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?
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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