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photo credit: Kelly Lacy
Drone shot of a residential area
The latest Sonoma County real estate market data shows a mixed bag.
Jeff Schween of Compass Real Estate says in a shifting market, it’s typical to see some choppy numbers.
“Last two years, we’ve hit thirty-year lows in volumes of transactions in our county. And that’s consistent with the United States as well, so we’ve been an inventory constricted market, if you will,” said Schween.
According to the local Multiple Listing Service, the average sold price per square foot for a single-family home in Sonoma County is $524. February’s average sold price was $1,034,000, significantly lower than the highest monthly average seen in 2024.
Schween says while housing inventory is up, we are still not at levels that would indicate a healthy supply of homes for sale.
“If we look at the county overall, we’ve got inventories up about 45-percent higher than they were last year at the same time. Which is great, but that means instead of having 412 units available on the market in the county, you have 600 units – which is a far cry from where we were over the 25-year historical average,” Schween explained. “We’re way below on volume level, so percentages are bigger on lower numbers. It’s like the snail crawling on the turtle’s back going, ‘Whee!’”
Within the overall picture for the county, there are major fluctuations depending on the region.
Petaluma’s Westside had a significant 18-percent jump to $640 per square foot. The Pacific coastal region is also up 10-percent. Healdsburg and Northwest Santa Rosa saw modest gains of 5-percent.
However, other areas are seeing declines. The city of Sonoma, along with Glen Ellen and Kenwood, saw a dramatic 34-percent drop. Cotati & Rohnert Park, Windsor, and Southeast Santa Rosa also experienced losses.
Closed deals are already 12-percent ahead of last year, which Schween says is a crucial indicator that the market is beginning to find its footing.
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