Yolo Homes Friday, July 8, 2022

YOLOhomes

DAVIS, WOODLAND, WINTERS & BEYOND FRIDAY, JULY 8, 2022

3604 Miwok Place

COURTESY PHOTOS

Offered by Dana Hawkins, Coldwell Banker Sacramento Metro, page 3

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YOLO HOMES · FRIDAY, JULY 8, 2022

Using a Local Agent Matters! Why? Agents use an arsenal of tools to determine how to write offers and price homes. There is a lot of expertise and nuance built into our recommendations. We know the area, the housing inventory, local buyer/seller trends, and a wealth of other variables. Do you really want to put your biggest investment in the hands of someone less than fully-engaged with the Davis market? Real estate is always local.

2325 Harding Terrace 3 bed

•

2 bath

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1,539 sq ft

Perfect location! This beautiful home is tucked into a cozy eight-home development and backs to Davis' ever popular trail system. Whether you are a runner, walker, dog-parent, or just enjoy the sound of birdsong and the smell of orange blossoms, this location has it all! High ceilings and south-facing windows create a bright, inviting space the moment you walk in. Family room and dining area flow seamlessly together.

5050 Glide Drive 9 bed

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9 bath

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6,661 sq ft

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TRIPLEX

Incredible and rare investment opportunity in Davis! Property includes three nearly identical units 2,061 square feet each. Units are 3 bed, 2.5 bath, loft, vaulted ceilings, 2 car garage with laundry, and yard. Each unit has primary en suite bed/bath on ground floor. Property is located in South Davis and backs to Pioneer Park - adjacent to Pioneer Elementary. Excellent freeway access and nearby Nugget market and restaurants.

1959 Cannery Loop 4 bed

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4 bath

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2,789 sq ft

Sophisticated, livable design - this beautiful home is warm and inviting with gorgeous engineered hardwood flooring, 10 ft ceilings and great natural light. Two en suite bedrooms on ground floor, and office, make this a perfect multi-family home. Beautiful kitchen has expansive cabinet/countertop space with soft close doors and drawers and a large walk-in pantry, and Cesarstone countertops.

YOLO HOMES · FRIDAY, JULY 8, 2022

Paradise Found!

Cover Home

OPEN HOMES • FRIDAY • JULY 8 NORTH DAVIS

1211 Gazelle Place • $924,000 4:00PM - 6:00PM LYON REAL ESTATE/Praoevalai McCall

EAST DAVIS

2737 5th Street • $874,000 4:00PM - 6:00PM LYON REAL ESTATE/Kendall Schmidt

OPEN HOMES • SATURDAY • JULY 9 NORTH DAVIS

1211 Gazelle Place • $924,000 11:00AM - 2:00PM LYON REAL ESTATE/Kendall Schmidt

EAST DAVIS

2826 Mallorca Lane • $875,000 11:00AM - 1:00PM KAPPEL GATEWAY/Bobby Schultze

OUT OF AREA

105 Bartlett Avenue, WOODLAND • $1,200,000 11:00AM - 2:00PM WOODLAND-DAVIS R.E./K. Imbach & J. Vaughn

OPEN HOMES • SUNDAY • JULY 10 NORTH DAVIS

1211 Gazelle Place • $924,000 11:00AM - 2:00PM LYON REAL ESTATE/Kendall Schmidt

EAST DAVIS

1017 Mesquite Drive • $899,000 10:00AM - 12:00PM LYON REAL ESTATE/Sam Kerrigan 2826 Mallorca Lane • $875,000 11:00AM - 1:00PM KAPPEL GATEWAY/Bobby Schultze

