Cynthia Larsen - Sonoma County Real Estate Broker

head_left_image

Sonoma County Home Sales - January 2015

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.

 

Sonoma County Home Sales - Jan 2015

 

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 RosaSebastopol - 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
Independent Broker/Owner - Safe Haven Realty

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

www.cynthialarsen.com


0 commentsCynthia Larsen • February 26 2015 03:14PM
Sonoma County Home Sales - January 2015
share
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… more
Lincoln Ave Condos Rohnert Park CA
share
Lincoln Ave Condos Rohnert Park CA If you are in the market to buy a SINGLE LEVEL condo on the ground floor, you've come to the right place. I love these condos, they are the only true single level condo complex that I have… more
Lincoln Ave Condos Cotati CA
share
Lincoln Ave Condos Cotati CA If you are in the market to buy a SINGLE LEVEL condo on the ground floor, you've come to the right place. I love these condos, they are the only true single level condo complex that I have come… more
Sonoma County Home Sales - October 2014
share
Sonoma County Homes Sales - October 2014 It amazes me to see how Sonoma County shifts as far as the least or most expensive areas to live in. Twenty five years ago, the least expensive area was the Russian River, affectionately referred to… more
New on Market.. Single Level Condo in Cotati
share
New on Market.. Single Level Condo in Cotati Do you like to cook How about having a shiny new kitchen to whip up your favorite meals in? This single level, 2 bedroom, 1 bathroom condo in Cotati is new to the market and awaiting your… more
Speechless Sunday - Sonoma County Sunrise
share
more
Coming Soon! Lincoln Avenue Condo in Cotati!
share
Coming Soon! Lincoln Avenue Condo in Cotati! I am always thrilled to list a Lincoln Avenue Condo, they are my favorite condos for several reasons: They are all single level They are within a block from the only grocery store and post… more
Is your favorite REALTOR in your Will or Trust?
share
Is your favorite REALTOR in your Will or Trust? No? Then how about your favorite letter carrier or check-out clerk at the local grocery store? Okay, I'm just kidding about the letter carrier and check-out clerk, but I'm not kidding about your… more
Sonoma County Home Sales - September 2014
share
Sonoma County Home Sales - September 2014 I know what you're thinking Why did it take me until November 7th to post sales results in Sonoma County that took place in September? Well.. I took some time off, that's why! And speaking of… more
Snacking on the job
share
Normally, I don't ever eat while I'm "out in the field". But when you are "out in the field" in Sonoma County, there are temptations this time of year that you just can't pass up. I was present during a well test checking the mineral… more