What Holiday Break? January 2012 Sonoma County Real Estate Market Off to a Fast Start
Here I sit on New Year’s eve weekend–in the sunshine out by the pool writing some blog posts for the new year. What was going to be a sleepy quiet week between Christmas and New Year’s has been anything but! I have written two offers this week and have two new listings coming on the market in the next couple of weeks. Am also getting good activity on some other listings! What gives? Normally this is a pretty quiet time of year in the real estate market but activity has barely taken a breath for the holidays! I am not complaining, not by any means. I think it is a good sign that the market is so active. Other agents I know are very busy, home inspectors are booked solid and there is a decided hint of optimism in the air. Now I realize that there are lots of challenges and difficulties in our economy and the real estate world. About 30% of homeowners owe more than their homes are worth. We are not heading in to a dramatic turnaround anytime soon. By the same token though buyers don’t seem to be waiting on the sidelines and sellers with equity also have decided to get back on the playing field. With interest rates ridiculously low, this bodes for a busy January. Welcome to 2012! We will be back this week with a more detailed look at the market for real estate in Sonoma County. Until then, Happy New Year!