Yolo County Housing Report Featured Banner

Year over year statistical data for Yolo County ending December , 2021

This report is generated around the 20th of each month once the previous months numbers have been posted. What we see here is a report generated for the Yolo County Housing Market which includes West Sacramento, Davis, Woodland and surrounding areas through December 2021. So we are always looking a month behind. Our statistics are derived from the Metrolist  This is the Multiple Listing Service provider for all real estate brokerages in the Tri-County region. If you have questions or wish to know a more specific account of your properties value and the timing of either selling or buying we are always happy to jump on a Zoom or meet with you at your property to evaluate and discuss a strategy. We can be reached via cell/text 707.580.3499 or email us at concierge@elitepartnersrealestate.com

Quick Facts

SOLD

108

LISTED

61

PRICE

$627,000

DOM

22

Selling 2/3rds of what we did last year is cause for alarm. Have the buyers gone into hibernation like the California Brown bear? Can we call this a seasonal slow down when our sold units is down -18.2% year over year and our For Sale inventory continues to dry up? In December 2021 we sold 108 homes and our current for sale inventory shrank another -44% to just 61 properties. If we compare this to the pre-pandemic numbers of 126 sold homes in December of 2019 we see a -14.3% dip. However the real issue remains current inventory. In December of 2019 we had 189 homes for sale which is a +67.7% increase to our current inventory. We simply do not have very many properties to sell and this trend looks to continue.

With interest rates already climbing we could be in store for a much slower year than anticipated. As inventory remains low our buyer demand is strong. However as rates continue to go up and the Federal Reserve says they will we can expect home prices to fall as much as 15%. Our current price per square foot is $327.00 which is up +11.6% from a year ago. This also represents the lowest per square foot price we’ve seen since April 2020.

Our Days On Market (DOM) of 22 days is more than a month ago must down  -26.7% from a year ago. This means homes are selling faster but not as fast as they had been in our Spring and Summer months of 2020. What do we expect this Spring.  With demand still strong and so few homes for sale you can expect a buying frenzy through the end of Summer. I think the rate hikes will affect prices and by the end of the year we will start to see buyers waiting for price drops, sellers panicking and the market stall a bit. 

Our average price climbed a bit in December of 2020 to $627,000. This is a strong increase of +13.7% year over year. 

yolo-county-housing-report-two-year-stats-december-2021

Our sales price however has dropped significantly over the last six months. Our current average sold price is $620,000 which is only a -3.1% decrease month over month and a full +8.2% year over year. However it is more than -11% less than our peak sold price of $695,000 back in June 2021.

Our Days On Market (DOM) has begun to climb up as well to a 10 month high of 26 days. This could all be seasonal but something feels a bit different. Over the last few months we’ve heard from buyers that they are fed up with pricing going up, up, up and will wait to see if pricing comes back down. 

When a seller asks is now the best time to sell? I always respond with that depends. You can never predict pricing. However we do know that right now we are seeing the highest price points in 15+ years. More than pre recession period and we know interest are climbing. All this adds up to a perfect storm brewing were prices will drop and sellers will flood the market. So now might be the best time to sell and take advantage of the high prices that currently exist. 

Real Live 24/7 Market Conditions For All Zip Codes
Click on Button Below o See Yours

The opinions expressed in this report are those of Don McDonald, Founding partner, and REALTOR with RE/MAX Elite Partners brokered through RE/MAX Gold. They are not in any way intended to express what RE/MAX, RE/MAX Gold or any other agent or brokerage may think. It is my honest analysis backed but some market data. Check back each month around the 25th or so for an update as we continue down this path. 

About Elite Partners

The diverse and high performing team at Elite Partners epitomize integrity, energy, hard work, and service throughout each transaction they conduct. The Elite Partners have been responsible for over $1 Billion in transactions over the last 13 years and have ranked in the top ten worldwide within RE/MAX.

Dynamic leadership and creative marketing at its best.

Contact Elite Partners, Powered by RE/MAX Gold

Residential Services 707-580-3499

Commercial Services 707-410-5399 Broker

DRE LIC# 01215931

Elite-Partners-Logo-600px

WHO YOU WORK WITH MATTERS

Negotiation

Every offer is negotiated with your best interest in mind to achieve the highest and best terms and conditions

Comparative Market Analysis (CMA)

We provide comparable market analysis with true comparisons to give you accurate market pricing. Enjoy a detailed walk-through analysis that points out your homes unique features, upgrades and home maintenance needs.

Complete Satisfaction Guaranteed

The Elite Partners are proud of our accomplishments and realize we would not be here today if it wasn’t for our past client’s.  We chose to partner with the world’s most recognized real estate brand. Transacting business through 130,000+ agents in over 110 countries worldwide. True global exposure… It’s how WE DELIVER RESULTS

Global Connections

Over 130,000 Agents Worldwide in over 110+ countries you can be assured your home will be seen around the world.

Market Share

RE/MAX Gold enjoys a near 3 to 1 market share advantage. This means 1 our of every three homes is a Gold Nation Home

$2.0+ Billion

With over 40 years local market sales and over $2.0+ billion sold you can trust your dealing with experts who will get it done

Happy Campers

Check our reviews. Our client's love us. We put in the work, and always put you first. Trust, integrity, honesty and passion!

If you live here already, you know how blessed we are. If you’re considering living or investing here, you’ve probably experienced some of the area’s extraordinary possibilities: country settings and small-town communities; enthralling agricultural beauty, and true farm to fork lifestyle, If Northern California is your real estate destination, you’ve arrived at the right spot. Whether you’re looking to buy your first home – or to sell an estate – expect nothing less from us than a Meritage blend of real estate expertise, professional service, creativity, and a passion for achieving your goals. 

What Our Beautiful Happy Clients Say

Mike Martin and The Elite Partners were a great help in finding our first home , he answered all our questions and was honest on what he could and couldn’t do. When we contacted him he got back to us within a few hours which was great , it made the whole process less stressful and fore the most part pretty easy. We love our new home and would happily recommend Mike and the RE/MAX Elite Partners.

-Jason & Amanda

Steve Cohn is an excellent realtor. When my wife and I were buying our first home he was eager to help. He knows and understands the process of buying a home as well as the market very well. Steve and the RE/MAX Elite Partners were responsive and helped us out the whole way through. I will surely use him in the future and have recommended him to a number of people already.

-Melissa & Steve

It was a pleasure to work with Victoria to sell our first home. She was very knowledgeable and helped us through the hole processes. She made sure we understood what was happening and what we needed to do as sellers. If we were staying in the area we would have helped her find our new home as well. She and The Elite Partners were able to refer us to another great agent when we purchased our next home. I highly recommend her if you are looking to buy or sell your home.

-Rachel Demario

It provides estimates of home value, market trends and lots of information with one easy monthly report.

Sign Up Today

Home Wealth Report

Become an Insider and gain access to off-market opportunities

Get Inside Now

Connecting with thousands of real estate practitioners around the globe affords us lots of off-market opportunities. There is no fee to become and insider. Just use the form to the right and sign up. 

Skip to content