- Market Update -
The theme for us recently has been the concept of reaching the "upper limit". It seems celebrities took that to heart and spent a few minutes in space this week thanks to Blue Origin. We, however, are training for our first ever team run (on Earth) at the Folsom Lake Trail Run event next month. On the real estate planet, Vacaville currently has 198 active listings; an increase of 30% from our previous update.
In the past two weeks, we have seen the following:
- Seventy-three listings came on market and 16 have already gone pending.
- Median price $649,000 (avg $703,961).
- List price ranges from $325k to $1.650M.
- Two listings have reduced their prices.
- Forty-two listings closed escrow.
- Median closed price $632,500 (avg $654,577).
Fifteen listings received multiple offers. Fifteen also closed for over list price. The highest over list is 8% for 342 Zachary closing at $550,000 with two offers. Property was listed below market value.
- A court supervised probate listing, 736 Corte Alhambra, received 18 offers and closed at a little over 1% over list price.
- Only one of the multiple offer purchases was cash.
- Seven were FHA, seven VA, six cash and the rest were conventional financing.
Overall, It seems that buyers have an advantage as more homes came on the market than went pending in the past two weeks.
If you have any questions about the market or need assistance with your real estate goals, don't hesitate to reach out. I’m always happy to help guide you through the process! The next newsletter will be Thursday, April 29th.
To access the Refresh Newsletter featuring neighboring communities, click or scan the QR codes at the bottom of this email. Hope you have a wonderful weekend!
- Nearby Happenings -
Bunnnies and Bonnets I Saturday, April 19, 10:00 AM to 1:00 PM I Andrews Park, 614 E Monte Vista Ave, Vacaville
There will be free activities such as egg hunts, a petting zoo, sack races, Quack Match and bubbles! Bring a basket to collect eggs and a camera to take pictures with Miss Bunny Bonnet. Additional activities and food will be available for a nominal fee. Vendors and entertainment are subject to change.A Tribute to the Legendary Linda Ronstadt I Sunday April 6th 3:00 PM I Vacaville Performing Arts Theatre, 1010 Ulatis Drive Vacaville, CA.
- Pick of the Week -
Pazza Notte
Picked by: Marcela Cardenas
1801 L Street, Suite 10 Sacramento. Located in the cultural hub of the city, Pazza Notte features a spacious outdoor patio featuring lush greenery. Inside, the dining room offers a vibrant atmosphere with an exhibition kitchen, a full-service bar, and DJ on selected nights.
- Click Below for Refresh Newsletter -
P.S.
Click or scan the QR code below to follow our team's Instagram account! Here you'll get the hottest updates on our listings and upcoming open houses!
