Real estate blog entries tagged with napavalleyaddresscom by Curtis Van Carter, Your Napa Valley Broker Extraordinaire (Better Homes & Gardens Wine Country Group)

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napavalleyaddresscom: Some little known facts about Yountville, the heart of the Napa Valley - 01/31/12 05:26 AM

Every once in awhile, I write a blog about little known past facts about Yountville, were I live and work. I have been here for nearly 35 years and find it fascinating how much history this small Town has. Here again are a few tidbits for your fancy. Cheers from the Napa Valley

The California Veterans Home chose Yountville over several other sites before it opened here in 1884. Before the Veteran's Home was built, Yountville's population was only 150. When the Vintage 1870, now V Marketplace, was first built, wine grapes brought $126 per acre, compared to $9 per acre … (4 comments)

napavalleyaddresscom: Yountville, another Napa Valley town's 2011 real sales statistics - 01/24/12 04:15 AM

Here is another Napa Valley town's 2011 residential real estate sales statistics. This time I have chosen Yountville, arguable the heart of the Napa Valley. Yountville besides being such a gastronomic hot spot has been a place well know and a favorite for both residents and those who purchased second homes here. In my estimation, approximately half who reside here are full time residents, a quarter are second homes and a quarter are rentals.
Also included here is my ongoing tally of the residential sales numbers, number for sale as of January 1st, average & median prices and days on market (DOM) for the past six years.

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napavalleyaddresscom: Upcoming Events in Yountville and Surrounding Napa Valley Areas January 13, 2011 - 01/13/12 04:07 AM

napavalleyaddresscom: Bank of America reduces short sale back-up offer submission period from 14 days to 8 days - 01/12/12 02:39 AM

Short Sale Soundoff: BofA shortens backup offer period
Bank of America has made a change to its short sale process in regards to backup offers. According to BofA, based on agent feedback and to reduce overall cycle times, the bank is reducing the window agents have for submitting a backup offer on a short sale. Instead of 14 days, backup offers must now be submitted within eight calendar days after the initial offer becomes invalid.
When a backup offer becomes necessary, agents should contact their short sale specialist immediately, and let the specialist know if they have a backup offer to … (4 comments)

napavalleyaddresscom: A Silent Napa Valley and Yountville Gem, the Verterans Home of California at Yountville - 01/11/12 06:10 AM

An article by Howard Yune in Sunday's Napa Register, Yountville: Where old vets go to live, reminded me of the many visits I have taken up there. Granted its only one quarter mile away and approximately 100 feet in elevation above my office, but every time I go there I feel as if I am be elevated. Some of visits have been to the Napa Valley Museum, the local Greek Festival at Greek Easter was held there for three years, the wonderful Lincoln Theater and the very thoughtful Verteran's Home Historical Museum of the facility and of many of the Members.
Here are a few facts about the … (0 comments)

napavalleyaddresscom: Yountville, Napa Valley's gastronomic capitial, holds it third annual Movable Feast, come for some great deals - 01/11/12 05:33 AM

I can't think of a better cure for the generally dark and dreary days, and hopefully rainy soon, of January and February this 2012 than with a fresh start in Napa Valley's beautiful Yountville. From now until February 29, the town's third annual Moveable Feast offers visitors and locals alike amazing opportunities to experience its world-class selection of eateries, accommodations and wineries/tasting rooms at unbeatable values. This means indulgent prix-fixe menus, wine tastings and luxury travel packages all to be found in the heart Napa Valley, Yountville.
You can look forward to delicious meals and deals at favorites like Bistro Jeanty, Bouchon Bistro, Hurley's Restaurant and Bar and many others. … (0 comments)

napavalleyaddresscom: Loss in home values for U. S. homeowners continues in 2011, estimate nearly $700 billion - 01/10/12 04:57 AM

