The first quarter of 2018 saw a continued increase in the value of American Canyon homes, according to data reported to Bay Area Real Estate Information Services multiple listing service.
Thirty-two homes sold between January 1 and March 31, 2018, slightly fewer than the 34 homes that sold in the same period of 2017.
The average sale price for newer homes — those built since 2000 — was 8.5 percent higher. For older homes it was 5 percent higher than the previous year.
Homes sold more quickly during the first three months of 2018 with an average of 61 days on market, compared to 66 days on market in 2017.
In 2017, the average American Canyon home sale price was $454,444, a 60 percent increase over the market low average price of $289,081 in 2011.
The most recent highest value sale was a 4,500 square foot home in the Dolcetto community of Vintage Ranch, which sold for $756,000.
The news has been mostly positive for home owners as home values have recovered since the recession, and most have equity in their homes again.
There is currently a shortage of homes for sale, and homes are selling quickly. American Canyon is still a very desirable area for family homes offering exceptional value for money.
A newer 3,000 square foot home can currently be purchased for $645,000-$685,000, compared to $845,000-$945,000 for a similar home in Napa, or a new 3,000 square foot home on Mare Island for $890,000.
Any homeowner who is considering the sale of their home should consult a local Realtor for a current valuation of their property.