Repeat After Me... Price Reduced!!!

Sonoma Valley
Properties sold for the month of February 2006 = 25
Properties sold for the month of February 2005 = 43

MLS Listings (GMAC MLS)
$950,000 and under = 160
Over $950,000 = 60

55 houses are listed as under contract, but take a look at the number of houses that sold for February. Only 25. We will see how many of these under contract fall out of that stage.

Total MLS listings: 220

2/24/06 = 193 listings
2/25/06 = 200 listings
2/27/06 = 214 listings

New listings are averaging about 1 new listing per day.

50 properties w/price reductions
3/4/06

792 AUSTIN AVE, Sonoma, CA 95476
Price Reduced: 02/14/06 -- $910,000 to $889,000
Price Reduced: 03/03/06 -- $889,000 to $859,000
Days on Market: 39
Total Reduction: $51,000 about 5.6%

18423 RIVERSIDE DR, Sonoma, CA 95476
Price Reduced: 02/18/06 -- $650,000 to $575,000
Days on Market: 43
Total Reduction: $75,000 or about 11.5%

222 & 226 W SPAIN ST, Sonoma, CA 95476
Price Reduced: 02/10/06 -- $2,275,000 to $1,975,000
Days on Market: 43
Total Reduction: 300k round about 13%

193 GUADALUPE DR, Sonoma, CA 95476
Price Reduced: 02/07/06 -- $629,000 to $619,000
Days on Market: 55
Total Reduction: 10k round about... don't make me laugh

111 W MACARTHUR ST, Sonoma, CA 95476
Price Reduced: 01/18/06 -- $450,000 to $430,000
Price Reduced: 02/13/06 -- $430,000 to $410,000
Days on Market: 59
Total Reduction: 40k round about still less than 10%

18817 RAILROAD AVE, Sonoma, CA 95476
Price Reduced: 01/19/06 -- $649,000 to $644,500
Price Reduced: 02/01/06 -- $644,500 to $639,500
Days on Market: 60
Total Reduction: 9,500k round about... couldn't even spring for the full 10k reduction huh?

731 5TH ST E, Sonoma, CA 95476
Price Reduced: 01/03/06 -- $875,000 to $849,950
Price Reduced: 01/09/06 -- $849,950 to $849,444
Price Reduced: 02/01/06 -- $849,444 to $799,444
Price Reduced: 02/26/06 -- $799,444 to $789,000
Days on Market: 68
Total Reduction: 86k about 9.83% he is really trying to keep it under a 10% reduction now isn’t he?

609 ROSS CT, Sonoma, CA 95476
Price Reduced: 01/06/06 -- $849,950 to $829,950
Price Reduced: 01/17/06 -- $829,950 to $799,950
Days on Market: 81
Total Reduction: 50k round about 6%

17660 17662 MIDDLEFIELD RD, Sonoma, CA 95476
Price Reduced: 02/02/06 -- $1,140,000 to $1,095,000
Days on Market: 81
Total Reduction: 45k round about... why bother?

304 DECHENE AVE, Sonoma, CA 95476
Price Reduced: 01/26/06 -- $659,000 to $639,000
Days on Market: 88
Total Reduction: 20k round about... that don't impress me much

18585 MANZANITA RD, Sonoma, CA 95476
Price Reduced: 12/20/05 -- $740,000 to $729,000
Price Reduced: 02/07/06 -- $729,000 to $699,000
Days on Market 91
Total Reduction: 41k round about .... pppfffftttt

1385 BAINBRIDGE LN, Sonoma, CA 95476
Price Reduced: 12/13/05 -- $710,000 to $675,000
Price Reduced: 01/03/06 -- $675,000 to $670,000
Price Reduced: 02/09/06 -- $670,000 to $669,000
Price Reduced: 03/01/06 -- $669,000 to $665,000
Days on Market: 103
Total Reduction: 45k around 6.34%. ..he went from reducing by 5.8% to about 6.34% did his interest rate go from 5.8% to 6.34%?

18015 HARVARD CT, Sonoma, CA 95476
Price Reduced: 02/04/06 -- $775,000 to $750,000
Days on Market: 107
Total Reduction: 25k priced to sell, I tell you. Better hurry up or be priced out forever.

535 MITCHELL WAY, Sonoma, CA 95476
Price Reduced: 01/16/06 -- $799,000 to $775,000
Price Reduced: 01/26/06 -- $775,000 to $750,000
Days on Market: 108
Total Reduction: 49k come on... would the full 50k kill you?

