Willits Market Watch and Sales Stats 2014

What’s happened with Real Estate in Willits in 2014?

Willits Market Watch and Sales Stats 2014

Active: 55  Pending: 4  Sold: 106  Other: 0  Total: 165
 Bedrooms  Bathrooms  Square Feet  List Price  Selling Price  DOM/CDOM
 Minimum  0  1.00  530  $86,800  $88,595  8/8
 Average  3  2.08  1,590  $238,409  $216,197  132/154
 Median  3  2.00  1,471  $229,000  $210,000  91/98
 Maximum  5  6.00  4,305  $600,000  $470,000  2198/2198
 Total Dollar Value  $22,916,859

Real estate in Willits started 2014 with a bang and went out with a whimper. The number of homes sold stayed pretty consistent at 8+/- homes per month but the average sales price actually declined over the course of the year. In January of 2014 the average sales price for a single family home in Willits was a little over $266,000.00  and by the time we got to December that number had fallen to just over $170,000.00 with the yearly average being $216,197.00 and 106 total home sales. Of course that is up from 2013’s average sale price of $189,280.00. Interest rates are still cooperating by staying in the low 4’s but that is expected to end by mid-year. Buyers continue to struggle with the issues of affordability but more on that soon.  Follow me on Twitter @yourmendorealty. These are the Willits Market Watch and Sales Stats 2014. If you would like to see market numbers for another town or area just ask! Contact Clint.

Til next time… May all your deals be easy ones!

Clint Hanks                                   707-391-6000