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Home prices in Davis and Woodland have been linked for decades, with Woodland homes historically being valued at 20% less than comparable Davis homes. The attractions of Davis (university town with a public school system as good as any in the state) and the intentional slow growth policies of Davis have led to this price gap. Recently this gap has widened to something more like 40% - the house that sells for $500,000 in Davis would sell for $300,000 if in Woodland.
It's no mystery why this is happening. The market in Woodland is currently dominated by short sales and to a lesser degree by bank owned properties. Davis has escaped the worst of the market correction, shorts and bank owned properties are still the exception.
Because of the price difference we are seeing more people who live in Davis consider Woodland. Especially for those buying their first house Woodland offers some great deals, and the market in Woodland is active.
Over the next few years as the market continues to return to normality I expect that the price difference between Woodland and Davis will return to normal also. That means that home prices may appreciate faster in Woodland than in Davis until the historical price differential is reestablished. It's a great time to buy in Woodland!
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NEW PRICE!! NEAR WOODLAND - DESIRABLE LOCATION.
Very nice 10 acre parcel located just minutes from Woodland, CA. Enjoy the country lifestyle with amenties just minutes away. Property includes a Domestic Well, however condition unknown. Irrigation district water available. This parcel would make a good building site and/or for crops or orchards such as Olive Trees. Privacy here....this property is located at the end of the road.
Call Linda Pillard for Soil map, pictures, descriptions, other documentation and for all showings.
Priced good. Yet I say...Lets make an offer!
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Coldwell Banker
Woodland Open Houses
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Saturday, January 09, 2010 |
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1009 |
Leake Circle |
$210,000 |
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10-12 |
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1553 |
Owens Valley Drive |
$249,900 |
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11-1 |
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1009 |
Leake Circle |
$210,000 |
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12-2 |
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812 |
Pendegast Street |
$224,900 |
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1-3 |
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1009 |
Leake Circle |
$210,000 |
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2-4 |
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Sunday, January 10, 2010 |
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1009 |
Leake Circle |
$210,000 |
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12-2 |
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33503 |
Canvas Back Street |
$419,000 |
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12-2 |
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812 |
Pendegast Street |
$224,900 |
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1-3 |
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1009 |
Leake Circle |
$210,000 |
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2-4 |
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33503 |
Canvas Back Street |
$419,000 |
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2-4 |
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(530) 758-3080 |
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(530) 666-2135 |
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505 Second St. |
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1100 Main Street, Ste. 180 |
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Davis, CA |
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Woodland, CA |
Presented by Gordon Lane, Realtor
DRE Lic. #01873017
530-763-2378
gordon.lane@gmail.com
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As the first Certified Distressed Property Expert in Yolo County I have found it to be very gratifinig helping Sellers avoid foreclosures. There are many misconceptions that Sellers have. They immediatley think that there are NOT tax consquences if they walk away from the property and foreclose. This is false. I cannot stress to you more it may be worse than you ever thought.
Right now there are 90 shortsales in Woodland, CA alone. Many will be subject to foreclosure. Because I am certified I can really give you the facts and insight help you learn how to protect yourself and learn about your options. For more information about shortsales go to:
Go to: www.shortsaleconsultantnow.com to learn more.
A short sale can be an excellent solution for homeowners who need to sell, and who owe more on their homes than they are worth. In the past, it was rare for a bank or lender to accept a short sale. Today, however, due to overwhelming market changes, banks and lenders have become much more negotiable when it comes to these transactions. Recent changes in corporate policy and the Obama administration have also improved the chances of getting a short sale approved.
Don't wait...ACT NOW! We need time on our side.
Serving Yolo, Coulsa, Solano, and Sacramento Counties
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As of today there are 85 homes for sale in Woodland listed as short sales. A short sale is when the seller owes more on the house than what it will sell for. In order for a seller to "sell short" the mortgage holder(s) must approve the sale and agree to accept less than what is owed on the property.
Since there is never a guarantee of what a home will sell for until there is a contract - most banks will not even look at a seller's package until there is an offer in place. Banks are also overwhelmed with the volume of home owners who are looking to complete a short sale and the process of reviewing files can take some time.
A better metric as a buyer is to see if the seller is working with a short sale negotiator - they work on behalf of the seller to negotiate directly with the bank - leaving the listing agent to do what they do best - market the property and work directly with the seller.
There are some bargains out there for patient buyers - but the key is PATIENCE. Search Short Sales in Woodland to look specificially for homes listed in MLS as a short sale. You can also search all homes for sale in Woodland, CA on my website.
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