Real Estate Report presented by Information Designs

January 2018 Report

Single Family Homes in Sonoma County, All Cities, All Neighborhoods Change >


Median Price
$685,000
+3.9%
Average Price
$849,930
0.0%
No. Sold
289
-24.9%
Pending Properties
301
-26.9%
Active
304
-23.2%
Sale/List Price Ratio
100.3%
-0.8%
Days on Market
66
-0.7%
Days of Inventory
32
+5.8%

Market Barometer

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Market Commentary

Home Prices End Year at Record High

After setting an all-time high set in October, the median price for single-family, re-sale homes ended the year with a new record high. It was up 16.7% over last December.

That’s the sixty-sixth month in a row the median price has higher than the year before.

The average price for homes rose 18.2%.

The median price for condominiums in Sonoma County backed off the record high set in November. Nevertheless, it was still up year-over-year by 5.7%. The average price rose 14.9%.

Home sales rose 2.1% from last December. At 289 homes sold, that’s below the average monthly sales of 422 since January 1998. Year-to-date, home sales are off 5.2%.

Condo sales were up 21.7% but they are down 7.6% year-to-date.

Homes are selling quickly, taking only sixty-six days from coming onto the market to when they go under contract. The average since January 1998 is eighty days. Condos are selling in forty-four days, whereas the average is seventy-three days.

The sales price to listing price ratio stayed over 100% for the third month in a row: 100.3%. The ratio for condos is 101.5%. The ratio for condos has been over 100% for the past eleven months.

Inventory continues to be abysmal. It is just over 20% of the average since 2008. As of the 5th of December, there were three-hundred and one homes for sale. We average fifteen-hundred and twenty-eight!

This is reflected in our Days of Inventory statistic which is thirty-twp. The average is one-hundred and eleven.

If you would like to know what’s going on in your neighborhood, click on Recent Sales & Listings. That will tell you what is for sale, what has sold and what is pending in a radius around your home.

Prices & Sales

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Days of Inventory

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Sales to Date

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Sales Price Ratio

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