Sonoma County Statistics Update
See how this local area is doing
All of you out there in Sonoma County who are still doubtful that the market is in fact ‘in recovery’, take a look at these statistics! I refer to Trulia quite frequently to give me accurate updates on the market trends through statistics. Numbers and data is what I’m looking for and Trulia delivers a great report. Take a look at what the stats say about the market local to Northern California:
“The median sales price for homes in Santa Rosa, CA for Mar 12 to May 12 was $270,000. This represents an increase of 6%, or $15,217, compared to the prior quarter. The average listing price for Santa Rosa homes for sale on Trulia was $587,807 for the week ending May 30, which represents an increase of 0.2%, or $1,378, compared to the prior week and an increase of 3.3%, or $18,979, compared to the week ending May 09. Average price per square foot for Santa Rosa CA was $195, an increase of 3.2% compared to the same period last year. Popular neighborhoods in Santa Rosa include Oakmont Village Association, Wright Area Action Group, Northwest Santa Rosa Neighborhood Association, Junior College Neighborhood Association, Skyhawk Commmunity, and Scenic Brush Creek.”
As you can see by the numbers listed above and the graphical representations in this blog, the numbers for Sonoma County median sales prices are still increasing and will continue to do so if the market stays at its constant rate. A few more interesting tidbits concerning the price to square footage ratio: Prices for one bedroom homes are up over fifty percent from this time last year. Two bedroom homes have seen a rise of 5.8 percent while three bedroom homes have seen a 1% decrease. Overall properties have seen a 3.2 percent increase which will hopefully continue for the next several quarters before we see a plateau.
Short and sweet update today! Hope these numbers gave you a better idea of where the market is at, where we’re headed and gives more hope to future home owners/buyers.
Lynn Tardibuono – Flipper Chick- Real Estate Agent and Co-Owner of Sun Pacific Mortgage and Real Estate. Serving Sonoma County since 1988. Her number is (707)523-2099 and you can also visit our redesigned website at http://www.sunpacmortgage.com Also be sure to like us on facebook! Click this link! DRE license #01014873