Local Housing Statistics for Watsonville CA (95076) through December 2013
Watsonville CA has shown an increase in home prices of approximately 20% in the year 2013. The number of active listings in Watsonville (95076) dropped by 24% from the previous month. The median number of days active properties have been listed is 89. This is significantly shorter than the national average. The Median Listing Price is $637,270 and there are 98 active listings with 8.2% being Distressed Listings (Foreclosures and Short Sales). Watsonville home prices have seen 5 straight months of increase. With the increase in home prices AND the increase of interest rates, many home buyers are paying more in monthly payments. With a low inventory, prices are expected to continue to rise.
Are prices back to where they were in 2004-06?
No, not at all. But, with the 20% increase in Watsonville home prices in 2013, at least the housing market is heading in the 'right' direction.
WORDS OF WISDOM: People ask me when is the best time to buy a home. My answer is this. If you find the home you like, and you can afford it without eating beans and rice for every meal, then buy it. You have to live somewhere. It feels good to own a home and know that your improvements make a difference. In a market where the price is increasing... the best time to buy a home was yesterday. The next best time is today. The next best time is tomorrow. Don't hesitate. Work with a real estate agent you trust. Get committed and have fun.
BUYERS: Are you in the market for a new home? Did you know that SMART Home Buyers can make mistakes that actually hurt their negotiation power? Email me for my FREE Home buying eBook for SMART BUYERS. Click here for a real time list of available homes for sale in Watsonville, CA.
SELLERS: Have you considered selling your home in the last few years? Now is the time to get an updated HIGHEST PRICE ANALYSIS. With the home sold price increase this year, many sellers have more equity in their homes than they realize. Click here to receive a custom evaluation for your home, including comparisons to other homes that have recently sold.
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