Since the middle of 2008, we have been seeing heightened activity in the Napa market.  Year to year, the median and average prices have gone down, but the number of units has gone up. 

In September of 2007, we had 69 closed transactions.  In September of 2008, 104.

In October of 2007, we had 80 closed transactions.  In October of 2008, 126. 

In November of 2007, we had 76 closed transactions.  In November of 2008, 90.

In December of 2007, we had 76 closed transactions.  In December of 2008, 121.

In January of 2008, we had 50 closed transactions.  In January of 2009, 68.

It seems the reduced median/average prices are encouraging buyers to commit.  I've heard from a number of agents around the country that they've also seen an uptick in sales in their markets, despite what the media is telling everyone.  Let's keep up our part of educating the prospective buyers that real estate is local!

 

 
This post has been included in California Information Napa County, CA Information
Post is included in group: The Optimist
Post is included in group: Everything California
Post is included in group: Coldwell Banker Platform for Sharing Information
Post is included in group: Coldwell Banker Group

4 Comments on Seeing Value in the Napa Market

FEB
17
549,178 Points 10 Featured Posts Outside Blog

Our January statistics aren't out yet, but sales were up every month for the last six months of 2008 over 2007, and I suspect January 2009 will be up over 2008. They say what starts in California spreads across the nation....

3:20am • #1
Localism Sponsor

Good to hear that your market is up!  I'm pretty optimistic about 2009! 

11:52am • #2
FEB
26
232,931 Points 1 Featured Post

WOW home sales up in 1/ 09 ... people are buying homes. got to love it. I love reading posts on other parts of country for sales.

9:42pm • #3
Localism Sponsor

This is great.  The median is back to where buyers can afford to get into the market.  Higher inventory so sales have been posting well since mid-July 2008. 

10:30pm • #4

Leave a response…



(optional)
What does the graphic say?
 
Rainmaker_large

Tamara Perlman, Lake Tahoe Truckee CA Real Estate

Truckee, CA

More about me…

Coldwell Banker

Office Phone: (530) 550-1299

Cell Phone: (530) 414-4459

Email Me

Information, Photos and Market stats for Lake Tahoe, Truckee, and Napa, CA. Green products and information. Tamara Perlman's Facebook profile Locations of visitors to this page


Links

Archives

RSS 2.0 Feed for this blog

Find CA real estate agents and Truckee real estate on ActiveRain.