Vacaville Homes for Sale New Releases and New Listings

Spring Growth for Vacaville Real Estate

Updating Vacaville Real Estate Homes for Sale.

Vacaville real estate and homes for sale are showing some signs of spring growth. The sales are increasing, although painfully slow, and inventories are also beginning to increase as well. Locally, Vacaville has fared better than the other cities in Solano County, yet it has also been impacted by the wide spread effects of the mortgage meltdown. We are now seeing a rise in Foreclosures most notably from Fannie Mae, HUD and Freddie Mac. Large bank portfolios still have not been released in any significant numbers from the top 5 banks.

Here are the current market snapshots…

There have been 31 new listings in the last week and a half, with 5 of those listings being condos. Of these new listings 83% were distressed properties and the vast majority of these distressed homes were short sales. There are presently 278 Active listings in Vacaville, which represents a 3 month supply at current sales pace. Although this sounds pretty good the reality is the shadow inventories and those in the foreclosure process for the most part have yet to be brought to the market. So take these numbers with a grain of salt. Out of those 278 Active listings 65% overall were distressed homes, still well over half the homes for sale. The number goes higher if you remove the investor flips and developer new home listings.

Click Here to see all Vacaville Condo Listings.

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Keeping all these things in mind, here are my best buy picks for the Vacaville Real Estate Market. So let’s get started then…