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Market Conditions in Solano County : Real Estate Advice

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  • Local Info1
  • Home Buying9
  • Home Selling0
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Activity 29
Sun Jun 7, 2015
Scott Loney Alicia Worley answered:
I held the original office open in Eastridge when the development started in early 1990's. Mark Leclare, Wayne Greer, Debene Group, Jackson Homes, and then Loren Kelly(Premier Design Homes) and the Hoffemann Group started building Custom Spec homes. The Lots on the inside of Springridge and inside of Eastridge were selling to these builders for the Low $100,000.'s and the Outside Lots with views of Green Valley went for the high $180,000+ depending on the view and size of the lot. Prices gradually increased from 1992 all the way through to the 2007 peak. In the early 2000's a decade later the next phase of Eastridge opened up and much bigger homes on even bigger parcels and those lots starting selling in the mid $250,000.00 Dollar range just for the Land. Premier Homes built several homes that were $1.3 Million dollars and up. I know this because I sold these homes back in 2002,2004,2006 and I even sold one of those custom homes for over $2 Million Dollars. Eastridge suffered price depreciation just like the rest of the Country did from the calamity of poorly written Loans, 5 year ARMs in 2003 and then the lenders preached that they had even a better product in 2005 called the 3 year ARM. It was inevitable that the market was going to suffer some repercussions from these poorly written Loan products. A large majority of buyers from 2003 to 2006 purchased homes with this loan product. When 2008 came around all of those buyers or borrowers were told that the banks would not refinance them into a different product as there interest Rates started to increase. We have have come full circle in this Market and my Partner and I Alicia Maginnis have recently placed a home in Contract for very close to the $1.5 Million dollar price range. I think that it is fair to say that the Market has made a come back and we are nearly back to the Peak prices of 7 to 8 years ago. With interest Rates at an all time low and people buying with fixed rates and not Adjustable Rate Mortgages the Market in Eastridge should stay very stable for the next several years to come. ... more
0 votes 6 answers Share Flag
Tue Feb 3, 2015
Josephine ("Jo") Cusi answered:
Hi, Mike! As of today 2/3/15, market shows a 7.71 Months of Housing Supply (Listing/Absorption Rate) for the 94533 zip code, prices up to $299,999. This means that there is about 7-8 months worth of housing inventory for this specific market.

With the new 3% down payment loan programs of Fannie and Freddie and the recent FHA mortgage premium reduction, we can expect more buyers to qualify and come on board. With these favorable buying conditions, the housing market should be busy as more Millennials can get into their first home. Further, the returning home buyers (those who had a foreclosure or short sale in the last three years) have the opportunity to become homeowners again with an FHA mortgage and for Veterans, only 2 years to be able to buy again (of course, given all qualifying measures are in place). Lenders can go into more details.

So let's see how the market plays out with these dynamics...I have a feeling it is going to be an exciting year!

Hope that helps!


All the best,
Jo
... more
1 vote 1 answer Share Flag
Mon Nov 17, 2014
Bryan Patton answered:
Hey Nashaylabright22, this is another link that can be helpful for a more comprehensive rating. This link shows rankings of each school depending on the specific area in Fairfield you reside.

http://school-ratings.com/cities/Fairfield.html
... more
0 votes 3 answers Share Flag
Mon Sep 8, 2014
Virginia Shaw asked:
This question was asked from http://www.trulia.com/rental/3150643335-719-Violet-Ln-Vacaville-CA-95687?ecampaign=con_rlt_post_lead_agent_rent_fr&eurl=www.trulia.com%2Frental%2F3150643335…
0 votes 0 Answers Share Flag
Mon Sep 8, 2014
Melina Nunez asked:
This question was asked from http://www.trulia.com/rental/3111129927-331-Edwin-Dr-Vacaville-CA-95687
0 votes 0 Answers Share Flag
Mon Sep 8, 2014
The Spears Team answered:
Yes there is a full bathroom and bedroom for this home, however this home has sold. If you care for a current list of active homes please contact me or Scott and we will get you a free list. ... more
0 votes 1 answer Share Flag
Mon Aug 11, 2014
John Kraft answered:
From moderately priced homes to high-end estates, Green Valley is one of the more desirable areas in Solano County. A short hop to the bay area, wine country, or mountains.
1 vote 5 answers Share Flag
Sat Jul 19, 2014
mike.spangler asked:
same; there is no breadth. What we do have that we did not have last cycle is cash buyers from China buying property. How long can we expect property values to climb in Solano County without…
0 votes 0 Answers Share Flag
Thu Jun 19, 2014
Eric Jackson answered:
Go directly to the Fairfield/Suisun unified school district webpage and you will get all the names and locations of the public schools in the area. As a middle school teacher of 20 years, the school district websites are very helpful. Let me know if you have any real estate or educational questions.
Thanks,
Eric Jackson
ejackson@prucalifornia.com
(707) 529-3140
... more
0 votes 1 answer Share Flag
Sat May 31, 2014
Cyndi Smit asked:
This question was asked from http://www.trulia.com/rental/3157222611-5183-McInnis-Ln-Fairfield-CA-94533
0 votes 0 Answers Share Flag
Wed Apr 9, 2014
Andrew Purdy CRS answered:
It seems as if this listing is no longer active on the site. Contact a real estate agent to help you in your search. A good one will assist you in finding the right neighborhood and finding out answers to your questions even if they don't make a commission. Eventually, you may consider purchasing, and someone that has helped you with nothing to gain has gained your respect! ... more
0 votes 1 answer Share Flag
Fri Feb 7, 2014
Fidel Moralez answered:
Hi Jan,

