-MARKET UPDATE-
Hello, hello!
Welcome to August, also known as “Back-to-School Prep Month” in my world. I used to love seeing the kids head off to school with their new backpacks, notebooks, and of course, fresh socks! (I have all boys.) Although they’re now grown, I’ll admit, I still find myself buying them socks from time to time.
In real estate news: Vacaville currently has 211 active listings and 72 pending. The average list price of active homes is $774,000, while the average pending price is $749,000. Homes that are pending have spent an average of 30 days on the market.
- Forty-two new listings came on market and two are already pending.
- Median active price at $746,000 (avg. $739,000).
- Price range from $494,000 to $1.450m.
- Twenty-nine listings went pending.
- Seven received multiple offers.
- Median pending price $639,000 (avg. $688,000).
Price range from $459,000 to $1.29m.
- Thirty-five listings closed escrow.
- Median closed price $615,000 (avg. $662,000).
- Ten closings received multiple offers.
- Seven closings were above list price and seventeen were under list price.
- Four closings were cash, four FHA, five VA, one assumed, and the remainder were conventional financing.
Overall, the real estate market in Vacaville seems pretty steady as the number of active, pending and closings were very similar to two weeks ago. There doesn’t seem to be a significant change in the number of pending or closings especially as we near back to school season.
📞 Contact us today to schedule a complimentary buyer or seller consultation.
The next newsletter will arrive Thursday, August 21.
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Best,
Maria West
530.400.3325
– NEARBY HAPPENINGS –
Tomato & Vine Festival | Friday August 16 and 17, 11AM–7PM | Downtown Fairfield
The streets of downtown Fairfield are about to come alive with music, flavor, and good vibes at the 34th Annual Tomato & Vine Festival! This free, family-friendly event is one of Fairfield’s best summer traditions, and this year’s lineup is We’re talking Mobility, Ideateam, Big Blu Soul Revue, Dirty Cello, Michelle Lambert, Sacred Fire, MJ’s Brass Boppers, and more filling the streets with live music all weekend long. Come hungry—local vendors will be serving up all kinds of tasty eats (yes, there will be tomatoes), plus there’s a craft beer and wine garden to cool off in. Add in a classic car show, fun for the kiddos, and that laid-back summer festival energy… It’s shaping up to be a perfect weekend.
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