Kirsten's Sonoma Real Estate Blog

We may be hearing folks in Washington, DC say that the recession "is over" but our Sonoma County real estate market is still sluggish.  Read on for the latest scoop!  

Sonoma County Home Prices and Sales Down in August

The median price for single-family, re-sale homes dropped 1.1% from July. The good news is the year-over-year price decline was down to 4.9%. This is the smallest annual price decline since September 2007. The average price fell 1.3%, and it was down 7.9% compared to last August.

Sales of single-family, re-sale homes in Sonoma County were also down last month, dropping 14.7% from July, year-over-year, were down 7.5%. Year-to-date, home sales are up 21.8% compared to last year.

The time it takes from when a home was listed for sale to when it was put under contract fell three days to 107 days. The average days on market for condos gained 17 days to 112 days.

The sales price to list price ratio for single-family home was flat at 97.7%. The condo ratio rose 1.7 points to 98.8%.

The tables below break-out the real estate statistics for Sonoma County and each city we track. Some cities are not included in the monthly statistics because sales volume is too low to ensure meaningful trends.

August Sales In Selected Sonoma County CITIES/TOWNS
(Single-family Homes)
	Prices	Unit			Change from last year
	Median	Average	Sales	DOM	SP/LP	Median	Average	Sales
County	$359,500	$426,760	370	107	97.7%	-4.9%	-7.9%	-7.5%
Bodega Bay	$720,000	$787,500	4	145	96.1%	3.2%	-8.9%	-33.3%
Cloverdale	$345,000	$347,900	15	190	98.8%	-12.4%	-7.9%	150.0%
Cotati	$387,000	$387,000	2	67	98.0%	-38.6%	-28.4%	-60.0%
Forestville	$285,000	$260,253	7	129	98.8%	31.0%	19.7%	250.0%
Glen Ellen	$1,122,500	$1,390,833	3	244	88.1%	24.9%	89.7%	0.0%
Guerneville	$252,000	$247,022	9	121	94.1%	-17.5%	-25.1%	0.0%
Healdsburg	$427,000	$573,188	16	121	93.6%	-14.4%	-0.7%	77.8%
Penngrove	$760,000	$760,000	1	257	92.9%	-8.2%	-12.6%	-75.0%
Petaluma	$411,500	$450,402	52	118	99.0%	0.4%	-9.6%	15.6%
Rohnert Park	$295,250	$321,489	18	82	103.3%	-15.6%	-10.0%	-50.0%
Santa Rosa	$309,524	$359,208	168	91	99.7%	-9.0%	-11.2%	-4.0%
Sebastopol	$551,000	$575,647	17	108	96.8%	-14.9%	-28.7%	21.4%
Sonoma	$420,000	$506,836	22	119	93.9%	-19.2%	-9.4%	-29.0%
Windsor	$402,889	$401,682	18	83	101.1%	-1.7%	-10.3%	-59.1%

This information is copyrighted by rereport.com and is based on information from BAREIS/MLS for the period January, 1998 through January, 2009.

QUESTIONS?  Please contact me:  kirsten.lindquist@sothebyshomes.com