919 1ST ST W, Sonoma, CA 95476
Price Reduced: 02/01/06 -- $415,000 to $405,000
Price Reduced: 02/25/06 -- $405,000 to $395,000
Days on Market: 112
First Reduction: 10k Oh Puuhhleeaassee!
Second Reduction: 10k someone is catching on but not too quickly it seems 112 days and counting…

910 ARGUELLO CT, Sonoma, CA 95476
Price Reduced: 01/06/06 -- $649,500 to $629,500
Days on Market: 115
Total Reduction: 20k about 3%

920 5TH ST #M, Sonoma, CA 95476
Price Reduced: 11/16/05 -- $425,000 to $389,000
Price Reduced: 01/16/06 -- $389,000 to $373,000
Days on Market: 123
Total Reduction: 52k round about 12%

215 DEPOT RD, Sonoma, CA 95476
Price Reduced: 01/10/06 -- $565,000 to $525,000
Days on Market: 124 still there
Total Reduction: 40k right around 7%

16880 ESTRELLA DR, Sonoma, CA 95476
Price Reduced: 02/02/06 -- $997,000 to $950,000
Days on Market: 129
Total Reduction: 47k round about 4.7%...really is the 5% too much to give back?

17930 SPRING ST, Sonoma, CA 95476
Price Reduced: 12/08/05 -- $499,000 to $484,000
Days on Market: 136
Total Reduction: 15k that was hardly worth the time it took to re-enter it in MLS
This bargain on Spring st. is the YOU WILL BE SURPRISED house featured on the "Buy the House, Get the Iron Maiden Free" thread. I wonder if the seller is surprised that the cracker jack box of a house hasn't sold?

16737 SONOMA, Sonoma, CA 95476
Price Reduced: 11/29/05 -- $635,000 to $599,000
Days on Market: 136
Total Reduction: 36k somewhere near 5.8%

832 2ND ST W, Sonoma, CA 95476
Price Reduced: 11/15/05 -- $545,000 to $525,000
Price Reduced: 01/13/06 -- $525,000 to $510,000
Days on Market: 136
Total Reduction: 35k in the ballpark of 6.5%

600 OMAN SPRINGS CIR, Sonoma, CA 95476
Price Reduced: 11/08/05 -- $669,000 to $654,000
Price Reduced: 11/16/05 -- $654,000 to $639,000
Price Reduced: 01/09/06 -- $639,000 to $619,000
Days on Market: 138
Total Reduction: 50k in the neighborhood of 7.5%

846 848 3RD ST, Sonoma, CA 95476
Price Reduced: 11/18/05 -- $897,000 to $875,000
Price Reduced: 01/17/06 -- $875,000 to $850,
Days on Market: 138
Total Reduction: 47k round about: 5.3%

19177 ARNOLD DR, Sonoma, CA 95476
Price Reduced: 12/05/05 -- $625,000 to $599,999
Price Reduced: 02/15/06 -- $599,999 to $589,000
Days on Market: 140
First Reduction: 26k round about: who gives a rat's ass?
Second Reduction: 10k not really the kind of hustle we like to see when the house has been sitting for 140 days.

17313 PARK AVE, Sonoma, CA 95476
Price Reduced: 01/31/06 -- $599,999 to $589,999
Days on Market: 143
They relisted it on 2/16/06 trying to make it look like it has only been on the market 16 days
Total Reduction: 10k ... give you 3 guesses why this baby ain't movin'?!?!?

162 W AGUA CALIENTE RD, Sonoma, CA 95476
Price Reduced: 01/09/06 -- $368,000 to $364,900
Price Reduced: 02/21/06 -- $364,900 to $359,900
Days on Market: 148
First Reduction: round about 3k... baahahahahahahaha!
Second Reduction: 5k oh my flipping gawd! This one has to win the HUA award. He SO doesn’t get it. Times are a changin’! Personally, you couldn’t pay me to live in this crappy condo in little Tijuana.

842 W 2ND ST, Sonoma, CA 95476
Price Reduced: 12/06/05 -- $549,000 to $539,000
Days on Market: 151
Total Reduction: 10k let me get my bullhorn...
"Dear Seller, 2% is NOT going to do it!”

49 S TEMELEC CIR, Sonoma, CA 95476
Price Reduced: 01/19/06 -- $589,000 to $569,000
Price Reduced: 02/08/06 -- $569,000 to $549,000
Days on Market: 157
Total Reduction: 40k round about: not much

399 DAHLIA DR, Sonoma, CA 95476
Price Reduced: 01/31/06 -- $545,000 to $539,000
Days on Market: 158
Total Reduction: 6k round about: YAWN

17178 SONOMA HWY, Sonoma, CA 95476
Price Reduced: 12/02/05 -- $385,000 to $375,000
Price Reduced: 01/06/06 -- $375,000 to $329,000
Days on Market: 166
Total Reduction: 56k round about: 14.5%

980 RACHAEL RD, Sonoma, CA 95476
Price Reduced: 11/22/05 -- $2,495,000 to $2,375,000
Price Reduced: 01/16/06 -- $2,375,000 to $2,345,000
Price Reduced: 03/03/06 -- $2,345,000 to $2,250,000
Days on Market: 171
Total Reduction: 245k But are you getting any offers?

