Davis and Woodland April 2013 Sold Data

So, what happened with the residential real estate market in Davis and Woodland during the month of April? Let’s dig into the data and find out.

Davis – All Areas

Davis had a total of 52 sold units in April 2013, a 58% increase from March. The average list price increased by 16% from $457,350 in March to $530,707 in April. The average sold price also increased from March to April by 18% from $451,040 to $531,677. The average number of days on market decreased by 43% from 54 days in March to 31 days in April. The average home size of sold units increased by 13% from 1,665 square feet in March to 1,881 square feet in April. Finally, the average sold price per square foot increased by 5% from $270 per square foot in March to $285 per square foot in April.

Woodland – All Areas

Woodland had a total of 57 sold units in April 2013, a 3% decrease from March. The average list price increased by 13% from $211,377 in March to $239,601 in April. The average sold price also increased from March to April by 15% from $210,037 to $241,607. The average number of days on market decreased by 34% from 45 days in March to 29 days in April. The average home size of sold units increased by 19% from 1,475 square feet in March to 1,762 square feet in April. Finally, the average sold price per square foot increased by 10% from $127 per square foot in March to $140 per square foot in April.

I hope you find this market snapshot helpful and informative. Whatever your real estate needs are, I can help.  Please contact me to learn more about my real estate services. Thanks for visiting my blog.

All data for the month of April is from the Metrolist MLS collected on 4/31/2013 and is accurate up to that date.

Downtown/ Midtown Sacramento Market Snapshot

I lived in Midtown Sacramento for 4 years while working on my masters degree at Sac State. I loved it!  You can walk and cycle everywhere and the night life is great.  So, what is happening in the Midtown and Downtown real estate market? Lets find out.  All data is from Metrolist MLS and Trendgraphix, from January 2012 and March 2013

During the previous 15 months the number of homes sold increased by 66.7%. The number of pended transactions, an indicator of market strength, increased as well by 61.5% over the same period.

The average square foot price increased from $209 a square foot in January 2012 to $277 a square foot in March 2013, an increase of 32.6%.

The average continuous days on market in March was 65 days a 55% increase from the previous month.

The average sold price increased by 11.7% between January 2012 and March 2013.

The months of inventory decreased by 52.5% over the 15 month period to 1.9 months. A housing supply less than six months is an indication of a sellers market. February 2012 is the last time the market was in balance.

Finally, we get to the absorption rate. In March the absorption rate was 54.1% which means roughly half the market is being sold. For comparison, the absorption rate for the entire Sacramento market was 99.5% in March. But, of course the Midtown/ Downtown market is unique.

I hope you find this market snapshot helpful and informative. Whatever your real estate needs are, I can help.  Please contact me to learn more about my real estate services. Thanks for visiting my blog.

Pool Maintenance Costs

If you are searching for a home and find one that has a pool, you need to ask yourself two questions. First, do I want a pool? Second, and more importantly, what are the costs associated with maintaining a pool?  Backyard swimming pools can be great fun in the summer time to stay cool and to entertain around.  However, pools are not for everyone and can be costly to maintain. Both regular buyers and investors need to consider the costs of maintaining a pool before buying a home with a pool.

If you are a regular buyer you have two options when it comes to pool maintenance.  You can either maintain the pool yourself or you can hire a pool cleaning company. If you are an investor and intend to rent the home to tenants your only safe option is to hire a pool cleaning company.

Maintenance Costs

Based on a quick survey of Q & A forums, maintenance cost vary greatly depending on if you do it yourself or hire a professional pool cleaner; where you live; the size of the pool and type of water.

To clean and maintain the pool yourself  it will cost you time and money. Expect to spend 20 to 30 minutes per week for pool maintenance. Pool chemicals such as chlorine and muriatic acid, used to keep the water clean and in balance will cost $20 to $30 per month.  Additionally an automatic pool cleaner that sweeps and vacuums the pool is a good idea to have;  These can cost from $100 to $1000 and may need periodic maintenance throughout the year.

On the other hand, you can hire a  professional pool cleaning service to maintaining the pool.  A professional pool cleaner will save you time and the hassle of dealing with the chemicals, but at a cost.  Pool cleaning services may offer different levels of maintenance, depending on the company.  For full service cleaning expect to pay between $100 and $150 per month.  A chemical only service may cost between $45 and $60 per month.

