For the purpose of this post and on my website I define “Luxury Homes” as anything listed over $750,000. I understand that not every home in that price range is “Luxurious” however often it gets more difficult to get financing for properties when they start to reach this level. Currently there are 25 properties in Davis for sale with a price of at least $750,000. There are currently 112 homes for sale in Davis so luxury homes represent 22% of the current inventory. There are currently 3 pending sales in this price range and there have been 39 sales since January 1, 2011.

Of properties that sold over $750,000 there were 18 homes that found a buyer within the first 30 days of going onto the market. The average sales price to list price was quite high for these homes at 99.04%. Homes that took longer than 30 days sold between 93.76% – 88.03% of their list price. The average number of days on market for this price range was 101.

Sometimes it is difficult when a property has some unique features to determine a list price, but what the past years sales has shown is that if a price appears “reasonable” to a buyer they will make a good offer and do so fairly quickly. Sometimes properties in this price range take longer than average to sell because often a buyer of this type of home has another house to sell. If the house is also in Davis it is my experience that as long as the house to be sold is priced properly and the buyers are motivated that they do whatever is necessary to get their current home sold.

Statistical information pulled from MetroList MLS. See Luxury Homes for sale in Davis.

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