Real Estate Market Update, Real Estate Trends

1/9/17 Napa-Solano Inventory Update

Slight bump in inventory throughout Napa and Solano Counties after the holidays which is to be expected.  A nice surprise, however, was the interest rate retreating towards pre-election rates as they fell just below 4%.

American Canyon Real Estate, Real Estate Market Update, Vallejo Real Estate

January 2 Market Update

Real Estate Market Update, Real Estate Trends

RE Market Update 12/19

The big real estate news coming out of last week was the Fed's decision to raise the short term interest rate .25%. Interest rates rose sharply. The current whispers in the real estate world is how an increase in mortgage rates will effect home affordability - some estimates say that a rise of just 0.5% … Continue reading

American Canyon Real Estate, Real Estate Market Update, Real Estate Trends

Weekly Market Update 12/12

All indicators are now pointing to the traditional seasonal slowdown as folks take a breath for the Holidays...the one exception being American Canyon which added 4 new homes to the market last week, including one by fellow office mate Kasama Lee. 500 Wetlands Edge Rd boasts an amazing view and is just a few short … Continue reading

American Canyon Real Estate, Real Estate Market Update, Real Estate Trends, Vallejo Real Estate

Market Recap for 12/5

This slight upward tick in inventory appears to buck the normal trend, but it's important to hold off on making any significant assumptions. Most leading economists are still predicting a leveling off of inventory and prices in 2017. It may only be a temporary increase in response to rising mortgage rates, but it's worth watching.

American Canyon Real Estate, Real Estate Market Update, Vallejo Real Estate

American Canyon & Vallejo Market Update

The American Canyon and Vallejo real estate markets both posted month-over-month and year-over-year gains in the median sales price. The median sales price in Vallejo rose 8.2% to $355,000 and in American Canyon it rose to $460,000. The number of homes sold decreased by 5 in Vallejo while American Canyon had a slight bump in … Continue reading