Sonoma County Housing Pricing Increases

https://taghomes.com/wp-content/uploads/2019/09/GettyImages-182146297-1024x683.jpeg 1024 683 The Advantage Group The Advantage Group https://secure.gravatar.com/avatar/5759d415e0e669e8d09ff40f84bc2465?s=96&d=mm&r=g September 26, 2019 September 26, 2019

September 26, 2019
The Advantage Group
no comments

The fires in October 2017 in Sonoma County have many residents that were affected re-evaluating their housing situation. Instead of rebuilding homes that were lost in the fire, many are opting to buy a pre-existing home. This wave of buyers is driving up the costs of single-family homes and putting pressure on an already dwindled market.

In a recent article from the Press Democrat they reported that “in August, the median price of single-family homes in the county hit an all-time high of $712,000, according to data supplied this week by BAREIS multiple listing service. That’s surpassed the previous record high median price of $697,000 in June 2018.”