Windsor California Real Estate Market Report
Whether you are considering selling or purchasing a home, knowing what's happening within the local market is critical. Here are some key market statistics for all single family residences sold in the town of Windsor, California during the first eight months of 2012. All transactions that closed and recorded between January 1, 2012 through August 31, 2012 would be captured in these market statistics.
Windsor California Homes Sold
- 2012 Homes Sold (Jan-Aug 2012) = 254 Single Family Residences
- 2011 Homes Sold (Jan-Aug 2011) = 239 SFR
- 6.3% increase over same period in 2011
Median Home Statistics
- 2012 - 3 bed / 2 bath / 1845 sq ft
- 2011 - 3 bed / 3 bath / 1836 sq ft
Median Sales Price
- 2012 Median Sales Price $345,000
- 2011 Median Sales Price $329,460
- 4.7% increase over same period in 2011
Average Days on Market
- 2012 - 76 DOM
- 2011 - 104 DOM
- Result = -26.9% in days on market
So what is the driving force behind these upticks in the market?
Scarcity of inventory + increasing demand + historic low interest rates + improved access to credit = appreciation!
Distressed Market Breakdown
- 2012 - 138 of 254 SFR sold were distressed sales equalling 54.3% of total sales
- 2011 - 142 of 239 SFR sold were distressed sales equalling 59.4% of total sales
- 5% decrease in the number of distressed sales
REO (Real Estate Owned or Foreclosure) & Short Sale Breakdown
- 2012 (Jan-Aug)
- REO - 51 transactions (37% of total distressed sales)
- Short Sales - 87 transactions (63% of total distressed sales)
- 2011 (Jan-Aug)
- REO - 62 transactinos (43.7 of total distressed sales)
- Short Sales - 80 transactions (56.3% of total disrtessed sales)
These statistics from the first eight months of 2012 clearly identifty the trends we are seeing in this sellers market, with real estate in Windsor, California. Inventory is low, sales prices are increasing and days on market are decreasing. In addition, the distressed market is slowly receding, but also clearly shifting away from foreclosures towards short sale properties.
So what's the take away? If you're serious about buying a home: find a realtor that knows your area of interest and that you trust and like, do your homework in advance, get yourself pre-approved with a lender, be realistic with your offer and structure an attractive offer for serious consideration and move quickly if you've found the home. Interested in learning more? Please do not hesitate to give me a call. I am happy to help answer any questions you may have.
Interested in searching for current homes for sale, search here.
Click the link, if you are interested in learning more about what your current home may be worth.
Best of luck as we move towards another beautiful fall season in Sonoma County, California.
Ciao!
-Doug
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