Davis Market Rocks: 79 Pendings in April
April 29th, 2008 Categories: Davis CA Real Estate, Davis RE Trends, RE Week in Review, Real Estate News
Wow! Slow to start and then it came all at once…during April there have been 79 sales and pendings in Davis! There are 145 listed single family homes…meaning that we have just slightly less than a 2 month supply of homes in Davis.
77% of the listings sold were Coldwell Banker listings. What does this mean to you? If you are selling you will get greater exposure before your home even goes on the market. If you are buying, you will hear about your home before it hits the market if you are working with Coldwell Banker in Davis.
Overall in year to date sales, Davis is down 46% from this time 2007. Interestingly, the very down nearby markets are up from 2007 - Woodland +27%, Natomas +37%, Elk Grove +36% and West Sacramento is +18%. Investors are coming in hoards to the land of short sales and foreclosures.
Back to Davis, here is a snapshot of price per square foot for two ranges of homes:
1200 - 1600 sq ft homes 2000 - 2500 sq ft homes
2005 $372/sf $325/ sf
2006 $353/sf $313/sf
2007 $337 /sf $310/sf
2008 $323/sf $290/sf
Overall prices are down an average of 11% from the height of the market in 2005.
-Jamie Madison
