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Sonoma County Real Estate 2Q 2009
 
Highlights from Sonoma County EDB 2nd Quarter Report
The Sonoma County Economic Development Board releases quarterly local economic data for Real Estate.  Statistical reports can be found at http://www.sonoma-county.org/edb/reports.htm.  Here some highlights from the most recent report for Sonoma County.
Sonoma County's median home price decreased in June by $85,000 (23.1%) on a year-over basis to $300,000. This price is down $275,000 (47.8%) from its June peak of $575,000 in 2006. The average number of property listings decreased as closed sales rose over the quarter. 69.2% of listed properties sold in June 2009, a roughly 23% decrease from the 92.0% December 2008 rate. So far, 2009 home sales peaked in April, when 536 sales closed. Notices of default increased 10.3% over the quarter, from 1,241 defaults in Q1 ‘09 to 1,370 in Q2. '09 Real Estate. Homes in Sonoma County that sold in Q2 2009 spent an average of 107 days on the market. June's average is ten days longer than a year ago and 56 days longer than that of June 2005. The average home sold for 96.85% of its list price in June 2009. The ratio is 3.25% less than that of June 2005 and is roughly half ... more

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