Winchester Commons Market Update
2015
Posted February 16, 2016
WINCHESTER COMMONS
2015 MARKET SUMMARY REPORT
I have enclosed a detailed report for you on the market conditions in Winchester Commons for the past 5 years. Great News for Winchester Commons! The average sales price has increased 9.6% to $971,750 from $886,600 in 2014. However, the number of sales did decrease by one sale. There were 8 sales in 2014 with 2 of the sales being townhomes. In 2015 there were 7 sales with 3 sales being townhomes at an average sales price of $576,500 and 4 sales being single family homes with an average price of $971,750.
Goleta as a whole experienced an 8.5% increase in the average sales price in 2015 with a sales price of $775,956; the average sales price in 2014 was $715,411. Goleta sales increased in 2015 (573 sold units) as compared to 2014 (489 sold units) by 17%. These prices and units sold include single-family homes, PUD’s, condos and manufactured homes. Interest rates remained low which fueled the number of sales for 2015.
Average Winchester Commons Sales Price for Single-Family Homes:
2011 $ 723,400 ($671,000 with townhomes included)
2012 $ 752,417 ($670,500 with townhomes included)
2013 $ 925,900 ($875,917 with townhomes included)
2014 $ 886,600 ($801,250 with townhomes included)
2015 $ 971,750 ($802,357 with townhomes included)
Inventory is still low in Goleta and interest rates remain low, but are predicted to increase. I continue to be optimistic about the residential real estate market for 2016. Winchester Commons is in demand. I am getting calls from buyers who are looking to move into this beautiful development. If you are thinking of selling, please give me a call.
If you have an interest in knowing the value of your home within our current market, I would be happy to assist you. I can be reached at 805-448-7887 any time.
Wishing you and your family all the best in 2016!
Gail
