I'm providing this latest update to show that home prices, as measured by price per square foot, have held firm in Davis over the last three years. The graph below shows the price per square foot of homes sold from January 2007 to January 2010. Notice the prices started 2007 at about $300 per square foot and have remained fairly steady. Smaller homes will sell for more than this average and larger homes usually sell for less than this price per square foot. If you are wondering what your home might be worth, the $300 per square foot is a general rule of thumb as a starting point.
This next graph show the inventory for sale vs. the number of homes sold over the same three year period. Notice the cyclical nature of the Davis real estate market. Every July the number of homes sold peaks as the school year ends, rental homes become empty, and landlords put them up for sale. Also, in a University town like Davis, students and employees are moving in and out of town to other colleges and buying or selling their homeas the case may be.
If you are thinking about selling your home in Davis this year, get ahead of the curve. You can see that homes will be coming on the market in higher numbers by April, so call me today for a free market analysis of your home. I'll review with you my marketing plan for your home, have you meet with my expert on "staging" your home so it shows well, and give you an accurate assesment of what your home will sell for in todays market. I hope you are encouraged by the numbers above. Call me today at 530-219-SOLD and let's get started. - Vicki
Vicki - Nice graphs showing the trend in your area. It is nice to hear that prices are still holding firm in Davis.