Davis, CA

Digging up the Dirt on the Davis Real Estate Market: Thirty Days in Review

Seventeen Homes Sold - Average Sales Price $608,059

As you can see from the chart above, the month of March saw us with seventeen closed home sales with an average home price of just over $600,000. The largest quantity of home sales were in fact in the $800,000 plus, price range... hardly short sale material.

A closer look shows us exactly where the bulk of Davis Homes have sold his month.... and the winner is, South Davis, with a whopping eight homes sale in the neighborhood.

Sellers, there are buyers out there. And guess what? Not all of them are looking to move into a neighborhood populated with bank owned properties.

If you or someone you know is thinking about selling their home in Davis, CA, call on me to answer any questions regarding local market activity.

The eighth annual Heart of Home Kitchen Tour for Yolo County will be held Saturday May 3rd, 2008. This year will feature homes in Winters, Woodland and Davis. Tickets are $25 per person and is the main fundraiser for the American Red Cross Yolo County Chapter. There is also still time to become a sponsor for the event.

Tickets can be purchased online at www.yc-arc.org/shopping and more information www.yc-arc.org

The local chapter of the American Red Cross is our areas link to emergency preparedness and local disaster response.

Carolyn Gjerde-Tu specializes in Winters, Woodland and Davis CA Real Estate.

Since the last Pioneer PTA meeting a few weeks ago, there has been much discussion on the school budget and what can, should, and will be done. Like any other budget we can either cut expenses, raise funds, or both. Budget cuts will have a lasting impact on my children (in first and sixth grades), our children, and your children.

What does this have to do with real estate in Davis? You don't have to think long about that one. A great number of Davis home owners purchase(d) here for the schools. If the school district deteriorates, it will impact home values. Of course, property values are insignificant compared to our children's education. I'm just saying, there is a relation between the quality of schools and the demand for property in Davis.

Many have profited over the years due to the quality of Davis schools. It isn't a long term solution, but in the interrim, the time is now for real estate professionals to give back to the school district. Donations could be in proportion (yes...you know who i'm talking about) to gain over these past years of tremendous growth. Now is the time to step up...

To help raise funds and/or donate, go to http://%20http//www.davisschoolsfoundation.org/ and make your contribution. Lori :o)

Lori Prizmich, Realtor
Keller Williams
lori.prizmich@pcgagents.com

530 845 3325 (cell)
530 231 2988 (fax)
http://www.pacificcoastrealty.com/
http://www.loriprizmich.yourkwagent.com/
www.activerain.com/blogs/loriprizmich

633 Amherst Drive, Davis, CA

Just listed!

You must see this updated and expanded Oeste Manor home with four bedrooms, two full baths and 2,216 square feet of living area. The home boasts photovoltaic plus a geothermal ground source heat pump for energy savings. Livable indoor and outdoor spaces. The Central Davis location is stellar, with an easy walk or bike to campus and downtown. This is a truly green home in energy efficiency and use of materials.

What is Solar-Geo?

Plenty of homes have photovoltaic panels, and some have geothermal. But 633 Amherst is a unique combination of both clean energies. Since the owners had already completed similar projects, they remodeled the fifty-year old home to combine solar photovoltaic electricity generation with geothermal ground-source heat pump technologies. The WaterFurnace geothermal system uses the renewable energy source in the earth to heat and cool the home, instead of gas and electricity. The system provides cleaner indoor air quality than combustion of fossil fuels by using the Earth and Sun as the energy source.

Attention to detail, energy conservation and sustainable choices:

633 Amherst was designed to include many details sensitive to comfort and sustainability. For example, the flooring is made from ecological forest thinning, using no harmful additives and adding to a natural and healthy room climate, and is particularly recommended for people with dust allergies. The home takes advantage of natural daylighting and ventilation, with French doors and operable clerestory windows. Motion sensors, timers and efficient lighting reduce and automate energy use. As a result of the sustainable design of the home, the total energy bill for 633 Amherst is less than comparable homes.

Listing agent is Cynthia Gerber, a colleague at Coldwell Banker Doug Arnold Real Estate. To schedule a private tour, please contact Joe Kaplan today at 530.304.5978.

I've been beating this dead horse for over ten years. Investing in real estate in Davis, CA is a safe bet relative to other areas within the Sacramento area due to the influence of UC Davis. Prices in Davis have fallen 10-15% from the peak of the market in 2005, whereas in some communities like Woodland, West Sacramento, Natomas, Elk Grove, etc. home values have tumbled over 30%. It's a matter of supply and demand. A recent article in Newsweek, (Feb. 18) illustrated that as student populations continue to increase, (enrollments are increasing twice as fast as the general population), combined with the attractive lifestyles, good healthcare and employment these communities offer, it's a bright spot on the real estate radar. "Activity around college campuses should really hold up, better than the market as a whole," says Walter Molony, a spokesman for the National Association of Realtors.

Over the years, I have assisted countless parents of incoming or returning UC Davis students investing in the Davis market. Condos, split-lots and affordable starter homes are all wise choices, and they're sprinkled throughout the city. There's no one student ghetto in Davis where students are aggregated. Housemates often pay rent to help defray the mortgage costs, and by the time of graduation, looking three to four years into the future, values could certainly be much higher than today, creating a nice profit when the home is sold.