Inventories of Vacaville Homes for Sale are on the Rise

Inventories of Vacaville Real Estate listings and homes for sale are now on the rise.  As the weather warms so does this market.  The current snapshot of the Vacaville housings market shows there are 236 Active listings as of today.  The local market is still showing signs of distress as over 70% of all these active listings are either short sales or foreclosures.   In the last week 35 New Listings came into the market and 77% of those were distressed homes.

They say that Real Estate is local and following that thought I have broken down the Vacaville Real Estate Market into 2 categories.  The first being all homes under $250,00, and the second being all homes over $250,000.  Locally the housing crisis definitely affected more of the lower section of the housing markets as the numbers will show and it doesn’t look like it is going to change anytime soon.   This is why I have broken the markets down this way.

Vacaville Real Estate and Homes for Sale under $250,000

There are 151 Active Listings in Vacaville for homes under $250,000.  Distressed properties account for 80% of all listings.   That’s 8 out of every 10 homes for sale are either a short sale or a foreclosure.    New listings in last week also support this trend.   Some 21 new listings hit the market of which 8 were REOs or Foreclosures and 8 were Short Sales.

Here are my Hot Bargains!

Search for all Vacaville Homes under $250,000

Vacaville Real Estate and Homes for Sale over $250,000

As mentioned earlier there is a big difference between these 2 market segments as the influence of Foreclosures and Short Sales.  In this segment there are 85 Active Listings currently,  14 REOs and 33 Short Sales.  That’s only 55% of the market.  Still this means that more than half the homes are still distressed.

Here is my Best Buy Picks!

 

Search for all Vacaville Homes over $250,000

City of Vacaville info

City of Vacaville Schools

Overall the local market has been very sluggish to say the least.  As I update this market in the coming weeks we will see if there is a small recovery in the Real Estate Market in Vacaville or if we still are falling.   My optimism is only clouded by the fact that we are at the mercy of  the banks and government to change this.  This is likely to be a real slow ride before sales volumes increase significantly.

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