November 4th, 2015
I hope you’re staying warm as the temperatures drop.
The local real estate market is acting predictably. Here are last months sales / closings…
October 2015 CMA report
As you can see, 43 properties sold in October (last month). In the same month last year, there were 41. The 43 properties sold for an average of $325.64 per square foot. That is 9.7% higher than the previous October. The sales price to list price ratio last month was up (100.31%).
IF you have any questions about placing your home on the market or buying a local property, call me at 530-902-3999.
October 7th, 2015
Other than prices bumping up a bit and number of days on market dropping a bit last month, there isn’t much to report / note. Here is the data CMA Report Sept 2015 for the most recent sales in Davis.
If you look at the average price per square foot for September (last month) compared to September of last year, there was a 8.4% rise. That’s a bit higher than expected, but it’s a small sample size. If you look at the entire 3rd quarter vs the 2014 third quarter, the rise is a bit less (5% to 8% depending on how you look at the numbers).
If you have any questions about the local real estate market, please give me a call.
Andrew (530) 902-3999
September 8th, 2015
With the triple digit temperatures this week it doesn’t feel like fall just yet, but many schools are back in session and UC Davis classes will be starting soon. The local real estate market activity is typical for this time of year. Last month, 58 properties sold (see attached CMA report… CMA Report Aug 2015). The year prior (Aug of 2014), 62 homes closed escrow and in 50 sales occurred during August the year before that (2013).
Of the homes that sold last month, the average price per square foot was $327.62. This is down slightly from the month prior ($335) and up from last year ($305.63).
There are really no significant trends to note, but with the Cannery coming on-line, we might see some changes soon.
Speaking of the Cannery, each of the new home builders have sold homes. The town homes (flats) seem to be selling at the highest rate. I believe that 6 or 7 have sold already.
If you have any interest in the Cannery or have any questions regarding the local Real Estate market, call or email me anytime.
Andrew (530) 902-3999 Email: Andrew@DavisCalifornia.com
August 6th, 2015
I hope you’re all enjoying your summer. July here in Davis was pretty typical… More properties sold this July compared July of last year, but about the same number of properties are pending sale right now compared to this time last year.
Here is the most recent data… CMA Report July of 2015 Last month, 58 properties sold for an average of $335.71 per square foot. They sold in an average of about 29 “days on market” and sold for an average of 99.73% of their last asking prices.
Everything seems quite stable right now. It seem probable that The Cannery will effect that stability in some way later this year, but perhaps only in the over $650,000 price range.
If you have any questions or would like to buy or sell a Davis or Woodland property, please feel free to contact me anytime.
July 7th, 2015
When reviewing the June, 2015 stats from the property sales within Davis CMA Report June 2015, two things stood out a bit…
The average price per square foot is higher than both the previous month as well as June of last year. It was 334.84 in June, 2015. The previous month (May, 2015) it was about $320 per square foot and June of 2014 showed an average price per square foot of about $320 also. Not a huge difference, but not completely insignificant.
The other difference I noticed is that the most recent sales were on the market for a longer period of time, on average. In June of 2015, homes were on the market an average of 36 days. 25 days, on average, in May of this year and the homes that sold in June of last year (2014) sold in an average of 22 days.
Call or email me today for a detailed market analysis and/or to help with the buying and/or selling process.
Andrew (530) 902-3999 E-mail: andrew@DavisCalifornia.com
June 9th, 2015
Here are last month’s closed sales…CMA Report May 2015
This year, the figures are very similar to last year. This May there were 62 sales that sold for an average price per square foot of $323.66 in an average of 24 days for 99.91% of the last list price. Last May, 55 properties sold for an average price per square foot of $319.11 in an average of 30 days for 99.71% of the last list price. Not identical numbers, but quite close.
For a comprehensive market update or to start the home buying / selling process, call or email me right away.
Andrew (530) 902-3999
May 6th, 2015
There were 64 Davis properties that sold last Month (April). That’s a healthy figure… There were 40 during the prior month and 46 last April (4/2014). Here is the “CMA Report” from April. 2015… CMA report April 2015
As you can see, these 64 properties sold for an average price per square foot of $345.20. The homes were on the market an average of 31 days and sold for an average of 100.9% of the last asking price.
This data is historical and by no means comprehensive. Call or email me today to receive a detailed market analysis.
My Cell: (530) 902-3999 or my e-mail: Andrew@DavisCalifornia.com
April 6th, 2015
Here are the latest statistics for the Davis, CA real estate market… CMA March 2015
Last month 39 properties sold for an average price per square foot of $316.94. These properties sold for an average sales price to list price ratio of 99.59%
For comparison, Last year during the same time period, 35 homes sold for an average price per square foot figure of $293.41 for 98.78% of their last ask price.
Also, as busy as last year was, there are more properties pending sale now vs this time last year (87 vs 75).
Call me with any real estate question. I look forward to hearing from you.
Andrew (530) 902-3999
March 6th, 2015
Sales within the month of February were quite similar to Last year’s February.
Here is last month…CMA Report February 2015
This year (see link above) there were 23 sales that sold in an average of 61 days for 98.99% of the last asking price for an average of $320.03 per square foot.
February of last year, there were 21 sales that sold in an average of 47 days on the market for 98.74% of the last asking price for an average price of $296.34 per square foot.
The largest difference ratio-wise is the number of days the closed homes remained on the market… It’s a nearly 30% increase over last year, but I wouldn’t necessarily give that much weight as that stat tends to vary more than others.
Andrew (530) 902-3999
February 12th, 2015
I apologize for posting this month’s entry a bit late…
As you can see from the attached “CMA Report” for January, there’s not much going on concerning the local real estate market. CMA Report January 2015
The average price per square foot for the Davis properties that closed escrow in January was $311.67. Higher than last month ($305.05) and also higher than last year’s January ($291.04). The number of days the sold properties remained on the market (last month) was 70. That’s a bit higher than expected considering how few properties are currently on the market. Last year, January’s sales were on the market an average of 42 cumulative days.
If you have any questions concerning the local real estate market and/or buying or selling a home, feel free to contact me anytime.
Phone: (530) 902-3999, Email: Andrew@DavisCalifornia.com