June 2022 Sonoma County Market Report

June 2022

Sonoma County

Market Report

What's your home actually worth

IN TODAY'S MARKET That really is the question to ask yourself.

Our market is incredibly diverse and changes rapidly. Values vary not just by neighborhood, but by street. Your home isn't necessarily worth what your neighbors is. At the end of the day, the current market sets your homes's value.

So, do you know what your home is worth in today's market?

I can help

Contact me for a confidential, no obligation, assessment of your home's value.

June 2022

How Homeownership Impacts You June is National Homeownership Month, and it’s the perfect time to reflect on how impactful owning a home can truly be. When you purchase a house, it becomes more than just the space you occupy. It’s your stake in the community, an investment, and a place you can put your stamp on.

If you’re thinking about buying a home this year, here are some of the benefits you’ll experience when you do. Read more here.

Sonoma

What's in the Sonoma data?

Sonoma’s median sold price for single-family homes was $865,000. The number of homes sold slightly increased to 423 and the number of new listings also increased at 922. The number of condo & townhouses sales increased slightly to $488,000 with 116 new listings and 66 homes sold. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be above 100%. As temperatures are rising, the market is showing signs of cooling.

992 New Listings

423 Sold Listings

1.0 Months of Inventory

$865K Median Sale Price

104.3% Median Sale vs List

26 Avg Days on Market

SINGLE FAMILY HOMES

This data is sourced from BrokerMetrics for the period 05/2021 thru 05/2022. Data may include preliminary data and may vary from the time this data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams San Francisco.

415.483.9285 DRE# 01995149 | DRE# 01906450 Copyright Keller Williams San Francisco | Peninsula Estates 2022. Each Office is independently owned and operated.

116 New Listings

66 Sold Listings

0.9 Months of Inventory

$488K Median Sale Price

105% Median Sale vs List

Sonoma

at a glance

24 CONDOS & TOWNHOMES

Avg Days on Market

20 21

20 21

20 21

CONDOS & TOWNHOMES

Last 12 months, year-over-year M ay 20 22

20 21

20 21

20 21

M ay

20 22

Ap ril 20 22

Au gu st 20 21 Se pt em be r2 02 1 O ct ob er 20 21 N ov em be r2 02 1 De ce m be r2 02 1 Ja nu ar y 20 22 Fe br ua ry 20 22 M ar ch 20 22

Ju ly

Ju ne

M ay

SALE VS

Ap ril 20 22

Au gu st 20 21 Se pt em be r2 02 1 O ct ob er 20 21 N ov em be r2 02 1 De ce m be r2 02 1 Ja nu ar y 20 22 Fe br ua ry 20 22 M ar ch 20 22

Ju ly

Ju ne

M ay

LISTINGS FOR SOLD LISTINGS

SONOMA MAY 2021 - MAY 2022

2,000

1,500

1,000

500

0

SINGLE FAMILY HOMES

Last 12 months, year-over-year

250

200

150

100

50

0

SONOMA COUNTY JUNE 2022

$1,000,000

Single Family Homes The median sales price has gone up for $775k last year in the same month, compared to $865k this year.

$500,000

Condos & Townhomes

$250,000

20 21 Au gu st Se 20 pt 21 em be r2 02 O 1 ct ob er 20 N ov 21 em be r2 De 02 ce 1 m be r2 02 Ja 1 nu ar y 20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 22 M ay 20 22

Ju ne

75

Single Family Homes The average days on market showed huge improvement from 42 days last year's May to 26 days a year later.

50

25

Condos & Townhomes

Au gu st 20 Se 21 pt em be r2 02 O 1 ct ob er 20 N ov 21 em be r2 De 02 ce 1 m be r2 02 1 Ja nu ar y 20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 22 M ay 20 22

20 21

Ju ly

Ju ne

20 21

20 21

0

M ay

AVG DAYS ON MARKET

The median sales price has slightly increased from $485k last May 2021 to $488k by May 2022.

Ju ly

20 21

20 21

$0

M ay

MEDIAN SALES PRICE

$750,000

The average days on market is down to 24 days this May 2022 compared to May 2021 that records 35 days.

125%

Single Family Homes 100%

The overbid percentage steadily rose from 102.5% last year's May to 104.3% a year later.

75%

50%

The overbid percentage has gone up from 101.3% last year's May to 105% this year.

25%

Au gu st 20 Se 21 pt em be r2 02 O 1 ct ob er 20 N ov 21 em be r2 De 02 ce 1 m be r2 02 1 Ja nu ar y 20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 22 M ay 20 22

20 21

Ju ly

20 21

Ju ne

20 21

0%

M ay

OVERBIDS

Condos & Townhomes

Keller Williams Napa Valley 951 California Boulevard, Napa, CA 94559

Keller Williams San Francisco 1624 California Street, San Francisco CA 94109 2207 Lombard Street, San Francisco, CA 94123 Keller Williams Peninsula Estates 1430 Howard Avenue, Burlingame, CA 94010 16 E 3rd Avenue, San Mateo, CA 94401 Keller Williams Palo Alto 505 Hamilton Ave Suite #100, Palo Alto, CA 94301