Tuesday, April 1, 2014

Home Prices in Salinas, CA continue to rise in 2014 First Quarter

Home Prices in Salinas, CA are continuing to rise in the first quarter of 2014

by Terri Woods - Terri sells real estate in Santa Cruz County and North Monterey County

Salinas, CA is continuing the increase in the value of single family homes well into the first quarter of 2014, and that trend is expected to continue.  Over all, Salinas, CA experienced a 25% increase. Housing statistic predictors indicate a continue rise of approximately 12% for the next 12 months.

Median Listing Price: $359,670
Median Sold Price: $334,400
Median Price per square foot: $228
Median Days on Market: 28

Over 13% of homes currently listed are Distressed Properties (Foreclosures and Short Sales).

So, what does all this mean?

If this trend continues, SELLERS will continue to gain equity in their homes.  Call me to see what your home is valued at on the local real estate market in Salinas. I will do a customized Market Analysis for your property. 

BUYERS need to consider buying as soon as possible. Be aggressive in your home search and be prepared Buyers.  Contact me for my FREE Smart Home Buyer's eBook - Tips to be the Best Buyer. It does make a difference in your negotiating power.


Search Homes for Sale in Santa Cruz County (Santa Cruz, Capitola, Aptos, Rio del Mar, Watsonville, La Selva Beach, Pajaro Dunes) and North Monterey County (Aromas, Prunedale, Moss Landing, Salinas, Marina, Castroville, Seaside, Spreckles)
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