I have children that went to Buckingham and I highly recommend that school. It is a small atmosphere of a total of 450 students which I feel promotes great learning opportunities due to more attention the students get from a smaller environment. All the curriculum is college prep based. There is zero tolerance with fighting. A single fight will get a student kicked out of the school permanently. I know that Buckingham gets very high academic testing scores compared to other schools. ... more
0 votes 1 answer Share Flag
Wed Jan 8, 2014
Candice San Juan answered:
Hi tongr,

What exactly would you like to know about this property? It is an Active listing. Only been on the market for 2 days. 3 bedroom, 2.5 bath. Please let me know if I can be of assistance. Thank you, ... more
0 votes 1 answer Share Flag
Sun Jan 5, 2014
Sameer Punjani answered:
Hello if you have not visited this new home community yet I can offer you a 40 percent rebate commission. Let me know you can email me at punjani@mygpsagent.com

Thanks

Sameer Punjani ... more
0 votes 2 answers Share Flag
Wed Oct 30, 2013
Tim Garton answered:
St. Catherine of Sienna Catholic Church

3450 Tennesse St
Vallejo, CA 94591
(707) 553-1355
0 votes 4 answers Share Flag
Wed Oct 9, 2013
Tim Garton answered:
Hi Elliot,
We have 103 homes active listings in Vallejo today, roughly 12% of those listings are distressed properties either short sales or foreclosure. Cash buyers are aprx 40% of our closing in Vallejo cash buyers state wide is 26% cash purchases so there is a difference. Multiple offers are still common in Vallejo but less than during the summer months. Please call me for further questions 707-315-5555 or visit my website www.propertyinvallejo.com.

Thank you
... more
0 votes 2 answers Share Flag
Fri Jul 12, 2013
John Souerbry answered:
Rentals in this area are relatively stable in price and income. The one you reference on East Monte Vista has completely unreliable information in its description, so I wouldn't use it as an example. It's also on a busy street surrounded by commercial and retail businesses, except for the park across the street. Rentals a few blocks off the main street in residential neighborhoods are doing better. ... more
0 votes 1 answer Share Flag
Sun May 12, 2013
Joseph Chavez answered:
The HOA fee in Hiddenbrooke is $55.00 per year ... BUT there is a Landscaping / Maintainence fee that is included in a form of a annual supplement tax, that amount is approx $2000 per year. You can actually visit their website for more specific information ( I actually own property in Hiddenbrooke) ... more
0 votes 3 answers Share Flag
Thu Feb 28, 2013
Randy Carson answered:
Hi Guys,

Is there any good "Lease option" homes in the Green valley area? Also looking for a Realtor
familiar & willing to work with an client in that situation. 408-931-1515 or brutus8472@aol.com
Thx.RC
... more
0 votes 7 answers Share Flag
Fri Nov 9, 2012
Don McDonald answered:
Our crime rate was really starting to drop in 2009. Then the state of California came and took 54 million in funds from our city (To help balance the state budget and pay for state programs) we have suffered tremendously in the last couple of years with severe cuts in police, fire and city staff. Our crime rate has increased to much higher levels. The good news, is Measure P just passed. This will generate millions of dollars for our city and help us restore our services and protection to previous levels. Over-all Fairfield is a safe and beautiful place to live. Close to everything. Napa is 20 minutes away, San Francisco, 40 minutes, Sacramento 40 minutes. Mountains, beaches, good food, good wine and so much more make our city a wonderful place to be.

For more specific Crime stats go here: http://www.neighborhoodscout.com/ca/fairfield/crime/
... more
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