September 2024 brought changes in market dynamics, revealing trends that highlight the evolving real estate industry. The U.S. housing market is showing modest recovery as Zillow forecasts a 2.1% rise in home values for 2024, up from a previous 1.8%. Over the next 12 months, home values are expected to grow by 1.4%. While national trends indicate a slow uptick, the local market in Healdsburg, California, reveals its unique dynamics. You can explore more of these national trends and forecasts in Zillow’s latest analysis.
In contrast, Healdsburg, California, is experiencing its distinct market trends. While national growth may be modest, Healdsburg is seeing a more dynamic market shift.
An Overview of Healdsburg’s Inventory Levels and Market Activity
In Healdsburg, the real estate landscape is shifting. As presented in our last Healdsburg Luxury Living Monthly report, the monthly supply of Inventory (MSI) in September rose to 6.94 months, a 34.5% increase over last year. (Source RPR Realtors Property Resource). This is known as a buyer’s market as buyers have more choices while slowing down the urgency that was prevalent earlier in the year. As a seller, you should expect your home to be on the market a bit longer than last year when there was less inventory. Buyers now have more options, but sellers need to adjust their strategies to remain competitive.
For those navigating the local market, Zillow Premier Agent Emily Martin provides valuable insights on local trends.
Pricing Trends and Seller Expectations
Despite a rise in inventory, property values in Healdsburg remain strong. The median sold home price in September was $1,350,000. However, the List to Sold Price percentage has dropped slightly to 97.4%, indicating that homes are selling just below their asking prices.
For instance, a three-bedroom property listed for $1.39 million sold for $1.35 million after 60 days on the market. This shift highlights the importance of realistic pricing for sellers in today’s market.
Longer Days on the Market
The median days on the market have extended to 84 days, meaning homes are taking longer to sell compared to earlier in the year. This means sellers should be prepared for a more prolonged selling process. In some cases, high-end homes, such as a $1.5 million listing, remained on the market for nearly 90 days before finding a buyer.
Takeaways for Buyers and Sellers about Healdsburg Market Trends
For buyers, Healdsburg’s increased inventory means more opportunities to find the right home without the pressure of intense competition. However, premium prices remain, with a median sold price of $1,350,000. Sellers, meanwhile, need to adjust to longer selling times and consider pricing homes realistically to attract buyers in this evolving market or be prepared to reduce their price if it’s not selling within a reasonable amount of time.
Whether buying or selling, working with an experienced realtor like Emily Martin is key to navigating these shifting market trends. You can make informed decisions tailored to your real estate goals with her guidance.
Why choose Realtor Emily Martin?
Emily has called California home for over a decade and likes to think of herself as a California “native”. Learning at a young age from her mother Linda K. Martin, a top-producing real estate agent for 40+ years, Emily has been immersed in Real Estate all of her life. As a homeowner in her early 20s in Manhattan’s Gramercy Park, followed by San Francisco, and now Healdsburg, Emily understands the intricacies of home ownership in highly sought-after regions such as Manhattan, San Francisco, Sonoma County, Napa Valley, and her beloved hometown of Healdsburg, California.
Whether you’re buying your dream home, purchasing a second home, selling a cherished property, or investing in the market, I’m here to make your dreams a reality. My extensive luxury experience, attention to customer experience, marketing expertise, hard work ethic, and passion allow me to provide a level of service that is truly distinctive. As we start our journey together, here’s what you can expect:
Unmatched Luxury Expertise
With a deep-rooted understanding of the luxury market, I bring a wealth of knowledge and insight into luxury goods, sales, and lifestyle. Whether you’re buying or selling, I have the expertise to navigate the world of real estate and the Healdsburg Luxury Homes market.
A Tradition of Excellence
With a family legacy spanning four decades in real estate, excellence is not just a goal, it’s a tradition. I am committed to upholding the impeccable reputation my mother, Linda K. Martin, a top North Shore Chicago agent, has built by delivering nothing short of excellence to my clients.
Unwavering Dedication & Passion
I am dedicated to your success. From the moment we embark on this journey together, I will provide unwavering support, guidance, and attention to detail, ensuring a seamless and stress-free experience. When asked to describe Emily, the first words that come up with my clients are passionate, energetic, experienced, and dependable.
Explore the Luxury Lifestyle in Healdsburg’s Wine Country
Luxury real estate is not just about properties, it’s about a lifestyle. It’s about finding the perfect blend of elegance, sophistication, and comfort that feels like you. It’s the feeling you get when you walk into your dream home.
Contact me today at: emily@luxeplaces.com or 707-385-9660 to begin your extraordinary real estate experience. Together, we’ll create a story worth telling, a life worth living, and a legacy worth building.