SONOMA COUNTY REAL ESTATE REPORT

Transcription

1 JANUARY 2016 SONOMA COUNTY REAL ESTATE REPORT PROVIDED BY VANGUARD PROPERTIES SONO M A COUNT Y M ARK E T REC AP 2015 was ne f he srnges years n recrd fr real esae he. Snma Cuny remains mre affrdable han San Francisc and ms f he Peninsula, and buys frm hse areas are aking ne. They are realizing ha hey can ge mre fr heir mney he, alng wih be schls and he ppruniy live in paradise. The range and variey f Snma Cuny prpies, plus he imprvemens f Highway 101, he SMART rain, and h ransprain pins undway are enicing hme buys wih paience and visin. SINGLE FA MILY HO ME S In 2015, real esae agens sld 4,796 single-family hmes (SFH) in Snma Cuny, aling mre han $3.1 billin. The avage median single-family hme price rse 9.3% $529,000 frm 2014 s median price f $484,000. $1.2M MEDIAN SFH PRICE BY A R E A all 2014 all 2015 $1.0M $800K $600K $400K 200K 0 ay ab g de B le da v Cl i a C rg bu s d al He ma alu Pe hn R rk Pa Riv n ia ss Ru Sa a s ar n l p s ba Se ma n S W r s ind

2 SONOMA COUNTY REAL ESTATE REPORT PG. 2 SINGLE FAMILY HOMES Many cmmuniies in he cuny saw duble digi increases in single-family hme prices in Healdsburg pped he lis wih a 26.6% ne-year gain, fllwed by Clvdale, Snma, Sebaspl, Bdega Bay, Cai, and Windsr Median Price 2014 Median Price % Change All Snma Cuny $529,000 $484, % Bdega Bay $768,000 $675, % Clvdale $434,500 $365, % Cai $540,000 $481, % Healdsburg $800,000 $632, % Pealuma $577,950 $549, % Rhn Park $470,000 $425, % Russian Riv $371,000 $355, % Sana Rsa $488,000 $446, % Sebaspl $740,000 $640, % Snma $687,580 $590, % Windsr $535,000 $475, % The ms expensive single-family hme sld in 2015 was $11.5 millin fr a 42-acre winy esae in Snma. The leas expensive single-family hme was $70,000 fr a hme in exreme disrepair n a 5-acre l in Geysville.

3 SONOMA COUNTY REAL ESTATE REPORT PG. 3 CONDOMINIUMS 676 cndminiums we sld in he cuny wih an avage median price f $295,000, cmpared 2014 s median price f $265,000 an increase f 11.3%. $1.2M MEDIAN CONDOMINIUM PRICE BY AREA all 2014 all 2015 $1.0M $800K $600K $400K 200K 0 n/a Bdega Bay Clvdale Cai Healdsburg Pealuma Rhn Park n/a Russian Riv Sana Rsa Sebaspl Snma Windsr Fr cndminium sales in 2015, Windsr led he way wih a whpping 37% ne-year increase in median sales price. Ms areas saw an increase beween 9% and 18%. Median cndminium prices dipped nly slighly in Clvdale Median Price 2014 Median Price % Change All Snma Cuny $295,000 $265, % Clvdale $240,000 $250, % Cai $283,500 $260, % Healdsburg $376,750 $336, % Pealuma $394,500 $345, % Rhn Park $275,000 $248, % Sana Rsa $295,000 $250, % Sebaspl $354,000 $316, % Snma $405,500 $382, % Windsr $410,000 $299, % The highes priced cndminium sld was $773,000 fr a 3-Bd/2-Bah cndminium in he hisric Chauve Building in dwnwn Glen Ellen. The lwes cndminium sale was $130,000 in nrhwes Sana Rsa.

4 SONOMA COUNTY REAL ESTATE REPORT PG. 4 SONOMA COUNTY LUXURY MARKET 47 luxury hmes sld in 2015 fr beween $2.5 millin and $11.5 millin. The are currenly 40 hmes n he marke in he $2.5 millin $10 millin range in Snma Cuny IN REVIEW I s n secre ha he Snma Cuny real esae marke (and ms markes in he Bay Area) have been affeced by lw supply and heavy demand creaing high prices, few days spen n he marke, and frequen bidding wars. Cnvsely, sells need be realisic abu price. Yes i s a gd marke, bu ha desn mean a huse is wrh $200,000 mre han he marke cmparables. Buys are savvy; hey lk a he same cmparables ha realrs lk a demine price, and wn pay mre han a hme is wrh culd be called he year f he deal. Once in cnrac, buys and sells cninued negiains. A leas a hird f ur ransacins invlved sme kind f sell cncessins r fixes befre he buys wuld agree mve frward. This kind f friendly cmprmise resuled in happy buys and happy sells hrughu he year. ECONOMY & INTEREST RATES Mrgage raes in 2015 avaged 3.85%. In Decemb 2015, he Feds raised ines raes fr he firs ime since Hwev, because mrgage raes had been a a hisric lw, his rise shuld sill be manageable fr buys. Increases in lng-m raes in 2016 are expeced be mdes.

5 SONOMA COUNTY REAL ESTATE REPORT PG. 5 WHAT S AHEAD The year ahead will be an exciing ne. A srenghening nainal ecnmy, seadfas grwh in he ech secr, and limied new cnsrucin are cnriburs 2015 s bming real esae pfrmance. The big news in real esae fr 2016, accrding he Nainal Assciain f Realrs, is ha hme prices will msly sabilize, rising slighly, bu n by he dramaic amuns we ve seen in he recen pas maybe 4% r s nainally (abu 6% fr he sae). Invenry will remain igh, s align yurself wih a gd real esae agen wh will keep yu aware as he newes lisings cme n he marke. Innvain in echnlgy will cninue in real esae and Vanguard is nce again aking he lead. If yu re searching fr a hme, me and I can prvide yu wih a pwful l a n charge yu ha helps yu navigae he search prcess wih inuiive ease. I am als happy d he search fr yu! If he s a hme u he be fund, I m n i. Addiinally, if yu are lking sell yur hme fr he highes pssible price, I can help he as well. Ask me abu my unique apprach helping my cliens buy and sell heir hmes in he ms effecive way pssible.