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Up and Coming Areas in Sonoma County

Posted on August 08, 2018 by Estate Vineyard

Sonoma County draws people from all over the world to celebrate the incredible wineries, food culture and outdoor pursuits. Every year, we see up and coming neighborhoods creating their own energy and vibe that sets them apart. Discover our favorite hidden gems in Sonoma County perfect for a day trip or your next real estate investment.

 

South of A Arts District in Santa Rosa (SOFA)
Situated near Julliard Park, the SOFA neighborhood is a hidden gem. Juilliard Park offers Bocce courts, live music, and a community garden. SOFA is located in the corner between Hwy 12 and 101, and is home to over thirty artists studios. To celebrate this high concentration of artists, there is an annual artwalk that showcases the incredible creativity that SOFA has to offer. And the creativity doesn’t stop there—the restaurants and shops in the neighborhood offer up interesting and delicious fare. Check out The Spinster Sisters, Criminal Baking Company, and Atlas Coffee Company.

 

Graton
Located between Sebastopol and Forestville, the small town of Graton is home to restaurants, tasting rooms, and eclectic shops. The Joe Rodota trail runs through town toward the wetlands of Atascadero creek all of the way to Forestville. With a population of about 1700, the small town community has plenty of charm and delicious dining options. Check out Willowwood Cafe, Underwood Bar & Bistro, and Mexico Lindo. Tasting rooms include Bowman Cellars, Paul Mathew Vineyards, and Red Car Wine Company. Be sure to peruse the artists collective Atelier One, the Graton Gallery, and Mr. Ryder & Company. Graton continues to grow, with the development of a community park, and rumours of a brewery and taproom.

 

Geyserville
Geyserville lies just north of Healdsburg, nestled below the geysers that give the town its name. The downtown of Geyserville spans a mere few blocks, but you will find plenty to explore. Restaurants include Diavola Pizzeria & Salumeria, Geyserville Gun Club Bar & Lounge, and Catelli’s. For wine tasting, check out Meeker Vineyard Winery, Route 128 Winery, Mercury Geyserville, Ramazzotti Wines, or Locals Tasting Room. Other spots to explore are Isis Oasis, a retreat center and wildlife sanctuary that was opened in 1978,  Gin’Gilli’s Vintage Home, and Bosworth and Son General Merchandise.

Images courtesy of :
http://sonomastories.blogs.pressdemocrat.com/10083/walk-on-the-wild-side-art-alley/
https://en.wikipedia.org/wiki/Graton,_California
http://www.kellielarson.com/geyserville/

 

Market Update for Sonoma County

Posted on August 06, 2018 by Estate Vineyard

California home sales stumble in June as median price hits new high for second straight month

– Existing, single-family home sales totaled 410,800 in June on a seasonally adjusted annualized rate, up 0.4 percent from May and down 7.3 percent from June 2017.

– June’s statewide median home price was $602,760, up 0.3 percent from May and 8.5 percent from June 2017, hitting another peak.

– California condominiums/townhomes recorded a 7.0 percent price increase and a 7.1 percent sales decline from June 2017.

LOS ANGELES (July 23) – California’s median home price edged higher to another peak in June as year-over-year home sales lost steam for the second straight month.

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 410,800 units in June, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide annualized sales figure represents what would be the total number of homes sold during 2018 if sales maintained the June pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.

June’s sales figure was up 0.4 percent from the revised 409,270 level in May and down 7.3 percent compared with home sales in June 2017 of 443,120. The year-over-year sales decline was the largest in nearly four years.

“California’s housing market underperformed again, despite an increase in active listings for the third straight month,” said C.A.R. President Steve White. “The lackluster spring homebuying season could be a sign of waning buyer interest as endlessly rising home prices and buyer fatigue adversely affected pent-up demand.”