511 BAINES AVE, Sonoma, CA 95476
Price Reduced: 11/11/05 -- $535,000 to $510,000
Price Reduced: 11/30/05 -- $510,000 to $495,000
Price Reduced: 01/12/06 -- $495,000 to $479,500
Price Reduced: 02/23/06 -- $479,500 to $450,000
Days on Market: 175
Total Reduction: 85k wow, take it down another 85k and we will be in business. This is the kind of hustle on price we like to see. Though maybe another 3 or 4 months on the market will allow the reality to sink in…

12 WOODWORTH LN, Sonoma, CA 95476
Price Reduced: 02/10/06 -- $399,000 to $379,000
Days on Market: 178
Total Reduction: 20k round about: 5%

107 PINE AVE, Sonoma, CA 95476
Price Reduced: 02/06/06 -- $479,000 to $469,000
Days on Market: 200
Total Reduction: 10k round about: who cares?

13400 SADDLE RD, Glen Ellen, CA
Price Reduced: 12/19/05 -- $1,149,000 to $1,049,000
Days on Market: 220
Total Reduction: 100k seems to be the magic number on million plus property

17135 SONOMA HWY, Sonoma, CA 95476
Price Reduced: 01/05/06 -- $629,000 to $600,000
Price Reduced: 02/24/06 -- $600,000 to $599,000
Days on Market: 220
First Reduction: 29k round about: negligible
Second Reduction: 1k… wait… did you read this? This seller reduced his price by a whopping $1,000. bwahahahahahahahahahaaha! This one gets the Who Gives a Rat’s Ass? award!!!! Ding Ding Ding… we have a winner!

13432 ARNOLD DR, Glen Ellen, CA
Price Reduced: 01/13/06 -- $849,000 to $799,000
Days on Market: 221
Total Reduction: 50k round about 5.9%

290 SERRES DR, Sonoma, CA 95476
Price Reduced: 01/03/06 -- $1,650,000 to $1,595,000
Days on Market: 276
Total Reduction: 55k round about a blip

1901 FREMONT DR, Sonoma, CA 95476
Price Reduced: 02/02/06 -- $2,950,000 to $2,650,000
Days on Market: 283
Total Reduction: 300k close to 10.1%

16743 SONOMA HWY, Sonoma, CA 95476
Price Reduced: 11/29/05 -- $635,000 to $599,000
Days on Market: 501
Total Reduction: 36k round about barely noticed

39 TEMELEC CIR, Sonoma, CA 95476
Price Reduced: 02/22/06 -- $505,000 to $499,900
Days on Market: 33
Total Reduction: 5,100k - nothing to do but shake your head and move along...

222 BOYES BLVD, Sonoma, CA 95476
Price Reduced: 02/21/06 -- $499,900 to $485,000
Days on Market: 57
Total Reduction: 14,900k round about barely 3%
This house is on the main drag of Boyes Hot Springs and apparently the seller thinks it is only overpriced by 3% (bahahahaha!)

174 W. Agua Caliente rd., Sonoma, CA 95476
Price Reduced: 3/01/06 $329,000 to $325,000
Days on Market: 26
Total Reduction: $4,000 ummm… nothing to see here, move along, eyes front, eyes front.

470 BERNICE LN, Sonoma, CA 95476
Price Reduced: 03/02/06 -- $409,500 to $399,000
Days on Market: 35
Total Reduction: 10.5k not worth doing the math to find the %

18255 BARRETT AVE, Sonoma, CA 95476
Price Reduced: 03/03/06 -- $469,000 to $439,000
Days on Market: 44
Total Reduction: 30k if you saw this place… geez… I wouldn’t think it was a good deal if it was marked down 100k sheesh.

508 BOKMAN PL, Sonoma, CA 95476
Price Reduced: 03/01/06 -- $640,000 to $634,000
Days on Market: 107
Total Reduction: 6k
Again… with the laughter. This baby has been on the market 107 days, and not to revert to being a 10 year old…but big whoop!

