Sonoma, CA

The chart below shows that the average sales price for the beautiful Northern California Wine Country town of Sonoma varies widely from month to month depending on, of course, if higher priced or more moderately priced homes have sold in any given month. The volume for January 2008 was the same as for December and January of 2007. Overall, down, with great deals to be had for the smart buyers who are making the best of this slow market.

If you have any questions, or would like to make the best of this slow market like other smart buyers, please contact me at your earliest opportunity.

As of February 2, 2008 only 11% of available listings in the beautiful wine country town of Sonoma are in escrow. And it is definitely a Buyer's Market.

For the month of January 2008 13 homes sold in Sonoma for an average final selling price of $966,812.

The average original asking price of these homes was $985,638.

It took these homes an average of 127 days to sell.

Of the 13 homes that sold, 2 sold OVER the original asking price and all others sold for less.

To learn more about this area, visit my website, or feel free to contact me directly.

When I first heard about Active Rain and blogging I thought I would blog right away and on a regular basis. I hit the blocks running and ...then...phew....that was it. So, here is my attempt to get through the blog clog and flow once again. I am sitting in our office on the Plaza in Sonoma, CA watching the cars and people go by. Even though it is somewhat chilly the door is ajar to invite all the home buyers into the office. Any second now they will all come pouring in and I'll have to abruptly end this blog. There are actually some great deals to be had on Sonoma homes, but the buyers have gone underground. I don't blame them for being cautious, but they have so much power right now.

I was on the other side of the equation when I was a buyer in 1998 here in Sonoma. My husband and I started looking for a home in April of 1998. Each time we found something relatively in our price range and acceptable we had to put an offer on it the same day. We lost 3 homes to overbidders and finally ended up getting our house in December of 1998. We were lucky because it had just had a price reduction and fallen out of escrow that day. Wouldn't it be nice to have been a Realtor back then. ...Pause for daydreaming...

So anyway. buyers who would like to live in Sonoma, come have a look now. Once things start rolling again you won't have the power that you do now.

The chart below shows that average sales prices in Sonoma have been flat since 2005. This is actually pretty impressive given all the bank-owned and short sale properties that have come on the market recently. The high end remains strong, with lower and middle range homes moving slowly. Although we are seeing some buyers recognizing what a "Buyer's Market" is and they are coming out of the woodwork to take advantage of the deals.

If you are interested in learning more about this beautiful wine country town and how you can benefit from these slow times, do not hesitate to contact me directly. There are people that need rescuing and you just might be their knight in shining armour!

The chart below shows the month by month activity, from 2001 to present, the average sales price and the humber of homes sold in the beautiful town of Sonoma. As you will see on this chart and again on the historical chart, prices are flat in the town of Sonoma. Volume, on the other hand, is down. And that is really affecting so many aspects of the local economy. If you have been thinking about buying in the town of Sonoma, now is a great time to get a great deal!