* note - My webmaster and husband Tom is the guest writer of this post today... How many of us have had this experience …. You travel overseas for a few days. When it comes time to catch a flight home to the US, you rush to check your bags, get through security and find your gate. When you finally get home, you empty your pockets placing the contents on top of the Dresser. It’s then that you realize that you forgot to exchange the foreign currency in your pocket back into good old America... Read Full Post
After dropping to 36 homes sold in July, with the Average price per square foot falling below $300, sales of single family homes in Davis, California rebounded slightly in August. As you can see, the number of homes sold steadily increased each month to a peak of 65 in June, then fell off to 36 in July. It has now rebounded to 46 in August. Meanwhile, the average price per square foot has remained in the $300 to $335 range all year. There are currently 112 single family homes and 20 condos li... Read Full Post
According to the June real estate reports from the Sacramento Bee , Home prices in Sacramento and Yolo County have dropped by 27% to 30% from a year ago, and this price drop has spurred a buying frenzy which has shot homes sales volume up 30% to 60% over the June 2007 activity. But the little town of Davis, just 12 miles west of Sacramento and sitting in the heart of Yolo County, is bucking this trend. For Davis, the median price has dropped just 6% from a year ago, and maybe because of that,... Read Full Post
On Tomorrows "Today" show on NBC (Wednesday, May 28th), Davis, California will be featured as one of the five friendliest cities in the United Sates. It was so named in a recent book by NBC contributor Barbara Cook entitled "Nextville: Amazing Places to Live the Rest of Your Life". Davis has been known as a bicycle friendly town and has received national, and international attention for its progressive housing developments. In the late 1970's and early 80's, First Lady Rosalynn Carter, Prince... Read Full Post
I have been sensing an increase in activity in the Davis real estate market , as well as the rest of Yolo County, for the past 6 to 8 weeks. As my previous posts revealed, the buyers came out with the spring weather in northern California. The numbers year-to-date bear this out for existing homes sales, as the number of homes sold increased again in April, after an up-tick in March. Asking prices had to come down to spur the volume of home sales, thus the median price was going lower in April... Read Full Post
The Davis market has definitely heated up in the past 60 days. My buyer business has exploded and other agents I speak with say that their business is up also. Even the Home Inspection team I usually use tells me his company is fully booked and has been for a few weeks. The biggest increase in business seems to come from out of town buyers, specifically the parents of students attending the University of California at Davis. Many more parents these days are savvy about the financial advantage... Read Full Post
Speaking of the greater Sacramento Region, it seems as if $200,000 is the level at which demand steps up to meet the supply. Reports are that homes at $200,000 and below are experiencing multiple offers as of late. My previous post points out however that precious few of these low priced homes are available in Davis and Winters. Woodland and Sacramento seem to have more supply. As mortgage requirements get tighter, it is investors filling the void. First time buyers struggle against current e... Read Full Post
I was recently comparing the available homes for sale in three of the markets I serve.....Davis, Woodland and West Sacramento, California. I was looking at the three markets from the perspective of a single-family home investor or a first time buyer. The object was to find a single family home with 3 bedrooms, priced at less than $225,000. This would be a good home for an entry-level buyer, or could also be an attractive rental home, depending on your investment goals. The three cities could ... Read Full Post
I have noticed in the last two weeks that business is picking up. Now, maybe this is just the post-Super Bowl surge and the warmer weather we are having, but I think it's more than that. Web site traffic has picked up. Agent hits on my MLS listings have increased markedly. My open houses have been very busy the last two weekends, the kind of open houses where there are two or three groups of people in the home at the same time. At one open house I had to extend the time because people just ke... Read Full Post
Armed with the knowledge of recent results and current market conditions can make you a better buyer and a more savvy seller of real estate in the Davis and Woodland California markets. By studying the market, a buyer will be able to "buy right" and a seller will have a more realistic expectation of how long it may take to sell their home in todays real estate market. Toward that end, I supply my readers with recent market results and current conditions on a regular basis. Here is the January... Read Full Post
© Copyright Real Estate Webmasters 2004-2010, All Rights Reserved. Terms of Service