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3604 Miwok Place 4 Bedrooms • 3 Bathrooms 2,861 Square Feet MLS# 22079135 This Monley Cronin beautifully designed & built home has been expanded & gorgeously updated. Providing 2861 sq. ft., 4 bedrooms, 3 full baths, large remote bonus room w/ full bath, & featuring cathedral & recessed ceilings, 2 fireplaces, French doors, tranquil slate & wood flooring, soothing beach tone wall and tile colors throughout, private yards w/ pool, patio & built-in barbeque kitchen, & lush tropical landscaping, you can almost hear the ocean & Pahu drums. Updates include- Stunning 2015 Kitchen w/ dacor gas cooktop, oven, microwave, warming drawer & wine fridge, Bosch dishwasher, ceramic tile backsplash, soapstone counters, custom cabinetry, & coffered skylight. 2021 Master Bath w/ glass tiles, dual shower heads, soaking tub, marble countertops, towel warmer, & walk in closet. 2014 3rd Bath remodel w/pedestal sink, stone & tile shower stall. 2020 new 50yr roof. 2021 plumbing moved from foundation to attic & walls. All tucked away at the end of a cul-de-sac. Aloha!

Dana Hawkins DRE #01318897

530.219.5076

www.danahawkinsrealestate.com Dana.Hawkins@cbnorcal.com

$1,289,000

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YOLO HOMES · FRIDAY, JULY 8, 2022

Home sales in California dip below pre-pandemic levels as the effects of rising interest rates begin to show even as prices set another record • Existing, single-family home sales totaled 377,790 in May on a seasonally adjusted annualized rate, down 9.8 percent from April and down 15.2 percent from May 2021.

• May’s statewide median home price was, $898,980 up 1.6% percent from April and up 9.9% percent from May 2021.

• Year-to-date statewide home sales were down 8.9 percent in May. LOS ANGELES — California’s housing market started showing signs of a market shift in May, as the monthly average 30-year fixed rate mortgage surpassed 5 percent for the first time since April 2010 leading to the lowest sales level since June 2020, and the largest yearover-year decline in five months, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 377,790 in May, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide annualized sales figure represents what would be the total number of homes sold during 2022 if sales maintained the May pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.

May’s sales pace was down 9.8 percent on a monthly basis from 419,040 in April and down 15.2 percent from a year ago, when 445,660 homes were sold on an annualized basis. Home sales dipped below the 400,000 level for the first time since June 2020. While public health concerns and market uncertainty were the triggering factors that resulted in the sales decline two years ago, tight supply and the higher cost of borrow-

ing were responsible for the near double-digit decline this time around.

“We’re beginning to see signs of a more balanced housing market with fewer homes selling above list price and homes remaining on the market a little longer than in previous months,” said C.A.R. President Otto Catrina, a Bay Area real estate broker and REALTOR®. “What this tells us is that there is slightly more supply, fewerand less-intense bidding wars, and those who've experienced ‘buyers' fatigue’ may now have a window of opportunity.”

California’s median home price set another record in May at $898,980 — surpassing the record set in April of $884,890.

The May price was 1.6 percent higher than the April median price and 9.9 percent higher than the $818,260 recorded last May. This can largely be attributed to the mix of sales with the high-end market continuing to outperform the more affordable market segments.

The share of million-dollar home sales increased for the fourth straight month and reached the highest level on record at 35.3 percent, while home sales priced below $500,000 dipped again in May and hit the lowest level of all time.

Home prices could be leveling off though, as the monthly gain in price appears to be moderating. The month-overmonth increase of 1.6 percent in the May median price was still higher but only slightly above the long run average of 1.1 percent recorded between April and May in the last 43 years.

“Pending home sales declined 30.6 percent in May – the biggest drop since the first month of the pandemic – likely due to eroding affordability, rising mortgage rates and home prices, and the increased risk of a recession,” said C.A.R. Vice President and Chief Economist Jordan Levine.

“The combined effect of the aforemen-

California Association of Realtors/Courtesy graphic

tioned factors resulted in a record increase in the average monthly mortgage payment to a typical home by more than 40 percent in May. With the Fed expected to raise rates further in the second half of

the year, the 30-year fixed rate mortgage could surge past 6 percent by year's end and lead to more affordability challenges for potential homebuyers.”

—California Association of Realtors

520-522 Oeste Drive ACCEPTED OFFER!

