Somersett Statistics - Somersett Stats
We have a new feature, you can click here to get all Somersett homes that have sold in the last 6 months.
Since January 1 of 2018 Single family homes up 5% - Del Webb up 8% - The Village and The Vue up 8% - read below for more detail on each.
Welcome to our new Somersett Stats page. We will update this page at the beginning of each month so you will have a very good idea of what property values in Somersett are doing. Somersett is one of the most active areas of town as far as homes selling and demand right now. If you are a seller and are looking for more specific stats on a particular neighborhood in Somersett, shoot me an email or call. If you are a buyer ready to write an offer and looking for the same information just fill out the form below and let us know the address.
For a list of all the solds that David, himself has sold - CLICK HERE
For the purposes of this page we will break it into 3 different categories - single family homes, The Vue/Village and Del Webb. Lot values are more slow moving so they will not be included here. We will give you a current snapshot of what each of these is currently selling at compared to the 12 months prior. There is a form at the bottom of this page you can fill out if you want stats specific to your home in Somersett.
Forget a "Zestimate", This is a "Davestimate", much more accurate, remember Zillow has never seen your home, I probably have! You will have the value of your home within 24 hours. Remember to tell me about any special features you have and the condition of your home. With over 400 sales in Somersett, I have been the top selling Somersett agent since 2005.
Single Family Homes In Somersett
So far since January 1 of this year there have been 106 homes that have sold (today is December 5) compared to 110 for all of last year. Keep in mind this does not include Del Webb or the Village and the Vue. The median dollar per foot in 2017 that homes sold for was $211.00 and in 2018 so far it is $223.00 per foot for an increase of 5% as of today. The lowest price home so far this year has been $400,000 and the highest has been $1,850,000 or $328.00 per foot.
Since June of this year the market has been very soft due to rising interest rates, election, tariffs and fear that the market has reached a peak. Predictions for our market in 2019 is probably an increase of 2-3%, with 2/3 of our buyers are still coming from Northern California and are going to keep our market above water. The luxury or high end market in Somersett has been doing great with sales of $340, $350, $360 and $425 per foot. There is a link below for the most recent 2018 solds.
Fill out the form at the bottom of the page for a estimate of value on your home.
Del Webb - Sierra Canyon in Somersett
So far since January of this year, there have been 63 Del Webb homes that have sold in 2018 compared to 92 that sold all of last year and been reported through our MLS system. In 2017 the avg dollar per foot that homes were selling for was $239.00 per foot. It all comes down to location on these and whether or not they have a view. So far this year the average price per foot for a Del Webb home has been $261.00 per foot or an increase of 8%. I do think this number can change because as of this writing there are 24 Del Webb homes on the market, compared to a normal of about 12-15, and quite a few of the ones on the market have dropped their prices 3-5%. This could show up in the stats for the spring of 2019. The good lots are definitely getting a premium and are still selling well. Also, we were definitely getting some push back from buyers on the location of the current phase of new homes being sold in Del Webb. The builder Pulte Homes is done building in Somersett and in my opinion the values have gone up more because of this. If you are looking to buy we can email you a current list of Del Webb Homes on the market. Click the link below for the most recent sales for 2018.
The Village - The Vue in Somersett
In the Village and the Vue, this year there were 47 homes that have sold since January of this year, compared to a total of 39 that sold for all of last year. The median selling price was $170.00 per foot in 2018 and $157.00 per foot in 2017 for an increase of 8% . That is great news for this product, it typically lags Del Webb and regular single family homes in Somersett. For the last 2 years these units have done actually better than a single family home or a Del Webb home.There is definitely more demand in the Village than the Vue (better location) and the Village would have sold for more than the Vue. There is still a huge demand for this type of product in Somersett.