Davis housing market appreciation

One question that buyers are asking  is real estate in Davis a good investment.  Here is  the year to year percentage change for Davis Residential Average Sales Price for the past 20 years.

Year                 Average Sales Price                  Percent change

1987                   $128,000                          
1988                   $154,300                           +21%
1989                   $192,200                           +25%
1990                   $234,700                           +22%
1991                   $246,600                           + 5%
1992                   $243,200                           -  2%
1993                   $205,200                           -16%
1994                   $187,900                           -  8%
1995                   $191,600                           + 2%
1996                   $195,400                           + 2%
1997                   $203,500                           + 5%
1998                   $213,500                           + 4%
1999                   $231,500                           + 9%
2000                   $266,600                           +15%
2001                   $317,500                           +19%
2002                   $381,400                           +20%
2003                   $436,174                           +14%
2004                   $534,618                           +23%
2005                   $605,895                           +12%
2006                   $596,922                           - 1%
2007                   $575,112                           - 4%

 
YTD 09/25/2007

Source 1987-2002 (Lyon Real Estate File information)

Source 2002-2007 (Metrolist MLS)

There have been many more years of positive appreciation than negative.  The total appreciation for the past 20 years is close to 349%.  Now is the time to make your move if you have been thinking about moving to or buying a home in Davis. If your objective is to be in Davis long term, there is not a substantial reason to wait. 

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