Solano Real Estate Scene: Jim Porter
Article By: Jim Porter – March 7, 2025
The median sold price of single-family homes in San Mateo, the most expensive Bay Area county, for January was $1.96 million down $15,000 from January 2024.
Solano County’s median sale price for January was $565,000, the lowest in the nine-county Bay Area. The price in December was $570,000 and $570,000 in January 2024.
Santa Clara is in second place with a median of $1.84 million, up more than $100,000 from January 2024. San Francisco’s median was $1.4 million; Marin median was $1.3 million; Alameda was $1.15 million; Napa was $917,000; Sonoma was $811,000; and Contra Costa’s median sale price was $785,000 in January.
The median sales price is the price at which half of the houses in a given area sold for less and half sold for more.
The median sale price in 2022 was $602,000 here in our beloved Solano County. So if energy costs come down as promised, inflation will be curbed, and mortgage rates will come down even further than they have these past few weeks.
This next 90 days should probably be viewed as a real buying opportunity for buyers that have been on the fence this past 12 months. The national average for mortgages as of Feb. 27 is 6.4%.
As Michael Buffer famously says, “let’s get ready to rumble.”
Jim Porter, NMLS No. 276412, is the branch manager of Solano Mortgage, NMLS No. 1515497, a division of American Pacific Mortgage Corporation, NMLS No. 1850, licensed in California by the Department of Financial Protection and Innovation under the CRMLA / Equal Housing Opportunity. Jim can be reached at 707-449-4777.
