December closings
Here are the closings for the month of December 2009 (as well as the properties within Davis currently pending sale)… dec-09-closings.pdf
It is very interesting to look at these numbers as the properties pending sale are pending at a price of approximately $300 per square foot (slightly below when you factor in the “pending bring backup” properties). The average sales price per square foot for these properties will likely be in the low $290’s which is higher than both last December/January and last month (Nov ‘09).
On the other hand, most of these properties are lower priced homes. Not may high end homes are selling as evidenced by the lower median price in Davis… Which will very likely be under $400,000 in January (unless several higher priced homes sell this week with very short escrow periods).