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Create A BlogSonora CA Real Estate Weekly Update |
Posted at Sonora CA Real Estate Weekly Update by Tony Krieg
Feb. 28, 2008
Tagged with: sonora ca homes, sonora ca real estate, sonora ca realestate, sonora homes, sonora real estate, sonora realestate
Sonora CA Real Estate Weekly Update for 2/28/08
Prices remain steady again this week as inventory falls once again for
single family Sonora CA Real Estate. Homes in Tuolumne County
continued on a slow descent this week with a yearly average price of
$329,695.*
Home sales are down with only 2 units of residential Real Estate closing
escrow. This week one of those sellers fell victim to the brutal mistake
of over pricing. I have also been guilty of seeing the glass half full
instead half empty.
The stats show that inventories are still falling and average sold prices
are slowly adjusting downward. To me this is a sign of our market gently reaching a point of stability. These are great times for buyers who are
definitely getting more for their money than in previous years.
The numbers on home sales this month were dismal. In fact ,dismal may
not even be the word for it. So far, February homes sales fell from a
previous 4 year average of 46 sold units per month to a pitiful 14.
Although most escrows tend to close toward the end of the month and a final total is not on the books, with just one day left I'm not holding out much hope for recovery. On the positive side the average monthly
home price was $3000 shy of the 5 year high in 2006 of $377,110.
There are currently about 250 Real Estate professionals that belong to
the Tuolumne County Association of Realtors. This month close to 235
members worked and didn't receive any immediate compensation. I only mention this because, and let's be honest here, the public seems to have a less than stellar opinion of my profession. I could give a list as long as my arm of reasons of why they feel the way they do. Having not always been a Realtor I have seen it from both sides. What I feel is most important for someone who is not in the profession to understand is ....
Up to this point you need us to be here for you. Real Estate
Professionals and the organizations they have founded have leveled the playing field for buyers and sellers. The knowledge this industry
provides, free of charge, has made millions upon millions of people
wealthy. It is our information that allows both buyers and sellers to
make educated investment decisions.
I have heard that Realtor commissions are the reason property prices
are so high... Are you kidding me? Property prices are high because
people are looking to take advantage of a great investment vehicle and
make a profit. That is capitalism and the minor investment that is
extracted from the transaction is minuscule in comparison with the
buyer's potential for profit. Nobody complains when a Real Estate
Professional assists a buyer in making good a investment and they
certainly don't offer their Realtor a better share in the profits when
they go to resell.
Private transactions happen all of the time and you know where they
get their information? That's right from us. We provide Internet with
almost all of the current statistical information you see. Our industry is
ever vigil and looks for opportunities to provide the public with the
best service and value possible.
I digressed slightly to make this point. If you know a Realtor and just
about everyone does, pray for them. A Real Estate professional who
survives these times may turn out to be an invaluable asset in your
future. I know that I am deeply appreciative to the men and women
who were able to weather the previous storms. They took the time to
mentor me so that I would be able to represent this profession with
integrity. Fortunately for me there are to many to mention and you
know who you are.
Well that's all for this week. Hope this has found you well.
If you would like to view the most current addition follow this link
Sonora CA Real Estate Weekly Update
In North Tuolumne County during the past 7 days, 12 Residential
properties went into contract and 2 sold with an average price of
$289,000 and 339 DOM
In the year 2007, 2 went into contract and 9 sold with and average price
of $338,278 and 111 DOM............
This week in 2006, 19 properties went into contract and 9 sold with an
average price of $438,276 and 152 DOM. Back in 2005, 11 sold with an
average price of $394,136 and 116 DOM.........and way, way back in
2004, 14 Residential properties sold with an average price of $252,500
and 117 DOM
430 residential Homes are for sale from Pinecrest to Jamestown (down
12 from last week) ................
108 Homes priced under $300k (down 2 from last week)
214 priced between $300 and $500k, (down 3 from last week)
7 Listings expired, 5 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,* $329,695
North Tuolumne County CA Homes have an average market time of 131
days.*
There are 430 (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 again)
Sonora Homes have an average market time of 93 days.*
After an average 142 days, there are 71 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.
The 22 Twain Harte Homes for sale this week have been on the market
an average of 142 days.