U.S. homes set to lose nearly $700 billion in value during 2011
U.S. homes are expected to lose more than $681 billion in value during 2011 – 35 percent less than the $1.1 trillion lost in 2010 – according to analysis of a recent Zillow Real Estate Market Reports.
The bulk of the total value lost during 2011 was in the first half of the year. From January to June, the U.S. housing market lost $454 billion. From July to December, Zillow projects residential home value losses will total a significantly lower $227 billion.
Regionally, only nine out of 128 markets … (2 comments)

napavalleyaddresscom: Home sellers who purchased prior to 2007 are overpricing homes - 01/09/12 05:33 AM

Current home sellers who purchased their home in 2007 or later are overpricing their homes by an average of 14.1 percent, according to analysis of for-sale listings on Zillow. By comparison, sellers who bought before 2002 price their homes about 11.6 percent over market value, and those who bought between 2002 and 2006 price their homes 9.3 percent above market value.
Zillow compared the asking price of 1 million for-sale homes with those homes' previous purchase price, then factored in the change in the Zillow Home Value Index at the ZIP code level to determine that home's current market value.
Zillow … (2 comments)

napavalleyaddresscom: January 9, 2012 Napa Valley and California Fast Facts - 01/09/12 03:16 AM

Napa County Residential Properties including condos/townhomes (Source: BAREIS)
Listed for sale (477): lowest $59,000, highest $29,500,000, average price $1,288,920, median price $599,000, DOM 172 Contingent sale pending (247): lowest $97,500, highest $8,350,000, average price $460,969, median price $325,9500, DOM 155 Sale pending (98): lowest $124,000, highest $1,250,000, average price $343,322, median price $279,474, DOM 80 Sold last 6 months (691): lowest $60,000, highest $9,000,000, average price $490,111, median price $326,900, DOM 116 Calif. median home price: November 2011: $280,960 (Source: C.A.R.)Calif. highest median home price by region/county November 2011: Marin: $736,410 (Source: C.A.R.)Calif. lowest median home price by region/county November 2011: Madera: $103,330 (Source: C.A.R.)
Calif. Pending Home Sales Index: November … (0 comments)

napavalleyaddresscom: Some factors to consider if the housing market is truly bottoming in 2012 and whether to buy or not - 01/08/12 04:42 AM

Five issues for housing in 2012Just as in 2011, in 2012 many will be trying to figure out where housing is headed. While the housing market didn’t worsen in 2011, it also didn’t stabilize either. This year, the story will be about local markets. While many housing markets rose and fell together, they’re recovering at difference paces so talking about housing on a national level is not beneficial.
Making sense of the story
Confidence and jobs: Housing is more affordable than it has been in decades, but many would-be buyers are worried about buying today if prices are going to be … (0 comments)

napavalleyaddresscom: Yountville Weekly Real Estate Update January 7, 2011 - 01/07/12 04:54 AM

Stats for last 7 days
new listing 0, price reduced 0, sale pending 0, sold 0
Median prices, average days on market
current for sale 13 med price $575,000; avg days on market 161
current sale pendings 1 med price $439,500; avg days on market 115
sold in last 6 months 10 med price $541,000; avg days on market 57
Facts, numbers, square footage from BAREIS and/or Napa CountyRealist tax records, accuracy is not guaranteed New Listings none
Price Reductions none
Sale Pendings none
Solds none
… (0 comments)

napavalleyaddresscom: Upcoming Events in Yountville and Surrounding Napa Valley Areas January 6, 2011 - 01/06/12 05:47 AM

This is weekly feature post I will do every Friday to tell you about upcoming events in Yountville and the surrounding areas. Please visit and enjoy one or more of these and tell them Curtis sent you. Thanks!!!!
January 6 -- A Taste Tour of Europe @ Back Room WinesWine Education: Come to Back Room Wines for "A Taste Tour of Europe." Taste and enjoy five great wines from all over the "Old World." From Champagne bubbles to Riesling to Italian reds to Port and who knows what else, you'll travel all over Europe by wine glass. Come take part in the … (2 comments)

napavalleyaddresscom: Now average 735 days to foreclose, plus foreclosure statistics for the nation, Napa Valley, Napa County and the City of Napa - 01/05/12 02:50 AM

