Sonoma Housing Bubble

Pulling the cork out of Sonoma's bubbly housing foolishness

Monday, August 07, 2006

Sunday in the Neighborhood...

O.K., so we were not in MY neighborhood... but we were in Beverly Hills and thought for laughs we'd get a few bubbley pictures. Tinkerbell may in fact nest in the trees here in the promised land, where real estate prices don't approach reality even when they hit rock bottom for this place... but there is still activity that looks just like home. Enjoy. Have a little chuckle.


At 8/07/2006 11:54:00 AM , Blogger M.S.A. said...

Monday morning report-
July 05 Santa Rosa home sales-469
July 06 Santa Rosa home sales-311
yoy 33% decrease
July 05 Santa Rosa median $550000
July 06 Santa Rosa median $560000
yoy .55% increase
The first week of August looks much more grim,Santa Rosa median price $530000 =yoy 5.4% decline

At 8/07/2006 12:05:00 PM , Blogger M.S.A. said...

One week in August is a week indicator,but the trend has undeniably changed. I feel sorry for all the stragglers that are still buying these overpriced homes. Sonoma county is nice,but come on. Athena at what point do you think the SR Press Democrat will have to start reporting these painful numbers, and get analysis from objective experts, not realtwhores with market beer goggles.

At 8/07/2006 12:11:00 PM , Blogger M.S.A. said...


At 8/07/2006 12:30:00 PM , Blogger Athena said...!!!!! bwahahahaha!!!! I love it! :-D

Hey Househoser! Welcome and thank you! What will it take for the PD to get a clue? Us posting the accurate data... And people expressing a vote of no confidence in their business as usual advertising sponsored on the take kind of pr service they call news reporting.

Trying to get back in the swing of things now, and could use all the help I can get. Keep the info coming!


At 8/07/2006 12:36:00 PM , Blogger marin_explorer said...

July 05 Santa Rosa home sales-469
July 06 Santa Rosa home sales-311
yoy 33% decrease

Wow, and where are listings at YoY?
If memory serves me right, SR SF inventory is about double from last August--correct?

At 8/07/2006 04:00:00 PM , Anonymous tom stone said...

thanks hoser,i tried calling michael coit a few months ago,and related the experience on this blog.they will change their tune when coldwell banker does,since rick laws of coldwell banker writes the monthly report,and no one at the pd bothers to check facts.the market is dead in the midrange,high and low are selling some,which accounts for the high median price at this stage.people i overhear at the grocery are talking about the bad market...

At 8/07/2006 05:47:00 PM , Blogger sf jack said...

"market beer goggles"

Hilarious! I'll have to remember that one.

Athena - you're doing great work here. I missed your regular posting.

Also, those BH pictures remind me that I saw a similar frequency of "For Sale" signs in Mill Valley over the weekend... (sad, I know, but that's about as close as I get to Sonoma these days).


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