Friday, October 24, 2014
FAIRFIELD-SUISUN, CALIFORNIA
99 CENTS

Few homes on market send sales lower

By
From page B6 | February 14, 2014 |

FAIRFIELD — Solano County home sales dropped sharply again in January – echoing a statewide trend that was  due to a seasonal slump and a lack of affordable homes on the market, a research firm reported Thursday.

There were 25,832 homes sold last month – 26.1 percent fewer than in December and 10.5 percent fewer than January of last year, San Diego-based DataQuick reported. In Solano County, there were just 424 homes sold, which was down 11 percent from December and 18.9 percent over January 2013.

Solano’s median price was $282,750 – up 29.1 percent over a year ago, but relatively consistent with recent months.

Statewide, it was the slowest January for sales since 2008.

The December-to-January slump was normal, DataQuick analyst Andrew LePage said, but the year-over-year dip was due primarily to a lack of low- and middle-priced homes.

“There’s demand, especially in the lower end,” LePage said. “There’s just not inventory.”

“You still have some people who are underwater, owing more than their homes are worth” and they can’t afford to sell, while some would-be sellers are simply waiting for higher prices, LePage said.

At the same time, the number of foreclosed homes hitting the market has dropped, he said.

According to the latest figures available from the California Association of Realtors, the state had a three-month supply of single-family homes in December. That’s up from a 2.6-month supply a year earlier but well below normal. A normal supply is considered five to seven months.

Tighter credit and rising prices also are crimping sales.

The median home price of $353,000 in January dropped 3.3 percent from December but was up 21.7 percent from January 2013, DataQuick reported.

In fact, the price of a home in any given month compared with the same month a year earlier has been jumping for nearly two years. January was the 14th month in which the year-over-year increase topped 20 percent.

Sales of higher-priced homes remained healthy and were up from a year ago, LePage said.

The situation was similar throughout the state.

In the San Francisco Bay Area, 4,696 homes were sold in January, down 14.6 percent from a year earlier.

The median sales price in the nine-county region was $525,000, down 4.3 percent from $548,500 in December but up 26.5 percent from $415,000 in January 2013. It was the 22nd straight month of annual price increases.

DataQuick reported Wednesday that Southern California home sales fell to the lowest January tally in three years, down 9.9 percent from a year earlier to 14,471 homes. The median sales price in the six-county region was $380,000, down 3.8 percent from $395,000 in December but up 18.4 percent from $321,000 in January 2013.

Staff and wire reports

LEAVE A COMMENT

Discussion | No comments

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

.

Solano News

 
‘The Rocky Horror Show’ finds a home on stage

By Amy Maginnis-Honey | From Page: B1

 
For sale: Solano home with Nike missile bunkers

By Ian Thompson | From Page: A1, 6 Comments | Gallery

 
 
Salvation Army debuts giant kettle for holidays campaign

By Robinson Kuntz | From Page: A3 | Gallery

 
Suisun City police log: Oct. 22, 2014

By Susan Hiland | From Page: A12

 
Fairfield police log: Oct. 22, 2014

By Susan Hiland | From Page: A12

.

US / World

New survey details vast scope of teen dating abuse

By The Associated Press | From Page: A1, 2 Comments

 
Boosters seek to keep Bay Bridge light display

By The Associated Press | From Page: A3 | Gallery

$50,000 reward to find killer of Anaheim girl, 9

By The Associated Press | From Page: A4, 1 Comment

 
Video shows bikers taunting California officer

By The Associated Press | From Page: A4, 4 Comments

California man guilty in wife’s stabbing death

By The Associated Press | From Page: A4

 
Brown opens up spending in campaign’s final month

By The Associated Press | From Page: A4

Driver attacked after ice cream truck kills boy

By The Associated Press | From Page: A4, 7 Comments | Gallery

 
Suspect in girl’s 1984 killing was police employee

By The Associated Press | From Page: A5

PTSD argued in case of Marine jailed in Mexico

By The Associated Press | From Page: A5, 3 Comments | Gallery

 
US tech firm fined for underpaying Indian workers

By The Associated Press | From Page: A5, 1 Comment

Paintings in national parks spark probe, furor

By The Associated Press | From Page: A6

 
Prisoner in Afghanistan to be tried in US

By The Associated Press | From Page: A7

US, SKorea agree to delay wartime control transfer

By The Associated Press | From Page: A7

 
US officials: Iraqi army regrouping slowly

By The Associated Press | From Page: A7, 1 Comment

Gary killings put spotlight on abandoned buildings

By The Associated Press | From Page: A7

 
Lawmakers seek to end benefits to former Nazis

By The Associated Press | From Page: A7, 1 Comment

For teen with passport, Syria trip can be seamless

By The Associated Press | From Page: A7

 
Border deaths drop to 15-year low

By The Associated Press | From Page: A7, 2 Comments

Ex-Mountie hero of shooting at Canada’s Parliament

By The Associated Press | From Page: A10

 
Canada gunman wanted a passport to go to Mideast

By The Associated Press | From Page: A10

NYC mayor: Don’t be alarmed by doctor’s Ebola

By The Associated Press | From Page: A10

 
NK experts: US must apologize to free detainees

By The Associated Press | From Page: A10

Ebola: A crash course in fear and how it hurts us

By The Associated Press | From Page: A10, 4 Comments

 
Cremation fears leave empty Ebola beds in Liberia

By The Associated Press | From Page: A10 | Gallery

NY doctor back from Guinea has Ebola, 1st in city

By The Associated Press | From Page: A12, 1 Comment

 
.

