For the month of January 2007 14 homes sold in the quaint town of Sonoma. These homes took an average of 124 days to sell. They started with an average list price of $890,100 and sold for an average of $785,879. Only 18% of all available listings in Sonoma are in escrow, indicating a Strong Buyer's Market.
As San Francisco is seeing more and more multiple offer situations, and the inventory in Marin County is scarce, Buyers will soon have a renewed interest in place like Sonoma, where the quality of life is very high -- but the prices of homes are not. The market appears to be turning...
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