There was another decrease in home sale prices in the Sonoma Ranch community during the month of March due to an increase in home sales of smaller homes.
Sonoma Ranch communities saw a 19.4 percent increase in the number of homes sold during 2016 compared to last year.
The average sales price saw a decrease of 6 percent when compared to 2015 prices while the median sales price was also down 17 percent.
There are currently 67 Sonoma Ranch homes for sale.
The prices range from $193,000 for a 3 bedroom, 1600 sqft home all the way to $950,000 for a 4 bedroom, 5000 sqft home.
Sonoma Ranch March Home Sales
Sonoma Ranch seen 19 homes that sold during the month of March.
The homes that sold ranged from 3 bedroom, 1500 sqft homes all the way to 5 bedroom home of over 4900 sqft.
Sonoma Ranch March Home Sale Prices
Home sale prices during the month of March in Sonoma Ranch, ranged from a low of $174,000 to a top price of over $735,000.
For the month, the average sale price was $316,658 and the median sales price of $280,000.
For the year, the average sale price is $326,243, a decrease of 6.4 percent from 2015, and the median sales price of $270,000, down 16.9 percent from 2015.
Sonoma Ranch March Days on Market and Absorption Rate
Home sold days on market during the month of March in Sonoma Ranch, ranged from a low of 12 days on market to a high of over 506 days on market.
For the month, the average days on market was 113 and the median days on market of 49.
For the year, the average days on market is 108, down 18.2 percent from last year, and the median days on market of 51, a decrease of 42.7 percent from 2015.
Sonoma Ranch Home Sales by Number of Bedrooms
Thinking about selling your Sonoma Ranch home?
You can get a free valuation of your Sonoma Ranch home with absolutely no obligation.
Please fill out the easy to use form to get your instant home value report.
Please note your information will be kept strictly confidential and will only be used to help me provide you with a better real estate experience.
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.