Spring Has Sprung for Davis Real Estate Market

The Davis, California real estate market has always had a seasonal component in that sales increase in the spring until late summer and then they tail off until the following spring. The weather and the University school year are two factors that contribute to this cycle.

To see a three year graph that illustrates the cyclical nature of the Davis market, check out my Davis real estate market page.

It's no surprise then that sales in April 2010 are up. The good news is that April 2010 is much better than April 2009.

The short version is that the number of homes sold in April 2010 is 25% higher than the year before, while the median price of homes sold is up 8% from last year.

In addition, homes are selling faster than they did last April.

Best of all, the average price per square foot is holding firm. While other markets have picked up, because home values have dropped, the Davis market has been able to hold onto value better than most. The average price per square foot for homes sold is nearly the same as it was last year at this time.

Good news on all fronts !

The graph below provides the details;
 

If you are thinking of selling your Davis home, it is wise to get in front of the wave of buyers that appear in the Spring and then goes away in August. More buyers means more people interested in seeing and buying your home. This translates into a faster sale and a higher price for you.

Don't wait until Fall when the market slows down. Call me today at 530-219-SOLD and catch the wave of buyers.