What's My Windsor Home Worth? July 2014
Single Family Residences:
31 - Number of SFR's sold in July
47 - Average Days on Market
$512,577 - Average sales price
1857 - Average square footage
$286 - Average price per square foot
Windsor, like many areas in Sonoma County, has experienced a low amount of inventory which has driven Single Family Home prices up 41% in the last 24 months. As of this writing, the absorption rate is 1.4 (months), meaning if no new listings were introduced to the market, there would be no homes left for sale within 42 days.
The absorption rate, which is the # of properties currently available compared to the average # of sales in previous months, is the indicator of whether we are experiencing a buyer or sellers market. We are in a sellers market right now in Windsor, since a "normal" market would have roughly 6 months of inventory.
As it stands, it is not unusual for a seller to receive multiple offers on their homes, oftentimes invoking a bidding war. The well informed, well prepared buyer will be the one who gets the worm in this market.
If you would like more information about Windsor, you can visit my website for community information and an up-to-date view of available Windsor homes for sale.
What's My Windsor Home Worth? July 2014
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