$895,000 Rare find! This delightful Central Davis duplex is just steps to the UC Davis campus. Both units have two bedrooms and one bath. Kitchens and living rooms are spacious. Stylish luxury vinyl plank flooring in both units. Attached one-car garage for each unit. The large, private backyards provide tranquil retreats. It’s the perfect investment property with a strong rental history, and ideally suited for a 1031 exchange.

Or enjoy living on one side and renting out the other. Fabulous location near Trader Joe’s and downtown, too.

JOE KAPLAN Associate Broker

530.304.5978

joesellsdavis@gmail.com Cal DRE# 01230760

Bringing Buyers & Sellers Together Since 1997

LiveinDavis.com

YOLO HOMES · FRIDAY, JULY 8, 2022

WE SOLD ALL OF OUR LISTINGS! The MB Realtor Group makes the process easy from start to finish.

Home prep, estate sale, home sale and new home transition...

Bretton Woods, Davis’ new senior neighborhood, is moving forward soon!

It’s never too early to prepare. Don’t be overwhelmed. We have the resources and experience... you are not alone.

CALL US TO EXPLORE YOUR OPTIONS. 105 Bartlett Avenue, Woodland

Donna Hagans

Raquel Perez-McDonald

Malek Baroody

Shelley Bronzan

530.400.1060

530.681.9557 RealtorRaquel@gmail.com

530.681.9555 BrokerMalek@gmail.com

530.318.0626

REALTOR®, DRE# 02135942

Realtor, DRE# 01389120

Broker, DRE# 00759230

REALTOR®, DRE# 02052665

$1,200,000

Klara Imbach License # 01426188

530-681-2322 Fax: 530-309-3344 klara@woodlanddavisrealestate.com Incredible opportunity to own this gem of a home in central Woodland. Situated on .67 acres this home includes 3 bedrooms, 3.5 baths, a spacious family room, formal dining room an office (can be used as 4th bedroom) and a large kitchen with SS appliances and an island that brings everyone together. The backyard is an entertainers dream with its vast lawn area, a beautiful pool that leads to the pool house which includes a sink, stove and fireplace.

And a fully stocked barbecue area which sits under a beautiful new pergola. Additional opportunities exist with the extended living space over the detached two car garage. Don’t miss out on this truly one of a kind property!

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YOLO HOMES · FRIDAY, JULY 8, 2022

YOLO HOMES · FRIDAY, JULY 8, 2022

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YOLO HOMES · FRIDAY, JULY 8, 2022

Winning a bidding war REAL ESTATE 101

If you’re looking to buy a house right now, you understand that it’s a seller’s market.

Inventory is low and prices are high, higher than ever, in fact.

So if you find your dream home, chances are you’ll encounter a bidding war.

Here’s how to win.

Be prepared Unless you’re offering all cash, most agents won’t even consider a bid unless you’re preapproved by your lender, preferably one familiar with the local market.

Get preapproved for a mortgage before you start shopping for a home, say the experts at Rocket Mortgage. Your lender will provide you with a guaranteed approval up to a certain number, allowing you to bid up to that maximum.

Preapproval letters show sellers you’re a serious bidder and that you won’t have trouble getting a mortgage to purchase the home. Without one, a seller might pass by any offer you might make.

Making the offer In today’s market, houses are selling for as much as 25% over asking price, or more — sometimes with dozens of bidders driving the price ever higher.

It’s important to go in with your best offer — even if it’s less than what you’re approved for. Traditionally, say the experts, the best way to win is to offer the most money. But don’t bid above what you’re comfortable with.

Going into a bidding war with your best offer takes some of the emotion out of the process. You’ll know you can

walk away having offered the highest price you can afford.

Here are some other ways to ensure you win a bidding war, according to Rocket Mortgage: • Add an escalation clause: If you think you’ll face competition, but can’t be sure how much others will pay, your real estate agent can write an escalation clause into your offer that says you’ll pay a certain dollar amount above any offer up to your budget limit.

• Drop contingencies: Contingencies are specific conditions that must be met before a sale can be completed.

If you remove any contingency, you’re making it easier for the seller to accept your offer.

• Skip the inspection: It’s risky, because great-looking homes can hide a wealth of problems. But bypassing the inspection is one way to entice the seller if you can afford the risk.

