June 3rd, 2013
Last month, I was a bit surprised to see that on average Davis homes sold for above the asking price (April, 2013 closed sales). Last month homes sold for even more… Check out the sales information for the month of May, 2013… May CMA Report
In May, properties sold for an even higher average of 100.32% of the list price. Furthermore, the average number of days these 67 homes remained on the market was just 29 days (down from 40 last month and 62 days in May, 2012). Not surprisingly, prices are up too. The average price per square foot last month (May, 2013) was $288.30 (the month before was $278 and last year (May, 2012), the average price per square foot was just $250).
If you have any questions about buying, selling, and/or current market conditions, feel free to call 530-902-3999 …or… email me Andrew@DavisCalifornia.com anytime.
May 3rd, 2013
As we approach June, the real estate market here in Davis is showing no signs of slowing down.
Here are the latest statistics… CMA report April
As you can see, the average price per square foot in Davis last month was $278. That’s a 4.5% rise over last month (3/2013) and 10.4% higher than last April (4/2012).
Also, homes sold for more than the asking price (on average) last month… 100.02%.
Considering homes sold for 100.02% of the list price, it appears that the properties that are “pending sale” and slated to close during the month of May, 2013 will easily close for an average price per square foot that is higher than the $278 figure.
If you would like a comprehensive market analysis, would like to see any homes, or would like to discuss placing your home on the market, call me at (530) 902-3999.
April 8th, 2013
Happy Spring! I hope everyone had an enjoyable Easter and/or spring break.
I’ve just reviewed the property sales within Davis in the month of March, 2013 as well as the the current “pending sales”.
CMA Report March 2013
There are 92 properties currently “pending sale”. Last year at this time (2012), there were 68 properties pending, and the year before that (2011), there were 45 properties pending in early April.
Of the properties that closed escrow in March, there were 32 and they closed at an average price per square foot of $266.27. This is down from last month, but up from last year. The average number of days that these sold properties remained on the market is slightly lower than last month (65 from 70) and slightly higher than last last March (60).
March 4th, 2013
CMA report Feb 2013
There were 26 sales in Davis last month. That’s significantly more than last year and 2 more than last month. The average price per square foot for the 26 properties that recently sold was a relatively high $281.78.
There are still very few homes on the market so… if you’re on the fence about selling your home, now could be a good time to place your home on the market.
If you have any questions or would like to know what your home might sell for in today’s real estate market, let me know.
Andrew (530) 902-3999 or andrew@DavisCalifornia.com
February 5th, 2013
The local real estate market seems to have changed in the last few months.
The most significant change is the lack of properties to show potential buyers. Currently, there are only 30 single family detached homes on the market here in Davis (If you include condos and split lots (half-plexes), then there are 41 active listings). For a city the size of Davis, it would be best (ideal?) to have between 100 and 150 active listings at any given point in time.
Last month (January 2013), 24 properties closed escrow for an average price per square foot of $254.87. These homes remained on the market an average of 52 days. See report… jan-cma-report.pdf Last January (of 2012), just 15 properties sold. Those 15 homes were on the market an average of 96 days.
Also, there are 64 homes currently pending sale right now. Last year at this time there were 40.
Andrew (530) 902-3999
January 6th, 2013
Here are the Davis real estate sales within the month of December, 2012… dec-cma-report.pdf
There were 29 properties that sold last month and those 29 properties sold for an average price per square foot of $260.58. The $260.58 figure is 5.6% lower than the last month (November, 2012), 13.9% higher than last year (December, 2011), and almost exactly the same (within 1%) of the average selling price per square foot of all Davis properties sold within the last six months.
Questions? Comments? I’d love to hear from you.
Andrew (530) 902-3999 or andrew@DavisCalifornia.com
December 4th, 2012
Happy Holidays, everyone!
Here are all the sales within Davis for the month of November, 2012… nov-cma.pdf. Also include in this report are properties that are currently pending sale.
As you can see in the report, there were 32 sales last month. Those 32 homes sold for an average price per square foot of $276.14. Last November, there were 20 sales and those 20 properties sold for an average price per square foot of only $235.53 (Wow!). Also, the length of time that the “sold homes” remained on the market is lower this year (60 days vs 84 days last year).
andrew@davisCalifornia.com or (530) 902-3999
November 19th, 2012
A few weeks ago the following artice appeared in the Sacramento Bee…
In the article they’re citing a projection that home values “in the region” will rise by an average of 5.6% through the third quarter of 2013.
I’m not sure how the lack of inventory in Davis here in Davis compares to the inventory situation in Sacramento and surronding cities, but the lack of homes on the market here in Davis is likely to effect home prices in some way.
November 5th, 2012
Here are ALL the sales within Davis for the month of October (as reported by the MLS)… october-sales.pdf
There are some encouraging signs for owners of real estate here in Davis. Last month, not only did homes in Davis sell for more than last year (October 2012 vs October 2011, 2.3% more), AND no only did more homes sell (29 in ’12 vs 18 in ’11), but ALSO, the number of homes that are currently pending sale is MUCH higher. At this time last year, there were 29 properties pending sale in Davis. Now, there are currently 61 properties pending sale. This seems to be a big change!
Call me at (530) 902-3999 or email andrew@DavisCalifornia.com with any questions.
October 6th, 2012
Last month, September 2012, there were 40 sales in Davis (see report… sept-cma-report.pdf). Those 40 sales sold for an average price per square foot of $263.21. The average number of days these 40 homes remained on the market as active listings was 65.
Last September (2011), 36 properties sold at an average price per square foot of $267.53 and those 36 homes were on the market an average of 74 days.
Call or email me with questions.
Andrew (530) 902-3999, Andrew@DavisCalifornia.com