Sonoma County Home Sales - January 2015
Well ... January 2015 was a typical January. Not many homes closed because not many folks were seriously house hunting from Thanksgiving through Christmas. The total number of sales of Single Family homes for the month of January 2015 was 226. That is down 18% compared to a year ago when 275 units sold.
This is a reflection on the extremely low volume of inventory in Sonoma County. The median home price, on the other hand, is 4% higher, coming in at $479,500.00. Let me show you a chart that shows home prices in Sonoma County by area, then I want to say a few words about median price vs. average price.
I sometimes get asked why I use median home prices vs. average prices in my charts. (Median means that half of the homes sold for more than the median price, half for less.) The reason for this is because there is a lesser chance of numbers getting skewed because of anomalies. Anomalies can include an unusual number of very high priced or low priced homes, resulting in a reporting price that is abnormal.
Such an event happened in Healdsburg in January 2015, where the median price is more than half a million dollars higher than a year ago, a 72% increase. Only 8 homes sold in Healdsburg, where over half of them were million plus dollar homes. The prices ranged from $459K to $3.4MM. By using the median method, we come up with $1,261,064.00. That is a much higher than normal median price, but if I had used the average method, the number would have been even higher ($1,422,016.00)! Either way, Healdsburg is one of the most expensive areas in Sonoma County, along with Coastal Sonoma, Sebastopol and Sonoma Valley.
Only four areas of Sonoma County came in at under $400K during January 2015. They are NW Santa Rosa, SW Santa Rosa, Cloverdale and the Russian River area. If you are thinking of selling your home in the near future, the average days on market suggest it will possibly take about 90 days or so to sell your home.
Would you like more detail on home sales in any of these Sonoma County areas? I'd be glad to get that for you, just give me a call. 707-332-2560
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 - Sebastopol - 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.
Independent Broker/Owner - Safe Haven Realty
Sonoma County, California, USA