For the second straight month, the statewide median home price hit another peak price at $602,760 in June. The June statewide median price was up 0.3 percent from $600,860 in May and up 8.5 percent from a revised $555,420 in June 2017. June marked the fifth consecutive month that prices increased by more than 8 percent annually, indicating that price appreciation remains robust and is not showing any signs of leveling off. The median price is now 1.4 percent higher than the pre-recession peak and has been growing on a year-over-year basis for more than six years.

“Although home prices increased year-over-year in virtually every region of the state in June, at the same time, nearly every county experienced a significant contraction in home sales from a year ago,” said C.A.R. Senior Vice President and Chief Economist Leslie Appleton-Young. “With the year-to-date sales tally now in negative territory, the back-to-back sales declines could be an early sign that the market is transitioning, especially since further rate increases are expected to hamper homebuyers’ affordability and put a cap on how much they are willing to pay for their new home.”

Other key points from C.A.R.’s June 2018 resale housing report include:

  • On a regionwide, non-seasonally adjusted basis, all regions recorded year-over-year sales declines. Sales in the Bay Area dipped 0.8 percent monthly and fell 8.2 percent annually. Sales in the Inland Empire slipped 1.2 percent from May and was down 14.5 percent from a year ago. Sales in the Los Angeles metro region edged up 0.9 percent from May but was down 12.4 percent annually.
  • The Bay Area Region, which previously led the state in home sales, registered significant year-to-year sales decreases in seven of nine Bay Area counties. Only Alameda and San Francisco counties recorded annual sales gains, while Contra Costa, Marin, Napa, San Mateo, Santa Clara, Solano, and Sonoma counties experienced annual sales declines.
  • The Central Valley Region experienced the smallest sales contraction with sales falling 6 percent on an annual basis. Only Merced County posted a year-over-year sales increase, rising 15.2 percent from a year ago. Five counties – including Glenn, Kings, Madera, San Benito, and San Joaquin – posted double-digit annual declines, while Fresno, Kern, Placer, Sacramento, Stanislaus, and Tulare recorded single-digit annual decreases.
  • The Southern California Region suffered the largest home sales drop, falling 11.7 percent from May. Every county within the region posted declines with all but Orange and San Diego counties experiencing a year-over-year, double-digit pullback. Even the Inland Empire, which had been buoyed by San Bernardino County for the past several months, experienced significant declines.
  • By price segments, sales in every price category under $1 million contracted but lower-priced homes registered the largest sales decline as homes priced below $300,000 fell 23.8 percent from a year ago. At the other end of the spectrum, sales of homes priced $1 million and above increased 7.2 percent from June 2017. The very top end of the market, in particular, continues to post double-digits gains with homes priced over $2 million rising year-over-year by more than 13 percent in June.
  • The Bay Area continued to register the strongest home price gains with the region as a whole recording a 16.1 percent annual increase. While Contra Costa, Solano, and Napa counties experienced single-digit price advancements, the remaining regions experienced an uptick of more than 10 percent. Despite being two of the state’s least affordable markets outside of San Francisco, San Mateo and Santa Clara counties led the pack in price gains.
  • Home price growth in Southern California was more tepid by comparison, increasing by mid- to high-single-digits. Prices in San Bernardino – the most affordable county in the region – had the largest growth rate, and prices throughout the rest of the region grew at a more modest rate ranging between 5.1 percent and 6.9 percent.
  • Statewide active listings improved for the third consecutive month, increasing 8.1 percent from the previous year. The year-over-year increase was slightly below that of last month, which was the largest since January 2015, when active listings jumped 11.0 percent.
  • As sales declined from a year ago, the unsold inventory index, which is a ratio of inventory over sales, increased on a year-over-year basis as well. The statewide unsold inventory index edged up to 3.0 months in June from 2.7 months in June 2017. The index measures the number of months it would take to sell the supply of homes on the market at the current sales rate.
  • The median number of days it took to sell a California single-family home remained low at 15 days in June, unchanged from 15 days in June 2017.
  • A.R.’s statewide sales price-to-list price ratio* was 100 percent in June, unchanged from June 2017.
  • The average statewide price per square foot** for an existing, single-family home statewide was $290 in June, up from $270 in June 2017.
  • The 30-year, fixed-mortgage interest rates averaged 4.57 percent in June, down from 4.59 percent in May and up from 3.90 percent in June 2017, according to Freddie Mac. The five-year, adjustable mortgage interest rate, however, edged higher in June to an average of 3.82 percent from 3.79 percent in May and from 3.14 percent in June 2017.

