MarketReport Market report for Solano County for September 2022 Copyright by KW Advisors 2022
Contact me for a confidential, no obligation, assessment of your home's value.
So, do you know what your home is worth in today's market?
That's really the question you should be asking Ouryourself.market
is incredibly diverse and changes rapidly. Values vary not just by neighborhood, but by street. Your home isn't necessarily worth what your neighbors is. At the end of the day, the current market sets the value of your home.
What’syourhome reallyworthin today’smarket?
Icanhelp...
Solano
In Solano, the median sold price for single-family homes in August slightly decreased month-over-month to $600 thousand. The number of homes sold decreased to 176 and the number of new listings also decreased to 456. The number of condo and townhome sales decreased monthover-month to $380 thousand with 18 units sold and 35 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 months’ supply of homes. When factoring in the number of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
What's in the Solano data?
456 New Listings 3.1 Months of Inventory $600K Median Sale Price 98.2% Median Sale vs List 35 Avg Days on Market 176 Sold Listings SFH Single Family Homes
The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from August 2021 to August 2022. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285 DRE# 01995149 | DRE# 01906450 Copyright KW Advisors 2022. Each Office is independently owned and operated.
35 New Listings 2.4 Months of Inventory $380K Median Sale Price 99.10% Median Sale vs List 35 Avg Days on Market 18 Sold Listings CONDO Condo & Townhomes
August2022September2022October2022November2022December2022January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 1500 1,000 500 0 August2022September2022October2022November2022December2022January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 125 100 75 50 25 0 Solano AUGUST 2021 - AUGUST 2022 LISTINGS FOR SALE VS SOLD LISTINGS Single Family Homes
Condos & Townhomes
Last 12 months, year over year
Last 12 months, year over year.
Single Family Homes
AVGDays OntheMarket
The overbid percentage has decreased from 102.8% last year to 98.2% this year's August.
The median sales price has slightly decreased from $405k in August 2021 to $380k by August 2022.
Condos & Townhomes
Condos & Townhomes
Single Family Homes
The overbid percentage has slightly decreased from 102 7% last year to 99 10% this year's August
August2022September2022October2022November2022December2022January2022February2022March2022April2022May2022June2022July2022August2022 $750,000 $500,000 $250,000 $0 August2022September2022October2022November2022December2022January2022February2022March2022April2022May2022June2022July2022August2022 40 30 20 10 0 August2022September2022October2022November2022December2022January2022February2022March2022April2022May2022June2022 July2022August2022 125% 100% 75% 50% 25% 0% Median SalesPrice
Overbids
Condos & Townhomes
The median sales price has gone up from $575k last August 2021, to $600k by August 2022
The average days on market slightly increased from 25 days last year to 35 days this year
The average days on market significantly increased from 18 days last year's August, to 35 days this year
Single Family Homes
1624 California Street, San Francisco CA 94109 2207 Lombard Street, San Francisco, CA 94123 SanFrancisco 1430 Howard Avenue, Burlingame, CA 94010 16 E 3rd Avenue, San Mateo, CA 94401 PeninsulaEstates 505 Hamilton Ave Suite #100, Palo Alto, CA 94301 PaloAlto 951 California Boulevard, Napa, CA 94559 NapaValley :
