Petaluma Real Estate Market Dynamics

5/14-5/20 Market Dynamics Petaluma

West Petaluma definitely came back to reality this week in terms of median in contract, sales, and active homes.  Active units are still well above a million with 38 active units with a median price of 1,214,000.  New units saw a decrease to 850,000, under contract is 725,000, and sold at 740,000.  On the Eastside of Petaluma we saw some decreases in the median prices as well.  30 units are active in East Petaluma with a median price of 732,450.  7 New units came on the market averaging 699,000, under contract 725,000, and sold at 685,000.  All in all 68 units on the market as of 5/20.  

5/23 Brokers Tour Highlights 

2486 Sunset Ter, Petaluma

This 4/3 2326 sq ft home listing at 1,090,000 is nestled into the outskirts of I Street in West Petaluma.  With an open spacious feel as you walk though the doors, a remodeled kitchen, double fireplace, and wood flooring throughout you get a very warm feel in every corner of this home.  Sitting on a 11,718 sq ft lot with mature tree’s and a deep driveway it really does feel private and secluded.  It is just over a mile to town but this home feels like it is in the country.  It will make a great home for one lucky buyer. 

826 Stillson Dr, Petaluma 

This 3/2 1138 sq ft East Petaluma Charmer is offered at 609,000.  Absolutely turnkey, this remodeled Petaluma home just needs artwork for the walls and it is ready to live in.  Stillson has a new windows, bathroom, kitchen, landscaping, and is blocks for the sought after Meadow School.  When I think of the perfect starter home, this is exactly what I envision.   

Thanks for reading,

Mike Ward | Petaluma Realtor