Windsor, Sonoma County CA April 2009 Market Snapshot
Are you interested in current market statistics & conditions for the Windsor Market Area of Northern California Real Estate? Following are the stats for the April 2009 market as well as what is currently (as of May 24) available in the residential real estate market. Residential meaning, Single Family Homes, Condo's as well as Farms/Ranches. This month I am changing this up a bit by dividing out the detached single family homes from the condo market.
As of Today May 24, 2009 the Windsor CA Market Area currently has:
162 Listings:
141 Are Single Family Home with List Price Range of $134,000 - $4,900,000
Average List Price $477,847 * Median List Price $371,250
27 are Bank Owned aka REO/Foreclosed properties & 71 are Short Sales
20 Are Condo Listings with a List Price Range of $139,900 - $375,000
Average List Price of $247,380 * Median List Price of $272,000
4 are Bank Owned aka REO/Foreclosed properties & 10 are Short Sales
82 of the Listings Are In Escrow in "Contingent" status:
74 being Single Family Homes List Price Range $134,000 - $859,000
Average List Price $353,221 * Median List Price $354,000
Of these 74, 14 are Bank Owned & 53 are Short Sales
8 are Condo's with a List Price Range of $139,900 - $289,900
Average List Price of $193,274 * Median List Price of $160,750
Of these 8, 3 are Bank Owned & 5 are Short Sales
15 of the Listings In Escrow are in the "Pending" status i.e. All Contingencies have been removed
11 are Single Family Homes List Price Range $250,000 - $1,599,000
Average List Price $460,545 * Median List Price $349,900
Of these 15, 5 are Bank Owned & 2 are Short Sales
4 are Condo's with a List Price Range of $154,900 - $298,500
Average List Price of $257,600 * Median List Price of $288,500
Of these 4, 1 is Bank Owned & 3 are Short Sales
46 Listings Sold i.e. Closed Escrow During the month of April 2009:
44 being Single Family Homes Selling for 98.26% of List Price
List Price Range $179,000 - $644,900 * Selling Price Range $182,800 - $600,000
Average List Price $350,101 * Average Selling Price $343,995
Median List Price $329,700 * Median Selling Price $325,500
Of these 44, 25 were Bank Owned & 8 were Short Sales
2 Were Condo's That Sold for 93.52% of List Price
List Price $219,900 - $239,900 & Selling Price of $205,000 - $225,000
Average List Price $229,900 * Average Selling Price $ 215,000
Median List Price $229,900 * Median Selling Price $215,000
Of these 2, 2 were Bank Owned leaving 0 were Short Sales
For quite some time now the Windsor market has been heavily weighted with bank owned/REO's (foreclosed homes) and short sale listings. Windsor is following suit with a majority of the rest of the county having be a larger number of short sales in escrow but when it comes to the numbers of listings that actually closed escrow and end of sold the numbers will end up heavier on the bank owned/REO side.
What Does All This Mean?
Considering the current available volume of 162 listings and we have been consistently selling approx 32 listings a month, Windsor has 5 months of inventory. If I break these numbers out further, we have about a 1.77 month inventory of Bank Owned homes and a 14 month inventory of Short Sales.
Upon Request I am happy to adjust these stats to a more specific neighborhood within Windsor or your own criteria such as certain number of bedrooms and bath or single level only to name a few.
Lynn Bowen
Domaine Real Estate
Sebastopol Ca
707-695-3814 Lynn@DomaineRE.com
www.LynnBowenRealEstate.com
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