Carmen Isais

If you are actively looking to buy a home in the city of Davis, we've probably met. I'm out there, holding Open Homes almost every weekend and I get to meet a lot of great people, including First Time Home Buyers. Many of the first time homebuyers I speak with are still unaware of how important your credit score plays in the loan and home buying process. Some comments I hear are that credit is not important if you bring home a big paycheck, credit is less important than earning potential, or that certainly their credit is good because they have so much of it. All of these statements, are flat out wrong. The best thing I can do as a Realtor (read: I am not a credit and loan specialist), is set the record straight where I can, and send them to trusted Mortage and Loan experts. I also like to share good resources when I find them... The Ad Council in cooperation with the Civil Rights Education Fund and others have put together a no-nonsense website explaining how credit works, how to damage it, and how to fix your credit too. It has a clever little name too, Credit Fairy.org. Take a look and send me feedback. But, if you have a specific question, feel free to ASK ME, Carmen Isais. I have answers or know how to get them.

As a Realtor, the number one question I hear is, "How much is my home worth?"

Now, while there are many pieces of information that factor into the ultimate value of a home, one tool I use, and one that I can easily share with you today, is that of Recent Home Sales.

Recent home sales are a good indicator of what your home might go value at in the current market. And thanks to the internet, this information is easy to share with you, instantly.

Written by Carmen Isais

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

If you stop to believe the hype, one would think the Davis Real Estate market is, like its neighbors, is inundated with Short Sales and foreclosures. But, Davis is different. I've written that enough times now that I'm certain I'll have to write a blog entry by that very title. However, until then, here's the lowdown on closed home sales for the month of March.

Seventeen Homes Sold - Average Sales Price $608,059

Sold
Selling Price Range	Quantity	Average DOM
$350,000 thru $399,999	3	79
$400,000 thru $449,999	2	143
$500,000 thru $549,999	1	60
$550,000 thru $599,999	2	96
$600,000 thru $649,999	2	108
$650,000 thru $699,999	1	48
$700,000 thru $749,999	2	31
$800,000 thru $849,999	4	22
	17	70

Summary Price Information
Minimum	$379,000	Maximum	$840,000
Average	$608,059	Median	$600,000

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.

South Davis

Sold Selling Price Range Quantity Average DOM $350,000 thru $399,999 1 204 $400,000 thru $449,999 1 200 $500,000 thru $549,999 1 60 $600,000 thru $649,999 1 161 $800,000 thru $849,999 4 22 8 89

Summary Price Information Minimum $398,500 Maximum $840,000 Average $660,125 Median $718,750

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.