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Welcome

THE BOSCHKEN GROUP

Serving All of Your  

Davis - El Macero - Woodland

Real Estate Needs

Davis CA Real Estate - El Macero CA Real Estate - Woodland CA Real Estate

Yolo County California

Single Family Homes - Multi Family Properties, - Condos - Townhouses - Investment Property - Commercial Real Estate - Land

Feel free to look through this site to discover the Northern California communities of Davis, El Macero, Woodland, Dixon, Sacramento, Yolo County, Solano County, and Sacramento County. These online tools offer direct access to up-to-the-minute properties for sale in your area. Featuring extensive community information, consumer links, school information, city parks, sports organizations and community activities, free real estate reports, answers to frequently asked real estate questions and information about Davis and surrounding area real estate within one easy source!

 

Looking for a new home? Use Quick Search or Map Search to browse an up-to-date database list of all available properties in the area, or use my Dream Home Finder form and I'll conduct a personalized search for you.

If you're planning to sell your home in the next few months, nothing is more important than knowing a fair asking price. I would love to help you with a FREE Market Analysis. I will use comparable sold listings to help you determine the accurate market value of your home.

 

STEVE BOSCHKEN

Steve Boschken is not your typical Real Estate Agent. He received his BS degree in Environmental Design & Urban Planning from The University of California, Davis, and his MBA from the University of Maryland. With over 25 years’ experience as a Real Estate Broker, a licensed General Building Contractor, licensed Electrical Contractor, and a licensed Locksmith under his belt, Steve is an extraodinary Reatlor. 

  Steve, and his wife Kit, also own Absolute Mortgage Company, which has loan operations in Davis, Redlands, and San Diego. By owning their own mortgage company, Steve has the expertise and ability to handle all of his client’s loan transactions in-house. Making Steve’s services truly a one-stop operation for his clients. For the legal and banking industry, Steve is one of the select few in the State to be a Receiver for The Superior Courts of California. Often the courts will appoint Steve during a Judicial Foreclosure case to take over, manage, and dispose of commercial and multi-family properties as they work their way through the court system. 

With three kids in college, and a new puppy to train and love, Steve is a family man and a Davis citizen who cares about his clients and his community. He does everything in his power to make his clients happy, comfortable and at ease during all aspects of their real estate transaction. A true Real Estate Renaissance man of our time, Steve Boschken is a Realtor not to be missed.

Contact Steve at steve@boschken.com and find him on

Facebook @ https://www.facebook.com/boschkenrealestate


CA BRE # 01158604

JAMES BOSCHKEN

James Boschken is a Davis native, having attended St James Elementary School and Jesuit High School while growing up, as well as attending the University of California, Davis after high school. While at UC Davis, James was an NCAA Collegiate Water Polo Athlete, and majored in both Psychology and Economics. Much of James’ business experience was obtained by working for Boschken Inc., the family real estate, property management, and construction businesses. This is where he learned to manage real estate sales and construction operations. James has worked and managed all aspects of real estate and construction projects throughout his tenure with the company. Being well versed in both Commercial and residential real estate, he is particularly good at analyzing real estate valuations and opportunities. In addition to being a real estate agent, James is also a State of California appointed Notary Public. James has recently joined Steve and Kit Boschken, prominent Davis real estate Brokers at Coldwell Banker Select Real Estate.

James is available to assist you with all your Real Estate needs. Find him on Facebook at  

https://www.facebook.com/pages/James-Boschken-Real-Estate/402761759897002

Please contact him at james@boschken.com or (530) 220-4663. 

 


CA BRE # 01954242

BOSCHKEN PROPERTIES

Kit Boschken manages local property management company, Boschken Properties. Davis is a fast-paced town that has a lot of movement due to the university with students and professors coming and going. "Turnover" is the period at the end of August and beginning of September where renters are moving out and moving in, often time overlapping with each other's time frames. Kit knows all about Davis, it's rental community, and is always there to help. She knows the best companies around town for repairs, and maintenance, and will never leave you hanging. Kit is also an expert home baker and manages to transform local California fruit into delectable treats that Steve Boschken adores. 

