Archives

News This Week: New Old Growth Redwood Park Larger Than Muir Woods and Weekly Real Estate News

Posted on June 29, 2018 by Admin

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

Oldest Redwood in Sonoma County
Save the Redwoods League has acquired 730 acres of northern Sonoma County coast. The land features incredible old growth redwood trees, including what may be the oldest tree in the County. Over the next few years, it will be turned into a public park larger than Muir Woods.  READ MORE

Free Flowing Wine
Free Flow Wines, a leading company in the fastest growing sector of the wine industry, is moving their operation from Napa to Sonoma. The move will increase the company’s capacity and provide additional bulk storage space for their premium wine-in-a-can service.  READ MORE

Home Sales Rising
The Commerce Department reported that new home sales increased by 6.7% in May. The trends looks like it will continue, with expectations that “improved economic growth, continued job creation and solid housing demand should spur additional single-family construction in the months ahead.” READ MORE

Surprising New Design Ideas
Designers are striving to make our homes healthier and more functional by integrating the microbiome into new and creative products — including wallpaper that filters the air and attractive flooring generated from “waste” materials. READ MORE

 

 

New Listing! Winner’s Circle Estate & Vineyard

Posted on June 27, 2018 by Admin

Spectacular Estate Home with Winery & Hospitality Potential


Asking price:
$12,950,000
Acreage: 60± Acres
Vineyard: Organic vineyards featuring 19.1± acres of Pinot Noir and 5.5± acres of Chardonnay recently planted to highest standards.

Winner’s Circle is a premier estate in the heart of the Russian River Valley. This 7,500± sq. ft. luxury home in Sebastopol embodies California contemporary design, and features panoramic mountain and valley views from every window.  A guest house, caretaker’s unit, and barn add value and interest to the property. Featuring 24.6± acres of organic Pinot Noir and Chardonnay vineyards plus a potential rental income through Inspirato, this is an incredible opportunity for the luxury home buyer and/or vineyard investor. 

The Main Residence was designed by architects Gerald C. Taylor of San Francisco and Val Arnold of Beverly Hills for the Walter family. Constructed in 1991 and renovated in 2013, the 7500± sq. ft. home has four bedrooms, four and a half bathrooms, a large gourmet kitchen, a butler’s pantry, and expansive common areas. Floor to ceiling glass doors in every room open onto extensive patios. A heated pool and spa invite you outdoors to enjoy the beautiful Russian River weather. 

Winner’s Circle is located just one hour North of San Francisco in the heart of West Sonoma County Wine Country. Situated between  Healdsburg and Sebastopol,  the area offers great dining, shopping & a welcoming community. This part of the Russian River Valley has long been established as a premier region for producing exceptional Pinot Noir and Chardonnay. Many award-winning wineries are minutes away from this iconic location.

People move to Sonoma County from all around the world to enjoy the beautiful, mild climate. Located just 10 miles away (as the crow flies) from the Pacific Ocean, the weather is characterized by morning fog, warm days and pleasant evenings. The warm, dry summers and temperate winters encourage outdoor pursuits and allow farmers to grow amazing produce year-round. There are endless opportunities to explore premier Sonoma and Napa wineries and restaurants. Outdoor enthusiasts are blessed with 50+ regional and state parks that showcase coastal tide pools, old-growth redwoods and mountain views.

Located on Vine Hill Ridge in the Russian River American Viticultural Area (AVA), Winner’s circle located in the heart of West Sonoma County. Situated in between Healdsburg and Sebastopol, the AVA features the best known and most loved varietals. Home to the top Pinot Noirs, Chardonnays and old vine Zinfandels, this cool climate grape region supplies world renowned wineries in Sonoma and Napa counties, creating award winning wines that are some of the world’s best. 

The Russian River AVA has raised the standard for California grape production and winemaking.  The relatively cool summer encourages the grapes to ripen slowly, establishing balanced acidity.  This slow, prolonged ripening period creates the delicious flavors distinctive to this region. The soils offer perfect drainage and ideal conditions for growing grapes.  

Additional Property Features:

The guest house shares the entry courtyard with the main residence.  The unit is accessible from the main residence via a  short covered walkway.  The generous one bedroom boasts stunning views and an open floor plan. 

  • 900± sq. ft.
  • Located adjacent to the main house – just a short walk down a covered sidewalk connecting the two buildings.
  • 1 Bedroom/1 Bathroom
  • Living room with queen-size pullout sleeper sofa
  • Kitchen
  • Garage/Storage

Located on the smaller of the two parcels, the caretaker’s unit has two bedrooms and one bathroom.  A horse barn featuring six stables and an open interior also shares this second parcel.  The barn currently houses the irigation equipment for the vineyards. Situated adjacent to the barn is an equine aqua-tred.  This beautiful rustic building was originally built for the first-class thoroughbred ranch that was established here by the original owners, Barbara and Robert Walters.  The Walter’s best known gelding,1996 Kentucky Derby Runner-up Cavonnier, was foaled here at Winner’s Circle in1993. 

  • 35± Acres of oak woodlands 
  • Caretaker’s unit (2Bed/1Bath)
  • Barn with seven stables and irrigation pump room
  • Pump House
  • Horse Aqua Tread

Winery and Hospitality Potential

  • 2 Parcels: 55-acre parcel zoned DA D6-40; 6 acres zoned RA D6-10
  • Potential for main residence conversion to hospitality/wine-tasting/guest facility
  • Potential Winery/Tasting Room site

For more information, contact Mark at 707.322.2000 or Jeannie at 707.480.1541.

 

News This Week: Help for Homebuyers and California State Park Highlight

Posted on June 22, 2018 by Admin

EACH WEEK WE COLLECT TOP STORIES HOT OFF THE PRESS FOR YOUR WEEKEND CLICKING PLEASURE.

