Coldwell Banker Residential Brokerage, the largest real estate brokerage in Northern California, has acquired Coldwell Banker Coast and Country, an independent firm serving the Sonoma Coast.
Sonoma County started 2012 with the largest number of home sales in seven years, though strong demand isn’t yet translating into higher median prices. The county recorded 1,146 single-family home sales in the first quarter, according to The Press Democrat’s monthly housing report compiled by Pacific Union International Vice President Rick Laws. That includes 458 sold in March.
Sonoma County’s median home price dipped to its lowest level in over two and a half years in October as investors scooped up large numbers of financially distressed properties.
Sonoma County home sales slowed in September in keeping with the traditional close of the summer buying season. Buyers purchased 380 single-family homes last month, down 19 percent from August, according to The Press Democrat monthly housing report compiled by Coldwell Banker manager Rick Laws. September sales were down only 2 percent from a year earlier.
Sonoma County home sales rose last month to their highest level in nearly three years, as more owners who still had equity in their houses agreed to sell. In the last three years, these so-called “equity” sales have become a larger part of the county housing market, even as the number of foreclosures has significantly declined, according to The Press Democrat monthly housing report compiled by Coldwell Banker manager Rick Laws.
Sonoma County home sales took a seasonal jump in June, but the median price fell and the deals were concentrated in the starter-home segment.