My best friend and I used to compare notes when the API scores came out each year. I live in Davis and she lives in Rocklin. Although the schools up that direction have always been good, they don't touch Davis. The Davis Enterprise included a nice article, Davis test scores top in region in yesterday's paper (5/21/08). The article reported that all Davis schools had API scores above 800 on the API which puts them in the category of "high performing schools." Three of the elementary schools (Willett, Pioneer, and Patwin) had scores above 900.
As the chart below shows, there are other area high schools which are also performing quite well, but Davis schools have an advantage. They are in Davis. DAVIS ROCKS!! For more information on local school performance and other useful information, try www.greatschools.com.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lori Prizmich, Realtor
The Lori Prizmich Team
530 845 3325 (direct)
Wondering what's going on with the Davis, CA real estate market? Every person I know asks how things are in the Davis Real Estate Market. Let me just share some numbers taken directly from Metrolist over the past few days.
I like to look at absorption rate (among other variables) of local markets. Absorption rate is the number of months it will take to absorb current inventory based on sales history. This can be done looking at previous sales for the last month, 6 months, 1 year, etc. Looking at each interval can give a person an idea of whether inventory is shrinking or growing.
In order to determine the absorption rate for a particular market such as "condos in Davis"...you
1) determine the number of condos that sold over the past year
2) divide by 12 to find the average number of condos that sell each month
3) divide the current inventory by that number
4) the resulting number is the absorption rate (or number of months it will take to absorb current inventory).
Some industry experts say less than five months of inventory is considered a buyers' market.
As you can see from the far right column in the table below, some categories have fairly limited inventory (namely >$500k single family homes). Some categories have a sizeable inventory (ie: >$800k). This could probably be attributed to the fact that homes in this price range are generally considered "move up" homes. Many homeowners are uncertain about whether or not now is a good time to buy and/or sell. Well, if you have an entry level home in Davis to sell, and are looking to purchase a move up home...it appears to be a pretty good market for you!
If you would like to know whether it is a good time to buy or sell in Davis, CA let me calculate statistics based on your specific scenario and give you my opinion. I welcome all real estate questions!
| Davis | Active | Pending | Sold last 30 days | Sold last 6 mos | Sold last 12 mos | Avg Sales Per mo past 6 mo | Avg Sales per mo last 12 mo | Mos Inv based on last 12 mo | Mos Inv based on last 6 mos | Mos Inv based on last 30 days |
| Condo | 29 | 12 | 5 | 15 | 43 | 2.5 | 3.58 | 8.09 | 11.6 | 5.8 |
| Halfplex | 15 | 5 | 1 | 5.00 | 34 | 0.83 | 2.83 | 5.29 | 18.00 | 15.00 |
| SFH | 129 | 56 | 20 | 29.00 | 342 | 4.83 | 28.50 | 4.53 | 26.69 | 6.45 |
| SFH > $500k | 29 | 24 | 10 | 38 | 117 | 6.33 | 9.75 | 2.97 | 4.58 | 2.90 |
| SFH < $500k | 96 | 33 | 9 | 56 | 224 | 9.33 | 18.67 | 5.14 | 10.29 | 10.67 |
| SFH =/< $800k | 37 | 8 | 2 | 13 | 50 | 2.17 | 4.17 | 8.88 | 17.08 | 18.50 |
I look forward to hearing from you...
Lori Prizmich, Realtor
Keller Williams Realty
The Lori Prizmich Team
530 845 3325 (cell)
530 231 2988 (fax)
http://www.loriprizmichhomes.com/
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
I've been following the number of bank owned properties in the Southport area of West Sacramento (95691) very closely to see what is happening in the market. The Southport area is a nice (smaller) alternative to Natomas and a newer alternative to Woodland.
The buyer activity has been incredible lately (it was actually strong throughout 2007). In looking at bank owned homes built since 2000 priced at entry level (ie $350k under), there are 16 active, 23 pending (in escrow) and amazingly...72 have sold since January 1, 2008. The banks have been pricing these homes aggressively.
Many of the homes are in the Bridgeway Lakes area of Southport; that is primarily due to the fact that the majority of building (and selling) occurred in 2005 - - the height of the market. The best values seem to be the bank owned homes in both Bridgeway Lakes and Linden East.
If you are interested in Southport for a primary residence or even an investment property, feel free to contact me at lori.prizmich@pcgagents.com or visit my website at www.loriprizmich.yourkwagent.com.
REO Default Certified Professional Top 20 Regional GCI YTD 2008 Voted #3 Best Real Estate Agent Yolo County Top Buyer's Agent - 2007 Top Producer - 2005, 2006, 2007
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2008 ActiveRain Corp. All Rights Reserved
