What's My Santa Rosa Home Worth? July 2014
By Cynthia Larsen, Independent Broker In Sonoma County, CA
What's My Santa Rosa Home Worth? July 2014 Single Family Residences:215 - Number of SFR's sold in July58 - Average Days on Market$563,452 - Average sales price1798 - Average square footage$313 - Average price per square footCondominiums:44 - Number of Condos sold in July67 - Average Days on Market$266,067 - Average sales price1184 - Average square footage$224 - Average price per square foot Santa Rosa, like the rest of the Cities in Sonoma County, has experienced a low amount of inventory which has driven Single Family Home and Condominium prices up 40% and 36% respectively from 24 months ago. As of this writing, the absorption rate is 1.8 (months), meaning if no new listings were introduced to the market, there would be no homes left for sale within 53 days. The absorption rate, whic...
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