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Year over year statistical data for Yolo County ending February 2022

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 February 2022. 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









And here comes spring… With the change in time (Springing forward) comes the spring selling season. There are some big surprises in these numbers so let’s jump in. I am sure the first thing that catches your eye is the red line shooting up on the pending report. I love focusing on pending sales as they are the best indication of our future market. They tell us what we can expect in the form of sales results. While that redline looks exciting it is actually not as exciting as one might think. At 109 units pending it does represent a monthly increase of +13.5% but as we look back at last year we can see it still falls significantly short at -12.8%. We did close out 90 properties in February which was an +11.3% month over month and -18.2% year over year.

Yes that is $387.00 per square foot which is a historical all time record for homes in Yolo County. It also represents +16.9% month over month increase and a +29.9% year over year. Can we sustain this level? This year is starting to look like a much slower over-all year compared to last year. We are already seeing a sluggish start. If we peek back at our pre-pandemic numbers we can see that we are still far short of inventory levels with February coming in -63.3% less inventory that in February 2020. 


Another interesting stat in our numbers this month is looking back to our pre-pandemic numbers from February 2020 we sold 90 homes and in February 2022 we sold 90 homes. So back to normal levels? We still are way light on inventory with February coming in -63.3% less listings than back in 2020. We also see our days on market (DOM) remained the same month over month but dropped significantly from a year ago down to 17 days or -39.3% less. 

Our sold to list price has ticked up to 103% which would be indicative of why we see a large skyrocketing sold sales price of $737,000. This is up 27.1% month over month. Imagine making nearly 30% on the purchase of your home in one month. All in all we are growing at +32.6% appreciation. With rising interest rates now might be the very best time to buy and sellers need to seriously consider the effects higher rates will have on their values moving forward. Decreased buying power equates to lower home values. 

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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. 

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