Archive for the 'Sonoma Valley' Category

Home Sales Report for the town of Sonoma and the Valley of the Moon

filed under: Market updates, Sonoma Valley posted on May 12th, 2012

The town of Sonoma has long had the most cachet in Sonoma County, although Healdsburg is coming fast. This sales report looks at the whole Valley of the Moon, including Glen Ellen and Kenwood as well as Sonoma town. There is a bit more sales volume here, but the sample size is somewhat small, while bigger than both Sebastopol and Healdsburg. Like the other towns, median sales prices can be impacted by outlier high end home and ranch sales, so beware of drawing too many conclusions. Bottom line, inventory is shrinking and sales are up. The chart below shows newly pending sales that have not yet closed. As of the end of April newly pending sales were at the highest level in Sonoma of any month in the last two years, exceeding even the normally higher summer months for new sales. Inventory is at only 2.6 months supply, very low considering that Sonoma has a big mix of some very high end homes and ranches factored in to these figures. This are may have the highest percentage rate of sales of properties over a million dollars in Sonoma County.

Sonoma Home Sales Report

posted by Pam Buda // Comments Off on Home Sales Report for the town of Sonoma and the Valley of the Moon