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Real estate snapshot for Cotati

Saturday, March 23rd, 2013 | Posted by | no responses

 

Realtor.com lists 13 homes for sale in Cotati. Another 22 homes have been marked as pre-foreclosure properties heading to auction because a notice of default has been filed.

The most expensive house is located on Helman Lane, a three-bedroom, five-bath house with more than 3,000 square feet on more than 4 acres that is listed for $1.2 million. The least expensive listing is a condo on Lincoln Avenue, with two bedrooms and one bath on 900 square feet, listed at $139,650 as a bank-owned foreclosure.

Ten homes already sold so far this year, with another 37 sold between September 2012 and December 2012. A total of 77 homes sold during 2012, with a median sale price of $325,000 and 99 days on the market.

Fiserv Case-Shiller predicts that Cotati home prices will increase at an average rate of 3.3% per year over the next five years. In the general market area from Santa Rosa to Petaluma, the forecast is slightly higher at 4.6%.

 

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Nick Walden is our Cotati and Penngrove correspondent.
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