Napa Valley Market Snapshot, April 19 - 25

Real Estate Agent with Pacific Union International - Christie's Great Estates

What a interesting week. We have had cold wind, heavy rain, 70's and just alround pleasant weather week. The market is healthy. The inventory below $400,000 is still tight and dominated by short sales and REO's. It is a great time to buy when looking to purchase a country home or neighborhood home between $600,000 and $800,000. I can show you custom homes, 1, 2 and 5 acres parcels with vineyard views and a pretty nice home with pool to boot. These homes were priced in the high $900,000 up to $1.2 in some areas.

Markey Update, hotsheets:

New Listings:             56                                Price Reductions:              48

New Under contract:   36                                Pending Sales:                 23

Sold, closed:            22                                 Back on the market:        16

Low New Listing:       $143,000 in Napa, 3/1 855 sq. ft., built in 1940's, slight fixer

High New Listing:     $6.5 Million in St. Helena 1/1 on 23 acres, vineyards

                             $5.5 Million in Napa, 15 acres, developement property with a few nice homes

Low Sale:               $159,000 in Napa, 3/2 1189 sq. ft., in the flood zone, REO

High Sale:              $1.4 million, St Helena 2/3 1900 sq. ft. on a 5700 sq ft lot


Have a great week.

Stefan In Napa Valley, CA

Comments (1)

Carra Riley & Declan Kenyon
Brokers Guild Cherry Creek Ltd - Westminster, CO
Helping people Transition at all ages!

Stefan....Nice to hear that your area has good activity.  Best wishes for continued success!

cosmic cow

Apr 25, 2010 07:53 AM