According to BAREIS MLS, over the course of the last twelve months, we have seen 260 newly built homes sold in Sonoma County with an average living area of 2103 square feet - typically consisting of 3 bedrooms and 3 baths - translating to a value of $400 per square foot (psf), furthermore pegging the average price paid in Sonoma County for new construction at $842,162. The marketing periods for properly priced product has hovered around 67 days – though some of this time is typically attributed to construction still being in the waning phase of completion.
More specifically, when we consider the markets as segments the numbers get more meaningful as with properties under $1 million there have been 215 sales over the last year with the average abode bearing 1837 square feet – commonly configured as 3 bedrooms and 2.5 baths - representing a value proposition of $361psf along with an average price paid of $635,387. These homes are usually situated on lot sizes that range from 3,000 – 10,000 square feet and have been exhibiting marketing periods of 59 days.
Turning our attention to the upper end of our marketplace, there have been 45 sales of newly constructed homes since July 2018. The living areas within this class of properties has averaged 3018 square feet – usually offering 4 bedrooms and 4 full baths – showcasing a valuation of $585psf along with an average price paid of $1,818,149 and with the underlying dirt ranging in mass from .25 acre – 20 acres. With some of the more unique finishes and rhythms of delivery varying, this segment of new dwellings in Sonoma County has experienced marketing times averaging 97 days before finding their ultimate buyer.
So that desire to have a new home can once again be satiated in our region with bountiful new options to consider affording you a broad spectrum of sizes, locations, features and values. If you really want to know the secret to finding what’s new that will fit your needs then lean into us and find out - before the rest of the world knows.
