– MARKET UPDATE –
There are currently 28 active listings. We have added 17 new listings within the past two weeks. Seven of the recent new listings have already gone pending.
We were left scratching our collective heads on a couple of the pending transactions. Of the pending properties, five had multiple offers. It was no surprise Alta Loma received six offers since Covell Commons properties tend to be priced in the $400-$500K range. The team just wondered why it was priced so low to start. We will have to see if money was left on the table when it closes. The home on Petra (Mace Ranch) received 10 offers! We usually don't see that level of demand in Mace Ranch this time of year, but the home was on a large lot which can drive prices up.
Eight homes closed escrow over the last two weeks, of which four had multiple offers. Three closings were cash, and drum roll please... one was an assumable loan (VA loan at 2.25%)! Haven't seen that before. Overall, it's too early to tell what is going to happen for the upcoming season. It looks like there is a bit of pent-up buyer demand out there. Let us know what questions you have about buying, selling, or both at the same time. We would love to help!
– NEARBY HAPPENINGS –
Lunar New Year Concert with Davis Chinese Orchestra & Special Guests I Saturday, February 2nds I 7:30 - 9:00 PM I International House 10 College Park Davis Ca 95616
Davis Chinese Orchestra and guest artist Ms. Wu Yenying on Dulcimer will bring the beauty of Chinese traditional music and culture to life. The Davis Chinese Orchestra is a UC Davis student-run traditional Chinese music performance group. Their mission is to preserve and promote the rich heritage of Chinese music and culture, and to bring this timeless art form to a wider audience.
Tet Parade in Little Saigon I Saturday, February 10th I Opening ceremony 8:30 am, Parade: 9:30 am I Corner of Bolsa Ave and Magnolia Street
The Little Saigon Tet Parade will feature a jubilation of music, the roaring of classic cars, colorful floats, and cultural performances for all spectators.
Lunar New Year Festival I Saturday February 10th & Sunday February 11th 11:00 am - 8:00 Pm I 9950 Elk Grove-Florin Rd., Elk Grove, CA, 95624
On Saturday, February 10th, festivities will kick off with a spectacular parade that will showcase the rich cultural heritage of the community. The parade will feature colorful floats, traditional music, and captivating performances that will surely leave you in awe.
Sunday, February 11th, will bring the highly anticipated Mrs. Vietnam Sacramento pageant. This prestigious event will showcase the grace, talent, and intelligence of some remarkable contestants as we crown one deserving winner who will represent the community with pride and honor.
– PICK OF THE WEEK –
Picked by Lori Prizmich
The event takes place February 25th at Playfields Park in South Davis and offers Half Marathon, 10K, 5K, and 2K divisions. The courses travel along Davis’ tree-lined greenbelts, through neighborhoods, and on city streets. To sign up follow the link belowhttps://changeofpace.com/event/davis-stampede/
– TIP OF THE WEEK –
With an increase in this rainy weather, you've seen it in the reports: “Today there is a 60% chance of rain”. Does this mean you have a 6 out of 10 chance of getting wet if you are outside? Will only 60% of your area definitely get rain? Will it rain 60% of the day? Just what does percent chance of rain mean to a weather forecaster? Learn more about what probability of precipitation means and how it is calculated below.
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