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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

 

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