Sonoma Annual Real Estate Trends

Sonoma
(Single Family Homes)
  Prices Other Percent Change
Average Median Sold DOM SP/LP Average Median Sold
1998 $323,199 $250,000 486 68 97.6%      
1999 $363,568 $283,500 558 69 97.9% 12.5% 13.4% 14.8%
2000 $466,036 $345,000 471 48 98.7% 28.2% 21.7% -15.6%
2001 $567,809 $410,000 395 78 95.9% 21.8% 18.8% -16.1%
2002 $521,079 $440,000 486 87 97.0% -8.2% 7.3% 23.0%
2003 $624,404 $510,000 466 87 95.8% 19.8% 15.9% -4.1%
2004 $705,801 $583,000 467 71 98.6% 13.0% 14.3% 0.2%
2005 $884,407 $679,000 471 63 98.0% 25.3% 16.5% 0.9%
2006 $866,321 $659,500 330 89 96.6% -2.0% -2.9% -29.9%
2007 $889,029 $720,000 257 110 96.2% 2.6% 9.2% -22.1%

Sonoma
(Condos & Town Homes)
  Prices Other Percent Change
Average Median Sold DOM SP/LP Average Median Sold
1998 $168,282 $155,500 80 93 98.1%      
1999 $184,207 $180,000 45 63 98.9% 9.5% 15.8% -43.8%
2000 $209,251 $210,000 41 33 100.3% 13.6% 16.7% -8.9%
2001 $276,011 $275,000 47 51 97.9% 31.9% 31.0% 14.6%
2002 $313,500 $299,500 90 75 98.8% 13.6% 8.9% 91.5%
2003 $350,255 $325,000 81 68 99.3% 11.7% 8.5% -10.0%
2004 $401,818 $384,500 74 49 99.3% 14.7% 18.3% -8.6%
2005 $476,959 $472,500 86 51 99.9% 18.7% 22.9% 16.2%
2006 $472,174 $449,000 46 83 97.3% -1.0% -5.0% -46.5%
2007 $482,715 $490,000 41 101 97.4% 2.2% 9.1% -10.9%

DEFINITIONS

Median Price
Median Price is that at which 50% of properties sold were above that price and 50% were below.
Average Price
Average Price is the sum of all prices divided by the number of sales.
DOM
Average Days on Market is the average time it took to sell all properties.
SP/LP
The average selling price divided by the average list price.

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Based on information from BAREIS for the period January, 1998 through September, 2007.