monterey County
Why Came To Us: Property condition poor so unable to get financing elsewhere. Borrower just wanted to fix up property and sell it for better return.


Being in business for 35 years has allowed us to pretty much see it all! Call us at 707-523-2099 or visit our website www.sunpacificmortgage.com with any questions, and we’ll get back to you quickly with what we can do to help you, a friend or family member.

ProHousing Awards in California

Prohousing Awards In California In June 2023, The California Department Of Housing And Community Development (“Hcd”) Announced 18 Jurisdictions To Receive More Than $33Million As Part Of The First Round Of The Prohousing Incentive Pilot (“Pip”) Program Funding.In June 2023, The California Department of Housing and Community Development (“HCD”) announced 18 jurisdictions to receive more than $33million as part of the first round of the Prohousing Incentive Pilot (“PIP”) Program funding.

The HCD is determined to alleviate California’s housing crisis by making additional community development resources available to local governments with the Prohousing Designation.

This award is paired with an impactful grant to create and conserve affordable housing. To date, the following cities have been awarded this distinction and funding: El Cerrito, Emeryville, Fresno, LA, Needles, Oakland, Rancho Cordova, Redwood City, Riverside, Roseville, Sacramento, Salinas, San Diego, Stockton, Ukiah, West Sacramento, San Diego, Yuba, Sonoma, Windsor, Long Beach, and most recently Santa Rosa.

The HCD is determined to alleviate California’s housing crisis by making additional community development resources available to local governments through PIP.

This designation gives these cities added points when competing for affordable housing, transportation, and infrastructure dollars, and allow their local governments to speed up the production of housing and further scale up its efforts to meet critical housing needs.

To receive the Prohousing Designation, cities and counties must demonstrate that they are promoting housing development in a variety of ways, including but not limited to streamlining multifamily housing developments, up-zoning in places near jobs and transit to reduce emissions, and creating more affordable homes in places that historically or currently exclude households of color and those earning lower incomes.

At a time in our economy when housing is so tight and homeowners are “mortgage-locked” into their existing houses, this government subsidy will help ease the pressure.

Real Estate is a good investment – as a buyer or investor – and this is a good time to buy a home.

Need Trusted, Flexible Financing?

Untitled Are You Running Into Stops Or Difficulties Getting Home Financing Approval? You Won’t Have These Stops With Us!

Are you running into stops or difficulties getting home financing approval? You won’t have these stops with us!

At our family owned and operated company, we have helped well over 10,000 Buyers & Borrowers with our trusted and fast Private Money Programs – just like below:

Loan of the Week

Program: Investment Purchase
Loan Size: $720,000
Loan to value: 44%
Location: Sonoma County
Why Came To Us:  Conventional financing institution turned down this Borrower at the last minute, due to debt-to-income ratio being too high.  Escrow was supposed to close in just 12 days, but a loan was still needed.  We got right to it with our flexible Private Money programs, resulting in the needed loan with a very happy Borrower because Escrow successfully closed on time!

Call Us at 707-523-2099 or visit our website at www.sunpacificmortgage.com to see how we can help you, a family or a friend!


Charging Into Fall With Smoother Transactions

Atv Promo Copy Let Us Help You Or Someone You Know This Fall Season Get On The Right Path With Our Fast Private Money Real Estate Loan Programs, Just As We Did Below:The Guys In The White Hats Can Get That Loan Done!

Let us help you or someone you know this Fall season get on the right path with our FAST Private Money Real Estate Loan Programs, just as we did below:

Recently Funded

Program: Primary Residence Purchase
Loan Size: $1,250,000
Location: San Mateo County
Why Came To Us: Wanted a fast close and the next best thing to an all-cash offer, so they could win over the other multiple counter-offers.

Program: Investment Property Refinance
Loan Size: $705,000
Location: Sacramento County
Why Came To Us: Business bankruptcy on record still.

Program: Primary Residence Refinance Business Purpose
Loan Size: $800,000
Location: San Louis Obispo County
Why Came To Us: Borrower had low credit so wanted to consolidate all his business debt on high rate credit cards and improve his scene.

Here at Sun Pacific Mortgage, we have worked with many Borrowers getting them our fast & unique Private Money financing. Give us a call at 707-523-2099 or visit our website www.sunpacificmortgage.com with any questions or scenarios. We’ll quickly answer with what we can do to get your transaction on the right path to completion!

The Hottest ZIP Codes in California Today

Californiarealestatehot We Are All Aware That The Housing Market Has Slowed Considerably This Year, Especially If We Compare It To The Past Pandemic Fueled Frenzy Of 2020-2022. The Obvious Reasons For This Slump Are The High Interest Rates And Low Inventory In A Very Competitive Market, But There Are Still Some Areas, Even In California, Where There Is Still Heightened Activity.

