– MARKET UPDATE –
Hello, hello! For those of you who read the newsletter each week, you may have noticed that the graphics are getting bigger and bigger. We will probably be transitioning to a weekly newsletter for the remainder of the season soon.Regarding Davis real estate, inventory is on the rise, as expected. Currently, there are 40 active listings on the market. Over the past two weeks, we have added 36 new listings, with 9 already pending. This does not include properties that went on market and closed within 14 days. The majority of the current inventory is new, as indicated by the green "N"s noted on the graphic below. Almost a third of the new listings are priced over a million dollars, with just one priced under $500k.
If you have a chance, swing by the open houses at our new listing located at 1026 San Gallo Terrace and 1804 Pole Line Road this Saturday 12-3 and Sunday 12-2 and !
As for pending listings, 22 properties opened escrow in the past two weeks. Among these, 13 received multiple offers. While there weren't any intense bidding wars, our new listing on Mockingbird received five offers, and our listing on D Street also went pending. Our sellers are thrilled!
Occasionally, you may notice a property pending within 1, 2, or 3 days. At LPA, our practice is to give the property at least a week of on-market exposure to maximize offers and afford buyers an opportunity to view the property.
During the same time period, there were 16 closings, seven of which were cash. Seven properties received multiple offers. The most interesting aspect of the closed listings is that ten sold at or below the list price. It seems the next Re/Fresh will likely indicate a very different scenario.
Finally, there's a lot of chatter about the recent NAR settlement that will impact everyone transacting in real estate. The team has been considering the possibility of hosting an open Zoom meeting for an interactive conversation. If that sounds interesting to you, please let us know. This is just another development in the ever-changing world of real estate. We (calmly) remain at your service...
PS: If you are a client of Jamie, Maria, or Lori, your newsletter should indicate VIP status and include some additional inside information. Please let us know if you should be included on that list or if you would like to schedule a buyer or seller consultation.
– NEARBY HAPPENINGS –
Armadillo Music Vinyl Fair
Saturday, April 6th. 9AM-3:30PM I Davis Senior Center I 646 A St, Davis, CA 95616
Come and experience over 50 tables of vendors selling vinyl, cassettes, cds, music merch, equipment, and more!
Music on Main
Friday April 12th 6:00pm - 8:00 pm I Main Street Winters, CA 95694 United
Join us every Friday for live music on Main Street! This event is free and open to the public * Family friendly and pets allowed
– PICK OF THE WEEK –
The Triplets of Belleville Cine-Concert
Picked by Lori Prizmich
Transport to the exciting streets of 1920s Paris and Le Jazz Hot with a screening of the beloved French film featuring Benoit Charest Leading Le Terrible Orchestra de Belleville in a live performance of the original score.
Tickets starting at 25$ and can be purchased here: https://tickets.mondaviarts.org/7928/7929
P.S.
Use the QR code below to follow our team Instagram account! Here you'll get the hottest updates on our listings and upcoming open houses!
Lori Prizmich and Associates
408 2nd Street Davis, CA 95616
www.LoriPrizmich.com to subscribe to our newsletter
www.TheLoriPrizmichTeam.com to search for homesOur mailing address is:
408 2nd Street
Davis, CA 95616
