Besides changes in fair market value, median sales prices often rise and fall due to seasonal factors. The median house sales price has seen an astonishing increase since the pandemic struck.
Our January report focused mostly on 2020’s annual statistics. This report will put most of its attention on quarterly and monthly indicators, which better illustrate changes occurring as 2020 progressed: pre-pandemic to initial pandemic crash through the subsequent market recovery. In some counties – and of course, Sonoma is one of them – the terrible [ More ]
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 ]
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 ]
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 ]
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 ]
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 ]