My New Blog

Prices have been at an all time low, having taken a nose dive throughout all of 2008.  Foreclosures and short sales have been the norm with regular sales taking a back seat or having to follow price parameters set by recent sales activity. 

Current inventory in Rio Vista, including all parts of town, is very low.  There is nothing in Homecoming that does not have an offer on it.  In Trilogy, while there are still good floor plans at great prices, the number of lower priced homes is significantly decreased. 

The last three homes in Trilogy sold higher that several months ago.  A Yountville sold at $50,000 more than the last one; a Calistoga received multiple bids and will most likely close higher than the last couple of sales of the same model.  A Pebble Beach just sold for $23,000 more than the last one.  Homes in the city are going at asking.  Homes are appraising at purchase price.

In town homes are selling briskly.  There is a race to get something before someone else.  When homes sell within several days of coming on the market and inventory is low and a listing gets multiple bids, the handwriting is there.  This appears to be the beginning of an upward curve.  The bottom may very well be behind us.  If you are a buyer, think about getting off the fence and doing some serious looking.  Call you lender, get pre-approved and get on board.