ReoSonoma Blog

Michael Stevenson

This Week In Sonoma County REO Real Estate

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This has been a pretty great week for Sonoma County real estate! As some of you may know, the biggest news right now in the real estate world is how LOW our inventory is. As of this writing, we have approximately 3 weeks of inventory. 3 WEEKS! That means that if NO more homes came on the market and they kept selling at their current rate, there would be NO more homes for sale in the county. That’s crazy!! What it boils down to is that buyers are buying and sellers are selling. And it’s right before Summer so the prime real estate season is still head! I’d like to introduce a new weekly feature to ReoSonoma called “This Week In Sonoma”, where I will re-cap all the new listings that came on the market, some sales data, and any other important info. As always, call me with any questions!

There were 140 sold residential properties in Sonoma County last week, 27 of which were REO (bank owned)
The Average Sold Price was $365,447

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