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Record Second-Home Purchases Fueled by Bay Area Wealth

California Follows U.S. Trend in Demand for Vacation Homes LOUIS HANSEN | lhansen@bayareanewsgroup.com | mercurynews.com It should have been a nightmare house tour in Napa — a neighbor’s giant, calamitous construction project with dump trucks and heavy machinery rumbling past a multimillion-dollar home for sale. The listing price for the modern, 6,000-square-foot home on a large, rural lot was north of $5 million. But buyer after buyer told ...more

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Here are San Francisco’s Priciest Residential Sales of 2021

It wasn’t only the price tags that shocked. It was how quickly they sold. By T.P. Yeatts | Research By Matthew Elo | therealdeal.com It wasn’t only the prices of San Francisco’s largest residential sales in 2021 that shocked. It was how quickly they sold, and the overall volume of luxury sales. Some of the city’s priciest homes lasted for only a few weeks on the market before ...more

Experts Predict What’s Next for the Bay Area Real Estate Market in 2022

Tessa McLean | SFGATE.COM When the COVID-19 pandemic hit the Bay Area, many expected the real estate market to tank. While it certainly slowed for a bit as open houses were prohibited and residents stayed in their homes, it quickly picked back up, fueling a competitive market with low inventory and a strong set of buyers rethinking their living spaces. That continued into 2021 as ...more

Hot North Bay Real Estate Markets Appear Headed for Cooling in 2022

Jeff Quackenbush | NORTHBAYBUSINESSJOURNAL.COM Feverish buying of suburban San Francisco Bay Area housing that characterized the first year and a half of the coronavirus pandemic is expected to ease in 2022, with more homes on the market for longer. Compared with what’s been happening in Sonoma, Marin and Napa counties, that would be a good thing, according to Jeff Schween, an agent with Compass in ...more

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The housing market was on a wild ride this year. Here’s what to expect in 2022.

WSILTV.COM The US housing market has had a white hot year. Home sales are on track to reach the highest level in 15 years, with an estimated 6 million homes sold in 2021. But whether you benefited from this surge depended a lot on if you were selling a home or buying one. Homeowners saw average home prices skyrocket nearly 20% through the third quarter ...more

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Award-Winning Wine is Made at this 187-Acre Vineyard in Sonoma, California

The nearly $20 million estate has a four-bedroom main house that took craftsmen a number of years to construct. Jonelle Mannion | MANSIONGLOBAL.COM Listing of the Day Location: Sonoma, California Price: $19.5 million Named for the “thickets of hardwoods” that dotted the land, Los Chamizal Vineyard was first planted in 1976-78 by vintner Peter Haywood, who still runs the vineyard today, and it quickly became one of ...more

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San Francisco Home Sold for $1M above List Price

Mike Wheatley | REALTYBIZNEWS.COM The San Francisco Bay area’s housing market remains ultra-competitive even as sales show signs of slowing down in other parts of the country. Recently, a four-bedroom, 2,400 square-foot and newly remodeled home sold for $3.5 million, more than 40% above its initial asking price of $2.5 million. The home was on the market for just three days and in that time ...more

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$1.3 Million Homes in California

A 1997 house in San Jose, a three-bedroom condominium in West Hollywood and a Mediterranean-style home in Piedmont. Read the full story via NYTIMES.COM.

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Pandemic Real Estate Roller Coaster in Sonoma Valley

Emile Charrier | SONOMANEWS.COM Sonoma Valley became a white hot destination in the pandemic, when many companies switched to working from home, creating new opportunities for employees. But as the price hikes begin to level, and properties sit longer on the market, some Realtors are wondering if the frenzy in the market is starting to slow its roll. “This has been a really incredible year, ...more

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‘Is This Real?’: San Francisco Home Sells For $1 Million Over Asking Price in 3 Days

Aaron Sittig | VERTICALLOBBY.COM SAN FRANCISCO, Calif. (KRON) – Another day, another record-breaking San Francisco home sale. It’s becoming a trend in Bay Area real estate. 464 Lansdale Ave in San Francisco just sold for $3.5 million, which was 40% over the initial listing price of $2.5 million. “But the timing was right, the location was good, and the seller did everything you could think of ...more