Friday, October 24, 2008

Sonora, CA Market Report

Sonora, the County Seat of Tuolumne County, is located just 3 miles from Jamestown on Highway 49. At an elevation of 1,825 feet, Sonora is a colorful, bustling little city and is the market center for a large area. An air of progressive commercialism has been superimposed on this one-time rowdy mining camp.Many relics from its flamboyant past remain,including a large collection of Victorian homes, many of which are now bed and breakfasts. Sonora is also the junction of Highways 49 and 108. The city hosts the Mother Lode Roundup every Mother's Day weekend with one of the largest and oldest parades in California. The St. James Episcopal Church (painted a dark red) was built in 1860 and is said to be the second oldest Episcopal church of frame construction in California. Many of the businesses are housed in buildings over 100 years old.


The Real Estate Market in Sonora and the surrounding area has slowed down in the past year or so, with prices declining, and days on market increasing. We are definitely in a "Buyer's" market. There are currently 287 Residential listings, with an average price of $417,087, median price of $364,900, and average days on market 172. Our inventory has dropped lately, and pricing continues to decline slightly.

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