Monday, April 27, 2015
FAIRFIELD-SUISUN, CALIFORNIA
99 CENTS

Solano home prices highest since 2008

home sale, 12/13/12

A home for sale on Sonoma Valley Drive in Fairfield. (Brad Zweerink/Daily Republic)

By
From page B11 | December 14, 2012 |

FAIRFIELD — Solano County home sales in November continued a four-month trend of increasing prices, with the median sales price reaching the highest level in four years, according to San Diego-based real estate service DataQuick.

A total of 584 homes sold in the county last month, according to DataQuick. That’s up 11.9 percent from a year ago and down only 2.7 percent from October, less than the normal seasonal decrease between those months.

The median price was $221,500 – the highest in the county since November 2008, when prices were in the midst of a free fall that would see them plunge below $200,000 for years.

Solano mirrored the Bay Area as a whole, with sales increasing 15.5 percent across the region over a year ago and prices up 20.5 percent over November 2011. The 7,296 homes sold in the Bay Area was the highest November total since 2006.

James D. Marshall, a Realtor with Re/Max Gold in Fairfield, said local buyers are very active.

“There’s not a lot of inventory and what me and others are experiencing is buyers are being ultra-aggressive and driving up the bidding,” he said.

Marshall said the hottest segment of the market continues to be homes selling for $150,000 to $500,000. He said the “luxury” homes in the county – which he defined as those worth more than $500,000 – are not moving as fast. He said those selling for less than $150,000 are usually the target of investors who want to purchase them and turn them into rentals, another hot market.

While prices are increasing, Marshall warned that the release of the rumored “shadow inventory” – homes foreclosed on and still owned by banks – could change things.

“If that hits the market, you won’t see price decreases, but you’ll start to see the prices level out,” Marshall said.

John Walsh, DataQuick’s president, predicted that the trend upward in prices will continue.

“Current trends are likely to stay with us well into spring, at least,” Walsh said in a press release. “With the mismatch between supply and demand, there’s an upward pressure on prices.”

Walsh also warned about the possibility of bank-owned homes flooding the market.

Solano has the lowest median prices of the nine-county Bay Area. The next-lowest median price in November was $332,000 in Contra Costa County.

Reach Brad Stanhope at 427-6958 or [email protected] Follow him on Twitter at www.twitter.com/bradstanhope.

Brad Stanhope

Brad Stanhope

Brad Stanhope is a former Daily Republic editor. He began his career at the DR in the last millennium. He spent 24 years as a sports editor, associate editor and news editor before leaving the Daily Republic in 2014. Brad lives in Suisun City with his wife, Mrs. Brad, and two sons. He enjoys cheese.
LEAVE A COMMENT

Discussion | 1 comment

The Daily Republic does not necessarily condone the comments here, nor does it review every post. Read our full policy

  • ReaderDecember 15, 2012 - 7:06 am

    A House across from me was vacant for two years before having a renter. I believe the renter was kicked out, because the same day he moved, a realtor was over there putting up a sign and cutting the grass. My house was 179k in 09, and this house is asking 195k,with one less bedroom, and a half bath less,while the house next door to it sold earlier this year for 142k.Here's the kicker-the house asking 195k wasn't even available all this week, and it's now PENDING! Makes me feel like were in 2005 again!

    Reply | Report abusive comment
.

Solano News

County action speeds Solano fairgrounds plan to next phase

By Kevin W. Green | From Page: A1 | Gallery

 
Vacaville eyes ban on medical marijuana grows

By Ryan McCarthy | From Page: A1

Paint the Town Purple; and Roxie

By Tony Wade | From Page: A2

 
City Coach hosts first block party

By Susan Hiland | From Page: A3

 
Bid Corderos Park, city staff recommends

By Ryan McCarthy | From Page: A3

White minister fought for civil rights in the south

By Amy Maginnis-Honey | From Page: A3 | Gallery

 
Farmers markets herald return of summer

By Susan Hiland | From Page: A3

Crash claims life of Concord teen

By Amy Maginnis-Honey | From Page: A4

 
Denim and Diamonds fundraiser set May 16

By Amy Maginnis-Honey | From Page: A4

Biz Buzz: Budweiser kicks off new parks campaign

By Susan Hiland | From Page: B7

 
Biz Buzz: Dutch Bros. plans ALS fundraiser

By Susan Hiland | From Page: B7

Biz Buzz: Company schedules pasta class

By Susan Hiland | From Page: B7

 
 
