Mike’s Real Estate Show

The $1,000,000 home report:  properties listed and sold for a $$$Million+ in price have extended  time on the market and supply increasing. Currently in Santa Rosa there are 138 Homes now on the market with only 14 in escrow. This is about a 10 month supply of homes. For the past six months we have a total of 65 Sales with a median price of $1,175,000. Five years ago for the same reporting period we only had 14 sales in the $1,000,000+ price point!! Yes, appreciation lifted ALL ships!

  Countywide it is a bit different. 406 “Active Listings” our now on the market with 72 in escrow or just under a six month supply of homes. In the past six months we have 184 “Sold” properties with a median for the county right around $1,275,000. Average time on the market is about the same at 129 days. The bulk of the activity happens from $1,000,000 to $2,000,000 with 154 sales in this price range.

  Those areas with the most $1,000,000 properties are the Eastside of Santa Rosa, Healdsburg/Cloverdale (wine country influence here!) and Sonoma. The coast also draws its fair share of $1,000,000+ properties as our very dramatic coast gives us some dramatic price points!!