18440 LUCAS AVE, Sonoma, CA 95476
Price Reduced: 02/28/06 -- $515,000 to $499,999
Days on Market: 158
Total Reduction: $15,001 you know, this one seems to match the price and listing of a foreclosure on foreclosure.com and on realtytrac.com hmmm I wonder how much they paid for this tiny little shoebox in the first place? Looks like someone is in the hole now.

5767 SONOMA MOUNTAIN RD, Sonoma, CA 95442
Price Reduced: 02/24/06 -- $1,600,000 to $1,500,000
Days on Market: 159
Total Reduction: the magical $100k increment

20715 E 5TH ST, Sonoma, CA 95476
Price Reduced: 03/03/06 -- $2,350,000 to $2,295,000
Days on Market: 301
Total Reduction: only 55k how disappointing. Apparently they don’t know about that magical 100k increment for million dollar properties.

715 BOYES BLVD, Sonoma, CA 95476
Price Reduced: 11/14/05 -- $879,000 to $849,000
Price Reduced: 02/08/06 -- $849,000 to $799,000
Days on Market: 181
Total Reduction: 80k round about 9.1% (this one is no longer listed on ziprealty, but it is listed on GMAC MLS without the price reduction)


Previous Price Reduced Properties No longer listed

18677 MELODY LN, Sonoma, CA 95476
Price Reduced: 02/06/06 -- $649,000 to $629,000
Days on Market: 75
Total Reduction: 20k wooohooo... can I get a "Hell Ya!!" for round about 3% ?
not listed on ziprealty.com, but IS listed on GMAC as under contract

140 ENCINAS LN, Sonoma, CA 95476
Price Reduced: 11/30/05 -- $510,000 to $500,000
Price Reduced: 01/30/06 -- $500,000 to $495,000
Days on Market: 160
Total Reduction: 15k round about: squat
Listed as under contract on GMAC MLS

18395 BARRETT AVE, Sonoma, CA 95476
Price Reduced: 01/30/06 -- $579,000 to $569,900
Days on Market: 190
Total Reduction: 10k round about 1.74% (who came up with that lame number?)
Listed as Under Contract on GMAC MLS

17023 SUMMER MEADOW LN, Sonoma, CA 95476
Price Reduced: 11/14/05 -- $1,249,000 to $1,149,000
Days on Market: 165
Total Reduction: 100k right close to 8%
MLS message: The property you were looking for has either been sold or removed from the market

17333 MALEK LN, Sonoma, CA 95476
Price Reduced: 02/20/06 -- $549,000 to $544,000
Days on Market: 173
Total Reduction: 5k round about: You have GOT to be kidding me!
MLS message: The property you were looking for has either been sold or removed from the market

4611 WARM SPRINGS RD, Glen Ellen, CA
Price Reduced: 01/04/06 -- $699,000 to $629,000
Days on Market: 151
Total Reduction: 70k round about 10%
MLS message: The property you were looking for has either been sold or removed from the market

1343 E NAPA ST, Sonoma, CA 95476
Price Reduced: 01/17/06 -- $1,368,000 to $1,295,000
Price Reduced: 02/13/06 -- $1,295,000 to $1,268,000
Days on Market: 94
Total Reduction: 100k That's nuthin' I bet Bill Gates has this between his couch cushions
MLS message: The property you were looking for has either been sold or removed from the market

970 GLENWOOD DR, Sonoma, CA 95476
Price Reduced: 01/10/06 -- $679,000 to $665,000
Days on Market: 89
Total Reduction: a great big fat 14k
MLS message: The property you were looking for has either been sold or removed from the market

1365 DAWN HILL RD, Glen Ellen, CA
Price Reduced: 12/11/05 -- $1,400,000 to $1,198,000
Days on Market: 104
Total Reduction: 202k round about 14.5%
MLS message: The property you were looking for has either been sold or removed from the market

Interestingly enough someone visited this blog site in the past 48 hours by doing a search engine query using this house address for 1365 Dawn Hill Rd.

435 JACEY ST, Sonoma, CA 95476
Price Reduced: 01/26/06 -- $599,950 to $589,950
Price Reduced: 02/16/06 -- $589,950 to $559,950
Days on Market: 45
Total Reduction: 40k round about not even 10%
MLS message: The property you were looking for has either been sold or removed from the market


Sonoma Properties Sold Week Ending 3/5/06

18001 Harvard Court, 3 bdrms, 1908 sq. ft., 1987

Price Sold: $685,000

17390 Keaton Avenue

Price Sold: $739,000

17345 Park Avenue, 2 bdrms, 830 sq. ft., 1920

Price Sold: $520,000

Listed price was $511,000

749 Solano Avenue, 3 bdrms, 1308 sq. ft., 1993

Price Sold: $580,000