First Half Year Stats For Davis, California
July 22, 2013 by Johnny Brooks
The local housing market, like the rest of California has had a tremendous growth spurt through the first half of 2013. The first six months of housing in Davis could be defined as a rousing success. The number of sold homes were comparable to 2012 numbers, all other categories were greatly improved. Before we diagnose the pulse for the next six months, let’s take a closer look at the first six months.
# sold Price Avg. Days on market Price per sq. ft.
2013 totals- 254 $496,965 42 $280
2012 totals- 241 $450,550 77 $253
2013 Central- 34 $533,398 36 $318
North- 56 $476,067 33 $267
East- 60 $453,257 32 $287
West- 53 $492,036 40 $278
South- 51 $552,169 68 $264
2012 Central- 33 $514,439 60 $295
North- 60 $383,440 94 $230
East- 63 $416,552 69 $258
West- 44 $462,574 61 $261
South- 41 $536,672 95 $236
Home prices were up significantly in each area of Davis, while days on the market decreased in all five locations. Price per square foot improved substantially in 2013 compared to 2012 numbers. When we look at the current properties in pending status, the listed price is above the average
sales price for the first six months, which correlates to prices going higher after these homes close escrow.
The inventory will stay relatively low for the rest of 2013, which is historically normal for the fall and winter months. There will not be a 10% increase in prices for the second half of the year, but a 2% to 3% increase would still be enough to keep prices in the double-digit category for the entire year. Please visit my website www.JohnnyBrooksHomes.com for helpful tips on buying or selling a home, scan my informative blogs and easy access to view local area homes for sale in Davis, California and the surrounding communities.