Kirsten's Sonoma Real Estate Blog

Here's a look at the last available sales data for Sonoma County real estate sales, courtesy of the Sonoma County Real Estate Trends Report for December 2009: 

Although the median price for single family re-sale homes fell 1.4% from October, it was up 9.3% year-over-year. That's the second month in a row the median price has been even with or higher than the year ago price.

The average price for homes gained 6.6% from October and was up 17.2% over last year.

After a strong October, driven in part by the first-time home buyers tax credit, which was set to expire October 31, sales fell in November: down 14.7% from October but off only 0.3% year-over-year. With the extension and expansion of the home-buyers tax credit, we expect sales to pick up and for the first quarter to be very strong. Year-to-date, home sales are up 11.2%.

Condo sales rebounded strongly last month by gaining 50% over October, and they were up 10.8% year-over-year. Year-todate, condo sales are up 25.5%. The median price for condos fell 86% from October, but was up 6% year-over-year. The average price fell 3% monthover-month, but was up 24.5% compared to last November.

Happy New Year Everyone!