Willits Market Watch and Sales Stats February 2015

What happened in the Willits Real Estate Market in February?

Willits Market Watch and Sales Stats February 2015

Active: 45  Pending: 7  Sold: 11  Other: 0  Total: 63
 Bedrooms  Bathrooms  Square Feet  List Price  Selling Price  DOM/CDOM
 Minimum  1  1.00  850  $96,200  $90,000  0/0
 Average  3  2.16  1,809  $322,798  $169,441  188/217
 Median  3  2.00  1,540  $245,000  $166,700  116/116
 Maximum  5  6.00  6,500  $3,000,000  $300,000  2259/2259
 Total Dollar Value  $1,863,850

The Willits market continues to bee-bop along. Not exactly setting the world on fire but it’s no slouch either. 11 closed sales and 7 Pending in a market this size is pretty impressive. The proof is in the median and average prices. The price per foot for sold homes continues to hover around $100-$110/sq-ft although the list prices are quite a bit more ambitious. As long as you can purchase a home for less money than it costs to build new, the resale market is going to stay strong. Luckily we are seeing the inventory keep pace with the demand so prices are not shooting up and interest rates continue to remain low. Now is a great time to buy a home in the Willits market. Follow me on Twitter @yourmendorealty. These are the Willits Market Watch and Sales Stats February 2015.  If you would like to see market numbers for another town or area just ask! Contact Clint.

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