The Bay Area’s Fastest Appreciating Markets in Q2

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