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April Solano Home Sales Report: Prices Holding Steady And Up County-Wide Over Last Year
May 11th, 2010 categories: Benicia, Buying, Fairfield-Gr Valley, Market Update, Selling, Solano, Suisun City, Vacaville, Vallejo
April’s home sales numbers are in for Solano County and on a county-wide basis, the median price last month was $200,000 — exactly the same as it was in March.
Vacaville, Vallejo and Suisun all reported median prices that were almost the same as the previous month, while Benicia’s median was way up and Fairfield’s was noticeably down.
The huge jump in Benicia’s median price is probably more a correction of last month’s equally huge drop than an indication that prices are suddenly going through the roof in Benicia.
Keep in mind, too, that Benicia’s relatively small sample size means that a few random sales at either end of the price spectrum can easily skew the numbers.
Meanwhile, the number of sales in Solano was down 10% county-wide, but up in Benicia and Fairfield.
At first glance, the big story seems to be Vallejo’s 28% drop in sales last month — from 198 in March to 143 in April. But before jumping to any conclusions, you have to look back a few months. For April’s total is still the second strongest month of 2010 and close to November’s and December’s totals.
Compared to last April, prices in Solano County are up 14%, led by Vallejo (up 28%) and Suisun (+15%). The number of sales, meanwhile, was down 17% county-wide, mainly due, I suspect, to the smaller inventory of homes on the market this April compared to last April.
You can see all of April’s Solano home sale statistics in detail by downloading April’s Solano County Home Sales Report. Archived copies of previous reports are also available by following the links near the bottom of this post.
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SOLANO & LOCAL MARKET UPDATES
- Benicia & Vallejo Home Sales Repor t — Apr. ‘10
- Benicia & Vallejo Home Sales Report — Mar. ‘10
- Monthly Solano Real Estate Report — Mar. ‘10
- 1st Qtr 2010 Solano County Home Sale Statistics
- Housing Inventory Way Up In Most of Solano County
- Monthly Solano Real Estate Report — Feb. ‘10
- Benicia & Vallejo Home Sales Report — Feb. ‘10
- Monthly Solano Real Estate Report — Jan. ‘10
- Benicia & Vallejo Home Sales Report — Jan . ‘10
- 4th Qtr Solano County Home Sale Statistics
- Solano/Benicia-Vallejo Home Sale Report Archives
- See All Archived Market Updates
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