Small changes in the average Prices and Days on market

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

 

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Very similar May numbers

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

Email: andrew@DavisCalifornia.com

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Busy April! May doesn’t seem quite as busy so far…

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

Andrew

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Busy March in Davis

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

 

 

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Much of the same

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

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This month’s posting is a bit late

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.

Andrew Dowling

Phone: (530) 902-3999,  Email: Andrew@DavisCalifornia.com

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2015 is here…

January 6th, 2015

Happy New Year everyone!

Here is a report showing ALL the properties within Davis that are currently “pending sale” as well as ALL the properties within Davis that closed escrow within the month of December (as reported by the MLS as of 1/6/2015 at 2:36pm).

CMA Report December 2014

I always like to look at these CMA reports and see if anything stands out.  What I noticed this month is that the number of sales is higher than the last couple of Decembers.  There were 48 sales last month in Davis.  Last December (2013), there were 35 and in December 2012, there were just 33.  This isn’t a huge difference and may not be a big deal, but it’s interesting to note.

By the way, the average price per square foot for the sold properties last month was $305.05.  Last year, it was $302.59 during the same time period.

If you have any questions or are interesting in buying or selling a property within Davis or Woodland, call or email me.

Andrew (530) 902-3999

andrew@DavisCalifornia.com

 

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Higher prices in Davis

October 6th, 2014

As we transition to the fall season, the real estate market here in Davis is going strong, as typical.

Prices are higher than last month as well as last year.  CMA Report Sept 2014

September was a strong month… The average price per square foot for the properties that closed escrow within the month is $314.37.  As mentioned, that’s higher than last month and last year (as expected).  Also higher is the Sales price to list price ratio.  Last month (September), properties sold for an average of 99.66% of the ask price.  In August, the month prior, properties sold for 99.27% of the last list price, and in September of last year, the ratio was 99.04%

This month (October of 2014), I expect this ratio to be lower than 99.66%.  This is simply an educated guess based on the time of year / the fact that fall has arrived.

I hope you all have a happy and safe Halloween!

Andrew 530-902-3999

Email: andrew@DavisCalifornia.com

 

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Nothing drastic to report

September 5th, 2014

 

Well, here are the stats for last month… CMA Report Aug 2014

August was typical… 62 homes sold for an average price per square foot of $305.63.  In August of last year, 50 homes sold for an average price per square foot of $297.02.

Last month (July), 47 homes sold for an average price per square foot of $319 so it may appear that things have cooled off a bit (as is the case each fall).  The number of days last month’s homes remained on the market before selling is up slightly, but still low- just 27.

We’ll see where the trends lead us… Contact me anytime.

Andrew

Cell: (530) 902-3999 or e-mail: andrew@DavisCalifornia.com

 

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Nearly back-to-school time…

August 5th, 2014

I hope you’re all enjoying your summer.  July here in Davis was pretty typical… Slightly fewer properties sold compared July last year, but more properties are pending sale right now than this time last year.

Here is the most recent data… CMA Report July  Last month, 47 properties sold for an average of $319.08 per square foot.  They sold in an average of about 20 “days on market” and sold for an average of 100.09% of their last asking prices.

Nothing earth shattering here.

If you have any questions or would like to buy or sell a Davis or Woodland property, please feel free to contact me anytime.

Andrew 530-902-3999

Email: Andrew@DavisCalifornia.com

 

 

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