As of January 5, 2010 an encouraging 40% of available listings in the beautiful wine country town of Sonoma are in escrow. Of course, many people take their homes off the market for the holidays making inventory shrink and the percentage of homes in escrow rise as a result.
For the month of December 2009 37 homes (14 of which were distress sales) sold for an average final selling price of $704,514.
The average original asking price of these homes was $840,472.
The range of final selling prices was from a low of $92,500 to a high of $3,500,000.
Of the 37 homes that sold, 2 sold at the original asking price and 3 sold over. The remaining 32 sold for less.
It took these homes an average of 150 days to sell.
To see everything that is currently available for sale on our MLS, click here.