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
20070684 $329,000
02E-GOLD SPRINGS $279,000
10677 JIM BRADY ROAD 324
Real Estate in Jamestown, CA
20070450 $409,000
07B-CEDAR RIDGE $299,000
17545 MT. ELIZABETH DRIVE 353
Real Estate in Sonora, CA
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
Prices remain steady again this week as inventory falls once again for
single family Sonora CA Real Estate. Homes in Tuolumne County
continued on a slow descent this week with a yearly average price of
$329,695.*
Home sales are down with only 2 units of residential Real Estate closing
escrow. This week one of those sellers fell victim to the brutal mistake
of over pricing. I have also been guilty of seeing the glass half full
instead half empty.
The stats show that inventories are still falling and average sold prices
are slowly adjusting downward. To me this is a sign of our market gently reaching a point of stability. These are great times for buyers who are
definitely getting more for their money than in previous years.
The numbers on home sales this month were dismal. In fact ,dismal may
not even be the word for it. So far, February homes sales fell from a
previous 4 year average of 46 sold units per month to a pitiful 14.
Although most escrows tend to close toward the end of the month and a final total is not on the books, with just one day left I'm not holding out much hope for recovery. On the positive side the average monthly
home price was $3000 shy of the 5 year high in 2006 of $377,110.
There are currently about 250 Real Estate professionals that belong to
the Tuolumne County Association of Realtors. This month close to 235
members worked and didn't receive any immediate compensation. I only mention this because, and let's be honest here, the public seems to have a less than stellar opinion of my profession. I could give a list as long as my arm of reasons of why they feel the way they do. Having not always been a Realtor I have seen it from both sides. What I feel is most important for someone who is not in the profession to understand is ....
Up to this point you need us to be here for you. Real Estate
Professionals and the organizations they have founded have leveled the playing field for buyers and sellers. The knowledge this industry
provides, free of charge, has made millions upon millions of people
wealthy. It is our information that allows both buyers and sellers to
make educated investment decisions.
I have heard that Realtor commissions are the reason property prices
are so high... Are you kidding me? Property prices are high because
people are looking to take advantage of a great investment vehicle and
make a profit. That is capitalism and the minor investment that is
extracted from the transaction is minuscule in comparison with the
buyer's potential for profit. Nobody complains when a Real Estate
Professional assists a buyer in making good a investment and they
certainly don't offer their Realtor a better share in the profits when
they go to resell.
Private transactions happen all of the time and you know where they
get their information? That's right from us. We provide Internet with
almost all of the current statistical information you see. Our industry is
ever vigil and looks for opportunities to provide the public with the
best service and value possible.
I digressed slightly to make this point. If you know a Realtor and just
about everyone does, pray for them. A Real Estate professional who
survives these times may turn out to be an invaluable asset in your
future. I know that I am deeply appreciative to the men and women
who were able to weather the previous storms. They took the time to
mentor me so that I would be able to represent this profession with
integrity. Fortunately for me there are to many to mention and you
know who you are.
Well that's all for this week. Hope this has found you well.
If you would like to view the most current addition follow this link
Sonora CA Real Estate Weekly Update
In North Tuolumne County during the past 7 days, 12 Residential
properties went into contract and 2 sold with an average price of
$289,000 and 339 DOM
In the year 2007, 2 went into contract and 9 sold with and average price
of $338,278 and 111 DOM............
This week in 2006, 19 properties went into contract and 9 sold with an
average price of $438,276 and 152 DOM. Back in 2005, 11 sold with an
average price of $394,136 and 116 DOM.........and way, way back in
2004, 14 Residential properties sold with an average price of $252,500
and 117 DOM
430 residential Homes are for sale from Pinecrest to Jamestown (down
12 from last week) ................
108 Homes priced under $300k (down 2 from last week)
214 priced between $300 and $500k, (down 3 from last week)
7 Listings expired, 5 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,* $329,695
North Tuolumne County CA Homes have an average market time of 131
days.*
There are 430 (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 again)
Sonora Homes have an average market time of 93 days.*
After an average 142 days, there are 71 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.
The 22 Twain Harte Homes for sale this week have been on the market
an average of 142 days.
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
20070684 $329,000
02E-GOLD SPRINGS $279,000
10677 JIM BRADY ROAD 324
Real Estate in Jamestown, CA
20070450 $409,000
07B-CEDAR RIDGE $299,000
17545 MT. ELIZABETH DRIVE 353
Real Estate in Sonora, CA
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
