Healdsburg is Becoming Affordable

Yes I said it and it is. Healdsburg is Becoming Affordable. Here is why, what is taking place in the real estate market right now and what will take place through next fall.

What is affordable for a family today is changing and is becoming more realistic. Folks have a wide and varied opinion of affordability. That difference is based on many factors.

Let’s review a few different scenarios.

1. One scenario is a productive young couple that has some savings and purchased a home when homes were $300,000. At the bottom of the recession. There are a lot of them out there. There have been no homes to “Move Up” into.
2. There are those who can get some help from their family which allows them to make a bigger investment too.
3. There are those that are going for it and buy no matter what because now as so many times before is the time to buy. Low interest rates, lots of grant money available and eased lender guidelines all contribute to this “Perfect Time to Buy”.

Right now we are seeing many 1500-2000 SF homes come on the Healdsburg market in the $500,000’s. with Cloverdale and Windsor priced about $100,000. less than that. The homes in this price range have been nonexistent for years with not nearly enough inventory available. This has shut down any hope for folks that purchased at the bottom of the market and planned on moving up. Besides that they are happy and do not plan on moving.

Very soon there will be enough homes on the market to fill that void thus creating more affordable housing to Healdsburg in the low to high $500,000’s. When this takes place those happy folks that did not PLAN on moving will be. That is if you consider a $500,000. home affordable.

So in reality the whole real estate market is a cycle with good and bad parts to the cycle. I strongly suggest that you meet with a great lender and interview a few of them. They all do have the same products but different companies have different visions. Call me if you need help with this part.

You may be able to lock in your housing costs for the next twenty years. We all know that when we set goals they come to reality much faster if done so with a written plan. Do it now. The money saved in taxes may cover half of your house payments.

You will leave that meeting with a plan and a new lease on life. A lease with you as the landlord!

Bob Santucci is a Realtor with a passion for community. His team has solutions that work and has provided more than twenty homes priced under $325,000. with no restrictions in the past two years.