MarketReport Market report for Sonoma County for September 2022 Copyright by KW Advisors 2022
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 the value of your home.
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What's in the Sonoma data?
In Sonoma, the median sold price for single-family homes in August slightly decreased month-over-month to $830 thousand. The number of homes sold decreased to 145 and the number of new listings also decreased to 265. The number of condo and townhome sales decreased monthover-month to $487 thousand with 26 units sold and 73 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 months’ supply of homes. When factoring in the number of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
Sonoma
The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from August 2021 to August 2022. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285 DRE# 01995149 | DRE# 01906450 Copyright KW Advisors 2022. Each Office is independently owned and operated.
265 New Listings 2.7 Months of Inventory $830K Median Sale Price 100%
37
SFH
Single Family Homes
145 Sold
Median Sale vs List Avg Days on Market Listings
73 New Listings 2.1 Months of Inventory $487K Median Sale Price 102.9% Median Sale vs List 27 Avg Days on Market 26 Sold Listings CONDO Condo & Townhomes
y y
$1,000,000
$0 August2022September2022October2022November2022December2022January2022February2022March2022April2022May2022June2022July2022August2022 60 40 20 0 August2022September2022October2022November2022December2022January2022February2022March2022April2022May2022June2022 July2022
125% 100% 75% 50% 25% 0% Median SalesPrice
Single Family Homes
Condos & Townhomes
The overbid percentage has slightly increased from 102 3% last year to 102 9% this year's August
AVGDays OntheMarket
The median sales price slightly increased from $760k last year's August, to $830k this year
Single Family Homes
Overbids
August2022September2022October2022November2022December2022January2022February2022March2022April2022May2022June2022July2022August2022
$500,000 $250,000 August2022
Single Family Homes
The overbid percentage has decreased from 100.9% last year's August, to 100% this year.
$750,000
Condos & Townhomes
The median sales price has increased from $475k of August 2021 to $487k by August 2022.
The average days on market slightly increased from 36 days last year to 37 days by August this year.
Condos & Townhomes
The average days on market significantly decreased from 36 days last year to 27 days by August this year
1624 California Street, San Francisco CA 94109 2207 Lombard Street, San Francisco, CA 94123 SanFrancisco 1430 Howard Avenue, Burlingame, CA 94010 16 E 3rd Avenue, San Mateo, CA 94401 PeninsulaEstates 505 Hamilton Ave Suite #100, Palo Alto, CA 94301 PaloAlto 951 California Boulevard, Napa, CA 94559 NapaValley :
