#mack-faulknerrealestate – Artisan Sotheby's International Realty

Sonoma County Market Trends

Heidi and I share over 40 years of experience in both residential and commercial real estate. We are setting new standards by refining the art of residential brokerage with a practiced eye for identifying the unique value of a property. We are very well versed in current real estate trends and offer our clients exceptional expertise when positioning their homes in today’s market or evaluating and securing an upcoming purchase.

The first couple of months of the year 2022 has been tough for the world, just as recovery from the pandemic seemed within reach, the current war has affected everyone’s lives. It has been an intense year, but we are thrilled to present you with the update on the Spring Real Estate in Sonoma County.

Properties sold 67% higher than last month and 14% lower than the same 1st Quarter of 2021.

The volume of new listings is 43% lower than last month and 49% lower than the same 1st Quarter of 2021.

Average Days on Market is 3% lower than last month and 30% lower than the same 1st Quarter of 2021.

“March sales data continues to suggest strong buying interest and a solid housing market, as the effects of higher mortgage interest rates won’t be realized for a few more months,” said CAR Vice President and Chief Economist Jordan Levine.

Rates may stabilize, rise further, or drop back down – they can change very quickly. The market is unpredictable, that’s why it is important to consult a real estate agent for a specific analysis of the neighborhood where you’re selling or buying. An informed decision goes a long way. Call us to establish a plan to achieve your personal real estate goals.

Adjustable-rate Mortgage

An adjustable-rate mortgage (ARM) is a mortgage loan with the interest rate on the note periodically adjusted based on an index that reflects the cost to the lender of borrowing on the credit markets. The loan may be offered at the lender’s standard variable rate/base rate. There may be a direct and legally defined link to the underlying index, but where the lender offers no specific link to the underlying market or index, the rate can be changed at the lender’s discretion. The term “variable-rate mortgage” is most common outside the United States, whilst “adjustable-rate mortgage” is most common in the United States and implies a mortgage regulated by the Federal government, with caps on charges. In many countries, adjustable-rate mortgages are the norm, and in such places, may simply be referred to as mortgages. (“Adjustable-rate mortgage,” n.d.)

“A 5/1 adjustable-rate mortgage has an average rate of 5.03%, an uptick of 13 basis points from seven days ago. For the first five years, you’ll typically get a lower interest rate with a 5/1 ARM compared to a 30-year fixed mortgage. However, you may end up paying more after that time, depending on the terms of your loan and how the rate adjusts with the market rate. If you plan to sell or refinance your house before the rate changes, an ARM may make sense for you. If not, shifts in the market may significantly increase your interest rate.” Justin Jaffe, cnet.com

To know if an ARM is a right fit for you, here are its pros and cons:

Photo from Slide 7 © Rosalinda Parks | Slideplayer.com

Adjustable-rate mortgages are risky, but as interest rates rise, more homebuyers are starting to consider them. ARMs have lower initial interest rates than 30-year fixed-rate mortgages, but the rate will change after a set period. Borrowers must then pay the fixed rate when their lock period expires, which can be risky if interest rates are rising at the time.

If you would like to know whether the ARMs or Fixed Mortgage is for you, Heidi and I will be there for you to give you the knowledge to have an informed decision—with our experience, you can count on us. Call us!

Outdoor living space

With the arrival of the warmer months, homeowners have been enthusiastic about decorating their outdoor environment. As the Covid-19 pandemic continues to spread and with more time spent at home and fewer opportunities for inside socializing, our outdoor spaces are more important than ever and their value continues to grow across the country.

The year 2022 is shaping up to be one of the most significant in the history of outdoor living spaces. Outdoor space design is becoming increasingly engaging, focusing on all those aspects that fulfill the demands of individuals who use it daily. Furthermore, having a useful and peaceful outdoor setting promotes and allows us to spend more time outside, which not only benefits our mental and physical health but also strengthens family relationships as this provides the opportunity to spend time with our loved ones.

As a result, architects and interior designers are paying closer attention to the various techniques that can transform an outdoor space into a pleasant and stylish living space like these:

The colors of the year 2022 feature earth-toned hues that make any place feel warm and welcoming, and choosing a nature-inspired furniture shade may instantly add comfort to a room. Picking hues suggestive of the outdoors, from deep reds and tans to inviting calm grays and beige, creates a tranquil outdoor environment. An outdoor living room can be used for a variety of purposes, including home offices and garden rooms, which are common amongst sophisticated homeowners. However, there is another compelling incentive to incorporate an outside space into our home: ours and our family’s health. It can be used to unwind, enjoy nature, and entertain family and friends in a comfortable and stylish living environment.

