home values: Napa Valley 2011 to 2012 average and median residential home prices for what sold here
- 01/28/13 04:38 AM
I read the following in the Napa Register yesterday. When I ran the numbers for a post I did about whether it was better to buy or rent here in the Napa Valley, I came up with a 7.23 percent increase in the median sales price for 2012 compared to 2011 for all Napa County residential sales reported in my local MLS. Given the large difference between my median sales price increase and the average report in the Register, I decided to rerun the numbers and did so for both the median and average prices and see what I get. For those that wonder, The average price … (6 comments)
home values: How much will your Napa Valley home appreciate in 2013?
- 01/21/13 09:50 PM
The CoreLogic Home Price Index (HPI), which is based on repeat sales, increased 7.5 percent in 2012, the largest increase since 2006. In 2013, CoreLogic projects home prices to rise 6 percent due to greater affordability fueling steady demand, a lower level of real estate-owned (REO) sales and a low inventory of unsold homes. I just took a look at the at the stats for Napa County and the median sales price for December 2011 to 2012 rose 7.22 percent and the year over year increase for 2011 to 2012 was 7.23 percent. I agree one should expect a similar … (5 comments)
home values: Some considerations to keep in mind when comparing your home value to what an appraiser sees
- 08/21/12 03:56 AM
If I can help you find the perfect Napa Valley property, please email me Curtis@NapaValleyAddress.com When it comes to assessing a home’s value, homeowners tend to be overly optimistic. However, appraisers are much more cautious, as they have to predict a realistic value for the home that the bank can use to extend credit to a buyer. There are five areas where homeowners often misjudge the worth of their abode: The outside, basic systems, the basement, the market, and a remodel. On the outside, if an appraiser sees overgrown bushes and chipped paint, he is likely to slice as much as 3 percent … (8 comments)
home values: California post first gain in 16 months for year over year home sales in March
- 04/23/12 02:42 AM
First gain for California home prices in 16 months The median price for an existing, single-family home in California rose 1.6 percent in March compared with the year before, marking the first year-over-year increase in 16 months, the CALIFORNIA ASSOCIATION OF REALTORS® reported Monday.Making sense of the story The statewide median price of an existing, single-family detached home jumped 9.2 percent to $291,080 in March from February’s $266,660 median price and was up 1.6 percent from a revised $286,550 recorded in March 2011. The month-to-month increase was the largest since March 2004. Closed escrow sales of existing, single-family detached homes in … (4 comments)
I read the following in the Napa Register yesterday. When I ran the numbers for a post I did about whether it was better to buy or rent here in the Napa Valley, I came up with a 7.23 percent increase in the median sales price for 2012 compared to 2011 for all Napa County residential sales reported in my local MLS. Given the large difference between my median sales price increase and the average report in the Register, I decided to rerun the numbers and did so for both the median and average prices and see what I get.
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