MarketReport Market Report for Sonoma County January 2023 Copyright by KW Advisors 2023
What’syourhome reallyworthin today’smarket?
That's really the question you should be asking yourself
Our market is incredibly diverse, and it's changing 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
So, do you know what your home is worth in today's market?
Contact me for a confidential, no obligation assessment of your home's value.
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WhatAreYourGoals intheHousingMarket ThisYear?
If buying or selling a home is one of your New Year’s resolutions, it’s essential for you to understand today’s housing market, define your goals, and work with industry experts to bring your homeownership vision for the new year into focus.
Sonoma
What's in the Sonoma data?
Sonoma's single-family housing market saw an increase to a $785k median sold price. There were 219 units sold and 83 new listings. The condo & townhome market inclined month-over-month with 14 new listings, and 30 sales totaling approximately $450k. Buyers have remained aggressive with their offer prices remaining at around 100%. Due to only 6% of homes being completed, the market has seen a decrease in supply. Combine these factors with the surging demand, and the cost of buying continues being pushed up. This is creating an imbalance between the pricing range and active options in the marketplace.
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219 old Listings
The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from December 2021 to December 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 2023. Each Office is independently owned and operated.
$785K
edian Sale Price 55 vg Days on Market
14 New Listings 0.7 Months of Inventory $450K Median Sale Price 100% Median Sale vs List 48 Avg Days on Market 30 Sold Listings CONDO Condo & Townhomes
022September2022October2022November2022December2022 22September2022October2022November2022December2022 LISTINGS y y
Single Family Homes
The median sales price increased from $780k last December to $785k this year
Condos & Townhomes
The median sales price has increased from $447k in December 2021 to $450k by December 2022.
AVGDays OntheMarket
Single Family Homes
The average time spent on market increased from 47 days last year to 55 days by December this year.
Condos & Townhomes
The average time spent on market slightly increased from 47 days last year to 48 days by December this year
Overbids
Single Family Homes
The overbid percentage has slightly decreased from 100% last year's December, to 99% this year.
Condos & Townhomes
The overbid percentage has slightly decreased from 100 3% last year to 100% this year's December
December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022
December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022 60 40 20 0 November2022December2022January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022 125% 100% 75% 50% 25% 0%
$1,000,000 $750,000 $500,000 $250,000 $0
Median SalesPrice
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