Q1 2016 Wine Country Market Update
Sotheby’s International Realty’s Q1 2016 Wine Country Market Update is now available. Continue reading below for a brief summary on Petaluma and follow the link to read the full market update.
The Petaluma market experienced a significant increase (39%) in terms of average sales price in regards to the luxury, $1,000,000 and up, market in comparison to Q1 2015. Even more impressive is the amount of closed units – a 29% increase in the $500,000 – $1,000,000 market and a whopping 300% increase in the $1,000,000 and up market (in comparison to Q1 2015). This really highlights that Petaluma is slowly but steadily competing with other luxury markets in Sonoma County, such as Sonoma Valley, Glen Ellen, Kenwood and Healdsburg. We’re looking forward to seeing figures for Q2 2016.
In the event you are contemplating selling or buying a home, reach out to us for a more specified market update in regards to your neighborhood. We can provide you with a complimentary market analysis of your property and/or inform you on recent activity in the neighborhood in which you are looking to purchase.