Comparing Q1 2016 with Q1 2015, the Sonoma median house sales price jumped 13% and its median condo price increased 15%. Those are larger jumps than seen in either San Francisco or Marin, which probably has to do with the much greater affordability of Sonoma homes. The inventory of listings available to purchase in the county dropped a little year over year, but, conversely, the number of sales actually increased a little, which is a clear indication of increasing demand. » Read more about: Sonoma County Real Estate Report : Strong 2016 Start to Sonoma Homes Market »
Median sales price is that price at which half the sales occurred for more and half for less. It is a very general statistic, which typically disguises a huge range of prices in the underlying individual sales. It can be affected by other factors besides changes to fair market value, such as inventory available to purchase, interest rates, and significant changes in the luxury, new-construction or distressed-home market segments. Homes in different communities often cannot be compared on an apples-to-apples basis, » Read more about: Sonoma County Home Values by City »
Long-term Trends in Median Home Sales Prices
Sonoma continued to see considerable home sales price appreciation in the first half of 2016. As a point of comparison, in San Francisco, where the market has begun to distinctly cool, median sales prices have started to plateau on a year-over-year basis.
Sonoma Median Home Price Appreciation by City
2011 to 2015 to 2016 YTD
These next 2 charts below look at median sales price appreciation 2011 to 2015, » Read more about: Sonoma County Real Estate Report – 2016 1st Half Review »
Sonoma County Median Home Price Appreciation
by Quarter and by Year
Since 2011, the Sonoma County median house price has appreciated by 85% and its median condo price by 129%. One major factor in such large jumps is that the distressed property crisis plunged Sonoma home prices to unreasonable lows during the recession. For the last few years, the market has been like a balloon which has been untied from an anchor, » Read more about: Sonoma County’s Autumn Market Begins »
While much of the Bay Area has begun to see cooler real estate markets, the Sonoma market continues to maintain substantial heat, with strong buyer demand and low inventory still the general prevailing situation. Besides the other benefits of living in Sonoma, the relative affordability of homes here when compared to other Bay Area counties is a major factor in this dynamic. In fact, it is a consistent trend across the region that the more affordable home-price segments have continued to be the strongest. » Read more about: The Sonoma County Real Estate Market – November 2016 Report »
The Sonoma County Real Estate Market at the Start of the New Year
January 2017 Report including 12 custom charts
Gold, Google, Soybeans & Sonoma Home Price Appreciation
This first chart is a somewhat lighthearted, but we believe accurate look at how various 2011 investments would have
played out through 2016. When calculating appreciation, purchase and sale dates are critical factors, and changing those can alter the results significantly: Using 2011, » Read more about: The Sonoma County Real Estate Market at the Start of the New Year »
A look at recent market values, trends and dynamics in Diablo Valley “Lamorinda” in Central Contra Costa County, and along the Hwy 580 Corridor of southern Alameda County.
Median Home Price Map, 1/1/16 – 9/30/16 MLS Sales
Move cursor over map to reveal median home prices.
Median price is that price at which half the sales
occurred for more and half for less.
Median Home Price Trends
Median Home Price Change by City 2011 to 2015 to 2016 YTD
These charts below look at median sales price appreciation 2011 to 2015, a period of very fast home-price increases, and then more recent changes, 2015 through the first half of 2016.
One of the trends that has been showing up recently in Bay Area real estate markets is that homes in the more affordable price ranges have continued to see median sales price increases (sometimes substantial increases), » Read more about: 2016 1st Half Review – July 2016 Update »
Luxury Home Market Trends Comparing Q3 Sales Data, 2013 to 2016
As illustrated above, the market for homes selling for $2 million and above has cooled somewhat over the past year, with the number of active listings climbing, the number of sales dropping, and a growing quantity of listings expiring without selling. This is a general trend in markets around the Bay Area: No dramatic crash, but a softening of demand amid an increase in luxury home listings. » Read more about: The Luxury Home Market, Sales & Prices by City, and 6 Market-Heat Metrics »