| Trends at a Glance | |||
| (Single-family Homes) | |||
| Mar 08 | Feb 08 | Mar 07 | |
| Median Price: | $440,000 | $430,500 | $556,500 |
| Average Price: | $538,332 | $668,722 | $639,782 |
| Home Sales: | 254 | 177 | 354 |
| Sale/List Price Ratio: | 95.1% | 94.7% | 97.5% |
| Days on Market: | 134 | 140 | 123 |
Sales of single-family, re-sale homes rose 43.5% in Sonoma County from February. Year-over-year, home sales were off 28.2%.
The median price for single-family, re-sale homes in Sonoma County gained 2.2% from February, but was off 20.9% year-over-year. The average price for homes lost 19.5%, month-over-month, and was down 15.9% compared to last March.
Remember, these are statistical prices. When the market was going up, the large number of million dollar plus sales skewed prices upward. With the large number of bank-owned properties going through the system, prices are being skewed downward.
The median price for condos gained 1% from February, off 22.1% year-over-year. These numbers can, and do, swing wildly because there are so few sales. Condo sales rose 59.1%, month-over-month, but were down 39.7% compared to March 2007.
The time it takes from when a home was listed for sale to when it was put under contract fell six days to 134. The average days on market for condos gained 26 to 138 days.
The sales price to list price ratio for single-family home rose 0.4 of a point to 95.1%. The condo ratio lost 3.1 points to 93.5%.
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 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.)
| March Sales Statistics | ||||||||
| (Single-family Homes) | ||||||||
| Prices | Unit | Change from last year | ||||||
| Median | Average | Sales | DOM | SP/LP | Median | Average | Sales | |
| County | $440,000 | $538,332 | 254 | 134 | 95.1% | -20.9% | -15.9% | -28.2% |
| Bodega Bay | $755,000 | $816,429 | 7 | 127 | 94.2% | -31.4% | -29.1% | 0.0% |
| Cloverdale | $535,000 | $601,667 | 9 | 182 | 92.4% | 17.1% | 1.9% | -18.2% |
| Cotati | $625,000 | $660,000 | 3 | 213 | 98.0% | 2.6% | -3.9% | 0.0% |
| Forestville | $430,250 | $430,250 | 2 | 168 | 94.7% | -32.8% | -29.7% | -60.0% |
| Glen Ellen | $1,550,000 | $1,550,000 | 1 | 299 | 88.6% | 13.9% | 14.4% | -75.0% |
| Guerneville | $605,000 | $605,000 | 1 | 174 | 94.7% | 56.5% | 62.8% | -90.0% |
| Healdsburg | $950,000 | $837,500 | 4 | 287 | 94.5% | 58.3% | 18.7% | -75.0% |
| Penngrove | $0 | $0 | 0 | 0 | 0.0% | -100.0% | -100.0% | -100.0% |
| Petaluma | $537,500 | $574,346 | 24 | 99 | 94.9% | -11.2% | -18.5% | -51.0% |
| Rohnert Park | $430,000 | $402,757 | 7 | 58 | 98.9% | -15.7% | -25.0% | -63.2% |
| Santa Rosa | $385,000 | $447,168 | 136 | 135 | 95.7% | -27.4% | -23.2% | -4.9% |
| Sebastopol | $670,000 | $762,091 | 11 | 117 | 94.1% | -11.6% | -7.7% | -21.4% |
| Sonoma | $530,000 | $692,671 | 25 | 132 | 94.2% | -26.9% | -9.3% | 19.0% |
| Windsor | $422,500 | $445,744 | 16 | 115 | 96.3% | -23.2% | -22.5% | -51.5% |
| March Sales Statistics | ||||||||
| (Condos/Townhomes) | ||||||||
| Prices | Unit | Change from last year | ||||||
| Median | Average | Sales | DOM | SP/LP | Median | Average | Sales | |
| County | $257,000 | $292,441 | 35 | 138 | 93.5% | -22.1% | -17.7% | -39.7% |
| Rohnert Park | $240,000 | $241,529 | 7 | 69 | 95.4% | -26.1% | -25.7% | -56.3% |
| Santa Rosa | $235,000 | $242,015 | 17 | 171 | 92.7% | -28.1% | -27.5% | -29.2% |
| Sonoma | $500,000 | $509,700 | 5 | 140 | 92.7% | 12.4% | 11.8% | 25.0% |
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 September, 2007.