Home sales rise, prices drop in June
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.
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.
May home sales dropped to their lowest level in Sonoma County in four years, due primarily to a decrease in the sale of financially distressed properties. The county recorded 360 single-family homes sold last month, according to The Press Democrat monthly housing report compiled by Coldwell Banker manager Rick Laws. [...]
April home sales fell to the lowest mark for Sonoma County in three years. Sales dropped 9 percent from last year to 349 single-family homes. The median home price rose almost 5 percent to $329,460.
Sonoma County home values have hit a new low, down almost 10 percent in March from a year earlier, according to estimates released Monday by real estate website Zillow.com. But several local agents expressed strong skepticism about the website's estimates. What do you think. How accurate are Zillow's home value estimates?
March home sales reached their highest level in Sonoma County in five years, but the median price continued to slide and is back near its lowest point since the housing market crashed almost four years ago. Buyers purchased 399 single-family homes last month, an increase of more than 90 homes [...]