Sales of single-family, re-sale homes in Sonoma County continued to increase in October, up 121.9% year-over-year. This is the largest year-over-year increase in home sales since we've been keeping track.
Year-to-date, home sales are up 17.4%. The median price for singlefamily, re-sale homes in Sonoma County rose 0.5% from September, the first month-over-month gain since March, but was off 29.8% year-over-year. The average price for homes gained 0.6%, month-over-month, but was down 26.6% compared to last October.
Condo sales rose 27.3% from September, and were up 189.7% year-over-year. The median price for condos gained 10.3% from September, off 45.5% year-overyear.
These numbers can, and do, swing wildly because there are so few condo sales. The time it takes from when a home was listed for sale to when it was put under contract rose eight days to 104. The average days on market for condos rose 18 days to 100 days.
The sales price to list price ratio for single-family home dropped 1.3 points to 96.5%. The condo ratio fell 1.1 points to 98.2%.
The real estate market is very hard to generalize. It is a market made up of many micro markets. For complete information on a particular neighborhood or property, or for an evaluation of your home's worth, call me. Data provided by RE Report
For more information on Real Estate in the Sonoma County area please visit my webpage at:
http://www.winecountry-realestate.com/
For information on the Sonoma County area please visit
www.sonoma-county.org www.sonomacounty.com
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