About Author: Are you searching for real estate guide in Santa Rosa, Sebastapol, Jenner, Bodega Bay or Dillon Beach at the Sonoma & Marin County Areas of coastal California, Deborah Melancon will be glad to help you. You can reach her at (707) 875-9644 or visit her websitehttp://www.coastalsonoma-marinrealtor.com/
Santa Rosa is the county seat of Sonoma County with a population of 148,000. It is the biggest city in the county and also its commerce center. The Charles Schultz museum, famous for its Peanuts cartoon characters, is located here. Santa Rosa is located in the midst of vineyards and countless vineries. The electronic industry is strongly present, a source of employment for many of the residents. Santa Rosa is in the Santa Rosa Elementary and Santa Rosa High school District. Here is a Santa Rosa real estate guide.
(1) Median house hold income is $50,931 compared to the state average of $47,493.
(2) The per capita income is $24,495 against the state average of $22,711 according to census 2000.
The following trends give you an idea of the real estate market present in Santa Rosa, from which we can draw many conclusions.
(1) The average sale price of a three bedroom home is $461,087 in Sep-Nov 2007 quarter against $505,607 in the previous quarter, showing a decline of 9%.
(2) The average sale price of a four bedroom home is $568,327 in this quarter against $563,210 in the quarter that has preceded this, which is marginally up by a percentage point.
(3) The median sale price of a three bedroom home is $432,000 in Sep –Nov 2007 quarter against $472,000 in the earlier quarter, showing a decline of 8.5%.
(4) The median sale price of a four bedroom home is $485,000 in the quarter ending Nov 2007 against $510,000 in the preceding quarter, showing a decline of nearly 5%.
(5) The average price per sq.ft has gone down from $323 to $300 in the case of a three bedroom home in the two quarters under review.
(6) The average price per sq.ft has also gone down from $287 to $262 in the case of a four bedroom home in the two quarters under review.
(7) The average listing price of a three bedroom home has gone down by 1.8% and increases by 0.4% in the case of a four bedroom home.
(8) The number of three bedroom homes sold fell from 247 t0 148 in this quarter and in the case of a four bedroom home also it has gone down from 103 to 67. The similar figures were 260 and 97 in the Sep-Nov 2006 period respectively.
From the above figures we can conclude that it is a buyer’s market with a good inventory. The average time in the market has also increased to 102 days. The total number of units sold has gone down by 320 units this year compared to last year’s sale. The only silver lining is that the loans look extremely attractive at this point of time, so take advantage of them and conclude the deal quickly.
The following expensive properties are on sale in the real estate market as of today.
(1) 7170 Bennett Valley Rd, Santa Rosa 95404 ---- $7,500,000
(2) Single family home, Santa Rosa 95403 ---- $6,900,000 ---- 5 Br and 7 Ba
(3) Property, Santa Rosa 95403 ---- $6,900,000 ---- 4 Br and 5 ½ Ba
(4) 800 Shiloh Gln, Santa Rosa 95403 ---- $5,995,000
(5) 7323 Shiloh Ridge Rd, Santa Rosa 95403 ---- $5,690,000 ---- 5 Br and 6 Ba
With an abundant supply of homes and plenty of Santa Rosa real estate to choose from, you can make your dream home come true and enjoy it for a life time.
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