Opinion

Planning Commission not listening to the people

By Letter to the Editor | From Page: A11, 10 Comments

 
Not sure I trust government on Ebola

By Letter to the Editor | From Page: A11, 9 Comments

Is America prepared for Ebola or is threat overhyped?

By Ben Boychuk and Joel Mathis | From Page: A11

 
.

Living

Today in History: Oct. 24, 2014

By The Associated Press | From Page: A2

 
Community Calendar: Oct. 24, 2014

By Susan Hiland | From Page: A2

 
Horoscopes: Oct. 24, 2014

By Holiday Mathis | From Page: A9

.

Entertainment

Week in preview Oct. 24-30, 2014

By Amy Maginnis-Honey | From Page: B1

 
Review: ‘John Wick’ delivers non-stop action

By The Associated Press | From Page: B2

 
Entertainment calendar Oct. 24, 2014

By Susan Hiland | From Page: B4

 
Burns’ series gives PBS a ratings milestone

By The Associated Press | From Page: B5

TVGrid

By Daily Republic Syndicated Content | From Page: B6

 
Q&A: Mick Jagger, the film producer, heads to work

By The Associated Press | From Page: B6, 1 Comment

.

Sports

 
At 1-all, World Series moves to quirky Giants park

By The Associated Press | From Page: B7

Giants’ Hudson to face Royals’ Guthrie in Game 3

By The Associated Press | From Page: B7 | Gallery

 
College notebook: Cordes chosen to try out for USA national team

By Paul Farmer | From Page: B7 | Gallery

Homecoming still on but no game for VCS

By Daily Republic staff | From Page: B8

 
Compton among PGA leaders at Sea Island

By The Associated Press | From Page: B8

Steve Nash ruled out for season with back injury

By The Associated Press | From Page: B8

 
Judge questions $75M NCAA concussion settlement

By The Associated Press | From Page: B8

Arizona men near-unanimous pick by media to win Pac-12

By The Associated Press | From Page: B8

 
Raiders may lose Woodley to biceps injury

By The Associated Press | From Page: B8 | Gallery

No. 6 Oregon looks to extend streak against Cal

By The Associated Press | From Page: B8

 
The Write Way: KC coach’s lineup cards are artful

By The Associated Press | From Page: B8 | Gallery

Prep football capsules: Week 8

By Paul Farmer | From Page: B9

 
Manning, Sanders lead Broncos past Chargers, 35-21

By The Associated Press | From Page: B9 | Gallery

Sports on TV/Local sports for Friday, Oct. 24, 2014

By Paul Farmer | From Page: B10

 
This date in sports history for Friday, Oct. 24, 2014

By The Associated Press | From Page: B10

.

Business

Honda Fit becomes even more intriguing small car

By Ann M. Job | From Page: C1 | Gallery

 
Letting your car find a spot and park itself

By The Associated Press | From Page: C2, 1 Comment | Gallery

A blue Christmas for Amazon?

By The Associated Press | From Page: B11

 
Zuckerberg speaks Chinese, Beijing students cheer

By The Associated Press | From Page: B11 | Gallery

Cloud business lifts Microsoft’s quarterly results

By The Associated Press | From Page: B11

 
.

Obituaries

.

Comics

Baby Blues

By Daily Republic Syndicated Content | From Page: A8

 
Beetle Bailey

By Daily Republic Syndicated Content | From Page: A8

Frank and Ernest

By Daily Republic | From Page: A8

 
For Better or Worse

By Daily Republic Syndicated Content | From Page: A8

Garfield

By Daily Republic Syndicated Content | From Page: A8

 
Pickles

By Daily Republic Syndicated Content | From Page: A8

B.C.

By Daily Republic Syndicated Content | From Page: A8

 
Peanuts

By Daily Republic Syndicated Content | From Page: A8

Baldo

By Daily Republic Syndicated Content | From Page: A8

 
Blondie

By Daily Republic Syndicated Content | From Page: A8

Get Fuzzy

By Daily Republic Syndicated Content | From Page: A8

 
Rose is Rose

By Daily Republic Syndicated Content | From Page: A8

Wizard of Id

By Daily Republic Syndicated Content | From Page: A8

 
Dilbert

By Daily Republic Syndicated Content | From Page: A8

Zits

By Daily Republic Syndicated Content | From Page: A8

 
Sally Forth

By Daily Republic Syndicated Content | From Page: A8

Cryptoquote

By Daily Republic Syndicated Content | From Page: A9

 
Bridge

By Daily Republic Syndicated Content | From Page: A9

Sudoku

By Daily Republic Syndicated Content | From Page: A9

 
Word Sleuth

By Daily Republic Syndicated Content | From Page: A9

Crossword

By Daily Republic Syndicated Content | From Page: A9