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Archive for March, 2009
This Week’s Solano Home Inventory & Sales Report: For The Week Ending Mar. 30, 2009
March 31st, 2009 categories: Benicia, Buying, Fairfield-Gr Valley, Market Update, Selling, Solano, Suisun City, Vacaville, Vallejo
It was another strong week for real estate sales everywhere in Solano except Benicia, as has been the pattern for most every week since the first of the year.
Inventory plunged again in Vallejo, Fairfield, Suisun City and Vacaville. Those same four cities also posted strong pending sales numbers for the week, again mirroring what has happened so far this year.
Some of this week’s highlights: Read the rest of this entry »
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New Layoff Protection Plan Coming For First-Time Homebuyers
March 31st, 2009 categories: Buying
I don’t have much in the way of details just yet, but I just received an email advisory from our state association that we’ll soon (as in a matter of days) be
able to provide first-time homebuyers with a job-loss protection plan that could pay up to $1,500/mo. to qualified buyers who are laid off.
According to the information I received, to qualify you must:
- Be a first-time buyer (defined as someone who hasn’t owned a home in the past three years)
- Open escrow after April 1, 2009 and close before Dec. 31 of this year
- Use a California REALTOR® in the transaction
- Purchase the property in California
- Be a W-2 employee (cannot be self-employed or military personnel)
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Weekly Solano Home Inventory & Sales Report For The Week Ending Mar. 23, 2009
March 23rd, 2009 categories: Benicia, Buying, Fairfield-Gr Valley, Market Update, Selling, Solano, Suisun City, Vacaville, Vallejo
The weekly numbers are in and over the past seven days, every city in our Solano County market area except Suisun saw a drop in its supply of available homes while every city except Benicia saw continued strong buyer demand.
Some highlights:
- Vallejo and Fairfield together combined for more than 100 pending sales last week.
- Vallejo and Fairfield also had over 60 combined closed sales this past week.
- Vallejo’s supply of available homes dropped below 700 for the first time this year. On Jan. 5, there were 878 homes for sale; today there are 680.
- Benicia has three fewer homes for sale than a week ago, giving it the same total (106) as it had at the beginning of the year.
- Suisun City’s listing inventory is up by a few homes and Vacaville’s is down by a single listing.
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Weekly Solano Home Inventory & Sales Report For The Week Ending Mar. 16, 2009
March 16th, 2009 categories: Benicia, Buying, Fairfield-Gr Valley, Market Update, Selling, Solano, Suisun City, Vacaville, Vallejo
If you’ve been following the number of homes on the market as well as the number of sold and newly pending sales here on HomeSection.com each week, this week’s report may sound like a broken record, for it’s very similar to what you’ve been reading for the past 10 weeks.
That’s because the cities in Solano County with the highest number of distress-sale properties continue see strong sales and decreased inventory, in stark contrast to higher-priced Benicia.
Fairfield, Vallejo and Suisun City all posted double-digit decreases in their listing supply this past week, while Benicia’s inventory stayed largely the same.
Meanwhile, Vacaville, which has seen its inventory decrease by more than 16% since the first of the year, was up slightly for the second straight week.
Some more highlights from this past week: Read the rest of this entry »
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Save The Planet And Look Stylish All At The Same Time, Right Here In Benicia
March 12th, 2009 categories: Benicia, Local Stuff
New ‘Recyled Clothing’ Consignment Store Opens In Downtown Benicia
A stylish new women’s consignment clothing store opened in Benicia earlier this week, at the corner of First and H Streets.
re: store is the new boutique’s name and it’s more than just a catchy play on words. Read the rest of this entry »
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Fairfield Had The Greatest Q4 Home Sales’ Increase In Entire U.S., Says Business Week
March 10th, 2009 categories: Buying, Fairfield-Gr Valley, Market Update, Solano, Suisun City, The Economy, Vacaville, Vallejo
It’s not often that Solano County makes national news. But in a recent article entitled “Signs Of Life From The Real Estate Market,” Business Week magazine, named Fairfield as the city with the largest increase in home sales in the fourth quarter of 2008 in the entire U.S.
That’s pretty heady stuff; not just being singled out by a nationally recognized magazine of Business Week’s stature, but also taking honors as the number one city in the entire country. Read the rest of this entry »
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Weekly Solano Home Inventory & Sales Report For The Week Ending Mar. 9, 2009
March 10th, 2009 categories: Benicia, Buying, Fairfield-Gr Valley, Market Update, Selling, Solano, Suisun City, Vacaville, Vallejo
Home sales throughout the lowest priced cities in Solano County continued at a brisk pace, which also resulted in yet another decline in the supply of listings this past week– a trend that has been in effect since the beginning of the year.
The inventory in Benicia and Vacaville was up marginally this past week (Benicia +4 and Vacaville +2), but the other three cities in our market area — Vallejo, Suisun City and Fairfield-Green Valley all saw their inventory shrink some more.
Since the beginning of the year Fairfield and Vallejo have seen their supply of active listings drop by about 15o homes apiece. Last week alone, there were 80 new pending sales in Vallejo and 39 in Fairfield. Read the rest of this entry »
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More Signs That Spring Has Sprung In Benicia
March 10th, 2009 categories: Benicia
After almost a solid week of wet wintry weather, the hills are turning an emerald green, wildflowers and tulips are starting to bloom, and the goats are out in full force, munching down Southampton’s newly sprouted weeds and grasses. Yes, the first signs of Spring are popping out all over Benicia. 
Yesterday was a crystal-clear day in Benicia. So as I drove around town, I couldn’t help but snap my first ‘Green Hills’ photos of 2009. It was a day just made for photography. Read the rest of this entry »
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GOATS In Benicia?
March 8th, 2009 categories: Benicia, Local Stuff
It might not be quite as romantic as the fabled swallows annual return to San Juan Capistrano, but you know it’s Spring when the goats return to the hills of Benicia.
Goats, you say?
Yep. And not something you’d normally expect to see roaming the hills right in the middle of a large suburban housing development. Read the rest of this entry »
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February Homes Sales Up Dramatically Everywhere In Solano County Except Benicia
March 6th, 2009 categories: Benicia, Buying, Fairfield-Gr Valley, Market Update, Selling, Solano, Suisun City, Vacaville, Vallejo
If you were looking for a home under $200,000 last month, chances are you had plenty of competition, as buyers have descended on homes in that price range in droves. And February’s home sale numbers confirm that.
Aside from Benicia, where home sales were actually down marginally over a year ago, the rest of Solano County saw sales that, on average, were two and a half times what they were a year ago.
Of course prices throughout the county are substantially lower than they were last February, which explains why so many opportunistic investors (many paying cash) and first-time buyers have flocked to places like Vallejo, Fairfield, Suisun City and Vacaville. Read the rest of this entry »
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