Archive for September, 2008

Davis prices are still hovering at $300 per square foot

Wednesday, September 3rd, 2008

Prices of all Davis properties that closed escrow in the month of August was $302.82 per square foot (see attached).

aug-2008-sales.pdf

Not much of a change from previous months.

In September, we’re likely to see more of the same…  see the average asking price per square foot of the homes currently pending sale. When you combine the “pendings” with the “pending bring backups”, then multiply by .9715 (the September sales price to asking price ratio), you’ll end up with a number very close to $300 per square foot.

 Andrew@DavisCalifornia.com