In addition, the hanging chair is one of the top furniture picks to be added to your outdoor living space, this chair is popular because of its coziness, longevity, and eye-catching patterns. Due to this, the demand for this stunning piece of furniture shows no signs of slowing down.

The chair is typically made of wicker or rattan and accented with a comfortable cushion, all of which is supported by a solid metal frame. Wicker adds an artisanal touch and aesthetic appeal without costing a fortune. Its neutral color blends perfectly with practically any existing design concept in your outdoor environment. The hanging chair is an excellent choice for unwinding.

Outdoor living space may improve our lifestyle in different ways, whether it’s for some quiet personal time to meditate or read a book, or entertainment purposes for family and friends; this concept will certainly help reduce stress levels and allows focusing on having both happier and healthier mind. If you have been looking for some ideas for an outdoor living space design, hopefully, this article would have been a help.

Trendy Green walls and new floorplans

The new year is upon us, signifying a time of change and new beginnings. As we enter our third year of the Covid-19 pandemic, the role our homes play in our lives continues to evolve along with the pandemic. Where our homes were simply once a place for sleeping and relaxation, they have now morphed into living spaces, home offices, classrooms, and gyms, all in one house.

This has naturally sparked a change in the desired layout of our homes that can effectively meet all these needs. Spending more time in our homes has led to a quest to make each space multifunctional to maximize what the house is capable of offering. Gone are the days of the open floor plan. It has been replaced with dining rooms that double as offices, and guest units equipped with at-home gyms. Wide-open living rooms have been converted to smaller rooms in an effort to find privacy in a busy house. In an effort to avoid exposure, going out to bars and restaurants has become rare, so why not bring the bar to the safety of your own home? Interior designers are in high demand for design at home bars, built to personal preference.

Even with so much time spent at home, our lives are still hectic and it can be nice to find a place for peaceful refuge. Quiet spaces for reading or meditation have become very popular. Not only are the shapes of the spaces being reimagined, the decor and feeling of design have also begun to change.

Amidst the upheaval and uncertainty of the past two years, we crave a space that is warm and welcoming. The stark edges and all-white Scandinavian look that has been oh so popular has lost its appeal to the ideas of color and soft rounded edges. Design experts anticipate that the white walls will be painted over with dark browns and caramels, accented with the greens and blues of nature. While the color palette will mostly stay near the earth tones, the presence of color will bring so much more life to a room than white. The boxy couches will be replaced with soft curves and ruffles that evoke a feeling of comfort. To enhance this feeling of comfort there is a push to make the space feel lived in and welcoming. Designers are remarking that their clients are craving the old-world charm of antique furniture, reclaimed wood, and the plush comfort of armchair couches.

Being confined to the walls of our houses throughout the pandemic has led to a large amount of time spent walking through nature. This affinity for the outdoors is bound to weave its way into the designs of our homes. Not only will the colors of nature inspire color schemes, but natural materials will find their way into design. Walls will be graced with wallpapers inspired by nature’s botanical beauty. Countertops will be graced with reclaimed wood, terracotta, and stone. Even before the pandemic, plants had begun to appear along walls or in hanging pots as decoration. Not only do they add a natural touch to a room, but studies have shown that plants can improve air quality and reduce stress levels.

Design trends come in waves and now feels like the perfect time for a change. The overall takeaway from what design experts anticipate will emerge in the next year is a functional, inviting, natural, colorful, and comfortable space. If you’re looking for inspiration for a new kitchen or living room remodel hopefully this may give you a few ideas.

Spring Has Sprung!

The birds are chirping, the grasses are growing, the flowers are blooming, and real estate is hopping! After such an intense and challenging year, we are thrilled to have a full calendar showing property and the fast-paced nature of Spring Real Estate in Sonoma County.

We have seen a lot of improvement in the Real Estate market. Properties sold 33% higher than last month and 21% higher than the same 1st Quarter of 2020.

There is an average 5% increase in price-per-square-foot to last month and a 28% increase in price-per-square-foot to 2020.

Rounding out the statistics, the average days on the market, because inventory is still low, is now 23% lower than last month, and 15% lower than last month, and 27% lower than 2020.

