-MARKET UPDATE-
Hello, hello! Can you believe it? The holidays are upon us, and 2025 is nearly a wrap! We have a month and a week to go. I will not be cooking for Thanksgiving but do have a wonderful recipe to share (Ruth Chris' Sweet Potato Casserole). I'll be burning calories Thanksgiving morning at a small/informal 5k followed by a scenic road or mountain bike ride. Haven't quite decided yet - will depend on the weather. Hopefully everyone stays warm and dry (if that's the preference)!
In real estate news, inventory continues to drop with 70 active and 30 pending homes on the market. Over the past two weeks, we have seen the following:
- Twelve new listings came on market - four have gone pending.
- Median active price $892,500 (average active price $843,486).
- Twelve listings went pending.
- Median pending price $628,500 (average pending price $661,069).
- Seven of the pending listings received multiple offers including ten on Mulberry (major fixer). This is an improvement over the last time period!
- Thirteen listings closed escrow.
- Median closed price $765,000 (average closed price $871,000).
- Two closings received multiple offers.
- Four closings were cash and the remainder were conventional financing.
Overall, the most surprising aspect of this time frame is the uptick in multiple offers for pending homes. We went from just a few multiple offer scenarios a few weeks ago to a little surge. Will have to watch and see if a trend develops. Anyway, hope everyone has a safe and happy Thanksgiving. With gratitude...
The next newsletter will be December 11th. To access the Refresh Newsletter featuring neighboring communities, click or scan the QR codes at the bottom of this email.
Image description: Metrolist Chart showing active, pending, and closed listings in Davis
– NEARBY HAPPENINGS –
The Green Grass Snakes - December 4th at 7PM, 415 2nd St, Davis
The Davis Odd Fellows December 4th Thursday Live! show brings back the Green Grass Snakes. We’re calling this special holiday show a Classic Rock Christmas Celebrating the Beatles and More! The show will be a fun way to kick-start the holiday season with plenty of music to sing along with and dance.
– PICK OF THE WEEK –
Ruth Chris Sweet Potato Casserole Recipe
This Sweet Potato Casserole is creamy and topped with a brown sugar pecan crust just like they are at Ruth’s Chris Steakhouse. One of our family favorites and the perfect side dish at Thanksgiving dinner almost as important as the turkey, these sweet potatoes will turn even non-sweet potato lovers into avid fans.
– REFRESH NEWSLETTER QR CODES –
P.S. Click or scan the QR code below to follow our team Instagram account! Here you'll get the hottest updates on our listings and upcoming open houses!
Check out this article next