Electricity use and filter maintenance are other costs to consider. You can expect to pay $90 to $120 per month in electricity to run the pump and heater. Additionally, The pool pump filter should be cleaned every six months which, can cost between $50 and $100 for an average filter.

Before buying a home with a pool, I recommend visiting your local pool supply store or contacting a local professional pool cleaning company to get an estimate.

Rather if you are in search of a home with a pool or not, or if you own a home and want to sell, I can help you with all your real estate needs. Contact me to learn more about my real estate services.

Woodland Open House Saturday 4/20

Today I am holding open 827 Fordham Dr. in Woodland from 1-4.  Drop by and check it out.

This one story home has a comfortable floor plan that features three bedrooms, two baths, an indoor laundry room and vaulted ceilings. You will also find a tile roof, two car garage with cabinets and a low maintenance backyard. No rear neighbors and quick close access to the holding pond are some great features.

California’s Improving Markets-Infographic

Woodland Sold Data March 2013

The Woodland Real Estate Data Series examines Metrolist MLS data for the City of Woodland residential housing market. In this post I examine the sold data for the month of March 2013. Table 1 displays the number of sold units, average list price, average sold price, average days on market, average square footage, and average square foot price, for all sold units by area.

Woodland – All Areas

Woodland home sales increased by 43% between February and March 2013. The average list price only slightly increased by 1% from $210,049 in February to $211,377 in March. The average sold price increased only slightly, as well, by 2% from February to March.  The average days on market increased by 32% from 34 days in February to 45 days in March. The median home size sold remained unchanged from February. Finally, the median price per square foot of sold units increased by 2% from $125 per square foot in February to $127 per square foot in March.

Highs and Lows by Area

• Most sold # of units: South Woodland
• Highest average list price: West Woodland
• Highest average sold price: West Woodland
• average days on market (lowest): Sycamore Ranch and Springlake
• Highest average square foot: Sycamore Ranch
• Highest average square foot price sold: Springlake

• Least sold # of units: Wildwings
• Lowest average list price: North West Woodland*
• Lowest average sold price: North West Woodland*
• average days on market (highest): West Woodland*
• Lowest average square foot: North West Woodland*
• Lowest average square foot price sold: North West Woodland*

(*in areas with sold units)

Table 1 March sold data

All data is gathered from the Metrolist MLS on 3/31/2013 and is valid up to that date.  Any variation in reported statistics that is the result of new data added to the MLS at a later date is of no fault of the author.

Davis Sold Data March 2013

The Davis Real Estate Data Series examines Metrolist MLS data for the City of Davis residential housing market. In this post I examine the sold activity for the month of March 2013. Table 1 displays the number of sold units, average list price, average sold price, average days on market, average square footage, and average price per square foot, for all sold units in Davis by area. Table 2 shows the month over month percentage change from the previous month for all sold units by area.

Davis – All Areas

Davis had a total of 29 sold units in March 2013, a 4% increase from February. The average list price decreased by 4% from $478,545 in February to $457,350 in March. The average sold price also decreased from February to March by 4% from $470,222 to $451,040. The average number of days on market decreased by 18% from 66 days in February to 54 days in March. The average home size of sold units slightly decreased by 2% from 1,7o7 square feet in February to 1,666 square feet in March. Finally, the average sold price per square foot decreased by 4% from $282 per square foot in February to $270 per square foot in March.

Sold Data Highs and Lows – By Area

South Davis had eight units sell, followed by Central, North and East Davis with six units sold. West Davis had three sold units, the least for all areas. South Davis had the highest average list price of $703,375, while West Davis had the lowest average list price of $295,333. The same is true for average sold price as with average list price. South Davis had the highest average number of days on the market, 118 days, while North Davis had the least number of days on the market, eight days. South Davis had the highest average sold home size of 2,577 square feet, while West Davis had the smallest average sold home size of 1,202 square feet. East Davis had the highest average sold square foot price of $300 per square foot, while West Davis had the lowest average sold square foot price of $249 per square foot.

Table-1 March Sold Data – Davis

Table 2-February to March M-O-M % change

All data is gathered from the Metrolist MLS on 3/31/2013.  Any variation in reported statistics that is the result of new data added at a later date is of no fault of the author.