HomeSection.comHomes By Herman

Gaudy Solano County Home Sales Figures For March: More Proof We’ve Reached The Bottom?

April 26th, 2009 categories: Benicia, Buying, Fairfield-Gr Valley, Market Update, Selling, Solano, Suisun City, The Economy, Vacaville, Vallejo

solano-housing-report-march-09March’s home sales numbers were again ‘off the charts’ throughout Solano County when compared to last March and they’re also stronger than Feburary’s totals, which, in turn, were stronger than January’s numbers.

All of this adds credence to the notion that the market may have already hit bottom in the lowest price ranges, as opportunistic investors and eager first-time buyers continue to descend on the market in record numbers.

Some of this month’s highlights:

  • Of Solano County’s 615 home sales in March, 543 were distress sales (foreclosures or short sales).
  • The lowest price in the county was a $23,000 home in Vallejo. The highest was a $869,000 home in Fairfield.
  • County-wide, the median priced home sold for $177,000. Vallejo had the lowest median sales price at $125,000 while Benicia had the highest ($356,500).
  • Vallejo had the almost as many sales last month (215) as the entire county had last March (273). Of Vallejo’s 215 sales, 201 were distress sales.
  • Vallejo also had 249 pending sales last month — the highest total in Solano County.
  • Right behind Vallejo was Fairfield-Green Valley (175 sales, 160 pending sales) and Vacaville (102 & 90).
  • Each city in our Solano market area had more sales in March than in February. Benicia, Fairfield and and Suisun City led the way — all three had at least 150% more sales than the previous month.
  • County-wide, there were 615 March sales, compared to 457 in February and 429 in January.
  • Compared to last March, sales were up 225% throughout Solano, led by Suisun (335%) and Vallejo (325%). As expected, these totals eclipse by a long shot the stellar numbers that Business Week magazine reported last month when it ranked Fairfield as #1 in sales gains nation-wide.

You can read the detailed March ‘09 reports by clicking on the graphic above or the links below and see city-by-city totals comparing March 2009 to March 2008.

There’s also a report that shows the lowest/highest/median prices and total overall sales/distress sales/pending sales for each city in the county. And, a report that compares total sales for each city month-by-month for 2009.

I prepare these customized detailed Solano home sales statistics every month, along with quarterly sales statistics four times a year. So be sure to check back next month to see whether the strong sales streak continued in April.

Throughout the month, I regularly post a number of articles and reports that are designed to keep you updated on the local market. If you’d like to receive these updates automatically, either via email or your Feed Reader, click here.

COMING THIS WEEK — UPDATED DISTRESS SALE LISTING REPORT. Since last fall, the percentage of distress-sales among active listings has remained fairly constant. This report is updated about every six weeks. Look for the new report and find out whether things have changed.

Related Articles

Want To Receive This Type Of  News Automatically By E-Mail. Subscribe Here.

Search The MLS — Click Here to search the MLS for either Solano or Contra Costa Counties.

Want to have new MLS activity arrive by E-Mail Automatically? Click Here to set up a customized search.

listings-by-mls-button news-by-email-button search-the-mls-button

This entry was posted on Sunday, April 26th, 2009 at 10:22 am and is filed under Benicia, Buying, Fairfield-Gr Valley, Market Update, Selling, Solano, Suisun City, The Economy, Vacaville, Vallejo. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply