Davis Homes

Davis market snapshot

The housing market in Davis for most of 2007 has been fairly brisk with fewer homes on the market than during the corresponding time in 2006 and equal or greater  number of closed sales than what was seen last year.  July was an exception. 

July 2007 there were 135 single family homes listed for sale, 31 homes pending and 44 closed sales.

Inventory is still lower than last year, July 2006 saw 191 single family homes listed for sale, 47 homes pending and 61 closed sales.

There are several factors that seem to be slowing the market down in Davis. 

1.  The troubles in overall housing market.  Worries over financing, short-sales and foreclosures, while not a significant factor in the Davis market are starting to have a spill over effect even in a much more stable area.

2.  The media.  Constant stories about the turmoil in the housing market is worrisome to  buyers who are only fed spoonfuls of information. 

3.  Average active price is increasing.  The average active price in 07/2006 was $699,000.  Nearly every other place in the Sacramento Region has a lower average active price from one year ago.  Today the Average Active Price is $712,000. 

Statistical data courtesy of Trendgraphix.

I would be happy to provide you with specific data and how it relates to the value of your property or your home search.

Coming soon:  Is now a good time to buy a house?

Money Magazine's Best Places to Live 2007

Davis nor any other place in Yolo County made Money Magazine's top 100 places to live for 2007. 

Money's site still does have good information about Davis,  Woodland,  Dixon and Sacramento.  Two cities in the  Sacramento region were included this year in the top 100,  El Dorado Hills and Granite Bay.  Both Granite Bay and El Dorado Hills are communities with many newly developed homes.

Central Woodland update

Data for Central Woodland, May 2007 vs. May, 2006

At the end of May, 2007 the area of Central Woodland had 53 homes on the market, 8 pending sales and 9 closed sales.  The average list price was $416,000 and the average sold price was $317,000.   

May, 2006, Central Woodland had 61 homes on the market, 12 pending sales and 11 closed slaes.  The average list price was $472,000 and the average sold price in the area was $406,000. 

This neighborhood has many Victorian and Craftsman style homes and with a little patience you may be able to find a great bargain.

To search for your new home in Woodland, or anywhere in the greater Sacramento region, visit me at www.discoverdavishomes.com

Central Davis Market

Think the real estate market in Davis is slow?  While homes are not selling for the stratospheric prices  of 2005, the right house listed at the right price will draw attention.

This house on Elmwood Dr, just went on the market last week.  It is a rare find, a beautiful mid-century modern home that has been in the same family since it was built.  It is also on a large lot and has a  swimming pool.  There were 10 offers on this home.  Negotiations are ongoing, but it is a pretty safe bet that this home will soon have a new owner.

If you live in Central Davis and are thinking about selling, give me a call, now may be the right time to make your move.

Looking for a great home in Central Davis, let me help you navigate through the homebuying process.

Davis, CA MLS Market Update 3/14/07

As of today, March 14, 2007 there are 129 active residential properties for sale in Davis.  This  includes condominiums, halfplexes, 2-4 unit properties as well as single family homes. 

The least expensive property is a condominium is listed at $239,000 and goes up to $2.8+ million for a custom home in El Macero.

Many segments of the Davis market are picking up steam as we head into spring.  Homes that sat unsold during the fall and winter are now finding buyers.

Since March 1st the Davis market has 42 New Listings, 39 Pending Sales and 21 Closed Sales.

Contact me for more information about Davis.  I would be happy to work with you to buy your next home or sell your current home.

Carolyn Gjerde-Tu

Visit my web page at www.cgjerdetu.golyon.com or call me today at 530-297-2260.