Category Archives: Monthly Sales Statistics Sonoma County

August Market Data Featured on the Show this Sunday!

So is the market turning northward!!  Here’s the data for August of 2009:

All Listings—The REO and Short-Sale segments below are NOT in addition to these numbers but are simply what COMPRISES or makes up, these base numbers!

Base Numbers:    #      DOM (Days on the market)              Median Home Price

Actives:              1506 DOM: 121                                   $625,000 Median

CTS:                       1087  DOM: 116                                 $299,000

Pend:                    226    DOM: 103                                 $315,000

Sold:                      450    DOM: 101                                 $325,000

Sold’08:               466    DOM:  93                                  $355,000  ONLY down 8.5% over last year! Good News Here! Compare this  to the historic 25-30% slips of the past few years!! Can you spell “Bottom”??But wait! If the REO market comes roaring back count on this number to falter and fall. That’s IF the Asset Managers insist on “dumping” inventory. Continue reading August Market Data Featured on the Show this Sunday!

Latest Sales Numbers for July Median down ONLY 10%!

The big news is we hit 500 Sales for the first time since October! Yeah! But we ARE in PRIME TIME so we’d better beat that wild and crazy October sales number.

  • The other BIG news is the median, usually dropping some 25%+ per month is down ONLY 10% over last years median!
  • Sales are up a modest 6.5% mainly due to the LACK of inventory. Last year at this time we had 2600 listings but are limping along in ’09 at just 1574 total homes on the market in Sonoma County!
  • Here’s some other categories and numbers:
  • REO’s or Real Estate Owned-those ‘post’ foreclosure–sales are down 32% over last year!
  • We only have 131 “Active” REO’s! REO’s make up ONLY 8% of the active market but 29% of ALLSALES! Wow!
  • Short-Sales: those with loan amounts HIGHER than the list price-sales have fallen 14% over last month at 86 but are up a whopping 42% over last year! However, the average time on the market is still a huge 176 Days! Of our 1058 in escrow or Continue to Show homes, 645 are Short-Sales! We ONLY have 67 pending which is a firmer transaction!
  • Oddly, the number of VACANT omes is now at 535 of All Active listings and 303 of ALL the 500 Sales or 60%! The foreclosure sales toal 46% (REO’s and Short-Sales”) but 14% more ARE Vacant! Interesting?!!