Sebastopol is a unique and wonderful town. There are many that joke about it’s residents being organic, free range, sustainable, yoginis, such as in a recent article in the press democrat http://www.pressdemocrat.com/gallery/4412428-181/they-might-be-from-sebastopol but it is taken in stride. The quiet, unassuming, slow lifestyle that West County supports draws many to this area every year and creates a unique real estate market.
October 2015 has shown the Sebastopol Real Estate Market to be in line with much of the country, increase in value with signs a slight time of year slow down. Increased home values, August 2014 the median home price was $628,00 and October 2015 we ended at $747,000 for a 19% increase. Demand remains high and inventory on the lower side, although we are seeing a normalizing of this phenomena in October. Inventory in August was only 1.9 months vs. September and October it has increased to 2.5 months on inventory. The average balanced market tends to be a 3-month supply of inventory.
Sebastopol mirrors San Francisco’s real estate market pretty closely and according to Realtor.com San Francisco is one of the top 20 hottest markets in the country right now. http://www.realtor.com/news/trends/the-hottest-housing-markets-of-august-2015/
That being said, there are so many contributing factors involved in deciphering value in a Sebastopol area home such as:
Multiple micro neighborhoods. There at least a dozen different smaller neighborhoods within the larger Sebastopol Community. There are more agriculturally driven neighborhoods, suburban, and live and work.
Challenging to provide a “competitive” value to homes due to several contributing factors. Some examples of this are: proximity to downtown, amount of acreage on the property, is there plantable land fro grapes or apples? What is the water accessibility, septic or well, private well or community well? What is the zoning on the property, agricultural? Multi-use?
We are often asked if we think now is a good time to purchase or sell a home. Our answer will always be the same. Let’s get together and talk about your specific property. We are well versed in the many intricacies of this market and happy to give you a free evaluation of either your home value in today’s market or assessment of the best values in the current inventory.