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Real Estate

Home Prices In Suisun City Area Increased Recently

in Real Estate 184 views

SUISUN CITY, CA — Nationally, home prices increased in the last year at the fastest rate since the 1970s, but the rate of increase is expected to slow between 2021 and 2022.

Prices increased 2.0 percent from April to May in the Vallejo-Fairfield CA Metropolitan Statistical Area, according to the latest data from the S&P CoreLogic Case-Shiller Index, one of the leading trackers of the housing market. Prices are up 18.4 percent from June 2020.

Continue Reading on Patch

New Homeowners Seeing Major Move-In Delays

in Real Estate 69 views

SACRAMENTO (CBS13) – Builders say that new home sales are the highest they’ve been since 2004, but some people purchasing the properties are now facing major move-in delays.

Why construction is so slow?

“There’s no way to get in,” said Colleen.

Colleen is looking forward to the day she can finally live in her newly built home.

“I see a home that I’m supposed to be in and I’m not,” she said.

It’s one of the hundreds of new houses being built among the cornfields of Dixon in Solano County. She purchased the property last fall and was told it would take about six months to build.

Continue Reading on GoodDay

Here’s The Largest Home For Sale In The Benicia, Vallejo Area

in Real Estate 86 views

VALLEJO, CA — The largest home currently for sale in the Benicia, Vallejo area will set you back $1.65 million, or $261 per square foot.

For the price, buyers will get a three-story, 6,325-square-foot custom home with four bedrooms and five and a half baths.

The contemporary-style residence comes with an elevator and a pool and is situated on 1 acre in the Hiddenbrooke Country Club.

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Building permits spike in Solano County, fueling housing boom

in Real Estate 92 views

New residential building permits in Solano County rose sharply to 1,697 in 2020, a level of housing permit activity in the county has not been seen since the 2007 Great Recession, according to Jordan Levine, vice president and chief economist with the California Association of Realtors.

At 716 permits, the number of multifamily housing permits issued last year was the highest since 2001. Higher costs for building supplies, especially lumber, is a factor driving multi-family dwelling growth, since the cost per square foot is considerably less, however, existing and new single-family units still dominate the market during the current real estate boom.

Continue Reading on The North Bay Business Journal

Fairfield has an easy solution to house its most vulnerable. Why not just do it already?

in Real Estate 87 views

While California’s housing shortage, displacement and affordability crisis has persisted for decades, the pandemic has made it all the more severe in cities across the state. Now more than ever local elected officials must create and maximize every possible solution to make more housing available and affordable to residents of all income levels, and to house our most vulnerable neighbors living without homes.

While some cities like Sacramento, Berkeley, Oakland and San Jose are rising to the challenge, too many others are failing to act at all. When local governments resist meeting their housing goals and actively stifle development, it not only impacts their own city but also cumulatively exacerbates our statewide housing crisis by driving up housing costs and leaving even more residents housing insecure or living on the streets.

Continue Reading on The Sacramento Bee

Mediterranean-Style Bungalow Lists For $495K In Nearby Vallejo

in Real Estate 91 views

VALLEJO, CA — Good things come in small packages, like this 988-square-foot Mediterranean-style bungalow with a staircase that will take you back in time. While space may appear tight, the garage was converted to a bedroom and there’s a large back deck and larger backyard.

The kitchen has been beautifully redone with granite counters, a stainless decorator apron sink, painted cabinetry, tiled flooring and stainless appliances.

Continue Reading on Patch

Rental assistance available through Solano program

in News/Real Estate/Solano County 103 views

FAIRFIELD — Qualified Solano County residents who need rental assistance due to hardships created by the Covid-19 pandemic can apply with the county.

The Solano County Emergency Rental Assistance Program provides cash assistance to qualifying low-income households affected by Covid-19.

Applications are available through Catholic Charities of Yolo-Solano, which is contracted with the county to administer the $13.3 million in federal funding that is available.

Continue Reading on Daily Republic

Solano-Napa warehouse vacancy falls amid building boom, while Marin-Sonoma office vacancy rises

in Business/Real Estate/Solano County 103 views
The class A 104,000-square-foot industrial facility at 2370 N. Watney Way, Fairfield, completed in June 2020 and already leased by co-owner Phil Garrett of Colliers International, was built to respond to growing demand. (courtesy photo) 2020

Vacancy rates declined in the North Bay’s largest industrial real estate markets in the first quarter amid robust construction and leasing of distribution facilities, with strong demand for e-commerce logistics, according to newly released figures.

Conversely, the region’s biggest office real estate markets experienced an uptick in available space in the opening month of this year, as firms continue to mull over what their space needs will be after the coronavirus pandemic.

Continue Reading The North Bay Business Journal

Mediterranean-Style Bungalow Lists For $495K In Nearby Vallejo

in Real Estate/Solano County 93 views

VALLEJO, CA — Good things come in small packages, like this 988-square-foot Mediterranean-style bungalow with a staircase that will take you back in time. While space may appear tight, the garage was converted to a bedroom and there’s a large back deck and larger backyard.

The kitchen has been beautifully redone with granite counters, a stainless decorator apron sink, painted cabinetry, tiled flooring and stainless appliances.

Continue Reading on Patch

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