• Offer all-cash: Many people don’t have the wherewithal to make an allcash offer, but if you can, experts say your offer can quickly jump to the top of the pile. Cash saves both parties time by skipping underwriting and shows the seller you won’t have problems with financing.

—HomeWise

YOLO HOMES · FRIDAY, JULY 8, 2022

Professional services Directory DESIGN

BUILD

ENJOY

Great Selections t ons att

Great Prices!

Davis Native Since 1969, Your Local Builder Designing Building Remodeling in Davis Over 30 Years

Top Soil Pavers Bark

MORSECUSTOMHOMES.COM

Buy your home with confidence!

Meet a mortgage lender you can count on.

Come See Us for All Your 150 East H St., Dixon Landscaping (707) 678-8200 Needs! www.dixonlandscape.com

Terri Hirst, Mortgage Loan Representative DAVIS MORTGAGE LOAN OFFICE 508 Second Street, Suite 104 s THIRST THATSMYBANK COM www.thatsmybank.com/thirst Member FDIC

Fair Price, Quality Work!

Cobbles Sand / Gravel Flagstone Sod Retaining Walls Bricks Decorative Rocks

BLINDS · SHUTTERS · SHADES Come See Our Showroom!

DAVIS

FIRST NORTHERN BANK

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HOME TRENDS 2300 5th St. Davis • (530) 756-4187 DavisHomeTrends.com

(530) 756-6061 • eisele-construct@sbcglobal.net Lic. #628459

CONVENTIONAL LOANS CAN REALLY HELP IN TODAY’S MARKET

DAVE HE ARD

Branch Manager | NMLS# 244146 530.902.3725 2033 Howe Ave. Ste. 110, Sacramento, CA 95825 dheard@masonmac.com | www.masonmac.com Equal Housing Lender. Not a commitment to lend. Rates and Terms subject to change without notice. Licensed by the California Department of Financial Protection and Innovation under the California Residential Mortgage Act No. 4130968; NMLS #1141 www.nmlsconsumeraccess.org

Celebrating 30 years in business!

530-753-5074

www.brookspainting.com LIC# 737789

Remodeling, Design & Construction general contractor, lic 611115

530.753.1551 • www.SedilloCompany.com

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YOLO HOMES · FRIDAY, JULY 8, 2022

NAR-Urban Institute policy forum calls for more inclusive access to homeownership WASHINGTON – The National Association of Realtors® and the Urban Institute hosted a policy forum Friday at the National Press Club in Washington, D.C., to discuss reforming mortgage finance and other policies to make homeownership more accessible to underserved communities.

The event entitled Financing the Future of Housing featured a keynote interview with James Wylie, associate director of the Office of Fair Lending Oversight at the Federal Housing Finance Agency (FHFA), followed by two diverse panels.

"Realtors® play an important role in building a more sustainable and equitable housing system," Wylie said. "By helping homebuyers, particularly those in underserved areas and in communities of color, understand what counseling services and resources are available to them, we can work together to help close the equity gap."

Wylie broached the topic of credit

score reform, which the FHFA supports, to make housing finance more inclusive.

"For most, rent is the primary bill before becoming a homeowner," he said. "Consumers should get credit for that, and it should be part of underwriting."

Wylie also spoke about the housing supply issue, a top advocacy priority for NAR. "We are trying to find every angle we can on the supply issue. It's a real challenge," he said. "We are not going to solve it alone; it will require a partnership across the industry."

2022 NAR Vice President of Advocacy Kaki Lybbert provided an overview of the many ways Realtors® are working with Congress, the administration, and industry partners to expand homeownership, from championing policy proposals to increase housing supply to supporting initiatives such as the Black Homeownership Collaborative's 3by30(link is external) plan to add three million net new

Adobe Stock/Courtesy graphic

Black homeowners by 2030.

"Our commitment to opening the door to more homeowners is ongoing and growing," Lybbert said. "Every family deserves to have the opportunity to reap the benefits of homeownership – from building generational wealth to building memories for years to come. Thank you for working with us to make the American Dream of homeownership accessible to all."

