SONOMA COUNTY MARKET UPDATE
Q1 2021 WRAP-UP
The median sale price across Sonoma County continues to set record highs into Q1 2021. As we continue through the spring selling season, the current outpace of demand versus supply has also pushed sales numbers up significantly. This spike is to be expected when comparing to last year as many properties were pulled off the market during the early stages of the pandemic; however, the number of properties sold during Q1 2021 is actually higher than the past 10 years of recorded Q1 data at 1,010 across the county. Cities that experienced extraordinary growth last quarter include Healdsburg, Sebastopol, Sonoma, and Guerneville.
National mortgage rates dropped lower this week with FreddieMac reporting, 'Mortgage rates took another dip this week as the 30-year fixed-rate mortgage decreased by almost ten basis points, week over week. The economy is improving on the demand side and on the supply side, a variety of goods and materials remain scarce. As a result of this imbalance, pricing pressures are building and causing inflation to rise. Despite the pause in mortgage rates recently, we expect them to increase modestly for the remainder of this year.'
National mortgage rates dropped lower this week with FreddieMac reporting, 'Mortgage rates took another dip this week as the 30-year fixed-rate mortgage decreased by almost ten basis points, week over week. The economy is improving on the demand side and on the supply side, a variety of goods and materials remain scarce. As a result of this imbalance, pricing pressures are building and causing inflation to rise. Despite the pause in mortgage rates recently, we expect them to increase modestly for the remainder of this year.'
YEAR-OVER-YEAR COMPARISON
MONTH-OVER-MONTH
YEAR-OVER-YEAR REGION COMPARISON
TOP FIVE SALES IN Q1 2021
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3171 WRIGHT RANCH LANE, Healdsburg
$7,700,000 $1,711/sq. ft. 4 bed/5 bath 4,500 sq. ft. 6.28 Acres |
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969 VIA ROBLE, Kenwood
$6,500,000 $1,684/sq. ft. 3 bed/4 bath 3,860 sq. ft. 6.28 Acres |
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3095 WESTSIDE ROAD, Healdsburg
$5,800,000 $1,273/sq. ft. 4 bed/5 bath 4,582 sq. ft. 25.56 Acres |
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3875 W DRY CREEK ROAD, Healdsburg
$4,500,000 $1,273/sq. ft. 3 bed/3 bath 3,535 sq. ft. 17.99 Acres |
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533 MATHESON STREET, Healdsburg
$4,450,000 $1,194/sq. ft. 5 bed/5 bath 3,728 sq. ft. 0.22 Acres |
MEDIAN SALE PRICE
MEDIAN MARKET TIME
NUMBER OF SALES
