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Archive for 'Selling'
April 2010 Benicia & Vallejo Home Sales
May 18th, 2010 categories: Benicia, Buying, Market Update, Selling, Vallejo
Curious what that Benicia home down the street sold for last month? Wonder how much your Vallejo neighbor sold his home sold for? Or how long it took a certain Vallejo or Benicia home to sell?
Just download our April Benicia and Vallejo Home Sale Reports for those answers and more. Some highlights from April’s Benicia & Vallejo Home Sale Reports appears below. Read the rest of this entry »
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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 Read the rest of this entry »
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Inventory Of Available Homes Still Way Up For The Year Throughout Solano County
April 19th, 2010 categories: Benicia, Buying, Fairfield-Gr Valley, Market Update, Selling, Solano, Suisun City, Vacaville, Vallejo
You’d never believe it if you talked to most buyers, but the inventory of homes for sale throughout Solano County is still up dramatically for the year.
Every city in our Solano market area has at least 20% more homes on the market today than it did at the beginning of January.
The leader is Vallejo, with a whopping 55% increase in 3-1/2 months. There are 374 homes on the market there right now, compared to 242 on Jan. 4.
The other four cities’ year-to-date increases, in descending order: Vacaville +37%, Fairfield +26%, Suisun + 24%, Benicia +20%.
Now, if you’re a buyer who’s been involved in countless multiple-offer negotiations, Read the rest of this entry »
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Benicia-Vallejo Monthly Home Sale Report: Details On Every Closed Sale For Mar. 2010
April 16th, 2010 categories: Benicia, Buying, Market Update, Selling, Vallejo
Want to know how much your neighbor’s home sold for or how long a certain home took to sell. It’s all here in the March Benicia and Vallejo Home Sale Reports.
Both reports show the address, sales price, days on market, net price change from start to finish and whether the home was a regular sale, short sale or REO (foreclosure).
You can download both reports by clicking on the links below. I publish this and other local Solano County home sales reports monthly, so be sure to visit HomeSection.com regularly.
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Quarterly Stats Paint Uncertain Picture For Solano’s Real Estate Market
April 14th, 2010 categories: Benicia, Buying, Fairfield-Gr Valley, Market Update, Selling, Solano, Suisun City, Vacaville, Vallejo
I just downloaded and analyzed the 1st quarter housing numbers for Solano County and to be honest, it’s hard to tell exactly where we’re headed.
In fact, it’s hard to even figure out exactly where we’ve been. Or what these first quarter numbers really tell us.
Year-Over-Year (1st Qtr 2010 vs. Q1 2009)
If you look at the first quarter of 2010 compared to the same period a year ago, you’ll see that in the county’s most affordable cities (Vallejo, Fairfield & Suisun), prices are definitely higher today than they were for Q1 of 2009. But in the county’s most stable markets (Benicia and Vacaville) they dropped.
Countywide, prices were up 8%, from $185,703 last year to $200,000 in 2010. Here’s the rundown for the five cities in our Solano market area: Read the rest of this entry »
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March Home Sales Activity Soars Throughout Solano County
April 13th, 2010 categories: Benicia, Buying, Fairfield-Gr Valley, Market Update, Selling, Solano, Suisun City, Vacaville, Vallejo
Meanwhile, Prices Drop In Benicia & Vallejo But Climb In The North County
After a February in which home sales activity in Solano County dropped noticeably, it roared back with a gusto in March, perhaps in part due to the upcoming end of the federal tax credit program.
Solano Up 44% Over Last Month
All five cities in our Solano market area showed robust gains in the number of closed sales last month. Countywide, the number of home sales in Solano was up 44% over February.
Vallejo led the way with an incredible 71% increase, followed by Read the rest of this entry »
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Tax Relief For Distressed Solano County Sellers Finally Goes Into Law
April 13th, 2010 categories: Foreclosures / Short Sales, Selling, The Economy
Not only did the rain clouds disappear yesterday, but so too did the dark black clouds that had been hanging over many penniless 
distress-sale sellers from last year, who were about to incur huge state income tax bills.
But just about the same time the skies parted over Solano County yesterday afternoon, a new tax relief law went into effect, which will save distressed sellers who sold their homes in 2009 thousands of dollars.
The Long Wait Is Over
Prior to the passage of SB 401, most California sellers who received debt relief through a short sale, foreclosure or loan modification would have been required to report the forgiven debt as ordinary income and pay taxes on it.
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6 Big Real Estate Changes For Benicia-Vallejo Home Buyers & Sellers This Month
April 5th, 2010 categories: Buying, Foreclosures / Short Sales, Loans / Financing, Selling, The Economy
If you’re planning to buy or sell a home in Benicia, Vallejo or even anywhere else in Solano County, you may need a scorecard to keep track of all the changes that either already have occurred or will take place by the end of April.
I’ve been a real estate agent since 1995. And before that I worked in the title and new homes sectors of our business — dating all the way back to 1978. And in all the years I’ve been in the real estate business, I can’t remember another time when this many changes occurred in one single month.
So if you’ve got your scorecard ready, here’s a quick overview of some of the changes that are taking place in April: Read the rest of this entry »
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Pending Sales May Be Up 8% Nationally, But That’s Not The Case Here in Solano County
April 5th, 2010 categories: Benicia, Buying, Market Update, Selling, Solano, Vallejo
There were all sorts of stories on the internet today from real estate bloggers bubbling over the National Assn. of Realtor’s report earlier in the day that the Pending Home Sales Index for February was up more than 8% from January and 17% above where it was a year ago.
In touting the huge increase, NAR suggested that the one-month jump “may signal the early stages of a second surge of home sales this spring.”
So it was no surprise when many of my real estate colleagues all over the country jumped on that press release and quickly spun their own idyllic stories about how the real estate market was ready to take off again.
Still, as someone who tracks the housing numbers here in Benicia, Vallejo and the rest of Solano County on a regular basis, I had to scratch my head.
For just a few weeks ago, here on this very site, Read the rest of this entry »
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So Far This Year, Housing Supply Is WAY UP In Vallejo, Fairfield & Vacaville
April 1st, 2010 categories: Benicia, Fairfield-Gr Valley, Market Update, Selling, Solano, Suisun City, Vacaville, Vallejo
Last year, I started tracking the housing inventory and sales activity in Solano County on a weekly basis and if you followed this blog in 2009, you know that for the year, the inventory was way down for every city in the county.
This year, though, has been a completely different story so far — especially in Vallejo, Fairfield and Vacaville, where the supply of available homes (active listings on the MLS) has soared by up to 55% from where it was at the beginning of the year.
Look at the year-to-date percentage increases for each city in our Solano County market area:
- Vallejo – Up 55%
- Vacaville – Up 31%
- Fairfield/Green Valley – Up 26%
- Benicia – Up 9%
- Suisun City – Up 5%
A Huge Jump, But Remember From Whence We Came
That’s a pretty huge increase in just three short months. To put things in perspective, though, you have to remember Read the rest of this entry »
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