Sonoma Housing Bubble

Pulling the cork out of Sonoma's bubbly housing foolishness

Wednesday, April 19, 2006

Inventory Stats 4/19/06


Sonoma County MLS: 2828
(Bareis MLS)

Price Reduced: 564
(zip realty)

Sonoma County sample listings progression
3/20/06 = 1742
3/26/06 = 1766
4/03/06 = 1888
4/19/06 = 2828


Sonoma Valley MLS: 291
(GMAC)

Price Reduced: 66
(ziprealty.com)

Sonoma Valley listing progression
2/14/06 = 172
2/14/06 = 183
2/24/06 = 193
2/25/06 = 200
2/27/06 = 214
3/01/06 = 219
3/04/06 = 220
3/12/06 = 230
3/20/06 = 236
3/26/06 = 238
4/03/06 = 268
4/19/06 = 291

(Sonoma Valley)
Recently Sold: 3
Sunday, April 16, 2006

455 Dahlia Drive
$630,000, 2 bdrms, 1532 sq. ft., 1986

18677 Melody Lane
$624,500, 4 bdrms, 2178 sq. ft., 1984

130 Park Lane
$565,000, 2 bdrms, 1587 sq. ft., 1974

Sunday, April 17, 2005
Sold: 8


Recently Sold: 7
Sunday, April 9, 2006

139 Avenida Barbera
$575,000, 2 bdrms, 1752 sq. ft., 1981

370 Brockman Lane
$1,116,000

650 Cherry Avenue
$712,000, 2 bdrms, 877 sq. ft., 1920

691 Crocus Drive
$582,000, 2 bdrms, 1532 sq. ft., 1988

20715 Flint Court
$660,000, 2 bdrms, 1376 sq. ft., 1974

728 Lasuen Street
$651,000, 3 bdrms, 1683 sq. ft., 1973

107 Temelec Circle
$500,000, 2 bdrms, 1008 sq. ft., 1965

Sunday, April 10, 2005
Sold: 10


Phil Schaefer, president of the Pacific West Association of Realtors, said:

“When you see homes on the market for 90 days for the same price, that shows me there is an unrealistic seller."

"If they don’t get an offer within 30 days, it’s time to lower the asking price, he said."

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