Sales UP, Prices DOWN In Solano For 1st Qtr of 2009

By
Real Estate Agent with Coldwell Banker Solano Pacific

1st-qtr-stats-house-with-money-going-up-the-chimneySales figures in Solano County were either way up or way down, in the first quarter of 2009, depending on whether you’re looking at the number of sales or sales prices.

Sales were up 261% county-wide compared to the first quarter of 2008. Vallejo led the way, with almost four times as many sales this year as a year ago, followed by Suisun City (up 311%), Fairfield-Green Valley (+245%), Vacaville (+190%) and Benicia (+126%).

From January through March, Vallejo had 606 closed sales. A year ago, there were 161 over that same period. Put another way, Vallejo had almost as many sales in the first quarter of this year as occurred throughout the entire county (619) during the first quarter of ‘08.

While sales activity was up dramatically over a year ago, prices were another story. The median sales price county-wide plummeted 43% from a year earlier, dropping from $328,400 in Q1 of 2008 to $185,703 in 2009.

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