Real Estate Report presented by Beth Robertson

October 2017 Report

Single Family Homes in Sonoma County, All Cities, All Neighborhoods Change >


Median Price
$620,000
-1.6%
Average Price
$701,163
-10.6%
No. Sold
361
-18.7%
Pending Properties
480
-5.3%
Active
716
+3.6%
Sale/List Price Ratio
99.6%
-0.6%
Days on Market
62
+14.8%
Days of Inventory
58
+23.2%

Market Barometer

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Market Commentary

Home Prices Up, Year-Over-Year

The median price for single-family, re-sale homes in Sonoma County, while continuing to back off from the new record high reached in July, was up in September, year-over-year, by 3.5%. That’s the sixty-third month in a row the median price has higher than the year before.

The average price for homes, on the other hand, dropped 6.6%.

The median price for condominiums fell 1.3%, while the average price jumped 23%.

Home sales, meanwhile, fell 9.5% from last September. At 361 homes sold, that’s below the average monthly sales of 422 since January 1998. Year-to-date, home sales are off 6%.

Condo sales were up 2.7% but are down 8.5% year-to-date.

Homes are selling quickly, taking only sixty-two days from coming onto the market to when they go under contract. The average since January 1998 is eighty days. Condos are selling in forty-eight days, whereas the average is seventy-three days.

The sales price to listing price ratio fell below 100% after being above for five months in a row: 99.8%. The ratio for condos is 101.2%.

Inventory continues to be abysmal. It is less than half the average since 2008. As of the 5th of August, there were seven-hundred and sixteen homes for sale. We average fifteen-hundred and twenty-eight!

This is reflected in our Days of Inventory statistic which is fifty-eight. The average is one-hundred and eleven.

If you would like to know what’s going on in your neighborhood, visit my on-line report and click on Recent Sales & Listings. That will tell you what is for sale, what has sold and what is pending in a radius around your home.

Prices & Sales

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Days of Inventory

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Sales to Date

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Sales Price Ratio

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