Sonoma County Properties asks “Is Sebastopol CA. a “Hot” real estate market?” The simple answer, yes it is! We recently offered a modest home (two beds/two baths) on two acres, just south of Sebastopol.
The property was listed at $489,000. It is a little difficult to find two acres in Sebastopol These days so, the response was amazing. Over 180 people attended the open houses on Saturday and Sunday. We received 14 offers, all over the asking price. Four of them were cash offers and the seller decided to negotiate with those offers only.
The winning bid was $558,000. but after it was determined that it needed a new well, septic system and some pest repairs, the property ended up selling for sold for $523,000.00 THis is not unusual here. A property on Waverly offered ay $539,000. just closed at $616,000.