Year over year statistical data for Solano County ending September, 2021
This report is generated after the 10th of each month once the previous months numbers have been posted. What we see here is a report generated for the Solano County Housing Market through September 2021. So we are always looking a month behind. Our statistics are derived from the Bay Area Real Estate Information Services (BAREIS) This is the Multiple Listing Service provider for all real estate brokerage in Solano County. If you have questions or wish to know a more specific account of your properties value and the timing of either selling or buying we are always happy to jump on a Zoom or meet with you at your property to evaluate and discuss a strategy. We can be reached via cell/text 707.365.8061 or email us at firstname.lastname@example.org
A shift on the horizon… Most of us agents are anticipating continued slowing in the market from the aggressive behavior we saw over the summer months. While this will give some relief and more opportunities to buy the market is still generating a very high demand. Interest rates remain extremely low and do not look as though the Federal Reserve will be making any big adjustments in the coming months. I think it is safe to assume a steady sellers market through the end of the year and a robust start to the new year. Our sold inventory dipped to 404 units a –21.2% decline year over year while our new listing inventory grew +10.9% to 357 homes.
The price of a home continues to rise even with a slow down in activity. When we talk about a slow down we are talking 3-5 offers vs. 10-20 offers on properties and homes still selling relatively fast. Our average price per square foot increased +22% to $349 per sq. ft. while our sold price dipped month over month to $602,000 which still represents a 22% appreciation year over year.
Day on market, the time it takes to sell a home has also declined to 29 days. Although it still holds true that if the home is priced right and with proper marketing most homes are selling within the first 10 days. This basically means there is inventory overpriced, in the higher price range taking much longer to get into contract and sell causing our Days on Market to drop a bit -21.6% year over year. The bottom line is THIS IS STILL THE BEST TIME EVER TO BUY AND SELL! Buyers have great strength with low interest rates and sellers have a tremendous amount of equity and this continues to grow.
With John Wilkerson and The RE/MAX Gold brand we make sure the experience is focused on you. We do things differently and are committed to providing a smooth client experience from listing to closing. Selling your home through John Wilkerson and The RE/MAX Gold brand gives you the knowledge, connections, effective marketing, and technology that you can’t find anywhere else.
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Vacaville, CA 95688
Selling a house on your own can be an overwhelming task. There's advertising to plan and budget for, open houses and private showings to arrange, purchase offers to negotiate, contract contingencies to worry about, and complicated paperwork to fill out.
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First, we'll perform a comparable market analysis to determine the most appropriate price for your home. Then we'll provide home staging advice and suggest landscaping changes that will help draw buyers in.
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John is a fantastic agent. He possesses a strong knowledge of the process and the local market which really helped. He worked extremely quick and was highly responsive. He also collaborated regularly with our lender so that the entire process was seamless and easy for me and my family. Great job, John, and thank you!