Home values jump 16.6 percent in Sonoma County

Is your home worth more today than it was a year ago?

A new report that analyzes repeat home sales suggested the answer is yes.

Home values in Sonoma County jumped 16.6 percent in Sonoma County over the past year, the sharpest increase in more than seven years, according to figures issued Tuesday by CoreLogic, a property information service.

When distressed sales were excluded, county home prices increased 11.4 percent in December, compared to a year ago, according to CoreLogic.

The company's report differs from others that simply track median home prices. CoreLogic's Home Price Index evaluates repeat sales of houses and condominiums, factoring in the time between transactions, the types of homes and whether the deals involve a foreclosure, short sale or home with equity.

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