Dry Creek Valley Estate

Located within minutes of world class wineries, restaurants & the historic Healdsburg Plaza, this glorious hillside property sits on approximately 11 acres with incredible views of the Dry Creek Valley. A gated entry & private drive lead to the custom 3,700+/- sq.ft. residence with expansive decking, a tennis court & separate studio. A true fusion of elegance and comfort, this is the ideal wine country haven.
For further information visit www.2171WDryCreekRd.com

 


Stunning Bennett Valley Estate

This custom estate designed by Farrell and Faber features soaring ceilings, an oversized chef’s kitchen, a sumptuous master suite on the main level, and banks of windows in every room to frame the delightful views. Situated on nearly 3/4 of an acre in the desirable Fable Country Estates, this Mediterranean style residence offers the best of all worlds.

For further information visit  http://www.4530BennettViewDrive.com


Sonoma/Marin Coast Market Update

Activity continues to improve on the Sonoma/Marin coast as we approach mid-Summer and investors search for second-home deals. Five Bodega Bay homes closed escrow in June; all were in Bodega Harbour priced from $307,000 to $1,150,000.  These sales, and the improved activity at upper levels in recent months, resulted in an 2.8% uptick in the median price for Bodega Bay homes sold – the first increase in a very long time.

For the past 12 months ending June 30th, the median price stands at $617,000 compared to $600,000 for the 12 months ending June 30th, 2010.  This is further evidence that we may be at the bottom of the market. The median has been hovering around the $600,000 level since the end of 2010 and we seem to be on an upward swing.

Lots of heavy lifting to be done before we pop the champagne though, as nobody is predicting any significant price appreciation for a while as distressed properties are still having an impact. New business in June resulted in six Bodega Bay sellers accepting offers – driven by bank owned and short sales as five homes were in this category. List prices ranged from $249,000 to $525,000 – certain to affect the median price for this period.
Land sales remain nigh-on-dead with no sales and nothing in escrow.
So, a good news/bad news but progress is being made!
As always, if you would like more detailed information on local sales, do not hesitate to contact John Chute or Steve Hecht at (888) 753-5132.

Transparency

It is an honor to represent sellers in the sale of their most valuable asset.  It has been my pleasure to provide that service for many sellers over the years.  In the early 2000’s, when real estate values were on the rise, it seemed that nothing bothered a buyer, not  even defects discovered during due diligence. Times have changed and “transparency” coupled with knowing what you are selling is critical to a successful real estate sale in the current market.  Transparency seems like an obvious necessity in real estate, but I’m amazed at how little many professionals know about the properties they are selling.  Part of my discussion with sellers is to have all the pertinent inspections performed prior to setting the price and presenting the property to the open market for the first time.  This is an investment in a seller’s peace of mind during a transaction.  If you know up front what the issues are, you and the seller can make important decisions about pricing and doing corrective work without the pressure of contracts or demanding buyers. Stepping through this process is even more important when dealing with rural property.  Not only are the inspections critical, but an understanding of easements, water and water rights, septic systems, local government regulations and other issues that ultimately effect value are critical to making clear and specific representations about the real estate being offered for sale.  If these things are available to a potential buyer up front, the decision to make an offer and at what price, is hopefully made easier. The time to have this information available is at the first showing.  You may only get one chance to provide this knowledge about the property and secure the continued interest of a buyer. An investment up front will hopefully bring a better dividend in the end, resulting in a higher price for the property and a smooth transaction for everyone involved.

 

Kaaren Atkin
Broker, DRE 01039385
707.481.7043
kaaren.atkin@sothebysrealty.com


Sotheby’s Real Estate in the Wine Country

Artisan Sotheby’s International Realty is based in Sonoma County. Our superb agents are experts in residential real estate, vineyards, raw land, and wine country estate property. We have offices in Healdsburg, Santa Rosa, and Sebastopol for your convenience.

Artisan Sotheby’s International Realty
Healdsburg Office
409 Healdsburg Avenue
Healdsburg, CA  95446
707-433-6555

Artisan Sotheby’s International Realty
Santa Rosa Office
3554 Round barn Boulevard, Suite 302
Santa Rosa, CA 95403
707-284-1111

Artisan Sotheby’s International Realty
Sebastopol Office Office
7775 Healdsburg Avenue
Sebastopol, CA 95472
707-824-0200