What’s happening in the Willits Market?
As we move into Spring let’s take a look at what the Willits real estate market is doing.
|Status||# of Homes||Avg. Sq/Ft||Avg. List Price||Avg. Sale Price||Ratio List/Sale Price||Avg. Days on Market||Avg. Cost Per Sq/Ft|
|Active||52||1642||$ 263,102||162||$ 160.23|
|Pending||3||1314||$ 131,333||104||$ 99.95|
|Sold||3/1-31/14||9||1554||$ 219,478||$ 210,778||90.46%||95||$ 143.15|
|Sold||3/1-31/13||8||1484||$ 191,375||$ 173,938||83.90%||319||$ 126.53|
Of the 52 Active Listings 14 of them are in escrow under Contingent status. As you can see prices have begun to recover when comparing the sale prices between this year and last year. Demand has increased and interest rates are still low. Check back often for Willits Market Watch Updates. If you would like to see the market statistics for another town or market, please don’t hesitate to ask.