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Create A BlogSonora CA Real Estate Weekly Update |
Posted at Sonora CA Real Estate Weekly Update by Tony Krieg
Feb. 21, 2008
Tagged with: sonora ca homes, sonora ca real estate, sonora ca realestate, sonora homes, sonora real estate, sonora realestate
SonoraCA Real Estate Weekly Update 2/21/08
Prices remain steady again this week as inventory falls for single family Sonora CA Real Estate. Homes in TuolumneCounty declined this week with a yearly average price of $331,863.*
Residential home sales also continued to see - saw with just 3 closings (One higher than two weeks ago). Substantial cuts made in asking prices this week were in the upper market and a home that had been over priced for almost 2 years ago. The average price of homes in TuolumneCounty strengthened to a weekly average of $381,667. Newly opened escrows decreased from the previous weeks 16 to 11. What is remarkable, even though this weeks’ volume fell significantly, it still out performed the previous two years.
Decreasing inventories and rising buying activity are a good sign. These days Buyers are looking for a “good deal” however as an investor I would rather be buying in a market that is stable or rising as opposed to one that may still be falling. The “deal” you may think you are getting would just be an illusion if the market continued to tumble. Thankfully Real Estate in SonoraCA is holding it’s value.
If you would like to view the most current addition follow this link Sonora CA Real Estate Weekly Update
In NorthTuolumneCounty during the past 7 days, 11 Residential properties went into contract and 3 sold with an average price of $381,667and 314 DOM
In the year 2007, 7 went into contract and 5 sold with and average price of $269,500 and 52 DOM............
This week in 2006, 10 properties went into contract and 9 sold with an average price of $352,333 and 75 DOM. Back in 2005, 12 sold with an average price of $324,321 and 156 DOM.........and way, way back in 2004, 5 Residential properties sold with an average price of $289,800 and 200 DOM
442 residential Homes are for sale from Pinecrest to Jamestown (down 4 from last week) ................
115 Homes priced under $300k (down 2 from last week)
217 priced between $300 and $500k, (up 1 from last week)
7 Listings expired, 6 were withdrawn and 2 are TOM (Temporarily off the market).
115 Homes priced under $300k (down 2 from last week)
217 priced between $300 and $500k, (up 1 from last week)
7 Listings expired, 6 were withdrawn and 2 are TOM (Temporarily off the market).
North Tuolumne County Real Estate average 3 bedroom, 2 bath, 2 car garage home price over the previous 12 months is,* $331,863
North Tuolumne County CA Homes have an average market time of 128 days.*
There are 442 (Northern) Tuolumne County Homes for Sale.
Sonora CA Real Estate average 3 bedroom, 2 bath, 2 car garage home price over the previous 12 months is,* $370,545. (unchanged)
Sonora Homes have an average market time of 93 days.*
There are 76 Sonora CA Homes for Sale.
Twain Harte Real Estate average 2-3 bedroom, 1-2 bath home price over the previous 12 months is, $ 349,647 (unchanged)
Twain Harte Cabins have an average market time of 167 days.
Again there are 21 Twain Harte Homes for sale this week.
Tuolumne County Homes Sold Report for this Week
This report shows the original price and not the subsequent price reductions during the course of the listing.
MLS # Original Price
Area Sold Price
Address DOM
20071497 $599,000
02E-GOLD SPRINGS $445,000
23071 Gold Springs Dr. 210
Real Estate in ColumbiaCA
20062069 $359,000
10G-LAKEWOOD PARK $270,000
19405 SUPERIOR 512
Real Estate in Twain HarteCA
20071498 $510,000
13B-LELAND MEADOWS $430,000
29620 LeLand Court 224
Real Estate in PinecrestCA
This information is deemed reliable but not guaranteed.
* These figures are based on homes with 3br, 2ba, 2 car garages and 1200 to 1800 SQFT
