The Goldman Gray Group Newsletter August 2023

Hello August!

August, a month synonymous with warmth, adventure, and a vibrant energy, has arrived, bringing with it the enchanting spirit of California Wine Country. As the sun-soaked days stretch on, August offers us the perfect opportunity to slow down, bask in the warmth, and appreciate the simple pleasures that life has to offer. We have curated a collection of recommended reads, local activities, and noteworthy resources that not only embrace the essence of summer but also celebrate the rich viticultural heritage and art of winemaking found in the California Wine Country.

We also wanted to share our perspective on the real estate market. The days of every home on the market having multiple offers are well over. We have been moving from a sellers market to a balanced market. This is evidenced by a 3.8 months of listing inventory at the end of July. A balanced market is between 4-6 months inventory. This is good news both for sellers and buyers. For sellers you have been savoring the incredible run up of your equity. Yes, it has quieted down, but you have had quite a harvest. For buyers we have moved to a balanced market where you have the ability to negotiate on most listings. Some buyers may be worried that home values may go down. Well,  in the wine country values have remained steady and in some markets they have actually gone up. Another advantage to buyers is when interest rates go down, and they will in time, we could be back in the days of multiple offers. At that time prices will rise appreciably.

In spite of the rising interest rates, there are still plenty of buyers searching for that right property. We have recently sold two multi-million dollar properties that were in escrow in less than 30 days all cash, another listing under a million dollars taking out a loan, and an estate lot in the Kenwood Valley. There are many options in this market to satisfy both buyers and sellers.

If you would like to discuss any of your real estate needs we are here to answer your questions or obtain the information you need.

Happy reading!

Real Estate in the News

Selling Your House? Check Your Feelings at the Door 

Selling your home can be a very emotional decision because this is where many milestones in your life occurred. Perhaps it was your very first home, or the first home you bought with your significant other. And if you’ve lovingly and painstakingly made renovations and upgrades, the home may hold even more significance. However, when you decide to put your home on the market, it's best to keep your feelings in check.

Courtesy of Forbes

Local Happenings

Through Oct 6 | 6pm-8:30pm

Sebastiani Friday Night Music Series

Kick back on the Sebastiani patio and enjoy the music of local bands and musicians on the first Friday of each month. Tickets  includes entry to the event and a welcome glass of Sebastiani wine. Wines by the glass or bottle will be available for purchase. Guests are welcome to bring their own seating and blankets or utilize the existing picnic tables on a first come, first served basis.

Through Aug 20 | 5pm-10pm

Transcendence: The Full Monty @ Beltane Ranch

Six friends. One outrageous idea. And a chance to make their dreams come true. The Broadway and West End sensation The Full Monty is Transcendence’s first fully-staged musical since our 2019 smash-hit A Chorus Line. Written by Tony Award®-winners Terrence McNally and David Yazbek, The Full Monty tells a story that’s full of heart. You’ll be rooting for these down-on-their-luck pals from Buffalo, and wondering up until the very end if they will really pull it off.

Recently Sold

Boyes Hot Springs

880 Agua Caliente Road West

4 BD   2 BA   2705 SF   $3,800,000

Sonoma

1352 Pueblo Avenue

3 BD   2 BA   1264 SF   $860,000

Sonoma Valley

1890 Lawndale Road

0 BD   0 BA   0 SF   $599,000

In Contract

El Verano

18790 Orange Avenue

3 BD   2 BA   1922 SF   $2,395,000

Sonoma Valley

4990 Alta Sonoma Street

3 BD   3 BA   4000 SF   $2,695,000

Featured Listing

Sonoma Valley

17333 Gehricke Road

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

Lifestyle Tips and Tricks

The Best Paint Colors for Every Room 

Paint colors matter. They convey a mood and a sense of style and can define a space.

Courtesy of US News

5 Summer Approved, "Coastal Grandma' Decor 

Think back to this time last year when the “coastal grandma” trend was influencing both how people dress and how they decorate their homes. In the fashion world, this look falls somewhere between beachy and bougie, with pieces like a chunky-knit sweater layered over flowing white linen pants. (Think: Diane Keaton on the beach in the movie “Something’s Gotta Give.”)

Courtesy of Realtor.com

What to Know About Your Homes Property Lines

Learn how to find out where your property lines are, and why property lines are so important.

Courtesy of Better Homes & Gardens

9 Contemporary Interior Design Tips You Haven't Heard Before

Current contemporary spaces have an easy, warm feel to them. Far from formulaic, they can be eclectic or even fun. 

Courtesy of Forbes

Thanks for reading and subscribing! Ready to achieve your next real estate goal?

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.