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Real Sonoma

News and conversation about Sonoma County real estate

Bay Area home prices drop in Oct. to $350,000

The Bay Area’s median home price slid 4 percent in October amid what analysts described as lackluster sales activity.
The median price for all houses and condos dropped to $350,000 from $365,000 in September, according to real estate information service DataQuick of San Diego. The price was the lowest in eight months and down nearly 9 percent from a year ago.… Read More »

Bay Area home sales climb 15 percent last month

June home sales and prices exceeded May’s results in the Bay Area, but still remained below the level set last year. Buyers last month purchased 7,998 new and resale houses and condos last month in the nine-county Bay Area, according to San Diego-based DataQuick. That was up nearly 15 percent from May but down almost 5 percent from June 2010, when federal tax credits had boosted sales. The median price climbed 1.5 percent from May to $377,750. That was still… Read More »

Bay Area Home Sales fall to second-lowest level in two decades

Bay Area home sales fell in October to their second-lowest level in two decades, a result blamed largely on concerns about jobs and the economy. The nine-county region last month recorded the sale of 6,122 new and existing homes and condominiums, according to MDA DataQuick of San Diego. The total was down 23 percent from October 2009. In the last 22 years, only 2007 had an October with lower results, with 5,486 homes sold. The trend was similar in Sonoma… Read More »

“Long, Bleak Winter” Ahead as More U.S. Homeowners Go Underwater

The bad news is that more U.S. homeowners went underwater in the third quarter. The slightly better news is that the San Francisco market, and presumably Sonoma County, bucked that trend. Zillow.com reports last quarter 23.2 percent of all home mortgage holders owed their lenders more than their homes were worth. That compares with 22.5 percent in the second quarter and 21.7 percent a year ago. Zillow Chief Economist Stan Humphries predicted “a long, bleak winter of continued troubles for… Read More »