Solano Market Report June 2022

June 2022

Solano County

Market Report

What's your home actually worth

IN TODAY'S MARKET That really is the question to ask yourself.

Our 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 your homes's value.

So, do you know what your home is worth in today's market?

I can help

Contact me for a confidential, no obligation, assessment of your home's value.

June 2022

How Homeownership Impacts You June is National Homeownership Month, and it’s the perfect time to reflect on how impactful owning a home can truly be. When you purchase a house, it becomes more than just the space you occupy. It’s your stake in the community, an investment, and a place you can put your stamp on.

If you’re thinking about buying a home this year, here are some of the benefits you’ll experience when you do. Read more here.

Solano

What's in the Solano data?

Solano’s median sold price for single-family homes slightly increased month-to-month to $619,500. The number of homes sold was 336 while the number of new listings increased to 688. The number of condo & townhouses sales is at $361,500 with 53 new listings and 26 homes sold. As temperatures are rising, the market is showing signs of cooling. Year over year inflation has gone down from 6.6% to 6.3% which was also lower that what the Personal Consumption Expenditures (PCE) report estimated for this month.

688 New Listings

336 Sold Listings

0.9 Months of Inventory

$619.5K Median Sale Price

102.8% Median Sale vs List

18 Avg Days on Market

SINGLE FAMILY HOMES

This data is sourced from BrokerMetrics for the period 05/2021 thru 05/2022. Data may include preliminary data and may vary from the time this data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams San Francisco.

415.483.9285 DRE# 01995149 | DRE# 01906450 Copyright Keller Williams San Francisco | Peninsula Estates 2022. Each Office is independently owned and operated.

53 New Listings

26 Sold Listings

1.0 Months of Inventory

$361.5K Median Sale Price

101.8% Median Sale vs List

Solano at a glance

14 CONDOS & TOWNHOMES

Avg Days on Market

20 21

20 21

20 21

CONDOS

Last 12 months, year-over-year M ay 20 22

20 21

20 21

20 21

M ay

20 22

Ap ril 20 22

Au gu st 20 21 Se pt em be r2 02 1 O ct ob er 20 21 N ov em be r2 02 1 De ce m be r2 02 1 Ja nu ar y 20 22 Fe br ua ry 20 22 M ar ch 20 22

Ju ly

Ju ne

M ay

SALE VS

Ap ril 20 22

Au gu st 20 21 Se pt em be r2 02 1 O ct ob er 20 21 N ov em be r2 02 1 De ce m be r2 02 1 Ja nu ar y 20 22 Fe br ua ry 20 22 M ar ch 20 22

Ju ly

Ju ne

M ay

LISTINGS FOR SOLD LISTINGS

SOLANO MAY 2021 - MAY 2022

1,250

1,000

750

500

250

0

SINGLE FAMILY HOMES

Last 12 months, year-over-year

100

75

50

25

0

SOLANO COUNTY JUNE 2022

$750,000

The median sales price has gone up from $575k last May 2021, to $619.5k by May 2022.

$500,000

$250,000

Condos & Townhomes

20 21 Au gu st Se 20 pt 21 em be r2 02 O 1 ct ob er 20 N ov 21 em be r2 De 02 ce 1 m be r2 02 Ja 1 nu ar y 20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 22 M ay 20 22

The median sales price has slightly increased from $360k of May 2021 to $361.5k by May 2022.

Ju ne

Ju ly

20 21

20 21

$0

M ay

MEDIAN SALES PRICE

Single Family Homes

50

Single Family Homes The average days on market decreased from 25 days last year to 18 days by May this year.

30

20

Condos & Townhomes The average days on market last May 2021 is 14 days down to 14 days the following year.

10

Au gu st 20 Se 21 pt em be r2 02 O 1 ct ob er 20 N ov 21 em be r2 De 02 ce 1 m be r2 02 1 Ja nu ar y 20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 22 M ay 20 22

20 21

Ju ly

Ju ne

20 21

20 21

0

M ay

AVG DAYS ON MARKET

40

125%

Single Family Homes 100%

The overbid percentage has slightly decreased from 105.1% last year tp 102.8% this year's May.

75%

Condos & Townhomes

25%

Au gu st 20 Se 21 pt em be r2 02 O 1 ct ob er 20 N ov 21 em be r2 De 02 ce 1 m be r2 02 1 Ja nu ar y 20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 22 M ay 20 22

20 21

Ju ly

20 21

Ju ne

20 21

0%

M ay

OVERBIDS

50%

The overbid percentage has slightly decreased from 103.5% last year tp 101.8% this year's May.

Keller Williams Napa Valley 951 California Boulevard, Napa, CA 94559

Keller Williams San Francisco 1624 California Street, San Francisco CA 94109 2207 Lombard Street, San Francisco, CA 94123 Keller Williams Peninsula Estates 1430 Howard Avenue, Burlingame, CA 94010 16 E 3rd Avenue, San Mateo, CA 94401 Keller Williams Palo Alto 505 Hamilton Ave Suite #100, Palo Alto, CA 94301