Contact Kit at kit@boschkenproperties.com, or find Boschken Properties on Facebook @ https://www.facebook.com/pages/Boschken-Properties/227276110794067

as well as the website with tenant and owner services: www.boschkenproperties.com

 

Real Estate News!!!

Latest Realty News from NAR

REALTORS® Confidence Index Survey: May 2018 Highlights

The REALTORS® Confidence Index (RCI) survey[1] gathers monthly information from REALTORS® about local real estate market conditions, characteristics of buyers and sellers, and issues affecting homeownership and real estate transactions.[2] This report presents key results about market transactions from May 2018. View and download the full report here.

Market Conditions and Expectations

  • The REALTORS® Buyer Traffic Index registered at 73 (74 in May 2017).[3]
  • The REALTORS® Seller Traffic Index registered at 44 (46 in May 2017).
  • The REALTORS® Confidence Index—SixMonth Outlook Current Conditions registered at 72 for detached single-family, 59 for townhome, and 57 for condominium properties. An index above 50 indicates market conditions are expected to improve.
  • Properties were typically on the market for 26 days (27 days in May 2017).
  • Eighty-eight percent of respondents reported that home prices remained constant or rose in May 2018 compared to levels one year ago (90 percent in May 2017).

Characteristics of Buyers and Sellers

  • First-time buyers accounted for 31 percent of sales (33 percent in May 2017).
  • Vacation and investment buyers comprised 15 percent of sales (16 percent in May 2017).
  • Sales of distressed properties (foreclosed or sold as a short sale) accounted for 3 percent of sales (5 percent in May 2017).
  • Cash sales made up 21 percent of sales (22 percent in May 2017).
  • Seventeen percent of sellers offered incentives such as paying for providing a warranty (9 percent), closing costs (6 percent), and undertaking remodeling (2 percent).[4]

Issues Affecting Buyers and Sellers

  • From March–May 2018, 76 percent of contracts settled on time (76 percent in May 2017).
  • Among sales that closed in May 2018, 77 percent had contract contingencies. The most common contingencies pertained to home inspection (58 percent), obtaining financing (45 percent), and getting an acceptable appraisal (44 percent).
  • REALTORS® report “low inventory”, “interest rates”, and “multiple offers” as the major issues affecting transactions in May 2018.

About the RCI Survey

  • The RCI Survey gathers information from REALTORS® about local market conditions based on their client interactions and the characteristics of their most recent sales for the month.
  • The May 2018 survey was sent to 50,000 REALTORS® who were selected from NAR’s 1.3 million members through simple random sampling and to 7,495 respondents in the previous three surveys who provided their email addresses.
  • There were 4,169 respondents to the online survey which ran from June 1-12, 2018. The survey’s overall margin of error at the 95 percent confidence level is one percent. The margins of error for subgroups and sample proportions of below or above 50 percent are larger.
  • NAR weighs the responses by a factor that aligns the sample distribution of responses to the distribution of NAR membership.

The REALTORS® Confidence Index is provided by NAR solely for use as a reference. Resale of any part of this data is prohibited without NAR’s prior written consent. For questions on this report or to purchase the RCI series, please email: Data@realtors.org


[1] Thanks to George Ratiu, Managing Director, Housing and Commercial Research and Gay Cororaton, Research Economist for their data analysis and comments to the RCI Report.

[2] Respondents report on the most recent characteristics of their most recent sale for the month.

[3] An index greater than 50 means more respondents reported conditions as “strong” compared to one year ago than “weak.” An index of 50 indicates a balance of respondents

who viewed conditions as “strong” or “weak.”

[4] The difference in the sum of percentages to the total percentage of sellers who offered incentives is due to rounding.

