Davis prices dip below $300 per square foot
Wednesday, December 17th, 2008The attached Market analysis report (CMA) cma_2008-12-17_1438.pdf shows that the average price per square foot of all the Davis properties that closed escrow in the last 45 days is $283.22. Another thing that jumped out at me when I looked at this report was that the average “sales price to asking price ratio” for these homes was 94.51%. For Davis, that is the lowest level that I can ever recall seeing. (I haven’tconfirmed this statistically, but can certainly look into this if anyone is interested).
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Andrew (530) 902-3999 andrew@DavisCalifornia.com