Stock markets hit new highs, interest rates hit multi-year lows, and by virtually measurement, the Sonoma County market rebounded in Q2 from the slowdown in the previous 3 quarters. However, these same indicators of market heat were distinctly cooler compared to conditions prevailing in late 2017 and the first half of 2018 – when the market was very hot – and the Sonoma median home sales price is currently about 5% below the peak reached in Q2 2018.
Let’s check out the Sonoma County Market activity – here’s the June 2019 Update for your review.
Spring Sales Activity Jumps; Median Sales Prices Slightly Down Year-over-Year.
Long-Term Median Home Price Trends
Short-Term Median Home Price Trends
The peak median house sales price in Sonoma County was hit in June of last year.
Year-over-Year Comparisons, March-May
As we have gotten deeper into spring,
As we step into Spring check out our update on the Sonoma real estate market. And if you have a question or need in Sonoma or another location, we look forward to hearing from you.
Around the Bay Area, spring 2018 was one of the hottest markets in the last 2 decades. The market began to cool considerably in summer and autumn – demand, sales and appreciation rates dropping,
How did Sonoma’s median house prices look in 2018 …… On a quarterly basis, the median house price peaked in the second quarter and then began to drop. What’s in store for 2019 – let’s take a look at the detail.
If you or anyone you know desires more information on the Bay Area Real Estate Market Activity – feel free to contact us anytime and we are happy to assist.
The CoreLogic S&P Case-Shiller high-price-tier Home Price Index for the 5- county San Francisco Metro Area, illustrated above by the blue line, applies best to more expensive Bay Area housing markets such as most of San Francisco, Marin, San Mateo and Diablo Valley/Lamorinda. The SF Metro low- and mid-price tiers had much more dramatic bubbles …
Here’s a Mid-Year Update for Sonoma County. Comparing the first half of 2018 to 2017, the Sonoma County median house sales price increased by about 9%. Let’s look into the detail and we’ll keep you posted as we move into the second half of the year. Need any assist, we are here for you and your friends real estate needs. Enjoy the detail.
Appreciation is typically viewed through the lens of percentage changes,
Sonoma County Market Activity Update – 2018 – Let’s review the market dynamics for Sonoma County as we kick into the new year.
It is not unusual for monthly median sales prices to drop during what is often described as the mid-winter market doldrums, but, as seen in the first chart above, not this year in Sonoma: Median prices have been consistently climbing since autumn began, with the fire clearly increasing demand since it occurred,
Greetings. Our February newsletter covers the bay counties including San Francisco, Marin, Alameda, Contra Costa, San Mateo, Santa Clara, Sonoma, Napa & Solano. It provides information on median home prices, appreciation rates, luxury home markets, demographics and other market factors, conditions & trends. Given limited inventory in January, this newsletter provides a look through the rear-view mirror into 2017 activity. We’ll have a better idea regarding where the market is heading in 2018 once the spring selling season data starts coming in. » Read more about: A Survey of San Francisco Bay Area Real Estate Markets »
There was continued median home price appreciation throughout the Bay Area in 2017, with Sonoma County seeing a noteworthy jump in the fourth quarter due to heightened demand after the tragic fires. From the 3rd to 4th quarters, the house median sales price increased 5%, and condos saw a particularly large percentage increase of 11%. (See third chart below.) However, too much should not be made of short-term data until substantiated over a longer term.
We are a little reluctant to talk about real estate market dynamics amid the suffering of so many of our friends and neighbors, but since there are people who still need or want to buy or sell, we have put together the following report.
Obviously, the loss of housing from the recent fires is adding further pressure to both the resale and rental markets in both the wine country and adjacent counties, which were already characterized by low supply.