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Davis, CA

Davis condo market seems a bit sluggish

Joe Kaplan -  Davis, CA Broker Associate: Real Estate Agent in Davis, CA

Per MetroList MLS, in the last thirty days only two Davis condos have closed escrow (compared to a meager three for the same thirty days last year) , and there are only five condos with pending sales. Currently Davis has 27 active condos on the MLS. The market has perked up in other categories, most interestingly, homes over 700k. Just an observation.

Joe's Neighborhood Tour of Davis: Central Davis

Joe Kaplan -  Davis, CA Broker Associate: Real Estate Agent in Davis, CA

CENTRAL DAVIS

So here's where the tour ends, Central Davis. The most central part of central Davis is known as the core, (go ahead, picture Davis as an apple). The core, unlike many central business districts today, is thriving. Target opponents argued that the proposed big-box to be constructed near Mace Blvd. will destroy downtown businesses, and whether that happens remains to be seen. The core has its share of great restaurants, bike shops, art galleries and boutiques. A prized landmark is the Dresbach-Hunt-Boyer House, located at 604 Second St., listed on the National Register of Historic Places. Central Park and its Farmers Market, with streets B and C, and 3rd and 5th at its borders is one happenin' place on Wednesdays and Saturdays.

The price per square foot for homes in the core is generally at a premium relative to the rest of town. Many of the properties are charming cottages from the 1910's, 20's and 30's. The residential area between 5th and 7th and B and the tracks, Old North Davis, is prime real estate, shouting distance from the Davis Food Co-op on G St., and all the downtown venues to its south. The UC Davis campus joins downtown at A St., and their proximity to one another infuses downtown with campus staff, faculty and students throughout each day. As UC Davis enrollment for its summer sessions continues to grow, the core remains vibrant throughout the summer, whereas in years past it was quieter when the mercury soared.

East Central and West Central Davis are neighborhoods featuring many homes built in the 50's and 60's, abundant with mid-century moderns built by Streng Bros. on streets named for U.S. colleges, rather befitting of the second-most highly educated city in the country (as of 1996, Money Magazine). College Park, just west of downtown, is the most prestigious address in town, with older homes representing a variety of architectural styles, eg. Colonials and Tudors, situated among beautiful gardens and shady lawns. The UC Davis Chancellor's residence is on College Park, as well.

Joe's Neighborhood Tour of Davis: South Davis

Joe Kaplan -  Davis, CA Broker Associate: Real Estate Agent in Davis, CA

SOUTH DAVIS

South Davis, the portion of Davis which lies south of I-80, is a veritable smorgisborg of desirable neighborhoods connected by greenbelts. No one master planned community dominates, a la Mace Ranch in East Davis. Even though separated by I-80, traveling by bike to and from South Davis is a snap. The most scenic route is the path leading from the south end of Davis Commons (Borders, etc) parking lot and the eastern edge of the UC Davis arboretum. The route, which includes a $4.5 million I-80 bike underpass, constructed in 2000, follows Putah Creek, and is arguably the most beautiful path in all of Davis. This author frequently straps on his skates and breezes along the Putah Creek path - 20 minutes round trip from Putah Creek Park to the cul-de-sac at Da Vinci Court.

For those who prefer bridges to tunnels, a pedestrian/bike overpass will transport you to and from South Davis. The bridge connects Cowell Blvd. (just north of Willow Creek Park) in South Davis with a path extending north of Second St. leading to Mace Ranch Park. The Pole Line Road I-80 overpass nicely accomodates all forms of transportation, while the other two links over I-80 into South Davis, Richards Blvd. and Mace Blvd. are best left to pedestrians and autos.

The Oakshade neighborhood, built in the early 1990s, lies to the north of Putah Creek and its path. Oakshade's many cul-de-sacs and quiet U-shaped streets feature exsquisite southern views of the mature trees along the creek. The neighbood of custom and semi-custom residences is dissected by a greenbelt running north-south. Homes on Oakshade's eastside can be accessed via Montgomery Ave., and auto access along the western side utilizes Valdora St. Marguerite Montgomery Elementary School and Walnut Park sit to the north of Oakshade homes.

As you follow Montgomery Ave. to the east, over a narrow bridge, you find yourself removed from suburban-esque Oakshade and Davis, more generally. To the north lies the oldest section of the Willowbank neighborhood, technically in unincorporated Yolo County. To the south is Solano County farmland. Old Willowbank homes are eclectic in design, with large shady lots. Like the elegant ranch homes of the El Macero Country Club community to the east of Davis, Willowbank is within the boundary of the Davis Joint Unified School District. Newer Willowbank homes are to the east, abutting Mace Blvd.

There is a wonderful little pedastrian/bike bridge over the creek connecting Willowbank with the Woodbridge neighborhood, a nature trail, and a park to the north. Other older South Davis neighborhoods connected to the path are Rosecreek, El Macero Park and Rancho Macero. Newer neighborhoods sprinkled among South Davis include Diamond Park, (so named as it lies adjacent to the ball fields of Playfields Park), Willowcreek and Parque Santiago.

South Davis continues to the east of Mace Blvd., featuring older homes from the 70's, Pioneer Park and Pioneer Elementary School. Traveling east along Cowell Blvd., you'll find a neighborhood of large, newer properties, most of which were built by Warmington Homes in the early 2000's, along Davis's most eastern edge. To the east, a vast stretch of farmland and the seasonally flooded Yolo Basin (Yolo Bypass) featuring its incredible variety of shorebirds, ducks and bats. At the eastern horizon one glimpses the Sacramento skyline, and on a clear day, the majestic Sierra Nevada Mountains.

