– MARKET UPDATE –
Hello, hello! We're excited about the beautiful spring weather and the longer days! We're noticing more listings coming on to the market, which is typical for this time of year. The inventory is now up to 49 active homes. There a lot of confusion among the general public about what's happening in the market. Most statistics are nation wide. However, California does not equate to the entire US, nor does Davis equate to California. LOLIn 2019, from January 1 to April 18, there were 120 homes sold. During the same time period this year, only 91 homes have sold. That is a 25% reduction due primarily to a shortage in supply, not in a shortage of demand. We draw this conclusion from the number of multiple offer situations. As shown in the graphic, 28 new listings have come on the market in the past two weeks. Of those, 11 have already gone pending.
The pending inventory is increasing as new listings become available. Of the recent 22 pending properties, half multiple offers – 50 percent! The property with the highest number of offers was an LPA listing!
There were only six closings in the past two weeks. Out of these, five had multiple offers. Our listing on Mockingbird received the highest number of offers (5) and the higher percentage over the list price.
Please join us for an Open House at 2463 Torino St #1 in West Sacramento on Saturday 4/20 and Sunday 4/21 from 12-2
– NEARBY HAPPENINGS –
Picnic Day
Saturday April 20th I 8:00 am to 5:00 pm I Opening Parade: 9:30 AM - 10:15 AM: Grandstands on North Quad Ave. Across from Veihmeyer Hall
Picnic Day is one of the largest student-run events in the nation with more than 70,000 attendants every year. Everyone is welcome to attend this free event 8 a.m. to 5 p.m. Saturday, April 15. The full day of fun boasts more than 200 activities, including a parade, battle of the bands, fashion show, student organization fair, and even a wiener dog race. For the full Picnic day schedule click on the link below
https://picnicday.ucdavis.edu/events?title=&start_date=today&page=0
California Duck Days
Saturday April 27th I 9:00 am - 4:00 Pm I Yolo Bypass Wildlife Area Headquarters
California Duck Days is a family oriented, community-based outdoor festival with activities for people of all ages. On-site activities include wetland themed arts and crafts, live animals, nature trail games, interactive exhibits, and much more. Admission is $20/ per vehicle.
Map to the location : https://yolobasin.org/directions-to-the-ybwa/– PICK OF THE WEEK –
BOOK: Atomic Habits by James Clear
Picked by Lori Prizmich
A comprehensive, practical guide on how to change your habits and get 1% better every day. Using a framework called the Four Laws of Behavior Change, Atomic Habits teaches readers a simple set of rules for creating good habits and breaking bad ones.
BOOK: Supercommunicators by Charles Duhigg
Picked by Maria West
In "Supercommunicators," Charles Duhigg provides valuable insights and practical strategies for fostering meaningful connections and effective communication in various contexts, highlighting the transformative power of empathy, active listening, and understanding
P.S.
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