Based on 7 closed sales in SONOMA, the data points to a value around $517,218 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $415,000 to $425,000. This would position the home competitively among 7 active listings in SONOMA. Being 103 sqft smaller than the average comparable sale in this area impacts the per square foot value. The active market in SONOMA includes 7 comparable homes priced from $390,000 to $575,000. Market data shows SONOMA prices fallen 8.4% over the last half year. The closest comparable sale, 825 Barefoot CV, Round Rock TX 78665 at an adjusted $430,931, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in SONOMA. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group