While our market in Sonoma County has slowed down for the holiday season, October sales statistics showed some positive news on prices. The following information is courtesy of The Sonoma County Real Estate Market Trends Report:
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Trends at a Glance |
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(Single-family Homes) |
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|
|
Oct 09 |
Sep 09 |
Oct 08 |
|
Median Price: |
$360,000 |
$350,000 |
$360,000 |
|
Average Price: |
$427,865 |
$412,018 |
$438,090 |
|
Home Sales: |
415 |
398 |
506 |
|
Sale/List Price Ratio: |
97.3% |
97.5% |
96.5% |
|
Days on Market: |
101 |
103 |
104 |
After thirty-nine straight months where the median price was lower than the year before, it actually broke even in October at $360,000. The median price for single-family, re-sale homes gained 2.6% from September. The average price rose 3.8%, but it was down 2.3% compared to last October.
Sales of single-family, re-sale homes in Sonoma County rose 4.3% from September. Year-over-year, home sales were off 18%. Year-to-date, home sales are up 12.4% compared to last year.
Condo sales plunged, for some strange reason, down 42.9%, year-over-year, in October. Year-to-date, condo sales are up 27.5%. The median price for condos gained 6.1% from September, but was off 7.4% year-over-year. The average price gained 9.7% month-over-month, and was up 2.9% compared to last October.
The time it takes from when a home was listed for sale to when it was put under contract fell two days to 101 days. The average days on market for condos was flat at 90 days.
The sales price to list price ratio for single-family home fell 0.2 of a point to 97.3%. The condo ratio rose 0.8 of a point to 100%. This is probably the reason condo sales were so slow, because owners were holding the line.
The tables below break-out the real estate statistics for Sonoma County and towns/cities.
|
October Sales Statistics |
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|
(Single-family Homes) |
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|
|
Prices |
Unit |
|
|
Change from last year |
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|
|
Median |
Average |
Sales |
DOM |
SP/LP |
Median |
Average |
Sales |
|
County |
$360,000 |
$427,865 |
415 |
101 |
97.3% |
0.0% |
-2.3% |
-18.0% |
|
Bodega Bay |
$541,500 |
$598,250 |
4 |
226 |
92.3% |
-9.8% |
1.8% |
0.0% |
|
Cloverdale |
$350,000 |
$311,923 |
13 |
70 |
102.0% |
22.8% |
-8.5% |
-27.8% |
|
Cotati |
$430,100 |
$464,180 |
6 |
116 |
99.0% |
-4.2% |
-12.2% |
20.0% |
|
Forestville |
$325,500 |
$329,700 |
10 |
100 |
95.8% |
-1.1% |
-6.7% |
233.3% |
|
Glen Ellen |
$251,000 |
$251,000 |
1 |
27 |
110.7% |
47.7% |
47.7% |
0.0% |
|
Guerneville |
$309,500 |
$316,788 |
8 |
118 |
98.2% |
1.5% |
-4.6% |
166.7% |
|
Healdsburg |
$459,500 |
$1,043,829 |
13 |
170 |
85.4% |
5.0% |
19.6% |
-27.8% |
|
Penngrove |
$1,349,000 |
$1,349,000 |
1 |
55 |
100.0% |
63.0% |
55.1% |
-75.0% |
|
Petaluma |
$430,000 |
$442,630 |
61 |
118 |
98.2% |
-0.6% |
-8.5% |
-12.9% |
|
Rohnert Park |
$321,000 |
$332,567 |
15 |
95 |
103.0% |
-5.8% |
-5.7% |
-55.9% |
|
Santa Rosa |
$327,000 |
$376,698 |
183 |
89 |
99.1% |
3.8% |
2.5% |
-32.7% |
|
Sebastopol |
$592,000 |
$632,562 |
20 |
101 |
98.7% |
-8.9% |
-9.5% |
100.0% |
|
Sonoma |
$399,000 |
$468,670 |
30 |
134 |
96.3% |
-13.7% |
-22.5% |
25.0% |
|
Windsor |
$357,500 |
$362,999 |
38 |
80 |
100.4% |
-6.2% |
-9.5% |
40.7% |
|
October Sales Statistics |
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|
(Condos/Townhomes) |
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|
|
Prices |
Unit |
|
|
Change from last year |
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|
|
Median |
Average |
Sales |
DOM |
SP/LP |
Median |
Average |
Sales |
|
County |
$174,000 |
$209,391 |
48 |
90 |
100.0% |
-7.4% |
2.9% |
-42.9% |
|
Rohnert Park |
$156,500 |
$151,300 |
10 |
106 |
104.8% |
-19.3% |
-18.5% |
-52.4% |
|
Santa Rosa |
$170,000 |
$184,773 |
23 |
97 |
100.6% |
9.7% |
14.2% |
-42.5% |
|
Sonoma |
$340,000 |
$431,333 |
3 |
66 |
97.2% |
24.8% |
61.9% |
-25.0% |
For more detailed information on particular Sonoma County neighborhoods, contact me.
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109 East Napa Street | Sonoma, CA 95476
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