The chart below helps illustrate what has been going on in the market in the beautiful wine country town of Sonoma. 

You can see in second chart (number of homes sold) when the banks stopped lending money freely-September 2007.  The average sales price, as shown in the first chart, reflects the high number of distress sales.  That's right...  the market is taking a beating BUT it's not dead.  :)

I heard on KGO yesterday that about 80% of economists say that the recession is over.  They are also quick to caution that the recovery will be painful.

Now that we've all more or less adjusted to the current market I am hoping that people will be creative in their efforts to find new ways to generate revenues for themselves as they find that what they used to do no longer works in this market.

Change, like growing pains, isn't always fun at the time but ends up being better in the long run.  I really feel that is true in this case.

 
This post has been included in California Information Sonoma County, CA Information Sonoma, CA Information
Post is included in group: The Lounge at Active Rain
Post is included in group: Pet Friendly Real Estate
Post is included in group: Northern California Real Estate Professionals
Post is included in group: LA Connection
Post is included in group: Activerain MLS Online

1 Comments on Sonoma, CA Home Sales Chart: 2001 - present

OCT
13

Good information Kelley.  I'm always curious to see what's happening in my old stomping grounds.  Keep up the good work and best of luck to you.

8:21pm • #1

Leave a response…



(optional)
What does the graphic say?
 
Rainmaker_large

Kelley Eling (Marin & So. Sonoma Real Estate)

San Rafael, CA

More about me…

Frank Howard Allen Realtors ~ Luxury Portfolio

Address: Marin County, CA, 94901

Cell Phone: (415) 308-1182

Email Me

Usually regarding Marin County Real Estate and Sonoma Valley Real Estate - including all the fun things to do here!


Links

Archives

RSS 2.0 Feed for this blog

Find CA real estate agents and San Rafael real estate on ActiveRain.