Home prices in parts of the Sonoma Valley will rise nearly 10 percent this year, according to a study conducted by an online real estate site.
Zillow.com expects home prices in 244 of the 245 zip codes in the Bay Area to rise in 2013. The only exception will be the 94515 zip code in Calistoga, according to a story in the San Francisco Chronicle.
The story suggests that the primary reason for the price increase is the tight inventory, a lack of homes for sale on the market.
But even with the increase, prices remain significantly below the peak prices of a few years ago.
Here is the individual zip code data for the Sonoma area, including Glen Ellen, Kenwood and Schellville.Zip Code Dec. 2012 median Dec. 2013 projection Increase % decrease from peak price 95442 $516,200 $566,185.35 9.7% -29.8 percent 95452 $618,800 $679,672.95 9.8% -29.8 percent 95476 $429,300 $467,258.17 8.8% -36 percent
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