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Archive for 'Solano'
Weekly Solano Home Inventory & Sales Report For The Week Ending Mar. 23, 2009
March 23rd, 2009 categories: Benicia, Buying, Fairfield-Gr Valley, Market Update, Selling, Solano, Suisun City, Vacaville, Vallejo
The weekly numbers are in and over the past seven days, every city in our Solano County market area except Suisun saw a drop in its supply of available homes while every city except Benicia saw continued strong buyer demand.
Some highlights:
- Vallejo and Fairfield together combined for more than 100 pending sales last week.
- Vallejo and Fairfield also had over 60 combined closed sales this past week.
- Vallejo’s supply of available homes dropped below 700 for the first time this year. On Jan. 5, there were 878 homes for sale; today there are 680.
- Benicia has three fewer homes for sale than a week ago, giving it the same total (106) as it had at the beginning of the year.
- Suisun City’s listing inventory is up by a few homes and Vacaville’s is down by a single listing.
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Weekly Solano Home Inventory & Sales Report For The Week Ending Mar. 16, 2009
March 16th, 2009 categories: Benicia, Buying, Fairfield-Gr Valley, Market Update, Selling, Solano, Suisun City, Vacaville, Vallejo
If you’ve been following the number of homes on the market as well as the number of sold and newly pending sales here on HomeSection.com each week, this week’s report may sound like a broken record, for it’s very similar to what you’ve been reading for the past 10 weeks.
That’s because the cities in Solano County with the highest number of distress-sale properties continue see strong sales and decreased inventory, in stark contrast to higher-priced Benicia.
Fairfield, Vallejo and Suisun City all posted double-digit decreases in their listing supply this past week, while Benicia’s inventory stayed largely the same.
Meanwhile, Vacaville, which has seen its inventory decrease by more than 16% since the first of the year, was up slightly for the second straight week.
Some more highlights from this past week: Read the rest of this entry »
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Fairfield Had The Greatest Q4 Home Sales’ Increase In Entire U.S., Says Business Week
March 10th, 2009 categories: Buying, Fairfield-Gr Valley, Market Update, Solano, Suisun City, The Economy, Vacaville, Vallejo
It’s not often that Solano County makes national news. But in a recent article entitled “Signs Of Life From The Real Estate Market,” Business Week magazine, named Fairfield as the city with the largest increase in home sales in the fourth quarter of 2008 in the entire U.S.
That’s pretty heady stuff; not just being singled out by a nationally recognized magazine of Business Week’s stature, but also taking honors as the number one city in the entire country. Read the rest of this entry »
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Weekly Solano Home Inventory & Sales Report For The Week Ending Mar. 9, 2009
March 10th, 2009 categories: Benicia, Buying, Fairfield-Gr Valley, Market Update, Selling, Solano, Suisun City, Vacaville, Vallejo
Home sales throughout the lowest priced cities in Solano County continued at a brisk pace, which also resulted in yet another decline in the supply of listings this past week– a trend that has been in effect since the beginning of the year.
The inventory in Benicia and Vacaville was up marginally this past week (Benicia +4 and Vacaville +2), but the other three cities in our market area — Vallejo, Suisun City and Fairfield-Green Valley all saw their inventory shrink some more.
Since the beginning of the year Fairfield and Vallejo have seen their supply of active listings drop by about 15o homes apiece. Last week alone, there were 80 new pending sales in Vallejo and 39 in Fairfield. Read the rest of this entry »
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February Homes Sales Up Dramatically Everywhere In Solano County Except Benicia
March 6th, 2009 categories: Benicia, Buying, Fairfield-Gr Valley, Market Update, Selling, Solano, Suisun City, Vacaville, Vallejo
If you were looking for a home under $200,000 last month, chances are you had plenty of competition, as buyers have descended on homes in that price range in droves. And February’s home sale numbers confirm that.
Aside from Benicia, where home sales were actually down marginally over a year ago, the rest of Solano County saw sales that, on average, were two and a half times what they were a year ago.
