Sonoma County displayed very steady trends across the board in relation to its previous 2015 market activity. The average home sold for $627,525—a modest 4 percent gain year-over-year—but still the third-highest quarter on record. Sales volume was also less erratic than in some other Bay Area counties. The 1,177 homes sold was up 6 percent year-over-year, but fell slightly by 9 percent from the typically busier third quarter. This marked the third consecutive fourth quarter in which Sonoma County sales volume totaled between 1,100 and 1,200—a rare pattern in a market that affords few. The average 64 DOM was quicker than what we saw this time last year, but was generally in line with what we’ve come to expect of this market.
SALES PRICE CHANGE
Little deviation was seen between list prices and selling prices as Sonoma County sellers have been able to harness the vantage point of a more stabilized market. When sellers tested the market, 91 percent of their initial listing was recovered.
AVERAGE SALES PRICE BY CITY – TOP 10
Kenwood, Glen Ellen and Geyserville each experienced strong gains, with average home sales jumping by 52 percent, 35 percent and 30 percent, respectively.