MarketReport Market Report for Solano County January 2023 Copyright by KW Advisors 2023
What’syourhome reallyworthin today’smarket?
That's really the question you should be asking yourself
Our market is incredibly diverse, and it's changing 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
So, do you know what your home is worth in today's market?
Contact me for a confidential, no obligation assessment of your home's value.
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WhatAreYourGoals intheHousingMarket ThisYear?
If buying or selling a home is one of your New Year’s resolutions, it’s essential for you to understand today’s housing market, define your goals, and work with industry experts to bring your homeownership vision for the new year into focus.
Solano
What's in the Solano data?
Solano's single-family housing market remained the same to a $580k median sold price. There were 300 units sold and 153 new listings. The condo & townhome market inclined month-over-month with 15 new listings, and 21 sales totaling approximately $360k. Buyers have remained aggressive with their offer prices remaining at around 100%. Due to only 6% of home purchases being completed, the market has seen a decrease in supply. Combine these factors with the surging demand, and the cost of buying continues being pushed up. This is creating an imbalance between pricing range and active options in the marketplace.
153 New Listings 1.3 Months of Inventory $580K Median Sale Price 99.4% Median Sale vs List 58 Avg Days on Market 300 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 December 2021 to December 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 2023. Each Office is independently owned and operated.
15 New Listings 1.2 Months of Inventory $360K Median Sale Price 98.5% Median Sale vs List 58 Avg Days on Market 21 Sold Listings CONDO Condo & Townhomes
2022November2022December2022 2022November2022December2022 GS y y
Single Family Homes
The median sales price has remained the same at $580k from last December 2021 to December 2022
Condos & Townhomes
The median sales price has slightly increased from $360k in December 2021 to $360 9k by December 2022
AVGDays OntheMarket
Single Family Homes
The average time spent on market increased from 35 days last year to 58 days this year
Condos & Townhomes
The average time spent on market significantly increased from 34 days last year's December , to 58 days this year
Overbids
Single Family Homes
The overbid percentage has decreased from 100.2% last year to 99.4% this year's December .
Condos & Townhomes
The overbid percentage has decreased from 102 4% last year to 98 5% this year's December .
December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022 $750,000
$0 December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022 60 40 20 0 December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022 125% 100% 75% 50% 25% 0%
SalesPrice
$500,000 $250,000
Median
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