Cynthia Larsen - Sonoma County Real Estate Broker

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What's My Sebastopol Home Worth? July 2014

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 illistrate 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

Cynthia Larsen is the owner and broker of record for Safe Haven Realty and has worked and lived in Sonoma County for over 25 years. For more information about Sonoma County, check out Bodega Bay - Cotati - Penngrove - Petaluma - Rohnert Park - Santa Rosa - Sonoma Valley - Windsor.

 

To view all available homes for sale in Sonoma County, visit Sonoma County Homes For Sale Online or scan the QR code below with your smart phone for mobile access.

 

QR code for mobile access

 Cynthia Larsen
Broker/Owner - Safe Haven Realty

Sonoma County, California, USA
(707) 332-2560

www.cynthialarsen.com


0 commentsCynthia Larsen • August 22 2014 02:47PM
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