Policy Check-Up: Retain, Repair, or Replace In the first panel, moderated by Andrew Ackerman of The Wall Street Journal, panelists Wendy Penn, associate vice president of affordable housing initiatives at the Mortgage Bankers Association, Mike Calhoun, president of the Center for Responsible Lending, and Lisa Rice, president and CEO of the National Fair Housing Alliance, discussed the current system – what works, what doesn't, and what needs to be replaced.

"The dramatic increases in the cost of housing and financing force us to reevaluate the products and services required to provide needed housing, especially for those long denied these opportunities," Calhoun said.

Rice agreed. "Our housing and finance systems are inherently unfair," she said.

"Consumers of color have to go into a biased system and landscape of unfairness in order to gain access. Special purpose credit programs allow for-profit and nonprofit entities to assess why consumers cannot access credit and design credit programs that allow those consumers to access credit in a safe and sound manner."

Penn highlighted the problems resulting from distrust in the system, including a reluctance to ask for help, especially among underserved communities. "We don't often pay enough attention to people's minor crises," she said. "A critical repair turns into a code violation, which turns into a fine, and it spirals from there. Then some-

one calls and says, ‘I'll buy your home for cash.' That's what's stripping the wealth out of these communities."

"We can't just get [people] into homes; we have to keep them there," Penn concluded.

Policy Resilience: Withstanding Future Shocks and Challenges In the second panel, moderated by Marketplace Senior Correspondent Amy Scott, panelists Jerry Howard, CEO of the National Association of Home Builders, Michael Neal, principal research associate at the Urban Institute's Housing Finance Policy Center, and Jacob Corvidae, principal at RMI, discussed specific roadblocks to closing the homeownership gap and solutions to overcome them.

"Households of color continue to experience disproportionate challenges in pursuit of the American Dream and its promised benefits," Neal said. "But by exploring the benefits of new homeownership strategies targeted specifically at historically marginalized families and building in resiliency against key systemic risks, we can advance a housing market that works for everyone."

Howard outlined the dire state of housing affordability. "Right now, the average American cannot afford to buy the average house that's on the market," he said. "Construction costs have risen by 21%, labor costs have risen by 15%, and regulatory compliance costs are going back up."

Corvidae focused on how extreme weather events are exacerbating the homeownership gap – and are poised to cause even greater problems in the future. "Study after study has shown when these extreme weather events occur, they disproportionally affect communities of color and lower-income households," he said. "We need to match transparency with loan products that can … create investment to solve these problems."

—National Association of Realtors

YOLO HOMES · FRIDAY, JULY 8, 2022

44221 S. El Macero Drive $1,349,000 4 Bedrooms 3 Bathrooms 2,260 Square Feet .23 Acre Lot

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2403 Hepworth Drive $1,245,000 5 beds 3 baths On the 1st hole of Wildhorse Golf Course 2,567 square feet

✴ Cathedral ceilings in the dining room & living rooms. ✴ Remote 4th bedroom & 3rd bath. ✴ Spacious updated kitchen with gas cooktop, granite counters, builtin fridge, dining bar & nook with bay window. ✴ Master suite with sliders to the private backyard with covered patio. ✴ Remodeled Kitchen. ✴ New Presidential Triple Layer 50 yr roof installed and Luxury Plank Flooring in 2022. ✴ Master & Guest Bathrooms updated including new flooring & granite countertops in 2020.

MLS #222065478

PRICE REDUCED!

Dana Hawkins, Global Luxury Specialist, Realtor

®

CalDRE #01318897

Dana.Hawkins@cbnorcal.com www.danahawkinsrealestate.com

530.219.5076

Coldwell Banker Sacramento Metro

One of the number one Real Estate Agents in Davis, Winters, and all of Yolo County since 2017.

When it comes to real estate David's got you covered. He has your back through the whole transaction and he knows the local market like nobody else. He’s one hell of a negotiator and get YOUR LOCAL REAL ESTATE EXPERT!! you what you want. He is very patient and easy to work with you and other agents. The best part is there is no pressure and he listens to what you want.

