Davis Real Estate City

Davis real estate: Davis is a university-oriented city with a progressive, vigorous community noted for its small-town style, energy conservation, environmental programs, parks, preservation of trees, red double-decker London buses, bicycles, and the quality of its educational institutions.

History
Founded in 1868, it was originally named Davisville for Jerome C. Davis, a prominent local farmer. The Davisville post office shortened the town name in 1907 and the change was official when the city incorporated in March 1917.

From its beginnings as an agricultural community, Davis is now recognized internationally for its contributions to life sciences, agriculture, veterinary medicine, biotechnology, medical technology and engineering.

Closely tied to the community history is the University of California at Davis. UC Davis was established in 1908 as the University Farm School? The School of Veterinary Medicine was formed in 1948, with Letters and Science added in 1951. Engineering, Law and Medicine were established in the sixties, while the Division of Biological Science and Graduate School of Management came into being in 1970 and 1981 respectively.

Davis?greatest economic and social resource is its more than 62,200 residents. Outstanding professional and technical skills, coupled with progressive and innovative thinking make the population a resource envied in surrounding communities and throughout the State. Davis residents boast the highest level of education in the state with more than 80% of Davis?adult population completing a minimum of one year of college training and more than 60% having attained at least a four-year college degree.

Davis Housing Market
Median Home Price
$207,200 1999
$254,000 May 2000
$319,500 June 2000
$333,000 March 2001
$173,500 Yolo County March 2001
$209,500 Sacto County Mar. 2001

Davis Housing Units
Single Family Multiple Family Mobile Homes Total
12,940 9,907 402 23,249
* as of Jan 1, 2001 Source City of Davis

Davis is one of 86 cities in California with a population between 50,000 and 100,000. Based on population size, Davis ranked 122 out of the 474 cities in California in 2000.

Davis is situated in the Greater Sacramento Area which has a plentiful housing supply and an abundance of undeveloped land. Thus the region has some of the most affordable housing in a major metropolitan community in California and nation wide.

Housing prices in Davis are generally higher than the rest of the Greater Sacramento Area. An historical desire for slow growth in the community has contributed to higher home prices. In addition, Davis?excellent quality of life, the low crime rate and a premier local school system create high demand to move into this community.

Davis did see significant new home development during the 1990s. An average of 496 permits were issued annually. However, by June 30, 2001 there will only be about 100 lots left in Davis. Once permits are issued for these lots, Davis will have reached build-out under the current General Plan through 2010.

The limited potential for new development will continue to affect the Davis housing market and its affordability. Further adding pressure to the housing market will be the projected increase in the UCD student population through 2010, of an additional 30,000 to 31,000 students and about 500 new faculty members, plus additional staff.

The housing inventory in Davis consists of approximately 65% single family homes and 35% multi-family units. The high quality of the city's housing stock is due to the resale/retrofit program that requires housing units be inspected and brought to code standards on resale.

The size of an average single family unit increased from 2,100 square feet in 2000 to 2,666 square feet in 2001. The average multi-family unit size decreased from1,243 in 200 to 1,045 in 2001.

The primary market area of Davis includes the City of Davis, the adjacent unincorporated golf course communities of El Macero and North Davis Meadows, and the main University of California, Davis campus.

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Davis Real Estate Information - About Davis California

Davis Real Estate Information -
About Davis California