Andrew Dowling

Hello & Happy New Year!

The real estate market last few weeks seemed relatively slow to me; However, the numbers don’t really support that.  Yes, of course the market was definitely slow compared to the warmer months, but looking at this December (last month) compared to the last two Decembers, it was not slow at all.

Here are the closings within Davis for last month, December, 2011…  dec-2011-sales.pdf

Last December (2010), there were 25 sales (there were 23 in Dec, 2009).  As you can see… last month, there were 30 sales in Davis.  That’s a good amount of activity for a December.  Also the number of properties currently pending sale is 23 (as of 2:30pm on 1/3/2012), last year there were 20 properties pending sale as of 1/12/11.

FYI… The average price per square foot for the homes that closed escrow last month is about 8.8% lower than the closings in Dec of 2010.

Please feel free to call (530) 902-3999 …or e-mail me (Andrew@DavisCalifornia.com) with questions / to obtain more information anytime.

Andrew

Happy Holidays…  I hope you all had a great Thanksgiving and get plenty of quality time with your families this holiday season.

I just printed out all the sales within Davis the last two months (+pending sales) oct-nov-cma.pdf.  When comparing these figures to last year at this time, I was a bit surprised to see that there is more activity this year than last year.

Last year, there were just 30 sales in October and November and 26 properties were pending sale at the time.  This year, there were 38 Oct/Nov sales and there are currently 37 properties pending sale.  Also, the number of days the closed properties remained on the market was lower in 2011 and the sales price to list price ratio was higher. On the other hand, the average price per square foot is significantly lower now than it was last year. Last year, the average price per square foot for the 30 homes that sold within the time period was $269.50. This year, Oct/Nov sales closed at an average price per square foot of $246.69 (8.46% lower).

October’s figures are in… oct-cma-with-early-nov-pendings.pdf

As you can see, there were 18 sales in Davis this October.  Those 18 homes sold for an average price per square foot of $247.51.  The homes that are currently pending sale appear as though they, also, will close escrow at an average price per square foot figure that is relatively comparable to October’s averages.

If one were to compare this October to last October (October, 2010), they would find that the exact same number of sales occurred (18).  The average price per square foot for the 18 sales last year was $265.40 which (and one shouldn’t place too much weight on this as the sample size is quite low) is 6.7% lower.

For other market trends and/or any additional information about listings or placing your home on the market, contact me anytime at 530-902-3999 or andrew@DavisCalifornia.com

Andrew

The market always slows down some in the fall, but this year it seems to be a bit different.  Here are ALL the closed escrows for the month of September AND all the current pending sales for properties within the city of Davis… sept-cma.pdf

The average price per square foot for the homes that closed escrow in September was $267.53 which isn’t that different from last month and last year.  What may be concerning for sellers in Davis, however, is that the average price per square foot AND the average list price of these homes currently in escrow (pending sale).  They’re pending at an askingprice per square foot of $249.60 (and $239.03 in the “pending bring backup” category) and  it appears that the average prices will be lower in October too.  Why is this?  The lower average price is in large part because fewer expensive homes have been selling recently.  The lower price per square foot may be anomaly.  We’ll have to wait and see if this is a trend / continues.

As always, feel free to call or e-mail me with any questions (530) 902-3999 or AndrewDowling@comcast.net

September is here and the amount of sales activity is relatively strong.  At this time last year, there were 35 homes pending sale.  As you can see from the attached MLS report cma-aug-sept-2011.pdf, there are currently 45 properties pending sale.  10 more than a year ago. 

As far as sales (properties that closed escrow), there were 34 in August, 2010 and 38 in August, 2011.  The prices for those sales are almost identical (as far as the sales price per square foot).  In Aug 2010, Davis homes sold for an average price per square foot of $275.  In August 2011, Davis properties sold for an average price per square foot of $274 (less than a 1% difference).

For additional / different information OR to discuss the selling process, please don’t hesitate to call me.

Andrew (530) 902-3999 or email: Andrew@DavisCalifornia.com

Here are the sales within Davis for the month of July, 2011… july-2011-profile.pdf  

36 homes sold for an average of $260.13 per square foot.  Last year, the average price per square foot for July was $277 so this figure is down about 6% from last year. 

Also included in this “CMA profile” report are the Davis properties that are currently pending sale as of today, August 1st, 2011.  45 properties are currently pending sale.  These pending properties were on the market for an average price per square foot of $280.14 (+$292.15 for the 5 in the “pending bring backup” category).  So… for these properties that close escrow within the month of August, 2011, I would estimate that the average sales price per square foot will be somewhere in the $270’s.  This will be at least $10 higher than July’s average ($260.13) .

 Andrew

I hope you all had a happy and safe 4th of July.

Here are the sales within Davis for the month of June, 2011… june-cma-report.pdf as reported per the MLS at July 5th at 3:17pm.

There were 49 sales (closed escrows) in June and those 49 properties sold for an average price per square foot of $271.04.  That figure is 1.4% higher than the previous month (May, 2011) and 9.6% lower than last year (June, 2010).  There were about the same number of sales within Davis compared to last year… 49 this June compared to 50 last June (but there is ofter a sale or two that is reported late.

No surprises this month.  For a more detailed market analysis or any other information, call me at 530-902-3999 or email Andrew@DavisCalifornia.com

Perhaps the weather is to blame for the sales within Davis in May, 2011 not being quite as strong as expected.  Last month was cold and wet which is highly unusual for the central valley of California this time of year.

As you can see from the attached may-cma.pdf, there were 33 sales in Davis last month.  Those 33 properties sold for an average price per square foot of $267.35.

This $267.35 figure is a few dollars per square foot higher than last month, but 7.66% lower than May of 2010.  The number of sales (33) is also down from last year (51).  The number of properties that are pending sale is quite similar to last year.  There are currently 58 homes pending sale (in escrow).  Last year at this time there were 61 homes pending sale.

 These are a couple of helpful indicators concerning the local market conditions.  For a more detailed analysis or to learn the approximate value of your home given the current market comditions, call 530-902-3999 or e-mail me andrew@DavisCalifornia.com anytime.

Foreclosure activity decreased in April for the seventh straight month, bringing total foreclosure activity to a 40-month low, according to a new report from RealtyTrac.  For homeowners and/or sellers in California, this is good news.

Email or call me with questions or to obtain additional information.

Andrew@DavisCalifornia.com or 530-902-3999

Here are the sales within Davis for the month of April, 2010… april-sales.pdf    The average price per square foot was $264.49 for these sales.  This figure is about $10 less than April, 2010.  There were, however, more sales 39 (38 plus one not listed) this year vs April 2010 (31).

Based on the average price per square foot of the Davis homes currently pending sale, I estimate that the average price per square foot for all the Davis homes that sell in the month of May, 2011 will be very close to $270.

Email me at:  Andrew@DavisCalifornia.com or… call 530-902-3999