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Real Estate Report December 2020 |
There is no doubt that 2020 has been a strange and challenging year! Despite the hardships , I am still so grateful to be a part of such a strong and resilient community! We, as a team are proud to still be doing our very best to make the selling and buying of real estate as easy as possible for our clients. I want to give a huge thank you to all of those who recommended buyers and sellers to the Cozza Team, because of that, this year we were able to donate $5,400 to Mentor Me local children mentoring program and $2,000 as part of our $2k Giveaway to local 3rd Grader Elec who is currently battling Leukemia. Thank you for supporting our mission to give back! We wish you a safe and happy holiday season! PS: To catch Steven's weekly real estate video updates such as the recently posted "everything you need to know about prop 19" , follow us on Facebook and Instagram! |
This first chart tracks percentage changes in median house sales price since 1990. It is based upon the Q1 2000 price being indexed to 100: A reading of 50 signifies a median price half that in Q1 2000; 200 means the price has doubled since then. In early 1990, the Sonoma County median house price was about $180,000; it is currently running about $715,000. |
Market activity as measured by the number of listings going into contract peaked in mid-summer. Though dropping in November - as is the normal seasonal trend - the number was 50% higher than in November 2019. |
The below chart measures demand as compared to the supply of listings available to buy, i.e. the percentage of active listings going into contract during the month. The percentage in fall 2020 ran far above the same period of last year.
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Despite the fires, Sonoma was one of the top 4 Bay Area Counties as measured by the increase in dollar-volume sales. (By unit sales increase, it was one of the top 3 - not illustrated on this chart below.) |
Interest rates hit yet another all-time low in early December. |
~ Luxury Fountaingrove Property ~ Just Listed! |
3615 Crescent Circle, Santa Rosa 5 Bed | 4.5 Bath | 3676 sq. ft. | $1,899,000 |
3 Bed | 2 Bath | $835K ~ 4 offers OA & 7 days on market! ~ |
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~ 6 offers & 7 Days on the market! ~ |
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3 Bed | 2 Bath | $610K ~ 4 offers OA & 7 days on market! ~
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~ Sold in 7 Days , $45K Over Asking ~ |
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2 El Rose Drive - West Petaluma Midcentury Charmer - $795,000 883 Holly Lane - Petaluma 4 Bed | 3 Bath | $749,000
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© Compass 2020 ¦ All Rights Reserved by Compass ¦ Made in NYC
Compass is a real estate broker licensed by the State of California operating under
multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075,
1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material presented
herein is intended for informational purposes only and is compiled from sources deemed reliable
but has not been verified. Changes in price, condition, sale or withdrawal may be made without
notice. No statement is made as to accuracy of any description. All measurements and square
footage are approximate. Equal Housing Opportunity.
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