– MARKET UPDATE –

Hello, hello! Don't uncover your lawn furniture just yet...looks like we may be getting rain this weekend. Currently, we have 35 active listings on the market in Davis. Of the 29 new listings in the past two weeks, sixteen homes are still available, and thirteen have gone pending.


Of the 13 homes that went pending, 11 received multiple offers. Hortaleza received a dozen offers (!), and Valdora received eight. Valdora is a luxury home backing to Walnut Park with a beautiful pool/yard and very nice finishes. Hortaleza was a modest 1,700 sq. ft. single story but very nicely finished. This is consistent with what we find in Davis - move-in ready homes have the highest demand. The exception is properties that appeal to investors/flippers which are priced significantly lower than average for Davis (e.g., Mulberry).

In the past two weeks, fifteen properties closed escrow: 4 cash, 9 conventional financing, 1 VA, and 1 seller financed. Of those, nine received multiple offers (down from the previous newsletter). The highest offer was almost nine percent over the list price. Side note, in our conversations with colleagues, we are seeing some VERY competitive buyer offers. So, if you are a buyer and have not had a conversation with us, it might be a good idea to schedule a buyer consult. We will go through the process and talk about ways to improve/strengthen your offer. It is best to think about this BEFORE you find your dream house and might not be functioning in your most objective mindset. :)

Finally, some of you may have heard about the class-action lawsuit that has been generating a lot of interest, questions, and anxiety. Among the experts, the impact may not have much influence on buyers and sellers financially. The biggest change will be related to buyer representation. According to the National Association of Realtors, buyers will be REQUIRED to have a signed buyer-broker agreement before touring a home with an agent. This will likely cause buyers to interview their agents more closely and be more discerning about whom they work. That should be a benefit to everyone.

Please come by our open houses this weekend at 516 D St (Saturday and Sunday 12-2) and 522 Mockingbird (Saturday 12-3 and Sunday 12-2)!

Image description: Metrolist Chart showing active and pending listings in Davis


– NEARBY HAPPENINGS –

The Lucky Run I Saturday March 23rd I 8:00 am I Davis Senior High School, 1612 Oak Ave, Davis, CA 95616 United States

Spring is one of the best times to get outside for a run or a walk – the trees are blooming, the grass is green, the temperatures are not too hot and not too cold. The Lucky Run takes place at the beginning of spring each year and offers a chance to get outside and get moving.

The 2024 Lucky Run will include four events: a 5K, 7K (7 for good luck!), 10K, our newly added 2.1K, and a Kids Fun Run. Events will start and finish at Davis High School’s gym parking lot located off Oak Ave. Parking is available at the high school, adjacent library, and surrounding side streets.

Great Bear Winery I Friday March 22nd, 5-8 PM I 24800 Co Rd 101A, Davis, CA 95616

Enjoy a glass of wine at Great Bear winery and welcome Odd Man Out. Odd Man Out has become a Yolo County musical institution over the past 20 years, playing a mix of music from the '60s and '70 while also sprinkling in a few original songs that are right at home with the classics. They feature 6- and 12-string guitars, mandolin, keyboards, harmonica, bass, and drums. Tickets are 15$ and can be purchased at this link: https://shop.greatbearvineyards.com/product?productid=90253A55-20BF-48FE-BE5A-013E2A60C8FD

Sudwerks I Saturday March 23rd, 5-9 PM I 2001 2nd St, Davis, CA 95618

Come enjoy live music with Mike Clark & the Sugar Sounds and Band of Coyotes at Sudwerk Brewing Co. in Davis, CA presented by DLMC. Food and beverages will be available for purchase from the Dock for this show. Presale $15, Day of / Door $20.

https://www.eventbrite.com/e/dlmc-presents-mike-clark-the-sugar-sounds-with-band-of-coyotes-tickets-854091339187


– PICK OF THE WEEK –

B Street Theater : Cosmo St. Charles is Dead and Someone in This Room Killed him I Feb 28 - Apr 7 I 2700 Capitol Avenue, Sacramento, CA 95816 I Tickets $34.00 Adult, $30.00 Students, Seniors, and Military

Picked by Marcela Cardenas

Everyone loves a murder mystery and this season B Street presents a new take on the popular genre! When world-renowned archaeologist Cosmo St. Charles dies of unknown causes while hosting a dinner party for his friends and family, it’s up to gritty private eye Mac Marlowe to uncover the truth and catch the killer. This world premiere production was a Finalist at the 2022 B Street New Comedies Festival!

Purchase tickets here: https://bstreettheatre.org/mainstage/cosmo-st-charles/

P.S.

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Lori Prizmich and Associates

408 2nd Street Davis, CA 95616

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Our mailing address is:
408 2nd Street
Davis, CA 95616