March 7th, 2016
Currently, there are 65 properties pending sale here in Davis. That’s quite the healthy number… And it looks as though those pending sales that close escrow in March 2016 will likely close for an average price very close to the average price for the February 2016 closings.
The February 2016 closings are attached here… CMA Report Feb 2016
Last month the average price per square foot was $331.23. Last February (2015), the average price per square foot for those 23 properties was $320. The average sales price to list price ratio was 99.98 last month (8 of the 26 homes sold for above the asking price (one of which was a listing of mine) and the sales price to list price ratio for last February (2015) was 98.99.
Things seem quite stable right now.
Andrew Dowling (530) 902-3999
February 8th, 2016
Today, It’s sunny and 70 degrees. Feels like spring already.
Here are the stats from last month… CMA Report Jan 2016 Last month, there were 29 sales in Davis. That’s a fairly significant jusm from last January (2015) when there were just 14. The average price was $334.48 last month and $311.67 that month last year.
It’s a good time to both buy and sell depending on your perspective.
Call me with questions.
January 5th, 2016
Most indicators point to a normal real estate market this year. Given the predictions I’ve seen (from National sources, the California Association of Realtors, and local sources, it looks as though the number of sales in the Davis area in 2016 might be about 5% higher than 2015 and the prices, some experts predict, will also rise approximately 5%. We’ll see…
Here is data from last month… CMA report Dec 2015
There were 33 sales in December (last month) and these properties sold for an average price per square foot of $339.41. This figure is about $5 per square foot (about 1.5%) higher than I predicted in my blog from last month. The only slight surprise (anomaly?) from December’s stats was that the properties that sold were on the market for an average of 33 days. That’s significantly lower than the prior month (54 days) and from December of 2015 as well (61 days).
Considering buying or selling in the area? Call of email me anytime.
Andrew (530) 902-3999
December 7th, 2015
Happy holidays everyone!
I was very surprised when looking over last month’s stats… Here are November’s stats… CMA Report Nov 2015
What surprised me was the price per square foot of the properties that are “pending sale”. $345.28 is relatively high considering things typically slow down a bit in Davis in November and December. Now that $345 figure is a pending price per square foot, not an actual price AND there are some lower priced “pending bring backup” properties, so the actual price per square foot for Davis in December will likely be in the $330 to $337 range.
October’s sales closed at $325.64 per square foot and November’s sales were at $325.24 so, like I said, I’m a bit surprised that December’s average will likely be about $10 per square foot higher.
Not a huge deal in the larger picture mainly because all the other statistics (total number of sales, number of days on market,, etc.) are all pretty typical.
If you have any questions, of would lie to buy or sell in Davis or Woodland, call me at (530) 902-3999 anytime.
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