Positas Road, Winters, closed on Wednesday, April 21, 2010, two days ahead of time! Positas Road is located West of town, just west of where Pleasants Valley Rd meets Highway 128. It is a small private road with about 10 parcels and awesome views. I am sure the new owner will love it up there. The house was 1304 square feet with 3bedrooms and 2 baths and was built in 2001. It sold for $392,000. with a $3000. credit to the Buyer in lieu of any repairs. That is a very nice comparable sale for everyone.
Below is a quote from an article in the San Francisco Chronicle about the new home buyers tax credit. It seems that the verdict is still out as to whether or not this applies to current escrows are only those who go into contract May 1, 2010 or later. I tried several times yesterday to call the California Association of Realtors attorneys for clarification on this and the lines were always busy. Then I resolved myself to call our local Assocation of Realtors and was just referred to another website with no answer. As you can see from the link below it looks like everyone is waiting word from the Franchise Tax Board. Wouldn’t you think they could write a bill specifically states this such and the current federal rule states. Too bad there is so much confusion. Looks like we are “still waiting”. I need to know so I can advise my clients as some of them might be better off closing in May instead of April.
“First come-first served eligible taxpayers must close escrow between May 1, 2010 and Dec. 31, 2010, or after December 31, 2010 and before August 1, 2011, pursuant to an enforceable contract executed on or before December 31, 2010.
Well, I guess Yolo County is looking for money like everyone else so, they have found a creative way of raising funds. If you have built anything in the county and did not bother to get a building permit, now is your chance. Why on earth would you want to do that you might ask? Because according to my favorite lender, my sister, Vicki, investors who are buying loans are getting very particular and will not buy loans where they think there has been work done without a permit. What if you bought a property and the previous owner did not get a permit, are you liable, yes, you are. So if you think you might fall in this category you need so seriously look into caught up. I will post more on this soon, I won’t keep you hanging. If you live within the city limits you come under the jurisdiction of that city, this is for those people who fall under the rules of the Yolo County building department.
Well, it is Tuesday and that is the day of the week we update our listings. We come both the Solano County and the Yolo County MLS systems for listings. I know it is hard to believe but today there were only 2! Last week there were eight! Of the two listings one of them has two offers pending so it will be gone soon. There quite a few lisitings out in the country but the majority of those are over $500k. When a new listing comes on the market it goes quickly if it is priced right. It will l a great year number wise for sales. Who knows what next year will hold but in the mean time things are good.
Well, we finally have some new listings priced around $200k! There have been 3 or 4 new listings in the past two weeks. Some of these are already pending sales, if you can believe that. I just came back from showing some of these. Unfortunately most of these new listings are short sales. That means that we have to get the blessing of the bank before we can close. Sometimes that is impossible to get but when we do get lucky it is usually a 3 or 4 month waiting period. Anyway, it is good to have something to show people for a change. If you need any help with finding that perfect house and getting the Obama credit be sure and give a call soon, November 30th is closing in on us.
Well, this is going to be a great second quarter in the Winters real estate market. There are over 20 listings that are pending and they will close in May and June. There is hardly anything left on the market to look at. Even the short sales have multiple offers. Hopefully, the banks will start releasing some of those foreclosures they took back, we could sure use some more inventory. There are lots of people out there wanting to buy.
Well, the numbers are in for the first quarter for real estate sales in Winters. We have been averaging around 2.5 sales a month for the past year or so but in the first quarter of this year we have had 11 closed transactions! Five of those were in March, which means buyers were out looking for deals in January and February. In March, we had six closings! This is good news for everyone as real estate sales always help the economy. Many people go out and buy things for their new homes so stores like Loew’s and Home Depot do well. With the summer months ahead people will be working in their gardens too. Let’s all hope this keeps up. Currently, we have 18 pending sales. If you have any other real estate questions don’t hesitate to call me.
I just looked over the list my assistant updates every week of the current listings in Winters. She was off all last week as it was Easter vacation for her daughter ,who is a senior at Winters High School. As she said, she was surprised at how much activity there had been. Well, when I really had a chance to look at her list I had to cross off 8 more listings as I know they are pending. So what does that mean? Well, Winters has been averaging about 39 to 41 listings a week and now we are down to around 20 to 25. When a new listing hits the MLS there is lots of activity to look at it. Even short sales are getting multiple offers and sometimes they are selling for more than the list price. It really pays to be working with an active real estate agent who knows the Winters market. This is good news for sellers. I see prices leveling out and may be on an upswing. Give me call if you need more information. Sandy Vickrey 530-681-8939.
We left Sacramento at 6AM on Saturday morning, way too early in my book, and flew to Houston, then Ft. Lauderdale and last stop, Key West. We arrived around 6:30pm. The weather was perfect. Attached is a picture of the sunset as we were flying down the keys. Ooops, can’t find it now. A great place to visit if you are looking for a vacation idea. There are some Spring Breakers here too. On Sunday we took a walk around town and look what we found hanging from the trees!
This seems to be a hot property. I got two calls from Solano County agents who want to make sure the property is still available and want to show it tomorrow. Check it out on my website at www.sandyvickrey.com. It is listed for $224,900. and is located in the core area of Winters, right in the heart of all the action.