David Lorenzo

CA DRE# 01931112

530-681-1106

lorenzodave@sbcglobal.net

25125 Highway 16, Capay Valley $925,000 1200 sq. ft. custom built brick home 1 bed - 1 bath / office / lg. kitchen / laundry / lg. shop on 14.77 acres MLS #221126670

Family Owned and Operated with a Tradition of Trust.

BROKER: DAVE DEKREEK dekreekrealty.com dekreekrealty@gmail.com Office: 530.662.1200 / Cell: 530.681.6783 DRE: 00881527

DAVE DEKREEK

KATIE KIRWIN KENDALL DEKREEK, KW BRANCH

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YOLO HOMES · FRIDAY, JULY 8, 2022

BEAUTIFUL HOMES READY FOR MOVE IN!

NEW LISTING

NEW LISTING

NEW LISTING

OPEN FRI 4-6, SAT 11-2 & SUN 11-2

5610 Marden Drive

$1,399,900

1211 Gazelle Place

OPEN FRI 4-6

$924,000

2737 5th Street

3-4 Beds + Office • 2.5 Baths • 3,120 Sq. Ft.

4 Beds • 2 Baths • 1,892 Sq. Ft.

4 Beds • 3 Baths • 2,029 Sq. Ft.

Beautiful One-Story with Gorgeous Backyard!

Cul-De-Sac Home Backing to Greenbelt!

Pride of Ownership Shows!

NEW LISTING

NEW PRICE

$874,000

YOUR HOME HERE OPEN SUN 10-12

38 Collins Place, Woodland $605,000

1017 Mesquite Drive

$899,000

3-4 Beds • 2 Baths • 1,742 Sq. Ft.

4 Beds • 2.5 Baths • 2,349 Sq. Ft.

One-Story Home on a Quiet Cul-De-Sac!

Sunnyside Home with Upstairs Bonus Room!

Selling? Buying?

Contact Kim today! #1 Agent in Davis

PENDING SALES 517 Georgetown Place���������������������������������������������������������������������� $899,000

KIM’S 2022 SOLDS

530.304.4947

kimeichorn.com keichorn@golyon.com

CA DRE# 01196250

501 Citadel Drive ���������������������$1,776,500 822 Peregrine Avenue �������������$1,675,000 621 Francisco Place ����������������$1,575,000 1620 Van Damme Drive �����������$1,475,000 2020 Rivera Place ��������������������$1,401,500 623 Del Oro Place ��������������������$1,400,000 812 Zaragoza Street ����������������$1,305,000 2026 Hopper Place ������������������$1,260,000 1019 Miller Drive����������������������$1,200,000 2109 Everglades Place ������������$1,176,000 1111 Villaverde Lane ���������������$1,105,000 628 Fillmore Drive �������������������$1,040,000 528 Hermosa Place �����������������$1,000,000

4340 El Macero Drive���������������$1,000,000 3216 Oyster Bay Avenue �������������$981,000 1228 Sequoia Place ��������������������$932,000 819 North Campus Way ��������������$930,000 33455 Highway 16, Woodland �����$901,500 2940 Quail Street ������������������������$860,000 806 Colby Drive ���������������������������$850,000 1707 Baywood Lane ��������������������$842,500 2548 Lafayette Drive �������������������$820,000 1810 Carlsbad Place�������������������$773,300 2710 Hatteras Place �������������������$756,000 1405 Madrone Way, Woodland ����$740,000 1201 Valerosa Way ����������������������$736,000

2839 Loyola Drive �����������������������$726,030 9 Hays Street, Woodland ������������$680,000 2394 Roualt Street ����������������������$675,000 2 Simmons Way ��������������������������$665,000 3317 Monterey Avenue ���������������$665,000 2027 Humboldt Avenue ��������������$658,000 1605 Winne Drive, Woodland������$637,000 1340 E� Gum Street, Woodland ��$614,000 2042 E� 8th Street �����������������������$510,000 2138 Bella Casa Street ���������������$440,000 1707 Olympic Drive #10 ��������������$439,000 132 Full Circle �����������������������������$215,000