Andrew Dowling

84 Homes are currently pending sale here in Davis.  That’s a healthy number for this time of year.  april-cma-report.pdf

As far as properties that have closed escrow, you can see that there were 42 closings in April, 2012.  That’s 4 more than April of 2011.  I think it’s interesting to look at all of last April’s statistics and compare those figures to this year’s figures…  The average price of the 38 homes that sold last April was $439,947.  This April, that figure was $453,328.  The number of days these homes were on the market was almost identical.  And the “sales price to list price” ratio is higher now (98.4%) compared to last April (97.53%).

If you have any questions about buying a home in the area, the real estate market, and/or preparing your home for sale, please call me at (530) 902-3999 or email me at Andrew@DavisCalifornia.com

As the weather heats up, we’re seeing more Davis homes selling.  There are currently 68 properties in escrow per the latest attached ”sales report” march-cma-report.pdf.  Within the month of March, 37 homes sold  and those homes sold for an average of $252.76 per square foot.  That’s 2.1% higher than last month and 3.7% lower than last March (2011).

If you look at the current pending sales… I haven’t done the math to combine the two categories (”Pending” and “pending bring backup”) and haven’t determined which of the properties currently pending sale will be closing this month, but I would estimate that April’s closed escrows will show an average price per square foot within $2.50 of March’s figure (less than 1% difference).

Call or email me with questions… Andrew@DavisCalifornia.com

Andrew 530-902-3999

The number of sales within Davis in February were down from last year (18 this year compared to 25 last February); however, the number of homes pending sale right now compared to last year at this time is higher (54 Davis properties pending sale right now compared to 41 at this time last year).  I suppose that things even out over time.

Here are the most recent sales in Davis… feb-sales.pdf

As you can see, the average sales price is $424,481, the average price per square foot is $247.52 and the average “sales price to list price ratio” is 97.94%.

Last Febuary, the average sales price was $421,959, the average price per square foot was $267.43 and the average “sales price to List price ratio” was 96.94%

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.  Last week, I received a call from a homeowner wanting to know the approximate value of their property and they didn’t leave any contact information so…  If you call, be sure to leave a phone number or email address so that I can get back to you.

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

To me, January seemed like a slow month in Davis.  The numbers, however, don’t support that.  This “CMA Profile” report jan-2012-cma.pdf shows that there were 15 sales in Davis in January, 2012.  I compared this to 2010 and 2011.  There were 12 sales last year (Jan 2011) and the January before that (2010) there were 13.  So, there have been more sales than the previous January(s).

 As far as the prices, January’s closings sold for a higher price per square foot than last year (almost 10% higher).  This year (Jan 2012) the 15 sales closed for an average price per square foot of $272.65.  Last year, the 12 sales resulted in an average price per square foot of $248.8.

These “sample sizes” are low so we shouldn’t place too much weight on the information, but this is one indicator that 2012 is looking like a  relatively normal year.

 For additional information call (530) 902-3999 or e-mail AndrewDowling@comcast.net

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