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1st Quarter Housing Stats For Solano County: Sales Up, Prices Down
April 19th, 2009 categories: Benicia, Buying, Fairfield-Gr Valley, Market Update, Selling, Solano, Suisun City, Vacaville, Vallejo
Sales figures in Solano County were either way up or way down, in the first quarter of 2009, depending on whether you’re looking at the number of sales or sales prices.
Sales were up 261% county-wide compared to the first quarter of 2008. Vallejo led the way, with almost four times as many sales this year as a year ago, followed by Suisun City (up 311%), Fairfield-Green Valley (+245%), Vacaville (+190%) and Benicia (+126%).
From January through March, Vallejo had 606 closed sales. A year ago, there were 161 over that same period. Put another way, Vallejo had almost as many sales in the first quarter of this year as occurred throughout the entire county (619) during the first quarter of ‘08.
While sales activity was up dramatically over a year ago, prices were another story. The median sales price county-wide plummeted 43% from a year earlier, dropping from $328,400 in Q1 of 2008 to $185,703 in 2009.
Every city lost value, but the leader was again Vallejo, where home values dropped a staggering 53% in one year — from $289,000 in ‘08 to $135,000 in ‘09.
Benicia and Vacaville were the only communities in the county where property values dropped by less than 30%. Benicia had the smallest decline at 28%, with values falling from $505,000 in ‘08 to $365,000 this year. Vacaville saw a 29% drop, with a median price of $349,950 in the first quarter of 2008 and $250,000 today.
To see the complete report, including the number of distress sales for each city in Solano County during the first quarter of ‘09, click here.
Related Articles
- Benicia Home Sales Report — March 2009
- Vallejo Home Sales Report — March 2009
- March 2009 Solano County Home Sales Report
- Fairfield Claims Top Sales Honors For Entire U.S., According To Business Week
- Looking At An Old Report? CLICK HERE TO View The Most Recent Weekly Market Update
- February Home Sales Report
- Vallejo Home Sales — Feb. 2009
- Benicia Home Sales — Feb. 2009
- Solano Home Sales Recap — Jan. 2009
- Vallejo Home Sales — Jan. 2009
- Benicia Home Sales — Jan. 2009
- Distressed Sale Listing Report as of Feb. 24, 2009
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