– MARKET UPDATE –
Hello, hello!
Welcome to another issue of the Refresh Newsletter focusing on the Vacaville market. If you’ve been reading our newsletters, you might notice a slight change. We’ve made it easier to connect with us either through our new website or our bi-monthly newsletters. We hope you like what you see! As you’ll see below, the real estate Spring season is in full force. It’s a good thing I was able to sneak in a round of golf this weekend!
In real estate news, nine properties that had been on the market for 30+ days have gone into escrow—congratulations to those sellers! Currently, there are 189 single family active listings and 76 pending properties on the market in Vacaville.
Over the past two weeks, we have seen the following:
- Sixty-eight new listings (three have gone pending) came on market ranging in price from $430,000 to $1.3m.
- Median active price $662,000 (avg. $720,000).
- Twenty-nine listings went pending.
- Median pending price $650,000 (avg. $724,000).
- Seven of the pending listings received 2-3 offers. However, 649 Osprey received nine offers!
- Thirty-five listings closed escrow.
- Median closed price $615,000 (avg $641,000).
- Thirteen closings received multiple offers. The highest number of offers was five.
- Twenty-two closings were above list price, while eight were under.
- Three closings were cash, eight FHA , six VA and the remainder were conventional financing.
Most homes are on market about thirty-three days before going pending. Despite that, 57% sell within 30 days and slightly above list price. The highest closing was a little more than 3% which tells us buyers are less willing to make a higher offer even in a multiple offer situation. If selling, it’s critical to price ahead of the market. Contact our team for a customized home valuation.
The next newsletter will arrive Thursday, May 29.
If this newsletter was forwarded to you, you can sign up for the Refresh newsletter for this area or neighboring communities. Click or scan the QR codes at the bottom of this email.
Best,
Maria West, Realtor®
(530) 400-3255
[email protected]
DRE# 01853967
Image description: Metrolist chart showing active, pending and closed listings in Woodland
– NEARBY HAPPENINGS –
– PICK OF THE WEEK –
Bee Gee’s Fever | May 29 7:30pm | Vacaville Performing Arts Center, 1010 Ulatis Drive Vacaville
Rock It Boy Entertainment of America presents Bee Gees Fever - A Tribute to the Bee Gees Capturing a full history of the Bee Gees, Bee Gees Fever includes songs from "To Love Somebody," "Massachusetts," I Got to Get A Message," "I Started A Joke," "Jive Talking," "More Than A Woman," "Nite Fever," "You Should Be Dancing," "Tragedy," "Stayin' Alive," and many more. ALL TICKET SALES ARE FINAL. NO REFUNDS OR EXCHANGES. A $3.25 theatre preservation fee is added to the ticket price. A $5 internet processing fee added to ticket price for tickets purchased online.
Restaurant: Harvest Table, St Helena
Picked by: Lori Prizmich
Harvest Table is a wine country kitchen featuring menus that highlight locally sourced ingredients and the best of the Napa Valley. An airy space flanked by alfresco dining terraces, Harvest Table offers a welcoming atmosphere for relaxed Wine Country dining. A 12-seat U-shaped bar fronts the 110-seat restaurant, where smooth wood finishes are offset by the classic brickwork of an oversized fireplace under the glow of abundant natural light. Taking inspiration from its juxtaposition of organic and man-made landscaping, Harvest Table is an honest and refined restaurant, ideal for St. Helena gatherings.
– REFRESH NEWSLETTER QR CODES –
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