Sonoma Valley Trends

The inventory of homes and condominiums for sale (149) in the Sonoma Valley (Sonoma, Glen Ellen and Kenwood) at the end of January was 10% below that for January, 2009 (166). It was 13% higher than that of last month (132) indicating a rising trend going into the spring. There were 30 new sales for the month which is pretty consistent with the sales pace over the past twelve months.

The median sales price for the 33 homes that closed in December was $428,000 22% higher than the median price of $350,000 a year ago and well ahead of the lowest median price ($313,000) set for the year in April of 2009. There were 24 closings in the Sonoma Valley in January and our Sonoma Valley offices closed 30 units. We obviously handled some outside of the Valley, but it seems we got a good share of the Valley closings for the month.

Please contact us for additional information and copies of the complete TrendGraphix reports.