A Paragon Special Report
While waiting for the 2016 real estate market to really wake up and start generating useful statistical data, below is a look at Sonoma County house and condo values over the past 5 years, broken out by city and town. In most areas of the county, the market bottomed out in 2011 or 2012, with the current market recovery beginning thereafter and then quickly accelerating.
Important context: Median sales price is a general statistic, often concealing an enormous variety of values in the underlying individual sales. It can be and often is affected by other factors besides changes in fair market value, such as major changes in the distressed property, luxury home, or new-home construction segments. Sometimes median prices fluctuate without great significance: Substantially different groups of homes (larger, smaller, older, newer, etc.) simply sold in the periods being compared. Assessing appreciation by changes in <i>dollar per square foot</i> values, instead of by changes in median sales prices, can sometimes deliver significantly different appreciation rates.
Sonoma County Median House Price Changes
2011 to 2015
Longer-Term Home Price Appreciation Trends by City
We have also updated our charts showing longer term appreciation trends in most Sonoma County communities. If you would like information on a city not included in the sampling below, please call or email.
These analyses were performed in good faith with data derived from sources deemed reliable, but they may contain errors and are subject to revision. All numbers should be considered approximate.
© 2016, Paragon Real Estate Group