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Real Sonoma

News and conversation about Sonoma County real estate

Lowest May level in four years for Sonoma County’s home sales

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. That was the lowest level since May 2007 when 343 homes were sold. The latest numbers were down 13 percent from May 2010 but up 1 percent from April. In… Read More »

January home sales slow, but new deals jump

Sonoma County homes sales slowed in typical fashion in January, but the number of deals made last month jumped to the third-highest level in more than two years. Buyer and sellers signed 464 purchase contracts for single-family homes last month, according to The Press Democrat’s monthly housing report compiled by Coldwell Banker manager Rick Laws. Seventy-percent of those contracts involved foreclosures or short-sales, the highest rate in two years. Short sales involve transactions where the price is less than the… Read More »

Bay Area home sales fall 20 percent in September

Bay Area home sales fell in September to their second-lowest level in 19 years. The nine-county region reported the sale of 6,334 new and resale houses and condominiums last month, down 20 percent from September 2009, according to MDA DataQuick of San Diego. In nearly two decades, the lowest total for September occurred in 2007 with the sale of 5,014 homes. For Sonoma County, sales of homes and condos were down 7 percent in September from a year earlier. Six… Read More »

State homes sales to remain sluggish in 2011

California home sales will stay sluggish next year as the market continues to struggle with a weak economy and large numbers of distressed properties. Home sales will climb a mere 2 percent in 2011 after a projected drop of 10 percent this year, the California Association of Realtors forecast Monday. The median price also is expected to rise 2 percent next year to $312,500. In many geographical areas around the state, prices have increased from the lows of 2009, the… Read More »