Sonoma County Real Estate Market Report. 2008
Tuesday, June 10th, 2008June, 2008
The Sonoma Valley market for homes is improving. Despite a 22% decline in the median sales price, (median sales price is the mid point where half of the homes are selling for more and half less), one key indicator, the amount of inventory measured in months supply of inventory (MOS) has declined to 5 months compared to over 10 months one year ago. Well priced homes representing opportunity are moving.
What about the Sonoma Valley Median Price? The decline in the median price is a result of the increase in Short Sale and REO sales which are included in the median price. In June the Median Sales Price was $113,000 less than the previous month. There were 51 homes sold and the average Days on Market (DOM) were 29 days in June, 2008.
June 2008 Median Home Sales Price in Sonoma Valley
Click on any of the following community guides to easily search for real estate by feature, amenity and price:
Glen Ellen, CA Real Estate and Visitor’s Guide
Healdsburg, CA Real Estate and Visitor’s Guide
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Sonoma, CA Real Estate and Visitor’s Guide
The Stornetta Team —Here to help you with all your Sonoma County, CA Real Estate needs.
If you’re ready to purchase or sell your Sonoma County real estate or need help relocating, we would love to help you! You’re always welcome to contact the Stornetta Team @ (707) 934-2301. We promise to provide you with our world-class service! But if you want to read more about how we can help you, or just want to browse what we have to offer online, then you’ll find exactly what you’re looking for in our Sonoma County real estate and visitor’s guide. We hope you enjoy your visit!
www.WineCountry-Real Estate.com is owned by Mark Stornetta, who is a licensed REALTOR® of Pacific Union, GMAC Real Estate, 640 Broadway, Sonoma, CA 95476. (707) 934-2301. Pacific Union, GMAC Real Estate is licensed in the state of California, is an Equal Opportunity Employer and supports the Fair Housing Act.
Real estate market reports are most often painted with a large brush without time given to micro-geographies where the feel of a community varies greatly which then reflects on pricing. The “big brush” for Sonoma County real estate in May showed a 30% decline in the average median sales price to $489,000 compared to the same period two years ago with unit sales being 11% less for a total of 366 sales
