🍇 The Surprising Top Spot For Boomer Wealth (Outside Florida)
As we soak up the last days of summer, the real estate market across much of California is still humming along.
While some seasons bring a slowdown, current trends show steady activity, from pricing to pace. Whether you’re just keeping an eye on things or starting to think ahead, it’s a great time to stay tuned in and see where our local Sonoma County market is heading next.
This July, homes sat on the market longer compared to this time last year… likely due to the overall increase in inventory.
➡ The number of home sales decreased 3.8% to 380 from the previous month.
➡ The number of available listings slightly decreased from the previous month. However, this is deceiving considering they were up 36.4% from this month last year.
➡ The median sales price held steady from the prior month and held steady from the prior year to $850,000.
➡ Days on market increased 20% to 54 days from the previous month while they increased year-over-year by 22.7%
Despite what you may have heard in the news about price reductions, home prices have remained steady here in Sonoma County.
In fact, 95% of all homes sold in July were sold at or above asking price, indicating no sign of a major crash anytime soon. Additionally, almost 40% received multiple offers.
What about the condo market?
For condos, the number of sales decreased 31.3% to 22 from the prior month, while the number of available listings held steady to 106. Days on market increased 48.9% to 70 days. Median sales price increased 8.4% from the prior month and increased 1.4% from the prior year to $437,000.
View Sonoma County July Market Update
Thinking about buying or selling, or just keeping an eye on the market? I’m here to help make sense of it all. Let’s talk about your goals and what comes next.
pambuda@gmail.com | (707) 480-4142
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Santa Rosa is the Top Location for Boomer Wealth Outside of Florida
Baby boomers are sitting on $18–19 trillion in real estate equity—almost half of America’s total. Florida may dominate the leaderboard, but the #2 spot belongs to Santa Rosa-Petaluma, CA, with $54 billion in boomer-owned property.
Why Boomers Love Sonoma County
Santa Rosa anchors a region that blends wine country charm, coastal breezes, and a range of climates—from cool Bodega Bay to sunny Healdsburg vineyards. Outdoor adventures abound—Russian River kayaking, redwood hikes, and cycling through Dry Creek Valley—plus top-tier healthcare and close proximity to San Francisco and all the city has to offer.
Silver Tsunami Reality Check
Nearly 12,000 Americans turn 65 daily through 2027, but don’t expect a housing flood. Almost half of surveyed boomers want to “enjoy my money while I’m still alive.” UBS predicts this wealth transfer will take 20-25 years.
For Sonoma County, that means continued demand from affluent retirees seeking lifestyle upgrades over pure investment returns.
