Sales of single-family, re-sale homes in Sonoma County were up 23.5% year-over-year in August. This is the largest year-over-year increase in home sales since December 2002. Year-todate, home sales are up 0.8%.
The median price for single-family, re-sale homes in Sonoma County dropped 4.8% from July, and was off 30.3% year-over-year. The average price for homes dropped 4.9%, month-over-month, and was down 32.9% compared to last August.
Remember, these are statistical prices and they are being skewed downward dramatically by the large number of bank-owned properties being sold. When the market was rising, statistical prices were skewed upward by the feeding frenzy that went on.
Data provided by RE Report
For more information on Real Estate in the Sonoma County area please visit my webpage at:
http://www.winecountry-realestate.com/
For information on the Sonoma County area please visit
www.sonoma-county.org www.sonomacounty.com
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Real Estate and Visitors Guide to Napa Valley and Sonoma California including Sonoma, Petaluma, Healdsburg, Santa Rosa, Kenwood, Glen Ellen, Napa, CA. Vineyards, land, and homes for sale.
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