As you will see in the chart below the average sales price in the beautiful wine country town of Sonoma varies widely month-by-month. The volume is increasing with the REOs being snapped up, often with multiple offers. Even with multiple offers, however, the average price on these bank-owned homes is far less than what we're used, driving down the average sales price for these past few months. However, annualized, Sonoma is still looking pretty good.
If you are interested, here are some REOs, or you can see everything available by searching our MLS.
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