Sonoma County Real Estate Market may be picking up in 2008

filed under: Market updates posted on February 4th, 2008

Just got an interesting email from my broker Rick Laws.  Rick compiles many of the Sonoma County real estate market statistics used by the Press Democrat newspaper.  I ‘ll have more in depth reports on January 2008 real estate sales in a couple of weeks.  But briefly, Rick says,

There are 260 pending SFD sales reported (so far) for January. That is the strongest month since last July.The median price has bounced back up to $500K from $466,500 in December.” 

 As many of you know, the market for country property in Sebastopol, Healdsburg and parts of Santa Rosa, has been reasonably strong.  What is interesting is that we are seeing much more activity at the troubled lower end of the market, with many more multiple offer situations on short sales and REO’s.  Maybe buyers are starting to notice that here are some great bargains out there in Santa Rosa and Sonoma county real estate.  More information as the data comes in….

posted by Pam Buda // 1 Comment »