Willits Market Watch and Sales Stats July 2014

What’s happening in the Willits Real Estate Market? July 2014

Here are the Willits market watch and sales stats for Single family residences in the 95490 zip code for the month of July 2014.

Market Watch July 2014 Single Family Residences
Active: 68  Pending: 3  Sold: 9  Total: 80
 Bedrooms  Bathrooms  Square Feet  List Price  Selling Price  DOM/CDOM
 Minimum  1  1.00  768  $94,900  $150,000  6/6
 Average  3  2.18  1,645  $261,502  $208,404  137/151
 Median  3  2.00  1,625  $249,450  $208,000  70/73
 Maximum  4  6.00  3,400  $499,000  $272,000  2039/2039
 Total Dollar Value  $1,875,635

With 68 homes listed for sale, the Willits market is not suffering from lack of inventory the way many other areas are. Currently there are 15 homes under contract in Willits. This is down from 22 last month and may be a reflection of the difference between the average/median list prices and the actual sold prices. While most Sellers are wanting a market recovery, Buyers are not quite ready for prices to increase so dramatically.  Interest rates are continuing to remain low and Willits properties are still selling below replacement costs, so there are still deals out there to be had.

Til next time… May all your deals be easy ones!
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Clint Hanks                                   707-391-6000