Lots and Land Sales Report for Sonoma County

filed under: Building and Remodeling, Market updates posted on May 23rd, 2012

Residential Lots near the Sonoma Plaza

Since home prices declined so significantly since 2007, the market for buildable lots and land in Sonoma County has been very slow for the last few years. That has started to change as new construction is picking up again. Also, in Sonoma County, picky buyers from out of the area with specific home design desires are beginning to build their own custom homes again. Again, while the unit sales are slow for lots and land, sales are picking up. These figures do not include commercial lots, but they do include agricultural lots. The market for plantable vineyard land, and existing vineyards of high quality, is rather strong.

Weighing against new construction are ever escalating contruction and building costs, along with city and county regulations. For a post on Sonoma County’s Permit and Resources Department (PRMD) click here. In Sonoma County as well we are seeing an increased impact on building concerning endangered or threatened species such as the California tiger salamander, the Pritkin marsh lily and the bank swallow.

Again, a caution in that the sample sizes here are so small that it is difficult to draw conclusions from them. I really am including these for reference purposes. Please let me know if you have any questions.

Sonoma Lots and Land

posted by Pam Buda // Comments Off on Lots and Land Sales Report for Sonoma County