Median household income in Sonoma County is about 60k. The median household should be able to afford the payments on a $180k house.
73.8% of Sonoma County Homes Lost value in Q2.
95.1% of Sonoma County Homes lost value in the past 12 months.
% of Sonoma County Home Purchases that are now underwater (house value worth less than the outstanding mortgage amount)
50.4% of Homes Bought in 2007 are underwater
Median Price: $550,000
Average Price: $656,258
65.9% of homes Bought in 2006 are underwater
Median: $580,000
Average: $673,785
66% of homes bought in 2005 are underwater
Median: $591,000
Average: $674,388
46.9% of homes bought in 2004 are underwater
Median: $499,000
Average: $571,652
22.3% of homes bought in 2003 are underwater
Median: $420,000
Average: $486,498
Percentage of Sonoma County home buyers choosing some form of I/O, Negative amortizing and adjustable-rate mortgages
2003 - 36.8%
2004 - 59.4%
2005 - 69%
Recent Sonoma Valley Courthouse Step Auctioned Properties
Sonoma Valley Sheriff Sale List, as of 8-13-08
Sonoma Valley Foreclosed Properties, as of 8-13-08
69 properties on the "Foreclosed" list. (click picture to enlarge)
Sonoma Valley Notice of Default List, as of 8-13-08
110 properties (click picture to enlarge)
One thing of note... there was an RE agent who used to publish ads in the local paper asking: "What Bubble?" ... That RE agent is on the notice of default list.
Sonoma Valley Foreclosed Properties, as of 8-13-08
69 properties on the "Foreclosed" list. (click picture to enlarge)
Sonoma Valley Notice of Default List, as of 8-13-08
110 properties (click picture to enlarge)
One thing of note... there was an RE agent who used to publish ads in the local paper asking: "What Bubble?" ... That RE agent is on the notice of default list.
