Short Sale Update: 5/21 – 5/28
Inventory is down, sales are up – Inventory is down, sales are up – Inventory is down, sales are up!
They say that facts “sink in” better when they’re delivered in threes. So there you have it, essentially across the board in Sonoma County, with the exception of Cotati & Penngrove, total sales and short sales in particular are up this week vs. mid-May. The stats are fairly incredible, only 20 active listings in the entire city of Rohnert Park. Six of those listings are condos, meaning that in a city of over 41,000 residents, there are a total of 14 detached homes for sale … that that’s not a recipe for short-term appreciation at the very least then I don’t know what is.
Worried about your short sale not getting an offer? Don’t! With 14 homes to choose from, your Rohnert Park home will likely sell within 7 days, and the market is pretty good for the rest of the county as well. Hope you enjoyed the quick update, tune in next week.
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