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Archive for March, 2009

What Your Neighbor’s Home Sold For Part II: BENICIA Home Sales Report For February

March 6th, 2009 categories: Benicia, Buying, Market Update, Selling, Vallejo

benicia-home-sales-feb-2009-croppedYesterday, I posted a list of every home that sold in Vallejo last month (200 in all). Today, it’s Benicia’s turn.

Click on the adjacent graphic to see the complete report, which lists every home that closed escrow in Benicia last month.

Compared to the five-page Vallejo list that I published yesterday, the Benicia report is pretty thin. In fact, there was one fewer home sale in Benicia this February than in February ‘08. Read the rest of this entry »

Written by Rod Herman | Discussion: 1 Comment »

Wonder What Your Neighbor’s Home Sold For? VALLEJO Home Sales Report For February

March 5th, 2009 categories: Buying, Market Update, Selling, Vallejo

vallejo-home-sales-feb-2009-croppedThe sign in the yard is finally gone and the new buyers have moved in. But you’re still dying to find out the sales price.

Curious what that home down the block sold for? Well wonder no more. Just click on the graphic to see the full list of every home sold in February in Vallejo.

You can see the selling price, days on market and even how much the selling price differed from the home’s original asking price.

Among this month’s highlights: Read the rest of this entry »

Written by Rod Herman | Discussion: 1 Comment »

Weekly Solano Home Inventory & Sales Report For The Week Ending Mar. 2, 2009

March 2nd, 2009 categories: Benicia, Buying, Fairfield-Gr Valley, Market Update, Selling, Solano, Suisun City, Vacaville

weekly-click-here-graphic-combined-report

Starting This Week, One Combined Report Covering Actives, Pendings & Solds

Every city in our Solano County market area saw its supply of available homes decline in the past week, led by a whopping 7.8% drop in Fairfield/Green Valley.

Since the beginning of the year, Vallejo, Fairfield, Vacaville and Suisun City have all had double-digit declines in its housing inventory, as eager investors and opportunistic buyers continue to flock to the ever-dwindling supply of bargain-priced foreclosures and short sales in those four communities.

As has been the case since the first of the year, Benicia is the only community in Solano where the inventory has remained fairly constant. In fact, there are exactly the same number of homes on the market today (106) as there was back on January 5th, that after a modest 1.9% inventory decline from a week ago. Read the rest of this entry »

Written by Rod Herman | Discussion: No Comments »

New State Law Delays Foreclosures An Extra 90 Days…Well, Kinda-Sorta

March 2nd, 2009 categories: Foreclosures / Short Sales, The Economy

If you read details of California’s recently approved state budget, you probably saw mention of a 90-day moratorium on foreclosures that was attached to the approved budget.pull-quote1

Already, though, there’s been a lot of confusion and uncertainty about what the new state Foreclosure Prevention Act really does and doesn’t do. It’s being hailed as everything from the state’s foreclosure prevention end-all to nothing more than nine pages of meaningless, toothless legalese.

In its simplest terms, the budget amendment, authored by Senator Ellen Corbett (D-San Leandro) essentially extends the foreclosure sale date an extra 90 days to allow borrowers additional time to hopefully work out an alternative with their lenders. Read the rest of this entry »

Written by Rod Herman | Discussion: 1 Comment »

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