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