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,
» Read more about: The Sonoma County Real Estate Market Mid-Year 2018 Update »
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,
» Read more about: Very Strong Market Dynamics Continue into Early 2018 »
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.
» Read more about: Sonoma County Real Estate – New Year Report »
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.
» Read more about: Sonoma County Real Estate Market Report »
Spring and summer are two most active selling seasons in Sonoma, but a substantial amount of business will still occur before the market starts to enter its winter holiday hibernation in mid-November. So far, 2017 has seen significant home price appreciation virtually throughout the county. As illustrated in the first chart below, a big factor is its much greater affordability when compared to Marin and San Francisco. Of course, Sonoma is also simply a wonderful and beautiful place to live and still be within relatively easy driving distance of the city and its amenities.
» Read more about: Sonoma Real Estate: The Autumn Market Begins »
Out of town guests are arriving, the kids are hungry, the dog is restless, or you are just lying on the couch hoping for something to motivate you to get up and out of the house.
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Out & » Read more about: 1000+ Things to Do and Enjoy in Marin & the Wine Country »
Which counties are most expensive or most affordable, have the highest overbidding and appreciation rates? Which are healthiest, most educated, have the highest incomes or worst poverty percentages? What cities have the biggest, most expensive homes? And where do Bay Area residents come from?
August 2017 Report
Median House Price Appreciation since 1990
Appreciation trend lines are largely similar across the Bay Area, but some counties have outperformed others. Solano is still well below its previous peak price ten years ago, » Read more about: Bay Area Home Prices, Incomes & Demographics »
The chart below compares median house sales prices since 2012 for March through May sales, year-over-year, for Sonoma, Marin and San Francisco Counties: Sonoma prices are illustrated by the blue columns. Many Bay Area Counties hit new peaks in median sales prices this spring, while Sonoma, which started its recovery a bit later than counties closer to the high-tech boom, is just a tad below its previous peak in 2006. This is illustrated in the longer-term annual chart below.
» Read more about: Strong Spring Markets In Sonoma County & Around The Bay Area »
Before we look at longer-term market statistical and appreciation trends in the county, this chart above looks at the ebb and flow of new inventory and sales activity during the year. New listings start pouring onto the market in February to peak in mid-spring and early summer. The jump in new inventory fuels sales activity which peaks in late spring and early/mid-summer. That is, Sonoma is just getting into full swing, and we will know a lot more about the direction of the 2017 market in a couple more months.
» Read more about: Longer-Term Trends in Sonoma Real Estate, Market Seasonality & Home Price Appreciation by City »