Interested in current market statistics for the Sebastopol Market Area of CA Real Estate? Following are the stats for the February 2009 market as well as what is currently available in the residential real estate market. Residential meaning, Single Family Homes, Condo's as well as Farms/Ranches.
NOTE: The Sebastopol Market Area includes Occidental & Camp Meeker as well as Sebastopol.
As of Today March 17, 2009 Sebastopol currently has:
120 Active Listings:
List Price Range $74,900 - $2,950,000
Average List Price $743,297
Median List Price $617,000
17 are Bank Owned aka REO or Foreclosure properties & 17 are Short Sales
28 of the 120 Listings are In Escrow in "Contingent" status:
List Price Range $164,000 - $1,295,000
Average List Price $541,196
Median List Price $498,950
Of these 28, 6 are Bank Owned & 6 are Short Sales
4 of the 120 Listings are In Escrow in the "Pending" status i.e. All Contingencies have been removed:
List Price Range $549,000 - $889,000
Average List Price $696,125
Median List Price $673,250
Of these 4, 0 are Bank Owned & 0 are 0 Short Sales
10 Listings Sold i.e. Closed Escrow During the month of February 2009:
List Price Range $320,000 - $2,050,000 * Selling Price Range $301,000 - $1,760,000
Average List Price $653,440 * Average Selling Price $595,680
Median List Price $495,900 * Median Selling Price $475,000
Of these 10, 5 were Bank Owned & 1 was a Short Sale
Here in Sebastopol we do not have the high numbers of bank owned or short sale listings that we see in some other communities within Sonoma County. Bodega Bay & Healdsburg are two other locations that follow suit.
Considering we currently have 120 active listings in the Sebastopol area and have been consistently selling approximately 16 listings a month, we have 7.5 months of inventory. If I break these numbers out further, we have about a 7 month inventory of Bank Owned homes and an 18 month inventory of Short Sales.
I am happy to further drill down these stats to more specific neighborhoods in and around Sebastopol or for other areas of Sonoma County, upon request.
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