The Sonoma Ranch real estate market continues to see lower sale prices as we move past the halfway point of the year.
Sonoma Ranch communities have seen a 1 percent increase in the number of homes sold during the first 6 months of 2014 compared to the same time last year.
The continued decrease of home sales of larger homes in Sonoma Ranch has resulted in home sale prices being lower than last year.
During the same time period, the average sales price has experienced a 6 percent decrease and median sales price is down 12 percent.
There are currently 79 homes for sale in Sonoma Ranch.
The prices range from $174,000 for a 3 bedroom, 1500 sqft home all the way to $995,500 for a 4 bedroom, 5000 sqft home.
Sonoma Ranch June Home Sales
Sonoma Ranch seen 23 homes that sold during the month of June.
The homes that sold ranged from 3 bedroom, 1500 sqft homes all the way to 5 bedroom home of over 4300 sqft.
Sonoma Ranch June Home Sale Prices
Home sale prices during the month of June in Sonoma Ranch, ranged from a low of $174,900 to a top price of over $510,000.
For the month, the average sale price was $301,100 and the median sales price of $288,000.
For the year, the average sale price is $302,421, a decrease of 6.1 percent from 2013, and the median sales price of $270,000, down 12.2 percent from 2013.
Sonoma Ranch June Days on Market and Absorption Rate
Home sold days on market during the month of June in Sonoma Ranch, ranged from a low of 14 days on market to a high of over 367 days on market.
For the month, the average days on market was 90 and the median days on market of 50.
For the year, the average days on market is 91, down 18 percent from last year, and the median days on market of 50, a decrease of 30 percent from 2013.
Sonoma Ranch Home Sales by Number of Bedrooms
3 Bedroom Size: 2047 Sqft 36 sold in 2014
Average Sales Price: $212,342 Median Sales Price: $191,750
4 Bedroom Size: 3057 Sqft 55 sold in 2014
Average Sales Price: $329,141 Median Sales Price: $322,000
5 Bedroom Size: 3751 Sqft 13 sold in 2014
Average Sales Price: $396,708 Median Sales Price: $380,000
6 Bedroom Size: 5428 Sqft 1 sold in 2014
Average Sales Price: $850,000 Median Sales Price: $850,000
Sonoma Ranch Current Listings
The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of the San Antonio Board of REALTORS®. IDX information is provided exclusively for consumers' personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
What do you think?
Is there any other information you would like? What are your thoughts on how the real estate market is doing in Sonoma Ranch? Please let me know what they are in the comments.