Interested in what's selling in the Rohnert Park California Real Estate market and for what prices? Following are the stats for the January 2009 market as well as what is currently available in the residential real estate market. Residential meaning, Single Family Homes as well as Condos & Farms/Ranches.
As of Today February 28, 2009 Rohnert Park CA currently has the following:
169 Active Listings:
List Price Range $94,620 - $589,000
Average List Price $263,592
Median List Price $254,900
Of these 169 listings, 61 are Bank Owned aka REO or Foreclosure properties & 85 are Short Sales
79 Listings In Escrow in "Contingent" status:
List Price Range $94,620 - $550,000
Average List Price $270,893
Median List Price $259,000
Of these 79, 21 are Bank Owned & 49 are Short Sales
23 Listings In Escrow in the "Pending" status i.e. All Contingencies have been removed:
List Price Range $119,900 - $445,000
Average List Price $285,326
Median List Price $279,000
Of these 23, 21 are Bank Owned & 0 are Short Sales
32 Listings Sold i.e. Closed Escrow During the month of January 2009:
List Price Range $125,000 - $475,000 * Selling Price Range $115,000 - $426,000
Average List Price $256,362 * Average Selling Price $252,044
Median List Price $247,400 * Median Selling price $249,950
Of these 32 listings, 23 were Bank Owned & 6 were Short Sales
Rohnert Park follows suit with a good amount of the rest of Sonoma County by being heavily loaded with bank owned (foreclosed homes) and short sale listings. Often there will be a larger number of short sales that go in to escrow but in the end they do not always end up as closed sales. The bank owned/REO's are generally much more likely to end with a finalized sale.
It is not uncommon for well priced Rohnert Park listings to generate multiple offers and can end up selling for above the current list price.
What Do All The Numbers Mean?
With the currently available 169 active listings and sales consistently closing approximately 34 listings a month, Rohnert Park has an Absorption Rate of just under 5 months of inventory. If I break these numbers out further, we have a 3 ¼ month inventory of Bank Owned homes and a 5 1/2 month inventory of Short Sales.
Have I Missed An Important Piece of Information You Were Hoping To Find?
Upon Request I am happy to further drill down these stats to more specific Rohnert Park neighborhoods or other areas of the county..
Please come back mid month March for the February stats.
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