There is a lot to be said for the real estate market improving; people are gaining confidence in our economy and the local area. We are seeing statistics reminiscent of Springs past that demonstrate the positive momentum moving into the summer.

Hang in there, Sonoma County. We are looking to fully reopen soon and resume our lives to the fullest.

Happy Spring!

Level Up Your Home

Home decorating and remodeling trends are alluring to us all. Residential improvement fills our minds with enticing projects and grandiose ideas of what we can do ourselves in our spare lockdown time! Luckily the start of a new year is one of the most popular times for every magazine and news outlet to share what’s trending! Here is a summary of what we found this month.

Front porch with chairs — Photo 167204043 © Evgeny Lashchenov | Dreamstime.com

Social Front Yards
Social Distance catch-ups are much more pleasant if an “In an effort to maximize your property and feel more connected to neighbors, social front yards will continue to be a priority,” Tilly Design’s forecast notes. Look out for porch swings, more oversized porches, and bistro-style seating in your neighbors front yard!

Outdoor kitchen and entertaining space — Photo 100963029 © Danny Raustadt | Dreamstime.com

Amped-up Indoor-Outdoor living spaces.
Highlighting a more natural flow between inside and outside living continues to trend high on homeowners’ wish lists. Large sliding or folding glass doors, drop-down screens on the porch, outdoor heating lamps, and outdoor fire pits are all likely must have’s in 2021.

Intensifying seasonal views.
There is nothing like looking outside, only to see a few leaves on a tree. Homeowners are improving their views year-round by adding outside focal points that combine evergreens, perennials, and ornamental grasses to showcase greenery all year round.

Residential raised garden beds — Photo 73365904 © Irina88w | Dreamstime.com

Gardening spots.
Similar to the wave of sourdough starters during the pandemic, many people are returning to the simple life and growing gardens for enjoyment and food production. “Even in small areas, vertical outdoor gardens can not only serve as a great hobby but also as a statement piece, Tilly Design’s report notes. Veggies, fruit, and herb gardens are in high demand.”

Prefabricated flex sheds
The “she shed” on tilt. Once used to store garden tools and boxes of memorabilia, sheds are now utilized as accessory dwelling units for returning grown children, renters, or quiet work-from-home quarters.

Family zoom on TV — Photo 46361881 © Andrey Popov | Dreamstime.com

Video conferencing living rooms.
Modern times have created the need for dedicated zoom space! With so many meetings, classes, weddings, showers, and even funerals happening virtually, seeing and hearing everyone on a small screen is challenging. Homeowners are now adjusting their home entertainment centers to double as a home video conferencing hub.

Warmer color palettes.
We always like to keep up-to-date on the latest paint colors; 2021 is no different! Homeowners are moving away from grays to a warmer, cleaner palette such as Sherwin-Williams’ “Shoji White,” “Sea Salt,” “Breathless,” or “Unfussy Beige.”

Finishing up our trendy home tour, you must check out the latest in custom appliance trends and high-end finishes making their way into 2021 homes. These can be found in Barbara Ballinger from Realtor Magazine’s latest article, A Myriad of Home Trends to Gain Momentum in 2021.

We laughed, we cried, we saw history being made.

Starting in March, historical events began to unfold at every turn. Many of us kept looking at our loved ones, wondering if things could get any stranger. A global pandemic, devastating wildfires for the third year running, looming economic uncertainty, highly controversial elections, lockdowns, food shortages, an odd scarcity in toilet paper have all become the hallmark of 2020. There is even a Christmas tree ornament dedicated to the more globally felt events of 2020.

We feel confident that you have endured multiple personal hurdles that added insult to an already disastrous year. Now on the brink of 2021, we are all holding our breath; what will happen now? Dare we dream? Dare we ask for a calmer sense of normalcy around the corner? No matter the answer, we wanted to take a minute and focus on some of the lighter moments and maybe tickle your funny bone with some of the more amusing tales we found online.

Curl up on the sofa, get a cup of hot cocoa, and laugh with us awhile.

The “dumpster fire that is 2020.” People got creative with their holiday greetings. USA Today shares a few people’s stories.

The failure of the Rockafeller Christmas tree, reported by USA Today.

A few zoom mishaps from our year online will give you a belly ache from laughter.

We could not leave out the now-famous comedian Robyn Schall for the relatable Instagram post of her 2020 goals and how now they are trolling her.

And finally, a video tweeted around the world of a Ukrainian woman who repeatedly fails to walk across an ice-covered street. As many news outlets have stated, if the ice-covered street is a metaphor for 2020 – we are right there with this woman! Keep trying; we will get to the end soon!

