Sales of single-family, re-sale homes in Sonoma County were at their highest level since 2005.
Prices reversed course last year, after a nice gain in 2010. The median price was off 7.4%, while the average price lost 7.3%.
The California Association of REALTORS® expects the median home price to increase 1.7% in 2012. They forecast sales to increase by 1%.
“2012 will be another transition year for the California housing market, as the continued uncertainty about the U.S. financial system, job growth, and the stability of the overall economy remain in the forefront for all market participants,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. “An improvement in job growth, consumer spending, and corresponding gains in housing are essential to a broader recovery in the economy, but would-be buyers will remain cautious as they weigh these myriad uncertainties against the clear opportunities presented by today’s very affordable housing market.
“The most likely scenario is for the modest recovery to continue, and this should push sales up slightly next year by 1 percent and maintain levels that are significantly higher than those recorded during the depths of the housing downturn.
“The wild cards for 2012 are many, including federal, fiscal, monetary, and housing policies; the contentious political climate during an election year; and the strength of the U.S. economic recovery,” said Appleton-Young.
The real estate market is very hard to generalize. It is a market made up of many micro markets. For complete information on a particular neighborhood or for an evaluation of your home's worth, call me
For full details on the individual cities in the county, click on the city name in the menu to the left.
| Sonoma County | ||||||||
| (Single Family Homes) | ||||||||
| Prices | Other | Percent Change | ||||||
| Date | Average | Median | Sold | DOM | SP/LP | Average | Median | Sold |
| 1998 | $256,576 | $218,950 | 6,125 | 56 | 98.1% | |||
| 1999 | $294,547 | $244,000 | 6,298 | 54 | 98.1% | 14.8% | 11.4% | 2.8% |
| 2000 | $366,220 | $305,000 | 5,838 | 42 | 99.1% | 24.3% | 25.0% | -7.3% |
| 2001 | $422,824 | $348,000 | 4,657 | 68 | 97.6% | 15.5% | 14.1% | -20.2% |
| 2002 | $434,191 | $375,000 | 6,150 | 70 | 98.2% | 2.7% | 7.8% | 32.1% |
| 2003 | $486,498 | $420,000 | 6,063 | 67 | 98.4% | 12.0% | 12.0% | -1.4% |
| 2004 | $571,652 | $499,000 | 5,921 | 62 | 99.2% | 17.5% | 18.8% | -2.3% |
| 2005 | $674,388 | $591,000 | 5,923 | 57 | 99.2% | 18.0% | 18.4% | 0.0% |
| 2006 | $673,785 | $580,000 | 4,444 | 87 | 97.8% | -0.1% | -1.9% | -25.0% |
| 2007 | $656,258 | $550,000 | 3,364 | 105 | 96.9% | -2.6% | -5.2% | -24.3% |
| 2008 | $486,889 | $387,500 | 4,209 | 102 | 96.4% | -25.8% | -29.5% | 25.1% |
| 2009 | $414,585 | $340,000 | 4,585 | 102 | 97.1% | -14.9% | -12.3% | 8.9% |
| 2010 | $435,019 | $350,950 | 4,212 | 98 | 96.9% | 4.9% | 3.2% | -8.1% |
| 2011 | $403,133 | $325,000 | 4,615 | 106 | 96.7% | -7.3% | -7.4% | 9.6% |
| Sonoma County | ||||||||
| (Condos & Town Homes) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $138,176 | $124,500 | 610 | 20 | 98.6% | |||
| 1999 | $133,202 | $125,000 | 519 | 44 | 99.1% | -3.6% | 0.4% | -14.9% |
| 2000 | $169,701 | $163,375 | 518 | 25 | 100.7% | 27.4% | 30.7% | -0.2% |
| 2001 | $217,335 | $210,000 | 601 | 54 | 99.1% | 28.1% | 28.5% | 16.0% |
| 2002 | $243,248 | $234,950 | 986 | 57 | 99.5% | 11.9% | 11.9% | 64.1% |
| 2003 | $270,535 | $260,000 | 1,084 | 56 | 99.8% | 11.2% | 10.7% | 9.9% |
| 2004 | $320,571 | $315,000 | 1,086 | 49 | 100.6% | 18.5% | 21.2% | 0.2% |
| 2005 | $382,138 | $370,000 | 986 | 43 | 100.7% | 19.2% | 17.5% | -9.2% |
| 2006 | $374,968 | $363,000 | 675 | 77 | 98.8% | -1.9% | -1.9% | -31.5% |
| 2007 | $352,466 | $334,900 | 545 | 106 | 98.6% | -6.0% | -7.7% | -19.3% |
| 2008 | $227,007 | $200,000 | 588 | 100 | 95.8% | -35.6% | -40.3% | 7.9% |
| 2009 | $187,738 | $159,250 | 752 | 99 | 98.0% | -17.3% | -20.4% | 27.9% |
| 2010 | $187,493 | $161,500 | 711 | 97 | 98.8% | -0.1% | 1.4% | -5.5% |
| 2011 | $162,880 | $141,500 | 751 | 101 | 97.1% | -13.1% | -12.4% | 5.6% |
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Based on information from BAREIS for the period January, 1998 through January, 2009.