Statistical Market Analysis for Fairfield - September 2008
ACTIVE listings: 735
Avg ACTIVE price: $317,993
Median ACTIVE price: $234,900
Avg ACTIVE days on market: 96
PENDING sales: 199
Avg PENDING price: $280,412
Median PENDING price: $239,900
Avg PENDING days on market: 64
Properties SOLD: 124
Avg SOLD price: $247,303
Median SOLD price: $245,000
Avg SOLD days on market: 79
Check back here each month to see updated market statistics and trends in the Fairfield real estate market. We provide this information to help consumers make informed decisions regarding real estate and financial goals. To discuss this information in detail, contact any one of our trained REALTORs with Century 21 Distinctive at 707-429-4800.
Posted by Keith Thompson
Keith Thompson is a REALTOR/E-pro with Century 21 Distinctive in Vacaville. For more information about Keith go to his personal website at http://www.dkthompson.com/ or contact him via email at keith@dkthompson.com
Showing posts with label solano county real estate fairfield california. Show all posts
Showing posts with label solano county real estate fairfield california. Show all posts
Monday, October 6, 2008
Thursday, August 14, 2008
Time to Buy in Solano County????
It’s a buyer’s market for sure! Many Buyers, however, are playing “the waiting game”, believing that prices will drop in Northern CA (and specifcally in Solano County)
THE COST OF WAITING
While it’s true that in certain areas the prices are still dropping, there are some areas stabilizing and in a few areas where prices have hit bottom, where prices are actually increasing. The interest rates seem to be holding steady for the moment but are expected to increase by early next year. A 6-month mortgage history shows the rate steadily increasing (go to Bankrate.com or MortgageNewsDaily.com for more info).
So, Why Buy Now While Interest Rates Are Low? Well a 1/2 point increase on a 30 year loan based on the average home price in solano county could mean as much as $40,000 in additional interest paid over the life of the loan.
While none of us have a crystal ball as to what will happen in Fairfield, Vacaville, Dixon and the other areas of Solano County, one thing is for sure - over the long term, Real Estate is still the best and most secure investment in the US.
THE COST OF WAITING
While it’s true that in certain areas the prices are still dropping, there are some areas stabilizing and in a few areas where prices have hit bottom, where prices are actually increasing. The interest rates seem to be holding steady for the moment but are expected to increase by early next year. A 6-month mortgage history shows the rate steadily increasing (go to Bankrate.com or MortgageNewsDaily.com for more info).
So, Why Buy Now While Interest Rates Are Low? Well a 1/2 point increase on a 30 year loan based on the average home price in solano county could mean as much as $40,000 in additional interest paid over the life of the loan.
While none of us have a crystal ball as to what will happen in Fairfield, Vacaville, Dixon and the other areas of Solano County, one thing is for sure - over the long term, Real Estate is still the best and most secure investment in the US.
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