The Sonoma County real estate market is ending 2014 much as it began the year, with slightly lower sales, higher prices and a marked drop in the number of economically distressed properties that once comprised half of all transactions.
Sonoma County’s home sales continued to trend lower in October, but some agents are hoping that an autumn bump in new signed contracts will translate into completed holiday sales.
Sonoma County still leads the nation’s metropolitan areas for its rate of rental increases, with the average apartment this summer reaching $1,579 a month.
Sonoma County homeowners last summer entered the foreclosure process in the smallest numbers in nearly nine years. Lenders recorded 147 notices of default in the county in the third quarter, according to Irvine-based CoreLogic DataQuick. The notices, the first step in the official foreclosure process, were at their lowest number [...]
After lagging for most of the year, Sonoma County home sales jumped last month to the highest level for September in nine years.
Sonoma County home sales slowed in August to the lowest level in four years.
It took six years to get there, but Sonoma County’s median home price has climbed once more above a half million dollars.
Sonoma County home foreclosures fell in the first half of 2014 to their lowest level in eight years, dropping 50 percent from a year earlier.
Sonoma County’s housing market wrapped up the first half of the year by once more posting a drop in sales and a double-digit jump in prices.
Sales remained lackluster in April, as agents reported that lack of inventory has left many buyers frustrated.