Sonoma County Housing Market

The Sonoma County housing market has struggled starting  in 2006 when the market crashed. As with many areas across the country, housing trends were low, but looking into 2015 there are high hopes for a better housing future with just a few more ups and downs. The month of December in 2014, buyers purchased 377 homes in, which was an increase of 10 percent from a year ago.  Homes for sale in Sonoma County are in higher demand, which is putting home prices at the 2005 levels before the crash.

Sonoma County Housing Market Trends

The median home price rose 12 percent from last year making the housing market 2015 the third straight year of housing gains. Home value has still remained strong. The sales volume for existing homes and condos jumped up 6 percent to $3 billion. This is the largest income in 8 years. In other good news, foreclosures and short sales have steadily declined. Looking for homes in Sonoma County real estate is a good investment.

Trends in housing market correlate strongly with the economy. Sonoma County has seen strong improvement levels and now is fully recovered from the Great Recession. The local economy is thriving, which makes the Napa housing market much more appealing with ample jobs available for residents. Manufacturers of technology and energy as well as companies working with wine beer and specialty foods have seen strong growth. This allows for Sonoma County to see growth economically, which in turn helps trends in the housing market.

With home appreciation leveling off in the Sonoma County housing market, the area housing trends have reached a “normal housing market.” There has been a shift in the Sonoma County housing market from single-family homes to multi-unit housing complexes. This also creates more jobs in the area as well as more housing.

Homebuyers can also find low mortgage rates, which allow for more buying power with a great credit score. Sonoma County housing market is moving out of recession trends and looking for a brighter 2015. Sonoma County real estate trends have showed a promising buyers market with great home value and a strengthening local economy. With a beautiful wine country back drop and a thriving community, Sonoma County is worth the investment.