Of course prices throughout the county are substantially lower than they were last February, which explains why so many opportunistic investors (many paying cash) and first-time buyers have flocked to places like Vallejo, Fairfield, Suisun City and Vacaville. Read the rest of this entry »
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Weekly Solano Home Inventory & Sales Report For The Week Ending Mar. 2, 2009
March 2nd, 2009 categories: Benicia, Buying, Fairfield-Gr Valley, Market Update, Selling, Solano, Suisun City, Vacaville
Starting This Week, One Combined Report Covering Actives, Pendings & Solds
Every city in our Solano County market area saw its supply of available homes decline in the past week, led by a whopping 7.8% drop in Fairfield/Green Valley.
Since the beginning of the year, Vallejo, Fairfield, Vacaville and Suisun City have all had double-digit declines in its housing inventory, as eager investors and opportunistic buyers continue to flock to the ever-dwindling supply of bargain-priced foreclosures and short sales in those four communities.
As has been the case since the first of the year, Benicia is the only community in Solano where the inventory has remained fairly constant. In fact, there are exactly the same number of homes on the market today (106) as there was back on January 5th, that after a modest 1.9% inventory decline from a week ago. Read the rest of this entry »
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It’s Official: FHA Loan Limits Go Up In Solano And Contra Costa Counties
February 26th, 2009 categories: Benicia, Buying, Contra Costa, Fairfield-Gr Valley, Loans / Financing, Solano, Suisun City, Vacaville, Vallejo
The Dept. of Housing & Urban Development yesterday made official what had been expected after President Obama signed the economic stimulus bill last week: FHA loan limits will return to their 2008 levels.
That means FHA borrowers in Benicia, Vallejo and the rest of Solano County will now be able to take out a $$557,500 loan, instead of the reduced $400,200 ceiling that went into effect Jan. 1.
In neighboring Contra Costa County, meanwhile, the FHA loan limits are again $729,750, up from the previous ceiling of $625,500.
Find The New FHA Loan Limits For The Rest Of The U.S.
RELATED READING
New Loan Limits Coming To Solano & Contra Costa Counties
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Which Cities Lead Solano & Contra Costa In Distress-Sale Home Listings?
February 24th, 2009 categories: Benicia, Buying, Contra Costa, Fairfield-Gr Valley, Foreclosures / Short Sales, Market Update, Selling, Solano, Suisun City, Vacaville, Vallejo
Pittsburg, Antioch, Vallejo, Suisun City and Oakley are once again the distressed property “leaders” in our Solano/Central-East Contra Costa market area, with more than 8 out of every 10 homes for sale in each of those communities either bank-owned (REO) or a short sale.
Those same five cities were at the top of the list back in early January, when I last prepared this report.
Pittsburg again leads the way, with a staggering 93% of its 409 listings either bank-owned (191) or short sales (also 191). A mere 27 listings are being sold by traditional sellers with enough equity to avoid selling at a loss. Read the rest of this entry »
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Solano County’s Weekly Home Activity Reports For The Week Ending Feb. 23, 2009
February 23rd, 2009 categories: Benicia, Buying, Fairfield-Gr Valley, Market Update, Solano, Suisun City, Vacaville, Vallejo
As has been the case for most of the past six or seven weeks, all of the cities in our Solano County market area except Benicia have fewer active listings today than they did a week ago.
For the first time this year, Vallejo is under the 800 mark, with 796 active listings, thanks to a 25-home decrease from a week ago. In the last two weeks alone, Vallejo’s inventory has dropped by more than 5 percent.
Some of the recent decrease, no doubt, has been due to the moratorium on foreclosures, first by Fannie Mae and Freddie Mac and most recently by major banks like Bank of America, CitiBank, and Chase, all of whom agreed to halt foreclosures until early March in order to give Read the rest of this entry »
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Solano County Housing Activity Report For The Week Ending Feb. 16, 2009
February 17th, 2009 categories: Benicia, Buying, Fairfield-Gr Valley, Market Update, Selling, Solano, Suisun City, Vacaville, Vallejo
Our New Weekly Pending-And-Sold Report Debuts This Week…See Below
It was an up-and-down week for Solano County’s real estate listing supply, as Vallejo, Vacaville and Suisun City all saw declines in their housing inventory while the other two cities in our Solano market area either stayed the same or saw a supply uptick.
Here’s a quick recap of this week’s numbers. To see full details, including the number of single family homes, condos/townhomes and week-by-week trends since the beginning of the year, Click Here or on the graphic. Read the rest of this entry »
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