Median Prices Rose to Highest Level, But Inflation-Adjusted Prices Still Below Bubble Peak

The median sales price of all existing homes sold rose to its highest level in May 2018, to $264,800. This peak price exceeds the housing bubble peak of $230,400 in July 2006. The median sales price of existing homes sold has been trending up (on a year-on-year basis) in the past 75 months since March 2012. This also represents a 71 percent nominal increase from its lowest level in January 2012 of $154,600. However, netting out the effect of inflation, the May 2018 inflation-adjusted median home sales price is at $172,928. This is still 11 percent lower than the inflation-adjusted peak price of $193,781 in June 2005. On an inflation-adjusted basis, home prices have increased 58 percent since February 2012.

An inflation-adjusted measure of house prices provides useful information for both current homeowners and for homebuyers. For current homeowners, a desirable situation is one where home prices are appreciating at a faster rate than inflation, so that they get a positive real return. For homebuyers, a desirable situation is one where home prices are not appreciating too far off from the overall increase in prices (inflation), so that households are not forced to make significant adjustments to their spending behavior just to purchase a home. Moreover, home prices should not be appreciating too far ahead of the rate of increase in income (which is also tied to some extent to inflation), which makes a home purchase unaffordable.

The median sales price of existing homes sold at the nominal and inflation-adjusted levels are still rising, but the pace of appreciation has slowed compared to the double-digit growth rates in October 2012‒ January 2013. Although the May 2018 nominal median home price of $264,800 is a new high, this represents a modest appreciation of 4.9 percent (year-on-year basis) compared to the average price appreciation of 8.5 percent during the bubble period and the 7.0 percent average during this current recovery period.  The inflation-adjusted median home price rose by 2.0 percent in May 2018, also a slower pace of appreciation compared to the 5.7 percent average during the housing bubble period and the 5.5 percent average during this recovery period. This indicates that, nationally, the real estate market during this recovery period has not overheated to the same intensity as that of housing bubble period of January 2012–July 2006.

The pace of price appreciation has started to taper off as home prices have become less affordable, along with interest rates on the rise. Home prices have been rising at a faster pace than income, making a home purchase less affordable.  As of 2017, the median sales price of existing homes was up 40 percent compared to the annual average in 2012, while incomes (measured by weekly earnings) were up by only 12 percent.

Interest rates are still at historically low levels, though they are on the rise, as monetary policy is expected to tighten in response to rising inflation.  The 30-year fixed-rate mortgage has increased to 4.62 percent during the week of June 14 compared to 3.91 percent nearly one year ago. A one-percentage point increase in mortgage rates increases the monthly mortgage by $119 (or $1,426 annually) for a borrower making a 20 percent down payment and by $143 for a borrower making a 3.5 percent down payment (or $1,720 annually). For some borrowers, this additional cost can mean the difference between buying or renting.

In summary, nominal home prices are above the peak seen during the bubble years, but the inflation-adjusted price is still below the housing bubble peak. Moreover, while home prices are still increasing, the pace of price appreciation is slowing, as demand is adjusting to the higher price and rising mortgage rates. The trends indicate that the pace of price appreciation during the current recovery period is not likely to reach the intensity of the housing bubble period on a national scale.

Younger Boomers: Purchased Multi-Generational Homes

Younger Boomers, buyers aged 53 to 62 years, made up 18 percent of all home buyers in 2017. The median age for this group was 58 years old and they were born between 1955 and 1964. This age group was the most likely to purchase a multi-generational home at 20 percent. Their reasons for purchasing a multi-generational home were children or relatives over the age of 18 years moving back in (23 percent), health/caretaking of aging parents (22 percent), and children over 18 years that never left (16 percent).

For Younger Boomers, the primary reasons they purchased homes were the desire to own a home of their own (17 percent), a job-related relocation or move (13 percent), and the desire for a smaller home (10 percent), more than other generations. Compared to other buyers, they said it was the right time and that they were just ready to buy when they did (49 percent).