Biz Buzz: NorthBay offers extended hours for primary care

By Kevin W. Green | From Page: B7 | Gallery

Biz Buzz: Retail store helps those with autism

By Susan Hiland | From Page: B7

 
Biz Buzz: Committee schedules contractors breakfast

By Kevin W. Green | From Page: B7

.

US / World

Picture it: A 1,000-year exposure showing a changing Earth

By The Associated Press | From Page: A1

 
Quake agony revealed quietly on trip from Nepal airport

By The Associated Press | From Page: A5

Corinthian Colleges to shut down all 28 remaining campuses

By The Associated Press | From Page: A5

 
No time to lose: Global response to Nepal quake gears up

By The Associated Press | From Page: A5

Japan’s prime minister goes to US to showcase close ties

By The Associated Press | From Page: A5

 
Israel says airstrike on Syrian border targeted militants

By The Associated Press | From Page: A5

Family, friends in Baltimore mourn death of arrested man

By The Associated Press | From Page: A5

 
‘Batman’ killer studied brain disorders before mass murder

By The Associated Press | From Page: A5

Image from the quake: Heavy damage in Nepal ancient city

By The Associated Press | From Page: A5

 
Fighting rages in Yemen’s 3rd-largest city, strikes continue

By The Associated Press | From Page: A5

Mountaineers, guides stream from Everest after avalanche

By The Associated Press | From Page: A5

 
Putin accuses US of supporting separatists in Russia

By The Associated Press | From Page: A5

Death toll in Nepal quake rises to more than 3,200

By The Associated Press | From Page: A5

 
Late spring complicates already perilous amphibian migration

By The Associated Press | From Page: A5

Former GOP chairman enters US Senate race in California

By The Associated Press | From Page: A5

 
.

Living

Community Calendar: April 27, 2015

By Susan Hiland | From Page: A2

 
Today in history: Monday, April 27, 2015

By The Associated Press | From Page: A2

Parenting: How to set boundaries on screen time

By The Washington Post | From Page: B5

 
Horoscope: April 28, 2015

By Holiday Mathis | From Page: B5

Horoscope: April 27, 2015

By Holiday Mathis | From Page: A7

 
My husband doesn’t want me to redecorate home he had with first wife

By Kathy Mitchell and Marcy Sugar | From Page: A7

.

Entertainment

TVGrid April 27

By Daily Republic Syndicated Content | From Page: B6

 
TVGrid April 28

By Daily Republic Syndicated Content | From Page: B7

.

Sports

Warriors confident after sweep of Pelicans

By The Associated Press | From Page: B1

 
Giants-Rockies game postponed by rain

By The Associated Press | From Page: B1

 
Justin Rose wins in New Orleans for 7th PGA Tour title

By The Associated Press | From Page: B2

Wall, Beal lead Wiz past Raptors 125-94 in Game 4 for sweep

By The Associated Press | From Page: B2

 
Paul, Clippers even series with 114-105 win over Spurs

By The Associated Press | From Page: B2

 
Ko wins Swinging Skirts for 2nd straight year

By The Associated Press | From Page: B2

Motorcycle rider from Livermore killed in Nevada race

By The Associated Press | From Page: B2

 
Billy Andrade and Joe Durant win Legends of Golf

By The Associated Press | From Page: B2

Cavs sweep Celts as James scores 27 in 101-93 victory

By The Associated Press | From Page: B2

 
It’s here: Fight week begins with Pacquiao caravan to Vegas

By The Associated Press | From Page: B2

American Pharoah completes final pre-Kentucky Derby workout

By The Associated Press | From Page: B2

 
Newgarden claims first IndyCar Series win not far from home

By The Associated Press | From Page: B2

.

