Petaluma Real Estate Market Dynamics
Lets take a look at a snapshot of the market for the week of 8/6-8/12. We saw a small overall decrease in homes on market this week. There were a total of 85 active listings down from 100 a couple weeks ago. On the Westside this week there are 56 units on the market with a median sales price of $975,000. There were 5 new listings with a median price of $1,049,000. 6 units went into contract averaging $762,000 and 5 sold averaging 650K.
On the Eastside we have 29 units averaging $768,000. 3 new units came on averaging 695K, one went in contract at 595K, and 4 sold at 725K.
A lot still happening and moving fast although we are seeing some homes stay on a bit longer at 900K and above. Petaluma Real Estate remains hot and I don’t see that changing anytime soon.
Mike Ward-Petaluma Realtor