Watch for Falling McMansions….

The Wall Street Journal, October 22, 2009:

Waiting for the Next McMansion to Drop

By JAMES R. HAGERTY

Despite some tentative signs of recovery, the U.S. housing market remains vulnerable to further price drops—especially in areas where large numbers of mortgages are headed toward foreclosure over the next few years.

The Wall Street Journal’s quarterly survey of housing-market data in 28 major metro areas shows sharp drops in the number of homes listed for sale across the country. But the potential supply of homes is far larger because banks are likely to acquire significant numbers of foreclosed homes in some areas, notably Las Vegas, Atlanta, Detroit, Phoenix, Miami and other parts of Florida, and Sacramento, Calif., over the next few years.

Sales of those homes may depress prices further. By contrast, metro areas with relatively low foreclosure and mortgage-delinquency rates include Boston, Denver, Minneapolis, San Francisco, Seattle, Raleigh, N.C., and Portland, Ore., making them less vulnerable.

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Upcoming Events in the North Bay

October 23 – 25 — Mavericks Show at Longboard Vineyards
Exhibition, Reception: Come see a unique photography collection of the surfers who surf “Mavericks” and the photographers who risk their lives documenting them. Friday night reception will begin at 5pm and run until roughly 9pm. Show open during tasting room hours. 5 Fitch St., Healdsburg
Fee: Free
Time: See Description
Phone Number: (707) 433.3473

October 24 — Fall Festival and Costume Parade
Family Fun: Come to Howarth Park for an afternoon of family fun! Dress in your best costume and join the parade. Then trick-or-treat at various locations around the park. Only friendly ghosts and goblins allowed! Parade: Starts at 12:30pm, please line up by the snackbar. Trick-or-Treating. 630 Summerfield Rd, Santa Rosa
Fee: Free
Time: 12 p.m. – 3 p.m.
Phone Number: (707) 543.3003

October 25 — Pinot Festival “Pinot On The River” www.pinotfestival.com
Wine Education: Are you passionate about Pinot Noir? Join us at the Russian River Vineyards Wine Center in Forestville for the Annual ‘Pinot On The River’ Festival, a weekend of great food, tastings and seminars focused on Western Pinot Noir.
Fee: Varies
Time: call for schedule of events and locations
Phone Number: (707) 922.1096

Sold – Bohemian Highway

340 Bohemian Highway

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I fell in love with this house…and then I sold it

Gated jewel of a property on 6+ acres, 2 +/– planted in premium pinot noir grapes. Stunning rammed earth contemporary wine country home with incredible attention to detail. Pool,pool/guest suite,expansive terrace ideal for entertaining. Spectacular gardens, olive trees, lavender field, hot tub, large barn, 3 car garage. About an hour and twenty minutes north of San Francisco, three minutes from the quaint town of Occidental and twenty minutes form Bodega Bay.

Call me for sale details.

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