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A Press Democrat Blog

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 »

Those improperly harmed by foreclosures now can request independent reviews

People who lost their homes through foreclosure may ask for a federal review and may be eligible for compensation for financial injury under a new program announced Tuesday in Washington by the Office of the Comptroller of the Currency.… Read More »

Sonoma County home sales rise due to jump in “equity” properties

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.… Read More »

Nine of 10 June sales were distressed properties in Lake County

Distressed sales made up 86 percent of all houses sold in Lake County in June, according to the California Association of Realtors. That rate was up from 62 percent a year earlier and was the highest rate among among 21 select counties surveyed.… 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 »