The Goldman Gray Group Newsletter October 2023

Hello October!

Welcome to the October edition of our Wine Country Real Estate newsletter. The month of spook-tacular surprises, cozy sweaters, and pumpkin spice everything! We're falling for all things autumn in this edition of our newsletter. Get ready for some 'boo-tiful' updates, 'gourd'-eous stories, and 'witch'-ful thinking as we navigate through this enchanting October together!

The 2023 harvest has been unusual, with the grape pick lagging nearly a month behind last year. Vintners are comparing this year to 2019, another rainy year with cool temperatures. The slower, cooler growing season allows wineries to pick grapes at the perfect time in their development. The flavors of this year's grapes are promising, and there are high hopes for the prospect of a vibrant and banner vintage year.

How's the market? Economic indicators have been challenging since the fall selling season began: interest rates have continued to rise through early October and stock markets have generally continued to fall from mid-summer, YTD highs. The country faced yet another threat of a federal government showdown, which happily didn't occur, but, unbelievably, another such crisis may soon confront us. Investment markets remain volatile and hard to predict, often reacting negatively to positive economic news (such as employment numbers) as they wait for new inflation numbers and try to parse the possible reaction of the Fed. Any definitive impacts on real estate markets of these recent developments won't substantially show up until Q4 data begins to become available. 

In the meantime, the Sonoma County Q3 median house sales price was up about 3% from Q3 2022. The number of new listings continues to decline from its spring peak. Year over year, the total number of home sales in Q3 was down about 15%, while home sales of $2 million+ was about the same as last year. 

Don’t hesitate to reach out if you have questions about the current market.

Sonoma County Home Price Appreciation

Local Happenings

OCTOBER 14 & 15 | 10am - 5pm

Weekend Along The Farm Trails Fall Tour

Join Sonoma County Farm Trails for the Weekend Along the Farm Trails Fall Tour, October 14 & 15, when local farmers and producers open their gates and barn doors to offer a taste of life on the farm! Meet farmers and producers. Pick pumpkins, apples, and flowers. Registration for the tour is free.

OCTOBER 14 | 12PM - 4PM

Sonoma County 
Harvest Fair

The Harvest Fair Grand Tasting Event features the area’s best wine and food, along with beers and ciders, all produced in Sonoma County! With over 100 wineries participating, even the most experienced connoisseur is sure to find a new favorite to add to their collection. The Grand Tasting ticket offers guests the chance to savor all the award-winning wine from this year’s competition.

October 15| 12pm-4pm

Healdsburg Crush: Pouring On The Plaza

This is the only wine tasting event that takes place on the Healdsburg Plaza! Along with approximately 65 premium wineries, your invited to come spend the day enjoying some of the best Pinot Noir, Chardonnay and Sparkling Wines the West Coast has to offer. There will also be food from local vendors, live music and a silent auction. Healdsburg Crush is one of the most significant fundraising events for Boys & Girls Clubs of Sonoma-Marin.

Recently Sold

Sonoma Valley

1157 Calle Del Arroyo

4 BD   3 BA   2342 SF   $1,235,000

El Verano

18790 Orange Avenue

3 BD   2 BA   1922 SF   $2,400,000

Featured Listing

Sonoma Valley

17333 Gehricke Road

4 BD   4 BA   3530 SF   $3,695,000

Real Estate in the News

More Unmarried Couples Are Buying Homes Together...What to Know Before You Do.

More couples are becoming homeowners before tying the knot.
Unmarried couples make up 18% of all first-time homebuyers, up from just 4% in 1985, according to a 2022 report by the National Association of Realtors,

Courtesy of CNBC

Maximizing Property Value After a Disaster

The first 48 hours are critical to mitigating the costs of restoring a damaged home or business.

Courtesy of NAR

Best Places To Live in the U.S in 2023-2024

To make the top of the list, a place had to have good value, be a desirable place to live, have a strong job market and a high quality of life.

Courtesy of US News

Thanks for reading and subscribing! When it comes to building wealth, nothing beats homeownership.

Reach out to chat!

Avram Goldman
DRE# 00753763
REALTOR®
M: 925.323.8881
avram.goldman@compass.com

John Gray
DRE# 01971913
REALTOR®
M: 707.871.7275
john.gray@compass.com

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 is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.