The $703,420 average sales in Sonoma County was up 7 percent year-over-year, and serves as another reminder of how the more affordably priced North Bay counties are continuing to experience upward appreciation, even as much of the surrounding market stabilizes. The average Sonoma County home sold in just 58 DOM this quarter. It should be noted that the 1,219 homes sold this quarter marked an 11 percent year-over-year drop—the highest figure among all seven counties we serve this quarter. With limited inventory becoming more of an issue, the market here remains favorable for sellers.
AVERAGE SALES PRICE BY CITY – THE TOP 10
Glen Ellen and Healdsburg both posted strong year-over-year gains, up 43 percent and 37 percent, respectively. Among Healdsburg’s sizable data pool of more than 50 sales was included a county-high closing of $15.25 million.
SALES PRICE CHANGE
Homes were generally priced in accordance with buyer expectations, as those who required no price change netted 102 percent of initial asking price, while sellers who tested the market were able to retain 91 percent.