At my office meeting yesterday, the management showed us the following slide presentation on foreclosures from ForeclosureRadar.com C.A.R. The presentation had some interesting facts for national foreclosures but broke it down for what is happening the Napa Valley areas including the Napa County and the City of Napa .
Here are few of the highlights, please note some the graphs may seem duplicated but both City of Napa and Napa County are included:
Average time nationwide to foreclose is now 735 days Nationwide delinquencies, now 7.6% of housing stock, and foreclosures trending down 2.2 home nationwide under water and 900,000 homeowners have stopped making payments In California there are quite … (0 comments)

napavalleyaddresscom: Finally some good news about real estate sales in California and here in the Napa Valley - 01/04/12 04:28 AM

The total number of residential sales in the Napa Valley for 2011 is 1,429 which is 6.5 percent increase over last year. Below is a ten year look at residential sales in Napa County.

California pending home sales post higher for seventh straight monthCalifornia pending home sales fell 9.1 percent in November but were up from a year ago, according to C.A.R.’s Pending Home Sales Index (PHSI)*. The index was 109.8 in November, based on contracts signed in that month, down from October’s index of a revised 120.9. However, the index was up 11 percent from November 2010, marking the seventh consecutive … (0 comments)

napavalleyaddresscom: Upper Napa Valley residential home sales for fourth quarter 2011 - 01/03/12 06:55 AM

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napavalleyaddresscom: Some good advice for borrowers who are behind on their home mortgage payments - 01/03/12 06:02 AM

Getting back in the blackMore than 2.6 million households are at least 60 days delinquent on their mortgage payments, according to the nonprofit coalition Hope Now. While those who are delinquent 60-120 days can make back payments to help them become current, those who are more than two months behind may need to employ other means to catch up.
Making sense of the story
Beyond the obvious threat of foreclosure, falling behind on a mortgage can be costly: Lenders charge late fees as well as legal and administrative costs, and the borrower’s credit score will suffer. Experts say the sooner a … (1 comments)

napavalleyaddresscom: January 1, 2012 Continued Tracking of Napa Valley Distressed Properties in the $800,000 to $2M Range, now 8 of 58 - 01/02/12 05:09 AM

This is the continued tracking, started in July 2009, of the number of distressed sales (in foreclosure, a short sale or a bank owned property) for homes priced from $800,000 to $2,000,000 in the up valley region of the Napa Valley. By up valley I mean the Cities of St. Helena, Calistoga, Angwin, Deer Park, Oakville, Rutherford and the Town of Yountville and only those listed in BAREIS, my MLS. Today there are 8 distressed sales of 58 active listings in this price range with two of these in escrow, compared to 6 of 74 on December 1 st. Three of these … (3 comments)

napavalleyaddresscom: My history with Yountville, the heart of the Napa Valley - 01/01/12 04:07 AM

Here is a link to a .pdf if this is not legible, Yountville a Personal Perspective
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napavalleyaddresscom: Yountville Weekly Real Estate Update December 31, 2011 - 12/31/11 03:37 AM

Stats for last 7 days
new listing 0, price reduced 0, sale pending 0, sold 0
Median prices, average days on market
current for sale 13 med price $575,000; avg days on market 154
current sale pendings 1 med price $439,500; avg days on market 115
sold in last 6 months 10 med price $541,000; avg days on market 57
Facts, numbers, square footage from BAREIS and/or Napa County Realist tax records, accuracy is not guaranteed New Listings none
Price Reductions none
Sale Pendings none
Solds none
… (4 comments)

napavalleyaddresscom: Upcoming Events in Yountville and Surrounding Napa Valley Areas December 30, 2011 - 12/30/11 05:17 AM

This is weekly feature post I will do every Friday to tell you about upcoming events in Yountville and the surrounding areas. Please visit and enjoy one or more of these and tell them Curtis sent you. Thanks!!!!
December 30 -- New Year's Sparkling Wine Tasting at Back Room Wines Wine Education: Start ringing in 2012 with a tasting of six sparkling wines from around the world at Back Room Wines. Champagne, Cava, California Sparkling, Sekt, etc...the world is full of delicious "bubbles." Enjoy all the bubbles we pour you, and find one or two to enjoy the next night: NEW YEARS EVE! … (1 comments)

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