Sonoma Q1 Update


Sonoma Q1 Update

Looking through the raw data, there’s a lot to take in. In terms of the number of homes sold, Cloverdale saw the largest jump when comparing February ‘17 and February ‘18 with a 144% change from 3 to 11. However, when comparing Q1 2017 to Q1 2018, Bodega Bay tops Cloverdale (144%) with a 217% spike in homes sold. Other cities like Cotati and Forestville saw their quarterly totals rise significantly, while Petaluma saw the largest drop in homes sold (32%) from 139 to 94.

4522 BENNETT VALLEY ROAD

With the median days on market decreasing by 31% in Sonoma when comparing February year-over-year, homes in cities like Cloverdale, Cotati, Geyserville, Jenner, Occidental, and Sebastopol all saw a drop of 50% or greater. While homes in Cazadero and Guerneville saw increases of 83% and 84% respectively in February, both cities numbers are down when comparing Q1 2017 to Q1 2018, with Cazadero seeing a 24% decrease and Guerneville seeing a 34% decrease.

1980 GRAVENSTEIN HIGHWAY

The median price of homes in Geyserville skyrocketed in February ‘18, marking a 114% increase from February ‘17 from an average of $864,500 to $1,850,000. Cazadero (87%) and Forestville (80%) saw similar bumps in February, but when comparing Q1 2017 to Q1 2018, their changes are a lot less significant, with Cazadero even seeing a 9% decrease in price from $456,325 to $417,500. And while Kenwood saw a quarterly dip in the number of homes sold in 2018, the city also saw a massive spike in median price, going up 79% from $1,170,000 to $2,091,490.

5925 CHEMISE ROAD

Interestingly enough, Sonoma’s percentage change in February almost directly mirrors the percentage change between quarters. The number of homes sold went up 6% in February and up 4% during the quarter. The median days on market dropped 31% in February and dropped 29% during the quarter. While homes are selling at a faster rate, they are also increasing in sale price; the median price went up 12% in February and up 11% during the quarter.

Here’s some Sonoma listings to consider:
 

26845 WILLOW TERRACE

34111 PINE MOUNTAIN ROAD

18182 FITZPATRICK LANE

5925 CHEMISE ROAD

1150 TZABACO CREEK ROAD

1980 GRAVENSTEIN HIGHWAY

701 HIDDEN ACRES ROAD

4522 BENNETT VALLEY ROAD

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