– MARKET UPDATE –
Hello, hello! Busy weekend with open houses, showing homes, writing offers, and trying to squeeze in some nature. Need to maintain work life balance! I went to Annadale State Park in Santa Rosa. It's absolutely beautiful and should you decide to take a tumble off your mountain bike, you will be greeted by a really soft landing in POISON OAK! You could forego the poison oak and enjoy one of the local happenings which are included at the end of this newsletter (curated by us!).
How's the market, you ask? Too early to draw conclusions, but I am happy to share the data and my opinions as usual. We currently have 79 active listings on the market in Davis.
- 36 new listings (15 have already gone pending).
- $907,250 median and $1,002,833 average list price.
- The prices seem to be shifting up.
- Twenty listings went pending.
- Median pending price $797,000 (Average $920,000).
- Nine of these received multiple offers - including six offers on 1213 Purdue. Happy to report I successfully negotiated on behalf of the prevailing buyer! The property at 53 College Park received four offers. Both of these competitive situations were absolutely gorgeous (and architecturally interesting) homes.
- Eighteen listings closed escrow.
- Median closed price $873,000 (average $1,050,000).
- Nine closings received multiple offers - the highest number of offers was four.
- Five properties closed higher than the list price and all were multiple offer situations.
- Five closings were cash, twelve were conventional, one was VA and the last was unreported.
Overall, we are watching the market closely to see if any trends emerge. It looks like bigger/luxury homes are coming on the market with a bit more frequency, but that is an anecdotal observation. If I have time, I will go back and look at last years numbers to compare. The next newsletter comes out April 17, 2025.
PS If you read this newsletter, please send us a quick note. It goes out to a broad audience, and we are considering paring down the list to people who read/appreciate it.
Image description: Metrolist Chart showing active and pending listings in Davis
– NEARBY HAPPENINGS –
Davis Craft and Vintage Fair | Sunday April 6th 10 AM - 4 PM | Davis Central Park Pavilion
Spring is here and we know you've missed the Davis Craft and Vintage Fair! We are one week away from April 6th and can't wait to show you all the amazing vendors that will be out at the Pavilion.. Enjoy handcrafted and unique products made local in the Davis community.
Shower for the Shelter | Saturday April 5th 9 AM - 3 PM | Resource Center 441 D Street Davis
Save-the-date for Empower Yolo’s annual "Shower for the Shelter" to support survivors of domestic violence, sexual assault, and human trafficking at their safe house.
The in person drop-off event is on Saturday, April 5 from 9am-3pm at 441 D Street, Davis. If you can't make it to the event, donations can be dropped off any time in April at our Davis or Woodland office during office hours.
Picnic Day | April 12th | Various timses and locations
Picnic Day is one of UC Davis’ most revered traditions and serves as the university’s annual Open House for prospective and current students, families, alumni, staff, faculty, and the greater Davis and regional communities. Picnic Day info
– PICK OF THE WEEK –
Estelle Bakery & Pâtisserie
Picked by: Maria West
Check out Estelle Bakery & Patisserie as they open up their new location in Davis! Soft open hours: Tuesday- Saturday 7am-2pm. Located at 2710 5th Street Davis, California 95618
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P.S.
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