New Home Sales up 2.7% in September

Nationally sales of newly constructed homes is up 2.7% in September. Reported by the U.S. Census Bureau, sales of 464,000 homes (annualized) surpassed the estimates of 450,000 and up from the 17 year low reached in August.

Regions with greater price drops have seen even bigger gains in recent home sales. The west coast, for example, has found some areas with new home sales reaching 22%.

These increased sales are a result of builder incentives and slowed construction during a turbulent market. Buyers in the market for a new home have dramatically benefited from these programs, and sellers will start to see the benefit as inventory is decreased and time on market decreases. Traditionally resale home trends have followed those of new home sales.

Remember - The primary factor influencing home sales is jobs! Look to regional and national jobless rates to see and predict where home sales will increase or decrease in coming months.



posted by Keith R. Thompson
Keith Thompson is a REALTOR/E-pro with Century 21 Distinctive. You can contact Keith directly via his website at www.DKthompson.com or via email at keith@dkthompson.com.

Vacaville Market Report

Statistical Market Analysis for Vacaville - September 2008

ACTIVE listings: 441
Avg ACTIVE price: $438,702
Median ACTIVE price: $315,000
Avg ACTIVE days on market: 119

PENDING sales: 147
Avg PENDING price: $310,874
Median PENDING price: $265,000
Avg PENDING days on market: 61

Properties SOLD: 77
Avg SOLD price: $341, 329
Median SOLD price: $290,000
Avg SOLD days on market: 86

Check back here each month to see updated market statistics and trends in the Vacaville real estate market. We provide this information to help you make informed decisions regarding your real estate and financial goals. To discuss this information in detail, contact any one of our trained REALTORs with Century 21 Distinctive at 707-447-2200.



Posted by Keith Thompson
Keith Thompson is a REALTOR/E-pro with Century 21 Distinctive in Vacaville. For more information about Keith go to his personal website at www.DKthompson.com or contact him via email at keith@dkthompson.com.

New Public Website with Advanced Home Search!

We are proud to introduce our new Public Website. Please visit http://www.century21dp.com/ where you can search all the MLS properties in Solano, Napa, and Yolo Counties. With our new site, you can search on an interactive map where you can see the location of the home, the details of the home for sale, and even schedule a showing right from our website. The new tools put the user in charge. Our site is your one stop shop for all your real estate research needs when looking to buy or rent a home in Fairfield, Vacaville, Benicia, Dixon, Davis, or any other city or town along the I-80 corridor

Also, on the site, you can access discounts from local vendors and get detailed information on the communities we service, research our agents, or simply browse the housing market.



Posted by Keith Thompson.
Keith Thompson is a licensed REALTOR, E-pro, and luxury home specialist with Century 21 Distinctive's Vacaville office. Keith can be contacted via his own website at www.DKthompson.com or by email at Keith@DKthompson.com