As of March 8, 2010 an encouraging 39% of available listings in the beautiful wine country town of Sonoma are in escrow.
For the month of February 2010 only 18 homes sold in Sonoma for an average final selling price of $770,378.
The average original asking price of these homes was $878,294.
The range of final selling prices was from a low of $170,000 to a high of $3,500,000 — further demonstrating that the low end of the market is what’s moving.
Of the 18 homes that sold (6 of which were distress sales) 3 sold at their original asking price and 2 sold over. All others sold for less.
It took these homes an average of 87 days to sell.
To see everything that is currently available for sale through our MLS, click here.