Younger Boomers were less likely to purchase in the suburbs (50 percent) and most likely to purchase in rural areas (15 percent) compared to other generations. They had the second highest median household income at $94,000. They also purchased the second most expensive homes of all generations with a median home price of $249,200. This generation of buyers also purchased the third largest homes in size at a median square footage of 1,870.

Younger Boomers were the most likely to consider heating and cooling costs very important. This age group was unlikely to compromise on the price of the home as well as the quality of and distance from schools. Younger Boomers moved from their previous residence at a median of 17 miles.

Younger Boomers were the most likely to look online for properties for sale as their first step in the home search process (48 percent). They were also the most likely to cite yard signs as useful search information on homes (50 percent) more than other generations. Younger Boomers were the most likely to use money from an inheritance for the downpayment of their home purchase.

Younger Boomers were the second largest share of home sellers last year at 23 percent. They had the third highest median incomes for sellers at $100,000 (Millennials surpassed them this year) and sold the second highest median priced homes at $264,300. Younger Boomers were the most likely to sell a detached single-family home and sold the largest homes at a median of 2,100 square feet. They were the most likely to offer home warranty incentives to help sell the home.

 

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North American Title Company is centered around many strengths - an absolute commitment to the customer, a talented and dedicated staff, and superior underwriting skills, among others. Further, North American's affiliation with LENNAR Corp brings many additional assets to our customer; recognized financial strength, national support services, and an unrelenting commitment to the real estate and homebuilding industries. We're excited about our future and want you to be a partner with us.

 

Steve Boschken is a licensed locksmith and your local and reliable source for rekeying, key copying, and repairing and replacing locks.

Contact Lock and Key for the best quality service in Davis. 

steve@boschken.com

(530) 756-7000/(530) 756-7653

Steve Boschken is a licensed business contractor and general electrician. Hiring Boschken Construction is your one stop shop in home construction: everything from small to large remodels. Steve Boschken has many renovations under his belt, including his own home. He knows where to get the best products and knows the most established businesses to help make your home just what you envision.

Contact Boschken Construction for inquiries. 

(530) 756-7653/steve@boschken.com

License #637863

 

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Steve Boschken, MBA
Broker Associate
505 2nd Street

Davis, CA 95616
Phone: 530-756-7000
Email: steve@boschken.com
CA BRE# 01158604

Your mortage needs met! 

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Testimonials


"My wife and I were coming up on our 1 year wedding anniversary, and decided
we wanted to buy a house. I asked around about Realtors and had been
connected to someone who knew their stuff, but to whom I did not feel the
personal connection that I did when Steve Boschken and I started working
together. I handed him a stack of paperwork, and in a little over a month he
handed me the keys to our beautiful dream home. While working with Steve, he
became a friend who shared in our personal journey toward obtaining our
house. From sitting in his office, to picking us up and showing us houses,
to constantly keeping us updated on the process--he offered the perfect
balance between being personable and professional. He is a man who is
dedicated to his craft, and his family…Steve Boschken is a California Real
Estate Super Hero!"

 Chay McCambell
"I chose to work with Steve Boschken because he knows Davis and is a good person and hard worker. When I look back at this Real Estate experience, Steve's responsiveness and attention to detail stand out most in my memory. I can't think of one thing he could have done differently; it was such a positive experience. Steve Boschken is excellent! Ms. Sharon Tobar
"There is nothing I could have asked to be different with Steve Boschken. Steve is great!!! He is very patient, easy going and very knowledgeable. I had a really good experience working with Steve. Liza Hazard
"From the first time I spoke to Steve on the phone, I knew he was going to be great. We didn't know anyone (contractors etc.) in Davis. Steve was very instrumental in guiding us to some great subs. There is absolutely nothing I would change about my experience. Steve is warm, friendly, above all extremely knowledgeable. He KNOWS Davis." Fred and Pam Ross
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