Categories
- Buying
- Benicia
- Investors
- Vallejo
- Solano
- Contra Costa
- Selling
- Market Update
- Loans / Financing
- Foreclosures / Short Sales
- Local Stuff
- Fun Stuff
- Vacaville
- Fairfield-Gr Valley
- Suisun City
- The Economy
- Viewpoint
- New Listings
- Resources
Archive
- May 2010 (5)
- April 2010 (30)
- March 2010 (7)
- February 2010 (6)
- January 2010 (11)
- December 2009 (15)
- November 2009 (10)
- October 2009 (20)
- September 2009 (13)
- August 2009 (15)
- July 2009 (10)
- June 2009 (9)
- May 2009 (18)
- April 2009 (14)
- March 2009 (14)
- February 2009 (22)
- January 2009 (21)
- December 2008 (7)
- November 2008 (1)
- October 2008 (2)
- September 2008 (8)
Weekly Solano Real Estate Report For Dec. 15: Supply Up In 3 Cities Up, Down In 2 Others
December 16th, 2009 categories: Benicia, Buying, Fairfield-Gr Valley, Market Update, Selling, Solano, Suisun City, Vacaville, Vallejo
I just downloaded the weekly stats for Solano County’s home sale and listing activity reports, which you can download by clicking on the graphic to the right.
There were more homes on the market last week in Vallejo, Suisun City and Vacaville than the week before.
Meanwhile, the inventory was up in Benicia and Fairfield over that same period.
As we head towards the last few weeks of 2009, sales activity remains surprisingly strong for this time of the year.
Usually the number of buyers in the marketplace starts to tail after Thanksgiving arrives and then really falls off as you approach Christmas and New Years.
But this year, with low inventory throughout the county, buyers seem to be staying in the market with a fervor. Throughout the first two weeks of December, I’ve continued to show homes to prospective clients no noticeable drop-off.
The level of buying interest hasn’t really dropped off at all since summer and early fall, which is unusual for this time of year. But then, this year has been like no other I can remember.
And the numbers bear this out. Last week, for example, there were 91 new pending sales in the aforementioned Solano County cities. And 83 other homes closed escrow just last week alone in those same five cities.
A few other highlights from this week’s report. You can download the full report for week-by-week totals for each city and for more details):
- Vallejo, Suisun and Fairfield all have seen more than 70% of their housing supply disappear since the beginning of 2009.
- Vallejo and Fairfield combined for 56 closed sales last week. Those same two cities also combined to put 59 homes into escrow in the past week.
- Benicia’s inventory eclipsed the 90 mark for the first time in 12 weeks. Still, Benicia’s inventory is down almost 20% since early January.
- Fairfield has 22 more homes on the market today than it did a week ago.
- Vallejo, meanwhile, has 14 fewer homes for sale today than last week.
Our Solano County Real Estate Sales Report appears at HomeSection.com weekly — it’s usually posted on Monday or Tuesday.
To see the full report, with week-by-week details for every city in our Solano County market area, click here.
RECENT POSTS
- Fannie Gives Owner-Occupants First Choice
- Home Buyer Tax Credit Extended & Expanded…But Only ‘Til April
- REOs Can’t Tell You Who To Use Any More…Or Can They?
- The Tax Credit Clock Is Ticking For First-Time Buyers
- Will New FHA Appraisal Rules Mean More Headaches?
- Are Home Prices Finally Heading North?
- Are Short Sales Really Selling In Solano County?
- Are We In An Artificial Boom Market?
- Is Better To Pay Points Or Take A Higher Interest Rate?
MARKET UPDATES
- Monthly Solano Real Estate Report — Nov. ‘09
- Benicia & Vallejo Home Sales Report — Nov. ‘09
- 3rd Qtr Solano County Home Sale Statistics
- 2nd Qtr Solano County Home Sale Statistics
- Monthly Solano Real Estate Report — Oct. ‘09
- Monthly Solano Real Estate Report – Sept. ‘09
- Benicia & Vallejo Home Sales Report — Oct. ‘09
- Benicia & Vallejo Home Sales Report — Sept. ‘09
- See All Archived Market Updates
