As of January 13, 2009 an encouraging 22% of available listings in the beautiful wine country town of Sonoma are in escrow.
For the month of December 2008 28 homes sold in Sonoma for an average final selling price of $503,599.
The average original asking price of these homes was $603,547.
The range of final selling prices was from a low of $170,000 to a high of $1,745,000.
Of the 28 homes that sold 3 sold at their original asking price and 4 sold over their original asking price.
11 of the 28 homes were distress sales.
It took these homes an average of 112 days to sell.