Davis February Residential Sales Data

Joe Kaplan -  Davis, CA Broker Associate: Real Estate Agent in Davis, CA

These figures are a bit preliminary since more than a few solds may not have been reported to the MLS yet, but here's a look as of tonight. Most striking are the length of days on the market, but these figures will decrease as the market has begun to heat up. Homes which present well and that are priced fairly are indeed selling. 13 homes sold (closed escrow). January data in parentheses-

Average price = $470,704 ($549,300)

Average Price per sq. ft. = $302 ($325)

Average Days on the Market = 121 (92)

Median Price = $510,000 ($525,750)

Median Price per sq. ft. = $310 ($312)

Median Days on the Market = 134 (112)

Joe's Neighborhood Tour of Davis: North Davis

Joe Kaplan -  Davis, CA Broker Associate: Real Estate Agent in Davis, CA

The most salient feature of Davis neighborhoods is how interconnected they are. The Davis planning department excels at weaving our greenbelts, or emerald necklace (to borrow a term from Cleveland, Ohio) throughout the distinct neighborhoods, making access by bike, foot, skateboard, scooter and in-line skates (my preference) a breeze. The core area (downtown) has no greenbelts but the street bikelanes downtown are top notch. Davis has more bicycles per capita than any city in the U.S. Kids can easily navigate the greenbelt bikepaths to the nearest schools and parks. We have six parks within a short bike ride of our house, and one quickly learns which is the shadiest (Village Park) before venturing out on a 103-degree July afternoon.

Davis is known for many things apart from its bikes, not the least of which is the infamous toad tunnel under Pole Line Road (the butt of late-night talk show humor) connecting a marsh with a popular breeding ground for toads adjacent to the post office. Supposedly, no toad ever survived the journey due to the excessive heat of the tunnel. Local HVAC contractor, Blakes, should have installed central air, I guess. Ribbit. Another bit of Davis trivia: a house on Madrid St. in the North Davis enclave of Covell Park was used to film Sorority Life, a popular MTV series. It's inconclusive whether that raised or lowered property values on the street at the time. So let's begin our journey there, in North Davis.

NORTH DAVIS

Its boundary line is simple enough, everything north of Covell Blvd. we call North Davis. Covell Park, a mature neighborhood with Spanish-named streets, features many mid-century modern home designs built by Streng Brothers in the 70's and early 80's, paralleling Eichler architecture of the Bay Area. Covell Park is situated close to the core area, with easy biking to the library, Davis Arts Center, Community Park and downtown venues.

Northstar is a newer community to the north of Covell Park with semi-custom and custom homes built in the late 80's and early 90's. The neighborhoods are joined by Northstar Park which features two popular bird ponds, (popular to our feathered friends, as well as birders). There is a nice kiddie playground filled with sand near one of the ponds, and a well-manicured soccer field, to boot. Senda Nueva is another smaller North Davis development to the west of Covell Park, just a stone's throw from The Marketplace shopping with Safeway, Peet's Coffee, Jamba Juice, Dos Coyotes Border Cafe, et al.

Hopping east over F Street and the railroad tracks is the site of the former Hunt-Wesson tomato canning plant, which is now proposed by Lewis Homes as the Cannery Park neighborhood. While the plant operated, trucks brimming with tomatoes would parade down Covell Blvd. To the north and east of the Hunt-Wesson site lies unincorporated farmland, the site of a recent and contentious battle between the developers of the proposed Covell Village neighborhood and its opponents. The project was supported by Davis city council members, with the exception of mayor Sue Greenwald, and the decision to go forward was placed on the ballot as Measure X. The measure was subsequently defeated by the electorate with 60% opposed.

To the east of Pole Line Road and north of Covell Blvd. is the Green Meadows subdivision comprised mostly of attached, two-story, townhouse-stye homes with small yards. The popular Davis Athletic Club is on Picasso Ave. Moving to the north is La Buena Vida, aka the McKeon Condos. With prices hovering in the mid $200,000s, the McKeons are the most affordable homes in Davis. In the spring and summer of '05, at the peak of the market when the inventory of condos for sale was very tight, some units were fetching over $300,000, but since then, prices have tumbled over 20%. Between '98 and '05, the rising tide of price appreciation in Davis lifted all boats equally, from McKeons to luxurious custom homes, but condo prices have fallen more steeply than single-family residences in the ensuing years.

Roughly a decade ago, the large Wildhorse community was developed to the north and west of Green Meadows and McKeons. Wildhorse features a hilly, eponymous golf course whose inhabitants include burrowing owls. If you take a brief walk along the path to the east of Rockwell Court just before sunset, you'll discover these protected birds standing guard over the abandoned squirrel holes they call home. A few years ago, I golfed in a Kiwanis charity tournament, and hopefully no owls were lost due to my errant hooks and slices.

With the exception of custom and semi-custom properties along Rockwell Court built by a variety of local contractors, the Wildhorse homes were built by production builders including Meritage, Morrison, Greystone, Forecast and Ryland. Many of the homes have scenic views of the course, or views of the horse ranch to the east of Caravaggio Drive. On any given Saturday, Sandy Motley Park and Nugget Field adjacent to Pole Line Road are teeming with kids playing soccer. A bike tunnel under Covell Blvd. connecting Wildhorse with East Davis is currently under construction.