What's My Sebastopol Home Worth? July 2014

By
Real Estate Broker/Owner CalBRE# 01433049

What's My Sebastopol Home Worth? July 2014
Typical home on main street in Sebastopol

Single Family Residences:
24 - Number of SFR's sold in July
65 - Average Days on Market
$551,000 - Median sales price
$638,574 - Average sales price
1887 - Average square footage
$367 - Average price per square foot

Sebastopol, like many areas in Sonoma County, has experienced a low amount of inventory which has driven Single Family Home prices up. During the month of July, however, lower priced homes dominated home sales in Sebastopol, so the statictics show an actual 1% decrease in value compared to 24 months ago. As of this writing, the absorption rate is 1.7 (months), meaning if no new listings were introduced to the market, there would be no homes left for sale within 52 days.

The absorption rate, which is the # of properties currently available compared to the average # of sales in previous months, is the indicator of whether we are experiencing a buyer or sellers market. We are in a sellers market right now in Sebastopol, since a "normal" market would have roughly 6 months of inventory.

I included a median sales price for Sebastopol to illustrate that even though the average sales price was $638,574 during July 2014, over half of the homes sold were under $551,000.

If you would like more information about Sebastopol, you can visit my website for community information and an up-to-date view of available Sebastopol homes for sale.

 

What's My Sebastopol Home Worth? July 2014

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Cynthia Larsen (707-332-2560) is an independent real estate referral broker in Sonoma County, California as well as a Certified Probate Real Estate Specialist.

CA Broker License #01433049

Comments (2)

Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

It's interesting to see real estate in other parts of the country. Those SF prices would be extremely high here.

Sep 06, 2014 03:19 PM
Cynthia Larsen
Cotati, CA
Independent Broker In Sonoma County, CA

Yes, Tammie, some places here are really high priced!

Sep 09, 2014 11:36 AM