Written by Carmen Isais
Digging up the Dirt on the Davis Real Estate Market: Thirty Days in Review
If you stop to believe the hype, one would think the Davis Real Estate market is, like its neighbors, is inundated with Short Sales and foreclosures. But, Davis is different. I've written that enough times now that I'm certain I'll have to write a blog entry by that very title. However, until then, here's the lowdown on closed home sales for the month of March.Seventeen Homes Sold - Average Sales Price $608,059
| Sold | ||||
| Selling Price Range | Quantity | Average DOM | ||
| $350,000 thru $399,999 | 3 | 79 | ||
| $400,000 thru $449,999 | 2 | 143 | ||
| $500,000 thru $549,999 | 1 | 60 | ||
| $550,000 thru $599,999 | 2 | 96 | ||
| $600,000 thru $649,999 | 2 | 108 | ||
| $650,000 thru $699,999 | 1 | 48 | ||
| $700,000 thru $749,999 | 2 | 31 | ||
| $800,000 thru $849,999 | 4 | 22 | ||
| 17 | 70 | |||
| Summary Price Information | |||
| Minimum | $379,000 | Maximum | $840,000 |
| Average | $608,059 | Median | $600,000 |
As you can see from the chart above, the month of March saw us with seventeen closed home sales with an average home price of just over $600,000. The largest quantity of home sales were in fact in the $800,000 plus, price range... hardly short sale material.
A closer look shows us exactly where the bulk of Davis Homes have sold his month.... and the winner is, South Davis, with a whopping eight homes sale in the neighborhood.
| South Davis |
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Sellers, there are buyers out there. And guess what? Not all of them are looking to move into a neighborhood populated with bank owned properties.
If you or someone you know is thinking about selling their home in Davis, CA, call on me to answer any questions regarding local market activity.
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