Rohnert Park & Cotati, Sonoma County CA April 2009 Market Snapshot

Rohnert Park & Cotati, Sonoma County CA April 2009 Market Snapshot

My current monthly market statistics & conditions report for the Rohnert Park & Cotati Market Area of Northern California Real Estate follows. This report includes sales stats for April 2009 as well as what is currently (as of May 24) listed in the Rohnert Park & Cotati residential real estate market. Residential meaning, Single Family Homes, Condo's as well as Farms/Ranches. This month I am changing this up a bit by dividing out the detached single family homes from the condo market.

As of Today May 24, 2009 the Rohnert Park/Cotati CA Market Area has:

191 Listings:

115 Are Single Family Home with List Price Range of $159,900 - $1,499,000

Average List Price $382,929 * Median List Price $349,900

21 are Bank Owned aka REO/Foreclosed properties & 62 are Short Sales

76 Are Condo Listings with a List Price Range of $94,500 - $334,900

Average List Price of $164,594 * Median List Price of $158,500

24 are Bank Owned aka REO/Foreclosed properties & 42 are Short Sales

110 of the Listings Are In Escrow in "Contingent" status:

66 being Single Family Homes List Price Range $199,000 - $639,950

Average List Price $329,811 * Median List Price $322,000

Of these 66, 8 are Bank Owned & are Short Sales 48

44 are Condo's with a List Price Range of $94,500 - $334,900

Average List Price of $158,173 * Median List Price of $158,500

Of these 44, 9 are Bank Owned & 32 are Short Sales

28 of the Listings In Escrow are in the "Pending" status i.e. All Contingencies have been removed

19 are Single Family Homes List Price Range $199,900 - $465,000

Average List Price $ 330,337 * Median List Price $ 309,900

Of these 19, 9 are Bank Owned & 6 are Short Sales

9 are Condo's with a List Price Range of $104,900 - $284,500

Average List Price of $163,000 * Median List Price of $149,000

Of these 9, 3 are Bank Owned & 2 are Short Sales

48 Listings Sold i.e. Closed Escrow During the month of April 2009:

31 being Single Family Homes Selling for 98.46% of List Price

List Price Range $129,900 - $599,000 * Selling Price Range $135,000 - $562,500

Average List Price $320,332 * Average Selling Price $315,401

Median List Price $320,000 * Median Selling Price $305,000

Of these 31, 15 were Bank Owned & 8 were Short Sales

17 Were Condo's That Sold for 96.02% of List Price

List Price $85,500 - $225,000 & Selling Price of $85,500 - $206,000

Average List Price $160,200 * Average Selling Price $153,831

Median List Price $160,000 * Median Selling Price $150,000

Of the 17, 8 were Bank Owned & 8 were Short Sales

For quite some time now the Rohnert Park/Cotati market has been heavily weighted with bank owned/REO's (foreclosed homes) and short sale listings. This market isfollowing suit with a majority of the rest of the county having be a larger number of short sales in escrow but the numbers generally turn around when we count the closed escrows. Since the Bank Owned inventory has been bought up and not as many coming on the market we are seeing a higher percentage of available short sale listings. We believe that the trend of a heavy short sale market will continue but that we should start to see a bit more inventory of Bank Owned listings coming on the market in the not too distant future.

What Does All This Mean?

Currently we have 191 listings, we have been consistently selling approx 48 listings a month, at this rate Rohnert Park/Cotati has about 4 months of inventory. As we break these numbers out further, we have about a 1.6 month inventory of Bank Owned homes and a 13 month inventory of Short Sales.

Upon Request I am happy to adjust these stats to a more specific neighborhood within the Rohnert Park/Cotati area or to your own criteria such as certain number of bedrooms and bath or single level to name a few.

Lynn Bowen

Domaine Real Estate

Sebastopol Ca

707-695-3814 Lynn@DomaineRE.com

www.LynnBowenRealEstate.com