Secure a home while prices are low, the tide may change

By Joedy Michael Special to the Express

What a difference a year makes! A year ago, we entered the Spring home-buying season with prevailing interest rates below 3 percent, elevated home prices (the average price paid in Winters in April 2022 reached $663,000), intense competitiveness with homes selling quickly and over asking, and a historically low ‘For Sale’ inventory. This year our Spring season is looking very different. The prevailing interest rate is nearing 7 percent, home sales and median sold prices are

Carrion Properties

Residential, Commercial & Agricultural Real Estate

John M. Carrion, Owner/Broker CA DRE #: 00970701

RECIPIENT OF THE YOLO COUNTY ASSOCIATION OF REALTORS MASTERS CLUB SINCE 2012

2 BEDROOM 2 BATH HALFPLEX. Close to core downtown. Great court location. Good sized backyard. Offered at $445,000

SMALL COTTAGE STYLE HOME on 55+/- acres of English walnuts. Great location and great soil. $1,399,000.

SUPER CLEAN & FRESHLY PAINTED. 5 bed, 3 bath home, walking distance to beautiful downtown Winters. Low maintenance front and backyards. Offered at $778,000.

Call for details.

AN ABSOLUTE PIECE OF PARADISE ON 3.26 ACRES!

Just outside the Winters City limits. This home has it all.

Tastefully remodeled great room, includes your own personal bar, and an amazing wood burning fireplace. The outdoor pool area is like a private retreat.Beautiful outdoor kitchen with all the amenities, as well as a full outdoor bathroom and shower. Oh ya, there’s more. The shop is 50X90 and has its own gym area. Plenty of room for the motor home, and or boat. Offered at $2,275,000

5.85 ACRES OF WALNUTS in between Winters and Davis off Russell Blvd. County says you can build on it! Offered at $550,000. Call for details.

38 ACRES! Beautiful Chandler Walnut orchard. Located just outside of Winters off Putah creek road. Very well taken care of. Great producer, Excellent soil, solid set sprinkler system with an ag well. Would make for an awesome building site! Offered at $1,095,000.

35.75 ACRES OF INCOME PRODUCING WALNUTS!

Located just East of town towards Davis off Russell Blvd. Could make for a great building site (check with the county)! Offered at $999,000.

BEAUTIFUL RANCH STYLE HOME on .4 of an acre. Completely remodeled on the inside, Blank slate on the outside. Plenty of room for an RV and all the other toys. 4 beds, 2 baths. Walking distance to Walnut Park and Downtown Winters. Offered at $699,000.

GREAT BUSINESS OPPORTUNITY! Located right across the street from the Winters Hotel. Currently being used as a smog/mechanic shop. 9600 square foot lot! $995,000. Call for details!

(530) 795-3834 finally up after having declined every month since the interest rates began rising last summer, and our ‘Pending’ inventory is the highest it has been in the past 12 months.

Some, like me, believe that right now might be an opportunity for buyers to get back in the race and secure a house while prices are low, as it may not last.

The Winters Median Sold Price hit $628,000 in March, down 6.3 percent from last year, but up 7.9 percent from February, for the second consecutive month.

The Median Sold Price is back to levels we experienced in the fourth quarter of 2021

INTERESTED IN SELLING?

Coming Soon! NEW LISTING OPPORTUNITY KNOCKS IN NORTH VACAVILLE!

6 approved lots with separate APN numbers. Final map approved project is ready to move forward. Lots located in area of million-dollar(+) homes. Seller owns 31 water rights. Call today for more details! Priced at $1,199,999.

5 ACRES ZONED INDUSTRIAL. Commercial water and PG&E at lot. Great location on Airport Road close to new housing tract and Trilogy housing tract. Call for details.

Sale Pending! HARD TO FIND CUSTOM

3 BEDROOM, 3 BATHROOM, 3200 sq. ft. home. In ground pool, new paint, new flooring throughout, large shop, stalls and fenced paddocks for horses, goats, etc. all on 6 ac Putah Ridge Trails. Call for more details.

Sale Pending! 5 ACRE, 3 BEDROOMS,

2 BATHROOMS with a nice horse set 3 stall barn with tack room, outdoor sand arena, fenced and cross fenced, 2/2 bath modular home along with a large shop, custom chicken coop. Home has been completely remodeled in 2017 down to the studs and and reinforcing foundation. All new heating and air, windows, kitchen, appliances, bathrooms, flooring, all eco friendly materials, lots of fruit trees. This is a rare one of a kind property!! Call for appt today!

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 whole transaction he knows the local market like nobody else. He’s one hell of a negotiator and gets 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. and many economists think we may have hit bottom in March and prices should begin increasing again from that point on. Our biggest challenge this Spring will be the lack of inventory, unless you are interested in a new home. Of the 21 current listings, 12 of them are in new/ newer developments (built after 2020).

That ratio of new builds is not common and reflects our town’s growth trajectory. With the median price of these homes being $670,000, they have many configurations ranging from $560,000–$824,000 and may be for people looking to get into this market, especially if it starts to gain more momentum.

With so many sellers locked into rates below 3 percent, we don’t anticipate a substantial amount of homes hitting the market unless sellers have to sell or they own their properties free and clear. On the foreclosure front, we

See HOMES, Page 7