Share your thoughts: How are North Bay home sales improving?
What signs of strength do you see in North Bay housing markets?
- Higher median prices (24%, 10 votes)
- Lower inventory (supply of homes to sell) (24%, 10 votes)
- Multiple purchase offers (20%, 8 votes)
- More sales with equity (12%, 5 votes)
- Short sales (7%, 3 votes)
- Fewer foreclosures (20%, 8 votes)
- Local markets aren't stronger (29%, 12 votes)
- Don't know (22%, 9 votes)
Total voters: 41
Loading ...This NBBJ pulse poll runs through Oct. 2. View all polls.
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As positive indicators continue to strengthen across the North Bay housing market, real estate leaders in the region expressed increasing confidence that housing is starting to recover from the crash of 2006.
Median prices have risen incrementally across the region, responding to a surge in new demand for homes in that price range. Foreclosure rates have waned, and more home sellers are leaving their transactions with equity.
“This is what recovery looks like,” said Rick Laws, regional vice president of Pacific Union International in Santa Rosa and long-time producer of a monthly housing report for Sonoma County. “First comes sales, then comes prices, then comes development.” [read more in "Strength returns to North Bay home market", Sept. 24]
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by Frank
when someone knocks on my door and offers me $400,000 for a $200,000 home