Browns Valley Market Report - October

Market statistics for the month of October 2008

Homes SOLD: 19
Avg SOLD price: $326,653 (26% decrease from Sept)
Median SOLD price: $320,000
Avg SOLD days on market: 99 (55% increase from Sept)

Homes PENDING: 15
Avg PENDING price: $332,547
Median PENDING price: $305,000
Avg PENDING days on market: 41

ACTIVE listings: 131
Avg ACTIVE price: $614,310
Median ACTIVE price: $431,900
Avg ACTIVE days on market: 130

Look back here each month for an update on current market statistics. I will highlight trends that indicate what direction the market is moving. With this information I hope you will be able to make an informed decision regarding your own real estate needs and meet personal, family, and financial goals!

Nationwide New Home Sales up 2.7%

Nationally sales of newly constructed homes is up 2.7% in September. Reported by the U.S. Census Bureau, sales of 464,000 homes (annualized) surpassed the estimates of 450,000 and up from the 17 year low reached in August.

Regions with greater price drops have seen even bigger gains in home sales. The west coast, for example, has found some areas with new home sales reaching 22%.

These increased sales are a result of builder incentives and slowed construction during a turbulent market. Buyers in the market for a new home have dramatically benefited from these programs, and sellers will start to see the benefit as inventory is decreased and time on market decreases. Traditionally resale home trends have followed those of new home sales.

Remember - The primary factor influencing home sales is jobs! Look to regional and national jobless rates to see and predict where home sales will increase or decrease in coming months.

Browns Valley Market Report - September

Market statistics for the month of September 2008:

Homes SOLD: 17
Avg SOLD price: $439,953
Median SOLD price: $395,000
Avg SOLD days on market: 64

Homes PENDING: 31
Avg PENDING price: $371,029
Median PENDING price: $330,000
Avg PENDING days on market: 70

ACTIVE listings: 144
Avg ACTIVE price: $603,506
Median ACTIVE price: $441,950
Avg ACTIVE days on market: 121

Look back here each month for an update on current market statistics. I will highlight trends that indicate what direction the market is moving. With this information I hope you will be able to make an informed decision regarding your own real estate needs and meet personal, family, and financial goals!

New Site Launched with Advanced Home Search!

I am proud to introduce my new Website. Please visit http://www.dkthompson.com/ to see the most advanced MLS listing search in Solano, Napa, and Yolo Counties. With my new site, you can search on an interactive map where you can see the location of the home, the details of each listing, and even schedule a showing right from my website. These new tools put you in charge!
You can even register your own search criteria and have properties emailed to you as soon as a new listing is posted!
My site is your one stop shop for all real estate research needs when looking to buy a home in Fairfield, Vacaville, Napa, Dixon, Davis, or any other city or town along the I-80 corridor.