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Here is a quick comparison of how the real estate markets in Davis and Woodland, California fared in 2007 versus the year end totals for 2006. First, let's look at Davis: DAVIS,California 2006 2007 Change Number of Homes Sold 531 507 -4.50% Median Price $569,000 $525,000 -8% Average Days on Market 55 58 + 3 Average Price $596,922 $570,320 -4.50% Total Dollar Volume for Market $633,931,400 $578,304,200 -9% Now contrast these numbers with a similar report for Woodland, just six miles up the roa... Read Full Post

Every day and every night lately, we are bombarded by media stories about how terrible the real estate market is, and how these bad days are going to last for years to come. While there are problems associated with the large inventory of homes on the market, and many foreclosures occurring in many markets around the country, sometimes we need to balance the sensational bad news with some reasoned analysis. In my email, I received the text of a speech given last month by Gary Watts, a real est... Read Full Post

August 2007, New Home Sales and Existing Home Sales figures differ. Existing Home sales in Yolo County remain worse than sluggish, but prices seem to be holding steady. While August saw a drop of almost 35% in the number of existing homes sold, the median price fell just 1% from where it was a year ago. Good news for homeowners in the area. New Construction - On the other hand, the number of new homes sold in August fell just 13% from last year and was actually up substantially from the low i... Read Full Post

April 2007 sales remain slow, but prices holding firm for existing homes The housing figures for Yolo County are skewed by two things. First, developers are cutting their prices on new homes in order to get rid of inventory, so the median price of new homes sold in April dropped 12.5%. This is balanced by an actual increase in the median price of existing homes sold, which went up 4.2% in April, over prices a year ago. When combined this works out to a drop in the median price of just 1.7% ye... Read Full Post

Spring Weather has Brought out the Buyers! Below are some current statistics which reflect the health of the housing market in Yolo County and Sacramento County. Information includes the number of homes sold year-over-year and the median price of homes sold year-over-year. The good news is that we seem to have hit a price bottom in January, February and March 2007, as the median price in Yolo County has remained almost flat for those three months. The number of homes sold is down year-over-ye... Read Full Post

Below are some current statistics which reflect the health of the housing market in Davis, Yolo County, and Sacramento County. Information includes the number of homes sold year-over-year and the median price of homes sold year-over-year. As you can see, real estate market activity in Yolo County has slowed in the last 12 months, and the glut of homes on the market in 2006 caused prices to slip. The good news is that we seem to have hit bottom in December and January. February activity was sl... Read Full Post