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October Home Sales in Watsonville Are Good News for Sellers

The higher prices are a good sign for sellers and cities that rely on property taxes to fund city services. For buyers, the news may not be so good.

The median price for a home in Watsonville was $300,000 in October 2012, a 15 percent increase over October 2011 prices. There were 39 homes that changed owners in Watsonville in October.

The price data was released on December 13 by the San Diego-based real estate tracking firm DataQuick.

According to DataQuick, nearly 7,800 Bay Area homes changed owners in October. The median price for a Bay Area home was $416,000.  Sales volume was up 160 percent in Watsonville as well. 

The San Francisco Chronicle reports that the generally higher prices for homes are due to a confluence of tight supply, high demand and low interest rates on mortgage loans.

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Community Number Sold Median Price Oct. 2012 Median Price Oct. 2011 Percent Change

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Watsonville 39 $300,000 $260,000 15.38%

More Watsonville real estate info:

           .        Homes for sale in Watsonville

           .        Rentals

           .        Home values

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