Archive for June, 2009

June Inventory for Vallejo and Benicia

Vallejo Inventory has continued to diminish to approximately 275 homes.  For the last 8 months, the inventory has been steadily diminishing at the rate of approximately 75-100 less homes per month!  However, in the last few weeks this inventory is not dropping as fast.  However, there is still lots of competition on properties.   From a Buyers perspective, well priced homes generally have more than one offer.   If the property is priced low,  we are seeing 5-20 offers and the final price is 10-20% over the asking price!

In Benicia, inventory has been more stable for several months with approximately 60-70 homes for sale.  Homes don’t generally sell immediately unless priced lower compared to the rest of the inventory.   There is good buying interest overall, and buyers are acting quickly when they like the property and price!