Article courtesy of California Association of Realtors, July 23, 2018

News This Week: Northern California Fires and Veraison

Posted on August 03, 2018 by Estate Vineyard

EACH WEEK WE COLLECT TOP LOCAL NEWS AND RECENT REAL ESTATE STORIES HOT OFF THE PRESS FOR YOUR WEEKEND CLICKING PLEASURE.

Helping Fire Victims
Fires in Lake and Mendocino Counties have forced the evacuation of over 19,000 people. The road to recovery will be long for those affected—discover some ways to help. READ MORE

Signs of Harvest Are Here
Grapes changing color—known as veraison—is one early sign that harvest is approaching. Now that the colors are changing, vineyard managers are reporting that yields may be larger than they have been the last few years. READ MORE

Cannabis Related Leases Slow
This years legalization of recreational marijuana created a boom for commercial real estate that could accommodate cannabis based businesses. However, property owners are seeing a slow down in interest as regulations are implemented. READ MORE

California’s Must-Do Adventures
Summer is coming to an end and we all want to get away one last time. Check out this guide to some of California’s best outdoor destinations for inspiration.  READ MORE

*Featured image courtesy of 7×7.com

Community Highlight: Bodega Bay

Posted on July 31, 2018 by Estate Vineyard

Known for its rugged beauty, the Sonoma Coast boasts several communities that offer a unique mix of small town coastal charm and luxury. The largest of these towns, Bodega Bay, is Sonoma County’s gateway to the Pacific Ocean. Home to great restaurants, beaches, and the fishing fleet that provides the delicious Salmon and Dungeness Crab found in local restaurants—although it may be better know as one of the settings of Alfred Hitchcock’s “The Birds”—Bodega Bay has been highlighted in Sunset Magazineand Dwell. There are plenty of hotels and vacation rentals to choose from if you are visiting from out of the area. Discover some of our favorite spots while you are here.

Dining

The Birds Cafe– This sweet spot has outdoor seating that overlooks the Bodega Bay harbor. The menu is simple, with great fish and chips, and local beer.
Fishetarian Fish Market– Located next to the Lucas Wharf Restaurant, Fishetarian offers delicious fare in a casual environment. In addition to the great food, beer and wine, you can also buy fresh seafood to take home with you.
Terrapin Creek– It is no surprise that Terrapin Creek has been awarded a Michelin Star—the food is outstanding with a friendly atmosphere that reminds us of a welcoming neighborhood cafe.
Spud Point Crab Company– The clam chowder is not to be missed. Located across the street from the fishing fleet in Bodega Bay, Spud Point Crab Company boasts seafood fresh from the Pacific.

Activities

Bodega Head– Once the proposed site for a nuclear power plant, Bodega Head has the best view of the local coast. Get there by driving to the end of Westshore Rd. and then up the hill. This is a top choice for a short walk or whale watching.
Doran Beach– Located on the spit of land that encloses the Bodega Bay harbor, Doran is a long flat beach that is protected from the brunt of the Pacific Ocean’s power. There is camping available, but be sure to reserve your spot far in advance.
Kortum Trail– Located north of Bodega Bay proper, the Kortum trail offers 8.9 miles of hiking on the bluff above the Pacific.


