As of September 5, 2008 36% of available listings in Petaluma are in escrow. This is a refreshing and encouraging trend.
For the month of August 2008 46 homes sold in Petaluma for an average final selling price of $498,526.
The average original asking price of these homes was $530,621.
The range of final selling prices was from a low of $196,000 to a high of $2,407,900. (Only 2 homes sold for over $1M.)
Of the 46 homes that sold 6 sold at their original asking price and 10 sold over their original asking price. Another refreshing and encouraging trend.
Of those same 46 homes 22 were distress sales, ranging in final selling price from $196,000 to $941,500.
It took an average of 97 days for all 46 homes to sell.
For more information about this area visit my website or contact me directly.
Categories: Buying?, Distress Sales, estates, home sales, homes for sale, luxury homes, Market Updates, Northern California, number of homes sold, Real Estate, San Francisco Bay Area, Sonoma, Statistics, Uncategorized, vacation homes