We depart with this final quote from Bruce Sanguin and sincerely wish you all the best holiday 2020 can bring you! We are still here and always willing to support you in any way we can!

Solidify Your Love for Your Home Forever

We are living in a time when staying home is the best option for our collective health. This new way of living in our homes leaves us wandering the hallways, thinking about what we want to change, add, and make existing spaces multifunctional. To quote Appollo 13’s Marilyn Lovell, “I can’t deal with cleaning up. Let’s sell the house.” Maybe not because I don’t want to clean the house, but I can’t cope with my current home’s dysfunctionality now that we are here so often. I, too, have fallen to the question, should we sell and buy something else? How about you?

Selling your house is a viable option. I will additionally suggest you sell your house and build the “perfect for you” home. Creating the “perfect for me” home has occupied my thoughts a few times during the pandemic. Imagine this: you have total control of how everything in your home looks, feels and flows. You are in charge of creating only the rooms you need to live your ideal lifestyle. Do you need a home office? Home gym? Yoga studio? Separate wing for extended family? Dream it up and never wander the hallway again, thinking what if.

So, now that you are eager to lay your plans to paper and get building – consider this. We have the ideal spot for your new home, 6562 Williams Place in Sebastopol. This oak-studded lot is located down a private lane and offers you plenty of privacy and relaxation from the hustle and bustle of life, but still mere minutes from downtown Sebastopol. Enjoy a bountiful harvest from the numerous fruit trees, including apple, pear, fig, and peach. The heavy lifting has already been accomplished with an installed 3-bedroom septic system, electricity at lot line, shared well, water storage, and fire hydrant. Building plans for a 2,500± square foot dwelling is included. The lot is close to schools, fine dining, shopping, wineries, and outdoor adventures. Now is time to build your dream home. Give us a call!

A New Normal. A New Home.

Heidi and I continue to see a robust real estate market in Sonoma County, particularly in Sebastopol. A noticeable lack of inventory has increased demand, and homes’ reduced time spent on the market. Overall, even under the extreme circumstances, we are all facing daily, the market is trending upward.

Sonoma County, as a whole between May 2020 and June 2020, shows the number of homes on the market to be down and an increase in sales by 128% and a 43% increase in pending transactions. Due to the mandated shelter in place, these statistics make sense. Comparing these numbers to last year gives us the idea that inventory is still an issue no matter what has happened recently. Inventory is down 22% to June 2019. Compared to last June, sales are up by 4%, and pending purchases are up by 47%.

Sebastopol is a similar picture. Compared to last month, inventory has decreased even more by 11% and by 30% to the previous year. Sebastopol is up 145% to last month and 12% to the same time last year. Pending sales are up 116% to last month and 6% to the same time last year.

Heidi and I feel the uptick in the market directly correlates to the pandemic and the global changes it has made to how people live. “Home” now conjures a different set of rules and expectations. A home is now a place that functions on all levels of life and living. Vast numbers of people are currently working from home, schooling from home, sheltering in place for long periods, and even staycations. We are seeing that most people wish to upgrade their current circumstances, and if they are able, they are doing so by moving into a dwelling that avails itself to all these additional special requirements.

An article recently published in The Press Democrat by Meg McConahey How Covid-19 is forcing homeowners to rethink design mimics what we are witnessing with buyers. What people are looking for in a home has changed. Buyers are looking for more flexibility in a house and the spaces within. It gives a whole new meaning to the phrase “home sanctuary.”

Does your home make you happy? Give us a call. We would love to help you find your unique sanctuary here in Sonoma County.

Virtual Tour of Gorgeous Craftsman Home in Sebastopol

Enjoy a small virtual tour of this incredible home on 3760 Harrison Grade Road in Sebastopol, Ca. Call or email us and we can schedule a zoom call and a more complete virtual tour. This is truly a one of a kind Sebastopol retreat.

This warm and inviting Craftsman home offers a comfortable and relaxed atmosphere while holding on to original roots providing present and future generations with all the modern comforts found in a luxurious home without compromising a relaxed lifestyle. This timeless home features a Chefs kitchen, great room with fireplace, outdoor kitchen, spa, barn, outbuildings and so much more! Retreat to an estate that is saturated with wine country roots.

Offered at $1,575,000
4 Bedroom/3 bath home
2,618± Square Feet
2± acres