Post-Fire, Housing Impact is Still Preliminary

Eight of the relistings had adjusted prices, six had lower prices and two had higher prices.

SANTA ROSA, CA—It has been more than two months since the Wine County wildfires and assessing the impact on the housing markets is still only preliminary. It will likely take a couple of years to grasp the full impact of the fires.

Typically, sales activity slows between October and November, with an average decline between 6% and 14% in the three counties during the last 10 years. After the fires, sales, along with prices, soared in all three North Bay counties. Home sales activity increased notably year over year in November, up by 13% in Sonoma County and by 24% in Marin County but down by 11% in Napa County. Also, sales were markedly up from October with 16%, 17% and 23% increase in Marin, Napa and Sonoma respectively, according to Pacific Union International.