The quarterly market report for Sotheby's International Realty Wine Country is now available. We have had yet another positive quarter! It is an excellent time to invest in property in Sonoma and Napa counties.
A MESSAGE FROM OUR MANAGER: Jonathan Soh
According to Bay Area Real Estate Information Services, Average Sales Price for single family homes was up in the Fourth Quarter of 2015 compared to Fourth Quarter of 2014 in most Wine Country markets. By comparison, the Number of Units sold was down in most Wine Country markets, reflecting low inventory yet strong demand. Of particular interest, is the increase in activity of single family homes priced over $1,000,000. Average Sales Price in the Sonoma Valley and the City of Napa experienced 21% and 27% increases (respectively) in this price category between Q4 2014 and Q4 2015. The Petaluma market experienced a 267% increase in the Number of Units sold over $1,000,000 from 3 units in Q4 2014 to 11 units in Q5 2015 and a 272% increase in Total Sales Volume from $3,760,000 in Q4 2014 to $13,978,293 in Q4 2015. The St. Helena market showed a strong comeback from the August 2014 earthquake with an increase of Average Sales Price of 78% from $1,053,544 in Q4 2014 to $1,873,341 in Q4 2015 and an increase of Total Sales Volume of 15% from $35,820,500 in Q4 2014 and $41,213,500 in Q4 2015.