AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
Dirty land2/2/2024 ![]() To put this in perspective, Northwest Santa Rosa has sold a total of 237 lots since October of 2017 for an average price of $284,222 while the greater Sonoma Valley region has seen 179 transactions at an average value of $831,827 and Healdsburg sellers consummated 148 transactions at an average price of $974,103. Sellers closed out five additional sales during the period and since October 2017 have sold a total of 1019 parcels – accounting for 42 percent of all non-commercial lot transactions in Sonoma County. New offerings from sellers accounted for 11 of those during this period with buyers dipping their toes in the water to capture five sites in new contracts. This submarket was showcasing 64 residential lots on the open market as we wrapped up February. The Tubbs fire has reshaped the landscape and the marketplace as we know it. Within Sonoma County, Santa Rosa’s Northeast quadrant has been the primary catalyst for the increased activity levels. In consideration of fewer sellers releasing their lands for sale due to a multitude of reasons, the metrics are now indicating a waning appetite from buyers as well. Dating back to that fateful October of 2017 - having endured the Tubbs, Nunn’s, Kincade, Wallbridge and Glass wildfires - buyers have purchased 2,451 parcels at an average value of $441,538. ![]() Our County saw 21 sites receive accepted offers during the period while another 17 lots formally traded hands at an average value of $617,017. A handful of angels also contributed.There is a saying that land is the basis of all wealth and there certainly is some truth to this.Īccording to BAREIS, having closed the books in February, Sonoma County had exactly 240 non-commercial parcels on the open market – 43 of which were newly listed during the month. The team has landed a $1.7 million oversubscribed pre-seed round led by The Venture Collective with strategic investments from Nucleus Capital, Ponderosa Ventures, TET Ventures, Day One Ventures and Possible Ventures. Rutten and his colleagues at Concert Bio are developing a system to monitor and eventually tweak the microbial ecosystem that lives within hydroponic systems. “It’s one big interconnected water loop, so it doesn’t go badly wrong - it goes catastrophically wrong. If the wrong bacteria or fungi get inside a hydroponic greenhouse, “it’s open season - it will just take over the whole thing,” Rutten said. ![]() “It’s a bit of a dirty secret that the industry doesn’t really like to talk about, but they have very bad disease outbreaks,” said Paul Rutten, founder and CEO of Concert Bio, a microbiome company focusing on the space. But that’s relatively easy to solve compared with the industry’s other challenges. Hydroponic agriculture has a lot of potential - yields for lettuce, for example, can be 10 times higher than traditional farming - but it’s not without its problems. One solution is to skip the soil and grow crops hydroponically in greenhouses. While agriculture has made impressive strides over the last several decades, tripling production seems like a stretch. The other option is to radically boost the amount of food that each acre of land can produce. If everyone wanted to eat like Americans, we’d need to farm about 140% of the world’s habitable land. Today, about half the world’s habitable land is devoted to agriculture, yet even that amount can’t provide everyone with the sort of diet enjoyed by people in developed countries. If the world wants to feed 10 billion people in 2050, it’ll need to find a better way to grow food.
0 Comments
Read More
Leave a Reply. |