Winters sees largest real estate growth rate for third year in a row

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Yolo County’s real estate market has grown by nearly $1.5 billion in the past year, with the City of Winters experiencing the highest county-wide growth rate for the third year running, according to county data announced July 11.

On Thursday, June 27, Yolo County Assessor Jesse Salinas closed the 2019/2020 Assessment Roll, an annual compilation of county property assessments used to calculate property taxes, which revealed county real estate appreciated in value for the seventh year in a row.

“The 2019 Yolo County Assessment Roll demonstrates the continued strength of the Yolo County real estate market as every area within Yolo County recorded an increase,” Salinas said.

The 8.2-percent increase in Winters means the combined value of the city’s commercial and residential properties grew by $48 million since last year’s report. Winters real estate is currently valued at nearly $636.5 million, or 2.2 percent of the county’s $28.7-billion market.

Winters hosts the smallest city-wide market among the four cities included on the Assessment Roll summary, Woodland $6.4-billion market the second largest and more than ten times the size of Winters’.

Woodland’s 7.08-percent increase was the second highest among Yolo County cities, followed by Davis at 5.35 percent and West Sacramento at 5.16 percent, with markets appreciating by $425 million, $456 million and $365 million respectively.

Values in unincorporated areas experienced a 4-percent increase with a county-wide increase of 5.5 percent.

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