The Bay Area Q2 results are in and the North Bay snagged two of the the top ten fastest appreciating markets. Novato took the #8 spot with an increase of 18.9%. For the first time in three years Novato climbed to the 1.1 million dollar median mark. At the #6 spot you will find the city of Sonoma which rose 30.5% in Q2 to a median price of $895,999.
On the home front in Petaluma Real Estate we are starting to see a small increase of Day on Market. Anything under 700K is still flying but it seems that homes above 850K are taking a bit more time to go into contract. It is too early to tell if this is a trend or if a bunch of home buyers are vacationing, but it has been a breath of fresh air for buyers writing their tenth offer on their tenth home!
Mike Ward-Petaluma Realtor
