Sonoma County Real Estate in 2020

Pandemic, unemployment, terrible financial hardships for many residents and small businesses, new ways of working, office buildings empty, people move to less densely populated areas, dreadful fires, an anxious presidential election, interest rates to historic lows, stock markets to new highs, IPO mania breaks out again, vaccines begin to arrive – and, after an initial [ More ]

Sonoma County Real Estate A Challenging Year Begins Winding Down December 2020 Report

Though Covid-19 upended many normal seasonal trends this year, and then the fires added their impacts, the market did begin its typical “holiday season” slowdown in November – however activity remained well above levels of last year. It is unknown how the latest pandemic circumstances may affect the market in December, which is usually by [ More ]

Sonoma County Real Estate Prices & Trends November 2020 Report

The long-term median sales price chart below is similar to those for counties around the Bay Area – a significant spike in median house prices since the pandemic struck in early spring. As mentioned before, recent jumps in median house prices have been driven not only by appreciation in fair market values, but by large [ More ]

Sonoma County Real Estate October 2020 Report

Our hearts go out to so many of our friends and neighbors affected by these terrible fires, and our gratitude is too deep for words to those fighting the fires and assisting those needing help. We continue to issue market reports during these times of such difficulty simply because there are still people who have [ More ]

Sonoma County Real Estate September 2020 Report

In the context of the terrible fires we’ve seen in recent weeks, a real estate report may seem trivial, but we have clients still trying to make buying and selling decisions, and we feel it remains our job to deliver straightforward data on the market. This first chart looks at the impact of the fires [ More ]

Sonoma County Real Estate August 2020 Report

Median House Sales Prices – Short-Term & Long-Term Trends. Active listings on market, new listings, listings accepting offers, closed sales volume. Supply & Demand Inventory is not keeping up with demand, putting increasing pressure on the market (and prices). Sales Volume & Listings for Sale by Price Segment As compared to sales volume, the Sonoma [ More ]

Sonoma County Real Estate Market Blasts Off July 2020 Report

Despite the ongoing health and economic crisis precipitated by COVID-19, the Sonoma County real estate market has staged a dramatic recovery from the steep declines in March and April. Buyer demand has skyrocketed, and high-end homes, in particular, have seen extremely strong sales activity. Around the Bay Area, more affluent buyers – the demographic least [ More ]

Sonoma County Real Estate Spring 2020 Report

Supply & demand statistics, median sales price trends, sales and values by city, the luxury home market, and the dwindling effects of COVID-19. June 2020 Generally speaking, market activity – as measured by the number of listings going into contract – continued to pick up rapidly in May, bouncing back from the steep plunge following [ More ]

Sonoma County Real Estate Market Begins to Bounce Back – Slowly

Shelter-in-place caused steep drops in activity across the board in what is typically the beginning of the busy spring and summer selling seasons. However, though still far below normal levels, activity has been slowly picking up since bottoming out in late March/early April, and will presumably continue to do so with the easing of both [ More ]

Sonoma County Real Estate & the Coronavirus April 2020 Report

The first thing to remember is that there is a time lag – usually 3 to 6+ weeks – between a new listing coming on market, an offer being negotiated and accepted, and when the transaction actually closes sale. This means that almost all of the sales price data we have, as of the first [ More ]