– MARKET UPDATE –
Hello, hello!
Hope everyone enjoyed the last few days of sunshine! It looks like we might get a bit more rain. If you're like me and not a big fan of it, don’t worry—this year is flying by. Summer is just around the corner!
This weekend, I took advantage of the sunshine and completed my first half marathon at the Kaiser Permanente Napa Valley event. After months of training, it felt incredible to cross that finish line!
In real estate news, I helped my clients close on their second investment property in Oak Park. I also joined Maria West at her open house for a beautiful condo in the Pajaro development in Davis.
In West Sacramento, there are currently 74 active properties on the market and 29 pending properties.
Over the past two weeks, we have seen the following:
- 18 new listings came on market.
- Median active price $496k (avg $515,078).
- Nine listings went pending.
- Median pending price $525k (avg $582,310).
- Three of the pending listings received multiple offers, including 7 on 2132 Manchester St.
- Thirteen listings closed escrow.
- Median closed price $490k (avg $533,804).
- Five closings received multiple offers.
- Five closings were under the list price.
- Eight closings were conventional, 2 FHA, 1 cash, 1 VA and 1 creative financing.
For reference, during the same time period last year there were 25 closings, the median price was $651,000, and 3 closings were cash!
If you have any questions about the market or need assistance with your real estate goals, don't hesitate to reach out. I’m always happy to help guide you through the process! The next newsletter will be Thursday March 20th.
To access the Refresh Newsletter featuring neighboring communities, click or scan the QR codes at the bottom of this email.
Best,
Marcela Cardenas
(916) 384-5661
[email protected]
DRE# 02251851
Image description: Metrolist Chart showing active and pending listings in Davis
– NEARBY HAPPENINGS –
Ballroom Social Dance | Every Saturday 6:15-9 PM | 2534 Industrial Blvd, West Sacramento
Join for ballroom dancing every Saturday evening. Get your groove on as Spotlight’s DJ will play a variety of tunes to get down to. New to dancing? They have you covered with a beginner-friendly lesson in different dance styles every week, plus mini lessons throughout the night. You will meet lots of great friends as you learn to dance. No partner is necessary.
For more info: http://spotlightballroom.com/ballroom-social-dances/
– PICK OF THE WEEK –
Recipe: Blueberry Ricotta Breakfast Cake by Barefoot Contessa, Ina Garten
Picked by Maria West
From the cookbook, Go-to Dinners Recipe
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P.S.
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