Sonoma, CA Real Estate Market Conditions Update ~ August 2008

As of September 5, 2008 16% of available listings in the beautiful Wine Country town of Sonoma are in escrow.

For the month of August 2008 an encouraging 35 homes sold in Sonoma for an average final selling price of $562,140.

The average original asking price of these homes was $616,090.

The range of final selling prices was from a low of $160,000 to a high of $1,330,000.

9 of these 35 homes were distress sales that ranged in final selling price from $160,000 to $455,000

Of the 35 homes that sold 4 sold at their original asking price and 4 sold over their original asking price.

It took these homes an average of 111 days to sell.

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