We are all aware that the housing market has slowed considerably this year, especially if we compare it to the past pandemic fueled frenzy of 2020-2022. The obvious reasons for this slump are the high interest rates and low inventory in a very competitive market, but there are still some areas, even in California, where there is still heightened activity.

This month in the SFGate they reported on a survey that was done by Realtor.com recording the most recent hottest ZIP codes in the country’s various metro areas. The rankings were based on a combination of market demand measured by views on Realtor.com and how fast homes sold. The list includers only one hot ZIP code per metro area. In California Livermore was the hottest spot in the Bay Area and Bakersfield was the most desirable in the Central Valley.

Livermore’s 94550 ended up at No.44 on the list with a median list price of $1.4 million. Granted, the area isn’t exactly affordable, and yet homes attracted more than double the attention per property and spent less time on the market compared with the greater San Francisco metro area.

Another surprising city which made the list was Bakersfield’s 93309 which landed at No. 24. It had a median list price of $340,000 in June 2023, a much more affordable price in a much more affordable metro area in the state.

In 2022, the only California market to crack the top 50 was Eureka, which took the 28th spot. The medium home price at the time was $480,000, but this year homes in the area are staying on the market longer causing it to drop off the list.

Prices have risen dramatically in the past few years in California, and no ZIP code has made it to the top 10 hottest ZIP codes since 2019.

If you are a hopeful buyer in this stressful economy, and if you have tried to qualify for a convention mortgage and failed, don’t despair! Sun Pacific Mortgage has rescued thousands of buyers just like you over the past 35 years. We have a family of investors who are willing to offer you a privately financed loan allowing you to realize your dream of homeownership today. Give us a call at 707-523-2099 or find us online at www.sunpacificmortgage.com.

Smooth Lending Transactions Here

Sailboat Edit Copy Getting Approval For A Home Loan Or Refinance Does Not Have To Be A Bumpy Ride! Our Private Money Lending Programs Can Finance Big Loans Fast – Even When Turned Down Elsewhere.  Let Us Help You Or Someone You Know Before This Summer Ends Like We Did Below:Getting approval for a home loan or refinance does not have to be a bumpy ride! Our Private Money lending programs can finance BIG loans FAST – even when turned down elsewhere.  Let us help you or someone you know before this summer ends like we did below:

Loan of the Week

Program: Investment Property Purchase
Loan Size: $732,000
Location: Monterey County
Days to Fund: 13 days
Why Came To Us: A Loan Originator brought us his borrower, who was in contract to buy an investment property. He had a good down payment, but since he was self-employed, he was having a problem proving enough income and keeping his debt-to-income ratio low enough for conventional financing. This is where our Private Money loans became the solution!


If you’re having difficulty proving income or turned down at the last minute by your local lender, we have a solution:  Our Private Money loan programs make it smooth sailing to get your real estate transaction funded quickly! Give us a call at 707-523-2099 with your questions or scenarios you may have, or visit our website at www.sunpacificmortgage.com.

Why Invest in California Trust Deeds?

2022 05 Msr 1 The Short Answer To That Question Is Wouldn’t You Want Your Investment Money To Gain Upwards Of 12% Or More Interest? There Are Very Few Stocks Or Bonds These Days Paying Such Handsome Interest.The short answer to that question is wouldn’t you want your investment money to gain upwards of 12% or more interest? There are very few stocks or bonds these days paying such handsome interest.

What are trust deeds? Trust deeds (mortgages) are investments in a loan, secured by real estate, directly to the borrower. Rather than putting your money in a bank and having the bank make the real estate loan, private investors actually make the loan directly. The trust deed investment business is huge in California.

There are two ways to invest in trust deeds: One is through a mortgage fund (like a mutual fund), the other is by investing directly in trust deeds through a licensed mortgage broker.

With a hard-money mortgage fund, also known as private money, you are investing with many other shareholders in real estate for which you do not need to be directly responsible.  Sounds good, right? Except, that just about every hard money mortgage fund in history has failed horribly during the regular real estate crashes that seem to hit every ten to fourteen years.

Sun Pacific Mortgage has been in the trust deed business in California for over 35 years. Our investors finance trust deeds directly through a legitimate mortgage broker. In this case, once the borrower and property are vetted and equity determined, the investor is directly lending to the actual borrower on a specific piece of property.

Then you make the monthly return on investment as the borrower makes their payments.  If you are interested in participating in such an investment, reach out to Sun Pacific Mortgage via their website at www.Sunpacificmortgage.com or by phone at 707-523-2099 to find out more.

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