hello from Sonoma county California

4 Replies

Hi....I live in Santa Rosa California and currently own some condos and one commercial building. I have joined bigger pockets in the hope of gaining knowledge of smart investment ideas and feel like i have learned a lot already.  Unfortunately I have found that Sonoma County has become seller's market rather than a buyer's market especially after the fires last year but I am determined to find some great deals on multi unit properties. 

Welcome, there is a meet up in Petaluma where you may be able to meet some helpful people. Best of luck in your real estate adventures.

Hi @Nadia Alrawi , Nice connecting!! 

Hang tight. Signs are pointing to a shifting market, a more balanced market. 

The inventory of homes and condominiums available in Sonoma County at the end of September was at 1,198. That's 33% ahead of the inventory in September 2017 (899) and is down slightly from the inventory last month (1,216). This remains a relatively high inventory. The average Days on Market for the County as a whole is 59 days (the highest since January of this year. 

The appreciation rate has settled down from the 12% year over year increase in the first part of the year. This continues to point to a shifting market.

Oh and here is the link for the next Sonoma-County-Real-Estate-Investors-Meetup

Hello! @Nadia Alrawi

Welcome to BP, and congratulations on making the decision to invest in your future via real estate.

I have written a few blog posts that may help you get started here on BP, and with your investing. Please click on the links, give them a read, and share your thoughts in the comments.

First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:

https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp



The second is a post that will help get you focused with your real estate investing goals:

https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciated

The last one is a post that will help you choose an “investor friendly” real estate agent. There are many agents out there, but it’s important to choose the right one.

https://www.biggerpockets.com/blogs/5868/52724-im-new-to-investing-how-do-i-find-an-investor-friendly-agent

I love answering questions if you have any! Good Luck :)

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