Business

.

Obituaries

Elizabeth Cepeda

By Nancy Green | From Page: A4, 1 Comment

 
Kirk Noonan

By Nancy Green | From Page: A4, 1 Comment

Sandra King

By Nancy Green | From Page: A4

 
Janis Ruth (Sefzik) Skinner

By Nancy Green | From Page: A4

.

Comics

Rose is Rose April 28

By Daily Republic Syndicated Content | From Page: B4

 
Get Fuzzy April 28

By Daily Republic Syndicated Content | From Page: B4

Dilbert April 28

By Daily Republic Syndicated Content | From Page: B4

 
B.C. April 28

By Daily Republic Syndicated Content | From Page: B4

Blondie April 28

By Daily Republic Syndicated Content | From Page: B4

 
Frank and Ernest April 28

By Daily Republic Syndicated Content | From Page: B4

Wizard of Id April 28

By Daily Republic Syndicated Content | From Page: B4

 
Peanuts April 28

By Daily Republic Syndicated Content | From Page: B4

Baldo April 28

By Daily Republic Syndicated Content | From Page: B4

 
Garfield April 28

By Daily Republic Syndicated Content | From Page: B4

Beetle Bailey April 28

By Daily Republic Syndicated Content | From Page: B4

 
For Better or Worse April 28

By Daily Republic Syndicated Content | From Page: B4

Sally Forth April 28

By Daily Republic Syndicated Content | From Page: B4

 
Baby Blues April 28

By Daily Republic Syndicated Content | From Page: B4

Zits April 28

By Daily Republic Syndicated Content | From Page: B4

 
Pickles April 28

By Daily Republic Syndicated Content | From Page: B4

Bridge April 28

By Daily Republic Syndicated Content | From Page: B5

 
Cryptoquote April 28

By Daily Republic Syndicated Content | From Page: B5

Word Sleuth April 28

By Daily Republic Syndicated Content | From Page: B5

 
Crossword April 28

By Daily Republic Syndicated Content | From Page: B5

Sudoku April 28

By Daily Republic Syndicated Content | From Page: B5

 
Garfield April 27

By Daily Republic Syndicated Content | From Page: A6

Beetle Bailey April 27

By Daily Republic Syndicated Content | From Page: A6

 
Blondie April 27

By Daily Republic Syndicated Content | From Page: A6

Get Fuzzy April 27

By Daily Republic Syndicated Content | From Page: A6

 
Pickles April 27

By Daily Republic Syndicated Content | From Page: A6

Wizard of Id April 27

By Daily Republic Syndicated Content | From Page: A6

 
Baldo April 27

By Daily Republic Syndicated Content | From Page: A6

Rose is Rose April 27

By Daily Republic Syndicated Content | From Page: A6

 
For Better or Worse April 27

By Daily Republic Syndicated Content | From Page: A6

Zits April 27

By Daily Republic Syndicated Content | From Page: A6

 
Frank and Ernest April 27

By Daily Republic Syndicated Content | From Page: A6

Peanuts April 27

By Daily Republic Syndicated Content | From Page: A6

 
Dilbert April 27

By Daily Republic Syndicated Content | From Page: A6

Baby Blues April 27

By Daily Republic Syndicated Content | From Page: A6

 
Sally Forth April 27

By Daily Republic Syndicated Content | From Page: A6

B.C. April 27

By Daily Republic Syndicated Content | From Page: A6

 
Cryptoquote April 27

By Daily Republic Syndicated Content | From Page: A7

Word Sleuth April 27

By Daily Republic Syndicated Content | From Page: A7

 
Sudoku April 27

By Daily Republic Syndicated Content | From Page: A7

Bridge April 27

By Daily Republic Syndicated Content | From Page: A7

 
Crossword April 27

By Daily Republic Syndicated Content | From Page: A7