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While the median price has dropped slightly, home sales increased in the North Bay in July from a year before.

Marin County and Napa County sales increased by 15.5% from July of last year, but the median price decreased by 3.6% in Marin County and 4.6% in Napa County.

In comparison, homes sales in the Bay Area were the lowest since 2011.  Sales have fallen on a year-over-year basis for the last 12 months.  For the Bay Area, the 4% decline in median price reflects a modest dip in home prices and a change in market mix, reflected in all 9 Bay Area counties.

Sonoma County saw the smallest jump in sales and the least decrease in median home price. Sales volume was up 7.4% from the previous July, while the median price was down only 2.2%.

Filed under: Blog, For Buyers, For Sellers, General Information, Regional News, Santa Rosa, Uncategorized by lisasheppard
Comments Off on Sonoma, Marin & Napa County Home Prices Decrease in July

The median price of a home in Sonoma County recently increased to $705,000, up from the previous record of $689,00.  This is great news for existing homeowners as many have seen the value of their home appreciate steadily over the last few years.  However, it poses challenges for those looking to break into the housing market.

Over the last nine years, home prices have increased by 131%, from a low of $305,000 in 2009 to $600,000 in June 2016 and now to $705,000 in June 2018.

As more fire victims rebuild and more new housing construction projects become available, there is hope that the housing market will stabilize and prices will level out.

Filed under: For Buyers, For Sellers, General Information, Santa Rosa, Uncategorized by lisasheppard
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