Median Home prices SOARING in Sonoma County!

Fire victims bidding up home prices evident here in the city of Sonoma

We are seeing some pretty dramatic increases in Median home pricing due to the purchases made by not only fire victims but also those seeking to live in our gorgeous “Destination” county. Graph above shows the City of Sonoma and how the median home price has soared over last year at this time. Areas in Sonoma County where the “Active” listings median home price tops $1,000,000: Sea Ranch ($1,174,500), Sonoma ($1,587,500), Petaluma West ($1,087,000), Sebastopol ($1,150,000), Healdsburg ($1,395,000.

However, inventory continues to be weak but is surging. The amount of “Active” or “Showable” listings for the entire county  jumped over 800 this week but this is still a weak number. The only area of Sonoma County with some double digit price segments is in the NorthWest area of Santa Rosa. So still skinny. Ironic that the 2nd hardest area hit by the October fires has the most inventory.

Remember, our inventory reflects the following areas of Sonoma County, a population over 500,000:  Santa Rosa NW,NE,SE,SW, Petaluma E and W, Healdsburg, Cotati, Rohnert Park, Windsor, Sebastopol, Russian River, Sonoma (city of), Coastal Sonoma, Penngrove, Cloverdale, Oakmont,Annapolis, Sea Ranch

Pricing your Home to sell in a post-firestorm world? Appraiser Bruce Ford gives insight this Sunday!

Bruce Ford, Appraiser

I’m pleased to welcome back Bruce J. Ford
Chief Appraiser / Nor Cal Quality Appraisals to the new shiny studios of KSRO THIS Sunday, June 3rd! He’ll be on once again discussing the value world of real estate. Questions I’ll have for Bruce? Appraisals–are they still coming in at contract prices? Effects of the fires 8 months later. Pricing of homes being offered to the marketplace. This and a whole lot more Sunday, 9 to 10am, pst, KSRO, 1350AM or 103.5 and 94.5FM.

Bruce J. Ford,  Chief Appraiser / Nor Cal Quality Appraisals

www.NorCal-Quality.com 

NOW – our 26th year serving Sonoma, Marin and Napa counties (CA.)  “Value Driven by Excellence”