As of November 6, 2008 only 14% of available listings in the beautiful wine country town of Sonoma are in escrow.
For the month of October 2008 28 homes sold in Sonoma for an average final selling price of $556,305.
The average original asking price of these homes was $675,569.
The range of final selling prices was from a low of $215,726 to a high of $1,710,000.
Of the 28 homes that sold 4 sold at their original asking price and 4 sold over their original asking price–12 of them were distress sales.
It took these 28 homes an average of 160 days to sell.
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Categories: Distress Sales, estates, home sales, homes for sale, luxury homes, Market Updates, Northern California, number of homes sold, Real Estate, San Francisco Bay Area, Uncategorized