Q3 Report: Sonoma Real Estate

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Like most of the Bay Area, the towns of Sonoma, Napa, Glen Ellen, and Kenwood are still lacking inventory. Homes that were priced right in terms of location and condition received multiple offers. Buyers looking for vacation/second homes accounted for an increase in market share.

First time buyers were faced with low inventory, multiple offers, and competition with investors who are able to pay all cash and more than asking. This is the perfect time to invest in Sonoma Valley – investors have found that they are able to cover mortgages and make an additional profit on rentals.

Rents are gaining momentum and rising at a faster rate than sales prices! Home prices rose to levels comparable to 2005 levels. Properties priced over $1.5 Million also gained momentum, doubling in sales as compared to Q2.



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