It's still early days to assess the impact of the Wine Country wildfires of a couple of months back but preliminary data appears to show the region's housing market remains strong
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It’s still early days to assess the impact of the Wine Country wildfires of a couple of months back but preliminary data appears to show the region’s housing market remains strong.
Bay Area real estate firm Pacific Union International says that wildfires are a reality of living in California and it will take a couple of years to fully assess the impact of the recent fires.
However, November figures show that home sales in the Wine Country were up 13% in Sonoma County and 24% in Marin County year-over-year, but were down 11% in Napa County.
The picture is stronger month-over-month with November sales defying the usual trend for this time of year, with gains of 23% in Sonoma County, 17% in Napa County and 16% in Marin County.
Inventory remained tight as listings expired or were withdrawn. This, says Pacific Union, is in large part due to the disorder following a natural disaster such as the wildfires.
Price trends for the Wine Country markets have shown increased median prices for single-family homes to $1.217 million (up 17% year-over-year) in Marin County, $657,000 (7%) in Napa County, and $656,900 (16%) in Sonoma County.
Bay Area real estate firm Pacific Union International says that wildfires are a reality of living in California and it will take a couple of years to fully assess the impact of the recent fires.
However, November figures show that home sales in the Wine Country were up 13% in Sonoma County and 24% in Marin County year-over-year, but were down 11% in Napa County.
The picture is stronger month-over-month with November sales defying the usual trend for this time of year, with gains of 23% in Sonoma County, 17% in Napa County and 16% in Marin County.
Inventory remained tight as listings expired or were withdrawn. This, says Pacific Union, is in large part due to the disorder following a natural disaster such as the wildfires.
Price trends for the Wine Country markets have shown increased median prices for single-family homes to $1.217 million (up 17% year-over-year) in Marin County, $657,000 (7%) in Napa County, and $656,900 (16%) in Sonoma County.
