Benicia Foreclosure Update for January 2008

Foreclosures are top of mind in today's news.  Neighbors, friends, relatives, clients, people in the grocery store, customers waiting in line at the bank, you name it if I wear my badge they will ask about the current market. This is an update to the foreclosure market as of January 12,2008.

What is going on in Benicia?  We do not have the same degree of foreclosures/bank owned properties as some parts of the state and country. That is a fact. What is here must be sold. That is a fact.  Banks are not in the business to own homes. And that is a fact!

As of 1/12/2008 the multiple listing service for Benicia listed 144 homes for sale.  These include condos and single family homes.  10 are foreclosures.  They range in price from $259,900 to a high of $859,900. The foreclosure median price of $494,900 compares to $552,500 for a "regular" home. This information is fluid and most likely will change tomorrow as people put in offers this weekend or new homes come on the market. 

And guess what?  Whether it is bank owned or not, the bottom line is... there are wonderful choices out there. In every size and price. In the hills and down by the water, single family and condos.  Benicia is a wonderful place to live so come check it out!

For information about Napa or Vallejo read these blogs:  Napa or Vallejo