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Sonoma County Single-Family Homes Sonoma County may have been the most affordable in the North Bay region, but this quarter was still marked by setting another record high average sale price for the third consecutive quarter. The county’s average sales price of $842,262 was the highest recorded in the past 10 years — resulting in a 14 percent increase from Q1 2017 — and 6 percent above the previous record set in Q4 2017. Sonoma County’s sales volume was also up 8 percent year-over-year with 881 homes selling this quarter. An ongoing steady demand for the area also led to homes selling much more quickly this quarter, at an average of 52 DOM, this was 28 percent faster than the previous year.

SONOMA COUNTY Average Sales Price

Days on Market

Average Price Per Sq. Ft.

Q1 2018

$842,262

52

$459

change

6%

-16%

9%

Q4 2017

$791,223

62

$420

Q1 2018

$842,262

52

$459

change

14%

-28%

11%

Q1 2017

$741,361

72

$412

* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance

Page 22 | McGuire Real Estate Quarterly Report - 1st Quarter 2018

Profile for McGuire Real Estate

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