Saturday, March 25, 2017

Sebastopol Snapshot

Via Tom Stone [Century 21] A chart of Sebastopol Prices courtesy of Nick Dunlop [Dunlop Appraisal Services]
Peak pricing? Permanently high plateau? Limited supply? More data to come with "paired sales" individual properties coming soon.

Side note:  Pulled some grass and discovered I had one of these.
 
The Dawghaus and Echo Beach share this view to the north.




27 comments:

Mike said...

would be helpful to see volume (units sold) charted on a line graph overlaying those bar charts. i.e. is it a few...highly priced properties moving...or is the rising tide lifting all boats??

Lawyerliz said...

Holy s●●t. How can anyone afford to live there?

Mike said...

well..they do save a lot of money by being able to grow their own fruit.. ;<)

Rob Dawg said...

... and nuts! [ba-da-bing]

Mike said...

My sister owned a house in Mission Viejo back in the 90's that she had to sell because of a job transfer. I think she ended up selling it for $180K (it was right at the depths of the OC bankruptcy thing)...cheapest houses in that neighborhood (when I look on Zillow now) start at $600K..

what a dummy I was for not scooping that up back then.. :<(

Cinco-X said...

The land of fruits and nuts

Lawyerliz said...

Yo?

Rob Dawg said...

honest question. not fishing for compliments. Should I keep appending pretty flower pics to posts or are they a distraction?

Elizabeth Merceret said...

Yes!!!

Cinco-X said...

Agreed

LBD said...

Yes, you do a great job and all we have is tumbleweeds. The grass shows signs of green today and some bulbs are coming up. :)

EngineerJim said...

I see yuan is on Reddit now.
I think he'll find it boring.

Lawyerliz said...

I got My lawn guy to weed wack the sawgrass. Which unfortunately doesn't kill it..

Mike said...

it's got to be a little scary being a landscaper in Florida..when you "wack the weeds"..you don't know what's going to jump out and wack you back.. lol

Cinco-X said...

What's his handle? Yuan?

Rob Dawg said...

Vampire tortoises. Flying pythons. Creeping razor grass. Strangle gators. Blood vines. Zombie Conquistador ghosts. Retired northeasterners. You never know.

Lawyerliz said...

Wasps are bad.

EngineerJim said...

>What's his handle? Yuan?

yuan_hcn

Just guessing on this !

Cinco-X said...

Yellow jackets and white faced hornets are pretty bad up here, buy no more poisonous snakes

Thomas Stone said...

Liz, damn few can afford to live here now, it's a serious problem for the community.
Schools are first rate but have declining enrollment because people with kids can't afford to live here unless they inherit a home. It's just the right distance from SF for someone who lives here to drive down for the Ballet or a show and make it back in a reasonable time. And building here...three years for approvals if you find a lot and $80K for the permits in town.
The important takeaway for me is that at a time when we have record low inventory prices have begun to drop, and in the spring at that. It's the inflection point I have been waiting for.
We'll likely see a 25% price drop over 3 years or so in inflation adjusted dollars.
Many properties purchased in 2004-2005 have never returned to those prices in nominal dollars, let alone inflation adjusted dollars.

LBD said...

Good Morning!

More rain today!

Very sad that the younger families are continually being pushed out of parts of their own country.

Cinco-X said...

Good morning

Cinco-X said...

Having breakfast at the local cafe with my daughter. She's been traveling for work almost all of March

Cinco-X said...

She was just in Cincinnati... Glad she got home before:
http://www.businessinsider.com/r-one-killed-at-least-14-wounded-in-ohio-nightclub-shooting-cnn-2017-3

LBD said...

Nut culture continues to grow. :(

Rob Dawg said...

LBD, when CA files for divorce the split will be bigger than the San Andreas. And who will be there with a 20 year plan? I tell you, get you papers in order.

Rob Dawg said...

Tom, I've started a post to discuss the new no kids zoning. We'll get to your "scary" prediction of price declines later.

New post.