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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 through college, and gainfully employed, Steve and Kit have three Flat Coat Retrievers that they train, show, and use as Therapy dogs for UC Davis students & staff, and patients at Sutter Davis Hospital, 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 Real Estate Broker like no other.

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

Housing Affordability in July 2018

The NAR Research Group and REALTOR.COM have partnered to conduct an analysis of affordability at different income levels for all active inventory on the market.  The result of this analysis, the REALTORS® Affordability Distribution Curve and Score, shows that housing affordability across the United States declined in July compared to a year earlier. The main reason for the decline is that housing inventory remains very low, causing affordability to weaken in most areas of the country.

Nationwide, it is estimated that a household needs to earn at least $65,000 to afford more than half of the active housing inventory. Currently, the typical household, earning $51,500 can afford to buy 37 percent of homes for sale.

In July 2018, the Realtors® Affordability Score for the U.S. was 0.81. A score less than 1.0 means that households in many income ranges can afford a smaller share of houses on the market than their income percentile. For instance, under ideal housing conditions, households that earn $35,000-$50,000 should be able to afford 43 percent of homes that are currently for sale. However, they can afford to buy only 28 percent of homes currently on the market.

Metropolitan Area Affordability

Since all real estate is local, the REALTORS® Affordability Distribution Curve and Score identifies the metro areas with the most/least affordability challenges and tracks areas where affordability is weakening or improving.

Among the 100 largest metro areas, Los Angeles-Long Beach et al., CA was the least affordable metro area in July followed by San Diego-Carlsbad, CA and Oxnard-Thousand Oaks-Ventura, CA. In these metro areas, a typical household can barely afford to buy 4 percent of homes currently listed for sale. In contrast, the same household can afford to buy more than 71 percent of the housing inventory in Youngstown-Warren et al., OH-PA.

Compared to a year earlier, 66 out of the nation’s 100 largest metros became less affordable, whereas 7 were unchanged and 27 became more affordable. While smaller cities are starting to face affordability challenges, Spokane-Spokane Valley, WA and Boise City, ID were among the areas with largest decline in housing affordability in July. For instance, in Boise City, ID, the score decreased to 0.62 from 0.77 a year earlier. Let’s see what this means for households. A household earning $100,000 could afford to buy 64 percent of homes for sale in July,  while the same household was able to afford 77 percent of homes for sale a year earlier.

However, affordability improved in Denver-Aurora-Lakewood, CO and Austin-Round Rock, TX. Although Denver is one of the fastest housing markets, the score increased from 0.58 to 0.67 in July. This means that a household earning $100,000 could afford to buy about 43 percent of the homes currently listed for sale in Denver; the same household could afford to buy 39 percent of homes for sale a year earlier.

 

For more information, view the Realtors® Affordability Distribution Curve and Score data page > 

Which Metro Areas Have Rising Prices and Faster Selling Time as of June 2018?

Home prices continue to increase although the pace of price appreciation has slowed. As of June 2018, the national median sales price of existing homes sold rose to a peak of $276,900, the highest level since 20001 when NAR started tracking this data. However, the pace of appreciation has been slowing. In June 2018, the national median sales price rose 5.2 percent on a year-on-year basis (2.2 percent on an inflation-adjusted basis), a slower rate of growth compared to the price appreciation of near or above 10 percent in 2013.

 

The question is: will home prices continue to increase? One way to think about this is to compare the price appreciation with days on market. If properties continue to sell at a faster pace, this means that demand continues to outpace supply, and there continues to be an upward pressure on prices. However, if properties are increasingly staying on the market longer, then this means that supply is starting to outpace demand, causing prices to fall. As of June 2018, the median list price increased compared to one year ago in 419 metro areas tracked by Realtor.com (414 in June 2017). Meanwhile, properties sold faster compared to one year ago in 495 metro areas (395 in June 2017).

The data visualization below shows the year-on-year change in median list price (Y-axis) against the year-on-year change in days on market (X-axis). Most metro areas lie on the upper left quadrant where the median list prices rose and the median days on market fell in June 2018 compared to one year ago. There are only three metro areas where days on market rose and median list prices fell: Johnston, PA; Enid, OK, and Minot, ND.

In the high price metro areas, the median list prices rose compared to one year ago, but they have slightly declined compared to May 2018 levels. In San Jose-Sunnyvale, the median list price rose compared to one year ago (14.7 percent), but the median list price decreased compared to the May 2018 level (-3 percent). In San Francisco-Oakland-Hayward, CA, median prices rose compared to one year ago (8.7 percent) but also slightly declined from the May 2018 level (-0.4 percent). In Los Angeles-Long Beach-Anaheim, CA, the median list price also rose compared to one year ago (5.2 percent) but declined compared to the May 2018 level (-0.5 percent).

In summary, in many areas, demand is still outpacing supply, so there is still upward pressure on prices for now in many metro areas, although prices have started to trend downwards modestly in high-price metro areas (e.g., San Jose, San Francisco, Los Angeles). Affordability challenges, rising interest rates, and the modest increase in housing starts are likely exerting a downward pressure on prices. However, over the longer-term, there is still the upward demographic demand pressure from those in the 35-44 age groups (mostly millennials) who will increasingly get older, get married, have better incomes, and start forming households and buying homes. The U.S. Census Bureau projects the number of 35-44 year-old adults to increase from 41.3 million in 2018 to 47.2 million in 2028.

MedianPrices_DOM_DB4

A Dive into 2018 Member Demographics

This blog was written by NAR Research’s intern, Bronwen Leibe.

Hi again, it’s me, the research intern! Let’s take a closer look at this year’s member profile!

In the 2018 NAR Member Profile, females still make up 63 percent of all REALTORS®. This remains notably constant throughout years of experience (girl power!). Females dominate the profession, except in function breakdown; they make up a smaller percentage of broker-owners, managers with selling, and appraisers.

The median age of REALTORS® for 2018 is 54 years old. Although, there has been a slight increase in younger REALTORS® (30 years old and younger) to 5 percent.  The consistent largest age group, those 65 years and older, has increased from 17 percent to 20 percent of all REALTORS®. As a large population embarks on retirement, there will be the need for other generations to enter into the industry.

Interestingly, REALTORS® aged 45 to 54 are a larger portion with 2 or less years of experience than REALTORS® aged 30 years old and younger. Are people coming from other occupations? Well, only five percent of REALTORS® reported real estate was their first career. With 95 percent coming from another occupation, were their previous jobs helpful to a transition in real estate? Thirty-two percent of REALTORS® had a previous career in management, business, finance or sales/retail. To me, those industries’ skills are reasonably applicable to real estate.

Conjointly, education at all levels is a valuable asset for an occupation. Thirty percent of REALTORS® have had some college education, 13 percent have their Associate’s Degree. A third of real estate agents have Bachelor Degrees, while 13 percent have a graduate degree. Nonetheless, investment in your occupation is just as noteworthy as investment in your education. Seventy-two percent of REALTORS® said that real estate was their only occupation— showing that agents heavily invest their time into the industry. In fact, a considerable majority of 52 percent work 40 or more hours per week.  On top of working in real estate, two-thirds of NAR members volunteer in their communities! Already, REALTORS® play a big role in community building and it is admirable that NAR members are contributing outside of their occupation.

 

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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 building 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

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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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