Sonoma Real Estate Market - View Sonoma Real Estate Market Trends in California

Winter 2012 Market Update Now is an exceptional time to buy a home in Sonoma. Call now to begin discussing Sonoma Real Estate options 707-974-1372
Average Home Price	$450,000 - View Graph Trend

Average Price Compared to Last Year	Up 0-5%

Average Time on Market	90-120 days

Best Selling Price Range	$450,000 - $499,000

Worst Selling Price Range	$1,000,000+

Prices As % of Asking Price	90-95%

Existing Home Prices for the past 90 days are?	No Change

Market Trend	No Change

Buyers’ or Sellers’ Market	Equal buyers and sellers

Buyer Activity for the past 90 days in Sonoma is	Increasing

Seller Activity for the past 90 days in Sonoma is?	Decreasing

Multiple Offers?	Yes

Multiple Offers Commentary	Multiple offers are occurring on well priced properties in great locations. The under $500K market is still seeing short sales and in general, Sonoma has few foreclosures compared to other markets. Great properties priced for today’s market go into escrow within a few days.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	30-35%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	There are a variety of options for buyers in all price categories. Interest rates remain low and buyers are continuing to secure loans at great rates!

Housing Inventory	Limited Supply

Inventory Comments	The change in seasons brought a lot of activity in the Sonoma Valley. A cool summer brought a late harvest in the vineyards and glorious fall colors. On the financial side, low interest rates and motivated sellers brought nice opportunities for buyers. The demand for unique and well priced properties continues and potential buyers who have been watching the market for some time have been making moves. The number of closed sales and properties under contract compared to this time last year is up by 25% and available inventory is down by 13%. Inventory in both lower and up to $1M ranges is somewhat limited and the percentage of inventory that is bank owned or short sales is decreasing. As we move into 2012, expect new properties to continue to come to the market and buyers who have been looking for several months to make their move. Sellers, be aware that buyers are still very price sensitive and are looking for value. If you are looking to sell, I know what is attractive for Wine Country buyers and how to help you best position for today’s market. If you are looking to purchase that dream home, interest rates remain low and there are definitely some good values coming to market. Glad to answer questions and be of assistance. Give me a call at 707-974-1372 and let’s get started.

Greatest Activity	Repeat Buyers

Reason to Buy/Sell	The Sonoma Valley continues to be a very desirable place for both permanent residents and those looking for second homes. With values off their peak of 2006, buyers perceive Wine Country real estate to be a great value. Buyers are looking to take advantage of the market while prices and interest rates are low.

Nearest Metro Area	San Francisco

Housing Hot Spots	Homes within walking distance to Sonoma’s Historic Plaza, country properties and properties with vineyard or valley views continue to be very desirable.

Average Sold Price	$450,000 - View Graph Trend

Sonoma Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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