Annadel
This article takes a look at one of the incredible parks we have in Sonoma County ― Annadel State Park. “While the park today is primarily a recreation magnet, the landscape itself has stories to tell, and the natural history of Annadel is a fascinating tour through time and change.” READ MORE

On The Rise
A new report by the Union of Concerned Scientists describes the potential impacts of sea level rise in coastal California. Although global climate change may impact other states before California, tidal flooding is “inevitable.” READ MORE

Help for Homebuyers
Santa Clara County supervisors have approved a program that allocates $25 million in funding that will support first time home buyers with down payments. READ MORE

Sonoma Listed as One of Coolest Towns in America
Budget Travel just released its list of the “10 Coolest Small Towns in America.” No surprise to local residents, the town of Sonoma came in at the top of the list, taking the number two spot. READ MORE

 

News This Week: New Housing and Hiking Trails In Sonoma County’s Future

Posted on June 15, 2018 by Admin

EACH WEEK WE COLLECT TOP STORIES HOT OFF THE PRESS FOR YOUR WEEKEND CLICKING PLEASURE.

NEW HOUSING IN SONOMA COUNTY’S FUTURE
The Santa Rosa City Council and the Sonoma County Board of Supervisors are moving forward to create an agency that will help foster home building in targeted areas. They hope that the new agency will be an “aggressive mechanism used by local governments to create new housing in the county.  READ MORE

RAILS TO TRAILS
The California State Senate passed a proposal from Mike McGuire that would turn the tracks owned by the North Coast Rail Authority into a 300 mile long hiking trail. The trail would stretch from Napa and Marin Counties all the way to Humboldt Bay.
READ MORE

HOME DESIGN INSPIRATION
This article from Sotheby’s gives some great ideas for transforming your home into an oasis of relaxation. “The formula for your own relaxed haven is quite simple: a little light, some sea-blue accents, open-air living, and the potential for fun.” READ MORE

REAL ESTATE INDUSTRY NEWS
The Counselors of Real Estate have just released a list of the 10 most important factors affecting the industry. The list is a great way to stay ahead of the game in the current real estate market.
READ MORE

 

Why 2018 is the Year to Sell Your Home: An Economic Overview

Posted on June 12, 2018 by Admin

Considering selling your home or real estate investment? Projected economic and job growth coupled with an anticipated rise in interest rates (toward the end of this year and into the future) means that this spring and summer is the perfect time to sell your home. High demand and low housing inventory has made the first half of 2018 a seller’s market in the majority of the top housing markets in the United States.

This is a rare opportunity for sellers— you may get more than your asking price. Buyers are eager to close before the anticipated rise in mortgage payments; and the market is competitive, leading to bidding wars that are raising sales to well above listing prices, increasing your profits.

OUR ECONOMY: According to real estate economists, the economy will continue to grow over the course of the next 3 years, with 2.8% projected growth in 2018. Although the forecast is looking good for long-term growth, the anticipated surge may slow to 2% by 2020.

INVESTMENT ACTIVITY AND HOME PRICES: An economic rise featuring continuous job growth is expected to generate a boost in investment activity, making 2018 a perfect time to sell. “It appears that the forecast for strong economic growth may lead to higher levels of investment activity. According to urbanland.uli.org, survey respondents increased their expectations for transaction volumes for 2018 and 2019 (up $23 billion in 2018 and up $11 billion in 2019).” Alongside the increased investment activity, we will likely see a continuous rise in prices of homes over the course of 2018. Home prices will continue to surge until 2020, but at a decreased pace (5% in 2018 and 2.3% in 2020).

INFLATION AND INTEREST RATES: There is some anticipation that inflation rates will be on the rise until 2020 (resulting from the GDP growth rate). As inflation progresses, interest rates also increase leading to higher mortgage payments. We have already begun to witness the widespread anxiety that stemmed from an initial increase in interest rates— the stock market swing in early 2018.

So what does this mean if you are selling your home or property?  

Buyers will likely feel a growing sense of urgency to invest now, before rates surge even higher. Lingering fear from the housing collapse a decade ago may prevent potential buyers from investing as they see interest rates continue to climb. Although the fear is understandable, the average mortgage payment (adjusted for inflation) still falls approximately 36% below what we were paying back in 2006. Nonetheless, we may see some buyers leaving the market.

There is low housing inventory and buyers are ready to find their homes… But don’t wait too long, because your perfect buyers may decide to wait out this next cycle of economic uncertainty and the advantageous bidding wars that can escalate your returns $50k-300k will disappear with them.

Contact me at 707.322.2000 for information about selling your home in Northern California.

*Economic data taken from the most recent ULI Real Estate Economic Forecast

 

News This Week: Knowing When to Buy & Residential Innovation

Posted on May 18, 2018 by Admin

EACH WEEK WE COLLECT TOP STORIES HOT OFF THE PRESS FOR YOUR WEEKEND CLICKING PLEASURE.

Knowing When to Buy
Buying your first home is very exciting and rewarding — “a point of pride and something to celebrate.” Here are some suggestions to get the very best home you can. READ MORE

A Different Perspective On High Rent Prices
The Bay Area’s notoriously pricey real estate market affects renters in ways you may never have imagined. Rent control can make a place affordable, but ultimately leave you feeling stuck. READ MORE

San Jose’s 10,000 Tiny Homes
In an effort to increase housing for Silicon Valley, a non-profit called Soup is working to make building secondary units easier. Soup aims “to build 10,000 homes in 10 years, by erecting prefabricated granny flats in backyards or on other unused parcels.“ READ MORE

Summer Stargazing
With summer just around the corner, we love this reminder to get outside and enjoy the night sky. Find out where you can go for exquisite night views all summer long. READ MORE