The California housing market has shown its resilience this year, rebounding in January after a six month slump in the second half of 2023 when mortgage rates were at a high. According to real estate watch dogs, interest rates are expected to decline later this year, improving inventory throughout 2024.

California Association of Realtors has expressed optimism that the overall outlook for the housing market appears positive as pent-up demand translates into sales. There is an increase in active new listings in the Petaluma area. “While mortgage rate fluctuations may influence potential new buyers and sellers,” says Timo “the prospect of a softening in the economy and a downward trend in interest rates in the coming months is helping with increased inventory locally.” This should provide buyers with more financial flexibility. However, there is still likely to be a tight inventory in the Petaluma area as housing demand continues to exceed supply availability.

Forecasts predict a substantial 22.9 percent increase in existing, single-family home sales this year, compared to last year. “Homes are moving swiftly,” says Timo. “The current average home value in Petaluma is around $900,000 with homes on the West Side averaging around $1.1m.” Real estate remains more expensive in Bodega Bay, Healdsburg, Penngrove, Sebastopol and Sonoma, which makes Petaluma all the more appealing, price wise, for a desirable Sonoma County address.

“There’s been a downward trend in many Bay Area cities and counties,” says Timo, “Sonoma County on the other hand, retains its value for the money in real estate investments whether you are looking to buy a home for yourself or to rent out.”

Planning helps everyone be a step ahead in addition to having an agent that is highly aware of the local market. Timo is always available to discuss your goals, talk strategy, pivot as needed and work for you in this fast-changing market. Call him today at 707. 477. 8396

front porch logo 600px
Don't Miss Our Next Post
Subscribe Now
who you work with matters

Timo Rivetti has been serving his clients with a highly individualized service tailored to specific needs and requirements since 1998. Unparalleled knowledge and expertise in the region is invaluable when it comes to buying and selling real estate. Hiring an agent who knows the area inside out makes all the difference in a competitive market. Timo and his team of experienced professionals work with each and every client to find and secure the perfect property at the best price, with all of the required amenities in the right neighborhood. When it’s time to make a move, call Timo.

Timo photo collage-one

What My Clients Have To Say


Sold a Single Family home in Petaluma, CA.

Timo and his team guided me through the preparation for showing, including all inspections and document gathering, the actual showing, and help with negotiations so it was an easy and successful sale. It was a textbook-positive process.

His team gave me confidence and clarity through the whole experience. I recommend Rivetti Real Estate fully and happily.

Bravo and thank you, Timo!

Rebecca Brown

Bought a Townhouse home in Petaluma, CA.

Timo helped me buy my first house! (Still can't believe it!) I had a lot of questions, but he and his associate Renee were patient, professional, and fast in answering all of them. I found Timo through a friend and he could not have been more helpful and knowledgeable about the whole process for this noob home buyer. Highly recommend he and Renee and am so grateful to my friend for recommending him.


Bought and sold a Multiple Occupancy home in Petaluma, CA.

I cannot say enough about my incredible experience with Timo and his assistant Renee. I am 22 years old and had a dream of buying a house in westside Petaluma. Most people would say that is impossible, well not if you have Timo on your side! Timo walked me through the process and made me feel so comfortable and confident throughout the whole process. Timo truly had my back and did the impossible and I now am a proud owner of a house in west side Petaluma. I will be using Timo for any purchase or sell I ever have, and I recommend you do the same. Thank you again Timo! Together we “Made History”


Global Connections

Connected to over 460,000 Agents Worldwide in more than 160 countries you can be assured your home will be seen around the world.

Market Share

With over five decades of combined real estate experience, our team of agents and local experts bring an exceptional level of knowledge, teamwork, and diligence to help clients achieve their real estate goals.

$4.0+ Billion

Thousands of properties sold. Over $4.0+ billion in combined volume. You can trust your dealing with experts who will get it done

Happy Campers

Check our reviews. Our client's love us. We put in the work, and always put you first. Trust, integrity, honesty and passion!

If you live here already, you know how blessed we are. If you're considering living or investing here, you've probably experienced some of the area's extraordinary possibilities: country settings and small-town communities; enthralling agricultural beauty, and true farm to fork lifestyle, If Northern California is your real estate destination, you've arrived at the right spot. Whether you're looking to buy your first home - or to sell an estate - expect nothing less from us than a Meritage blend of real estate expertise, professional service, creativity, and a passion for achieving your goals.