February 12, 2021

Real Estate Report - February

February 12, 2021/ Steven Cozza

Our January report focused mostly on 2020’s annual statistics. This report will put most of its attention on quarterly and monthly indicators, which better illustrate changes occurring as 2020 progressed: pre-pandemic to initial pandemic crash through the subsequent market recovery. In some counties - and of course, Sonoma is one of them - the terrible fires of late summer, early autumn also affected market dynamics to varying degrees.

The 2021 market began with a bang: The number of listings going into contract in January was more than 50% higher than in January 2020, a tremendous increase. As is the norm, new listing activity climbed from the typical annual low point in December.

February 04, 2021

Do I Really Need a 20% Down Payment to Buy a Home?

February 04, 2021/ Steven Cozza

Is the idea of saving for a down payment holding you back from buying a home right now? You may be eager to take advantage of today’s low mortgage rates, but the thought of needing a large down payment might make you want to pump the brakes. Today, there’s still a common myth that you have to come up with 20% of the total sale price for your down payment. This means people who could buy a home may be putting their plans on hold because they don’t have that much saved yet. The reality is, whether you’re looking for your first home or you’ve purchased one before, you most likely don’t need to put 20% down.

January 28, 2021

What Record-Low Housing Inventory Means for You

January 28, 2021/ Steven Cozza

The real estate market is expected to do very well in 2021, with mortgage rates that are hovering at historic lows and forecasted by experts to remain favorable throughout the year. One challenge to the housing industry, however, is the lack of homes available for sale today. Last week, the National Association of Realtors (NAR) released their Existing Home Sales Report, which shows that the inventory of homes for sale is currently at an all-time low.

January 21, 2021

Real Estate Report - January

January 21, 2021/ Steven Cozza

Happy New Year! We hope 2021 is a wonderful year for you and your loved ones. 2020 was certainly a year of social, political, economic and environmental extremes. Despite the hard times we are proud to say that we helped more people last year than we ever have. We are so grateful for your support recommending our services to friends and family and for the hard work of the members of the Cozza Team. We look forward to whats to come in 2021 and to helping even more in the communities we serve.

January 14, 2021

What Does 2021 Have in Store for Home Values?

January 14, 2021/ Steven Cozza

According to the latest CoreLogic Home Price Insights Report, nationwide home values increased by 8.2% over the last twelve months. The dramatic rise was brought about as the inventory of homes for sale reached historic lows at the same time buyer demand was buoyed by record-low mortgage rates.

December 17, 2020

Real Estate Report - December

December 17, 2020/ Steven Cozza

Hi Friends!

There is no doubt that 2020 has been a strange and challenging year! Despite the hardships , I am still so grateful to be a part of such a strong and resilient community! We, as a team are proud to still be doing our very best to make the selling and buying of real estate as easy as possible for our clients. I want to give a huge thank you to all of those who recommended buyers and sellers to the Cozza Team, because of that, this year we were able to donate $5,400 to Mentor Me local children mentoring program and $2,000 as part of our $2k Giveaway to local 3rd Grader Elec who is currently battling Leukemia.

Thank you for supporting our mission to give back!

November 05, 2020

Why the Election Won’t Dampen the Housing Market

November 05, 2020/ Steven Cozza

Soon Americans will decide our President for the next four years. That decision will have a major impact on many aspects of life in this country, but the residential real estate market will not be one of them.

October 22, 2020

Home Values Projected To Keep Rising

October 22, 2020/ Steven Cozza

As we enter the final months of 2020 and continue to work through the challenges this year has brought, some of us wonder what impact continued economic uncertainty could have on home prices. Looking at the big picture, the rules of supply and demand will give us the clearest idea of what is to come.

October 22, 2020

Real Estate Report - October

October 22, 2020/ Steven Cozza

View in browser

Real Estate Report

October 2020

Hi Everyone, we hope this email finds you well and safe! Our hearts go out to so many of our friends and neighbors that have been affected by these terrible fires, and our gratitude is too deep for words to those fighting the fires and assisting those needing help. We continue to issue market reports during these times of simply because there are still people who have to make decisions regarding the purchase and sale of homes.

Thanks for reading,

The Cozza Team

The table below compares Q3 statistics across 5 years.

Check out the difference between Sonoma County & Marin County!

Median sales prices can rise because of increases in fair market value – i.e. buyers are paying more money for the same home (supply and demand) – and/or because buyers are purchasing larger, more expensive houses, often in more expensive communities. Both dynamics are currently at play, but it is certain that affluent and very affluent buyers have made up a dramatically increasing percentage of the demand in Sonoma and Marin Counties and other Bay Area markets.

Long-Term Trends in Median House Sales Price

through YTD 2020

Selected Supply & Demand Indicators

For a more detailed market report and graphs you can click here: Survey of Bay Area Markets.

Cozza Team Coming Soons!

204 Skilling Ct. Cotati - 4bd, 2bth 1,995 sq.ft.

$735,000

3615 Crescent Cir. Santa Rosa - 4bd, 4.5bth 3,676 sq.ft. $1,785,000

3275 Newmark Drive Santa Rosa - 3bd, 2bth

1128 sq.ft $549,000

(Photos Coming Soon!)

We Have the Buyers and Sellers

We have buyers and sellers all over the Bay Area. If you are thinking about buying or selling, give us a call. Your current home may already be sold or future home may already be found. You can always call or text us at 707.328.9766

We Hosted our First Free Webinar This Week...

Our webinar covered :

~ 10 most crucial steps when buying a home with Steven Cozza

~ 3 things that will save you thousands with Stewart Broughton of Supreme Lending

To watch our recorded webinar click below!

WEBINAR

NOMINATE

Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. Equal Housing Opportunity.

Want to stop receiving our emails? Unsubscribe now.

October 15, 2020

$2K Giveaway

October 15, 2020/ Steven Cozza

What The Cozza Team loves MOST about real estate is giving back and helping people. In light of all the challenges our community has had to endure in 2020, our real estate team wants to give back! We all experience hardships. Having the support of family, friends, and community can make a big difference in someone’s life. Cozza Team wants to help our neighbors when they need us most. This November we will be giving away $2,000 to a local individual, family or nonprofit.

Blog

Cozza Team