| Trends at a Glance | |||
| (Single-family Homes) | |||
| Jul 10 | Jun 10 | Jul 09 | |
| Median Price: | $355,000 | $353,000 | $363,495 |
| Average Price: | $434,591 | $429,412 | $432,321 |
| Home Sales: | 349 | 436 | 434 |
| Sale/List Price Ratio: | 97.0% | 97.6% | 97.7% |
| Days on Market: | 94 | 96 | 110 |
Sales of both single-family, re-sale homes and condos fell in July with the expiration of the Federal tax credit.
Home sales were off 20% compared to last July, while condo sales were down 23.5%. This is the first month home sales have been lower than the year before since January.
The high-end market has been helped by increasing access to jumbo and super-jumbo loans. Historically, and until July 2007, the spread or difference between conforming mortgage rates and jumbo rates moved within a narrow range of about 0.20%. At the trough of the market, the spread was 1.9%. Now, the spread is down to 0.5%, and the secondary market for jumbo loans is awakening.
The median price for homes was up 0.6% from June, but it dropped 2.3% year-over-year. The average price rose 1.2% from June, and it was up 0.5% compared to last July.
The sales price to list price ratio for homes dropped 0.6 of a point to 97%.
The median and average prices for condos were up 10.3% and 8.2% respectively year-over-year.
The sales price to list price ratio for condos fell 0.4 of a point to 98.5%.
C.A.R. NEWS
Leslie Appleton-Young, chief economist for the California Association of REALTORS® (C.A.R.), said, at a recent Silicon Valley Association of REALTORS® (SILVAR) meeting in Palo Alto last month, in five to ten years California will experience a housing shortage.
She said household growth for the state is expected to be 200,000 a year. The CBIA reports only 13,000 permits pulled in the first six months of the year.
The time it takes from when a home was listed for sale to when it was put under contract dropped two days to 94 days. The average days on market for condos fell seventeen days to average 93 days.
The real estate market is very hard to generalize. It is a market made up of many micro markets. For complete information on a particular neighborhood or property, or for an evaluation of your home's worth, call me.
If I can help you devise a strategy, call or click the buying or selling link in the menu to the left.
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. Many of those cities are included in our Annual Trends section. (See menu to the left.)
| July Sales Statistics | ||||||||
| (Single-family Homes) | ||||||||
| Prices | Unit | Change from last year | ||||||
| Median | Average | Sales | DOM | SP/LP | Median | Average | Sales | |
| County | $355,000 | $434,591 | 349 | 94 | 97.0% | -2.3% | 0.5% | -19.6% |
| Bodega Bay | $400,000 | $440,200 | 5 | 65 | 97.0% | -33.2% | -25.3% | -28.6% |
| Cloverdale | $287,500 | $294,020 | 10 | 199 | 99.7% | 22.3% | 2.6% | 11.1% |
| Cotati | $399,025 | $399,025 | 2 | 100 | 98.8% | -1.5% | -0.9% | -77.8% |
| Forestville | $360,000 | $362,500 | 4 | 76 | 94.8% | 33.3% | 20.4% | -42.9% |
| Glen Ellen | $875,000 | $875,000 | 1 | 442 | 87.8% | 131.2% | 131.2% | -50.0% |
| Guerneville | $187,500 | $205,333 | 6 | 103 | 100.9% | -36.7% | -33.4% | -25.0% |
| Healdsburg | $558,000 | $687,111 | 9 | 106 | 96.8% | -11.1% | 14.7% | -30.8% |
| Penngrove | $400,000 | $400,000 | 1 | 58 | 100.3% | -28.6% | -31.5% | -75.0% |
| Petaluma | $449,000 | $456,249 | 35 | 96 | 95.9% | 11.4% | 1.1% | -25.5% |
| Rohnert Park | $302,000 | $315,175 | 20 | 88 | 100.8% | -17.0% | -11.2% | -35.5% |
| Santa Rosa | $335,000 | $398,868 | 170 | 91 | 97.0% | 3.1% | 2.3% | -17.1% |
| Sebastopol | $620,000 | $634,107 | 14 | 98 | 98.3% | 18.1% | 11.9% | -36.4% |
| Sonoma | $459,950 | $624,377 | 26 | 104 | 97.1% | -11.5% | -7.8% | -16.1% |
| Windsor | $399,000 | $414,442 | 33 | 59 | 98.7% | 5.0% | 1.9% | 37.5% |
| July Sales Statistics | ||||||||
| (Condos/Townhomes) | ||||||||
| Prices | Unit | Change from last year | ||||||
| Median | Average | Sales | DOM | SP/LP | Median | Average | Sales | |
| County | $172,000 | $201,246 | 65 | 93 | 98.5% | 10.3% | 8.2% | -3.0% |
| Rohnert Park | $162,450 | $163,774 | 14 | 95 | 99.5% | 8.2% | 12.5% | -12.5% |
| Santa Rosa | $146,500 | $156,134 | 22 | 72 | 98.0% | -2.3% | -2.5% | -29.0% |
| Sonoma | $200,000 | $226,667 | 3 | 68 | 95.1% | -69.3% | -65.2% | 50.0% |
To see pricing and trend graphs for individual cities in Sonoma County, click on the cities listed in the menu at the left.
For more detailed information on particular Sonoma County neighborhoods, contact me.
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Based on information from BAREIS for the period January, 1998 through January, 2009.