Sonora CA Real Estate Weekly Update for April 03, 2008


Real Estate in Sonora CA continued to become more affordable this
week. The average price for a 3 bedroom, 2 Bath, 2 car garage home
fell to $335,308*.

The number of days on the market (DOM) decreased as well. Currently
Sonora CA Homes* have an average market time of 82 days. Could this
be a signal that sellers are starting to price their homes nearer to what
the market is able to bear?

If we take a look at the total picture and include homes of all shapes
and sizes, inventory swelled this week, from 65 to 73 with a median
asking price of $476,798 and an average time of 133 days on the market.
This is typical behavior as the weather begins to warm and Spring
continues to unfold.

When compared to the rest of the north county there are 473 homes for
sale with a median asking price of $375,000 and an average of 147 days
on the market.

Sonora CA Real Estate
15 Homes priced under $300k
32 priced between $300 and $500k

North Tuolumne County Real Estate
131 Homes priced under $300k (up 13 from last week)
227 priced between $300 and $500k, (Up 6 from last week)


Sonora Ca Homes Sold this week

Address                        Asking           Sold           Chg%      DOM

461  Morning Star Ct                      $450,000       $400,000       89%         139
166  Woodside Drive                      $294,000       $240,000       81%         112
251  Woodside Drive                      $258,700       $240,000       93%          51
21064  Stott Lane                          $579,000       $562,000       97%          62
                                                Average          91%          87

Until next week I bid you adieu.

* These figures are based on homes with 3br, 2ba, 2 car garages and
1200 to 1800 SQFT, averaged over the previous 12 months. This information is deemed reliable but not guaranteed.

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