Events

Fisherman’s Festival– The Bodega Bay Fisherman’s Festival kicks of the opening of the salmon season in April with a blessing of the fleet. The festival offers food, music, wine and beer, and plenty of family fun.
Farmers Market– Hosted by the Bodega Bay Community Center, this market feature fine local fare on Sundays from 10am-2pm.

We love to check the current wind speed and weather at the coast before planning our day trips using the Bodega Marine Lab live update.

Other nearby communities worth visiting are Jenner, Bodega, and Valley Ford.

 

Pearl Jam & Pinot Noir

Posted on July 31, 2018 by Estate Vineyard

Photo by Kevin Mazur/Wire Images/Getty Images

Well before it was considered rock ‘n’ roll to own a wine collection, Pearl Jam frontman Eddie Vedder proudly popped and partook of Pinot right there on stageduring concerts. And in the years since the band’s breakout 1991 album Ten, the Seattle area has become as famous for its winemaking scene as its grunge scene. No surprise then that the band has tuned up a new charity label with winemakers in Woodinville, Washington’s eno-punk Warehouse District to celebrate next month’s Home x Away concerts and raise money for the Vitalogy Foundation, Pearl Jam’s Seattle homelessness awareness and relief charity.

The Home x Away limited-edition box set of reds is a release from the Underground Wine Project, a collaboration between Washington winemakers Mark McNeilly of Mark Ryan Winery and Trey Busch of Slight of Hand Cellars; each bottle of the Idle Hands Syrah/Cabernet cuvée sports a label design by Pearl Jam depicting a retro-futuristic skyline silhouette of one of the four cities along the Home x Away tour kicking off next month, including Seattle, where the Aug. 8 and 10 “Home Shows” mark the band’s homecoming after five years since last playing Jet City—and, reportedly, the biggest concert series the city has seen in more than three decades.

“We have been longtime fans,” McNeilly told Unfiltered of the project. “Trey and I have met [Pearl Jam] band members over the years at different things, and we have worked with them a little bit with some of their charities, but it’s just fun to be pulled in a little bit closer for a great cause. I think that if we can work with Pearl Jam and find some new arenas to talk about philanthropy and talk about people’s responsibilities toward charity, you can kind of open people’s eyes and let them know everybody has a responsibility to help everybody else.”

All the proceeds of the 450 cases sold went to the Vitalogy Foundation. That’s right, the new wine, alas, has already sold out—within 15 minutes of the band announcing the project via its email newsletter. But for the homers in the Seattle area, 10 of chef Ethan Stowell’s restaurants that snapped up some of the wine will be selling it by the glass, with further proceeds going to charity, starting Aug. 1, in the lead-up to the Seattle gigs. Pearl Jam’s partnership with the Underground Wine Project is one of many surrounding the Home Shows with a goal of raising $960,000, with each donation made to the Vitalogy Foundation to be matched by the band.

–story courtesy of Wine Spectator

News This Week: Diverse Wines of California and Pepperwood Fire Recovery

Posted on July 27, 2018 by Estate Vineyard

EACH WEEK WE COLLECT TOP LOCAL NEWS AND RECENT REAL ESTATE STORIES HOT OFF THE PRESS FOR YOUR WEEKEND CLICKING PLEASURE.

Farmers Markets are Modernizing
Farmers Markets are adapting to the times with new outreach programs, more locations, and support for low income shoppers. READ MORE.
*Read our article on top local farmers markets here.

California’s Expectation Defying Wines
California is renowned for it’s amazing wines, but there are still many surprising varietals and appellations to discover.  READ MORE

Pepperwood Preserve Recovering
Eight months after 90% of the Pepperwood Preserve was burned, signs of recovery are clear. “Fire is an agent of rebirth and recovery,” [Micheli] said, calling it a “critical part of the landscape.” READ MORE

Updating California’s Power Grid
California Governor Jerry Brown is pushing legislation to create a regional power grid. The proposal could be a boon to consumers by reducing costs. READ MORE