Here is the latest update on the market in the Napa Valley, inclusive of American Canyon, Napa, Yountville, St. Helena up to Calistoga. This is delivered in a "hotsheet" format.
The market was rushed this week with buyers trying to get offers accepted prior to the end of business day April 30; in order to take advantage of the Federal Tax Credit. I read somewhere this weekend that 65% of the buyers out there were always intending to buyer with or without the credit. Good for them.
New Listings: 41 Price Reductions 51
Under contract: 46 Pending offers: 17
Sold, Closed: 22 Homes back on market: 24
The lowest new listing was in Napa at $169,000, 1/1 584 sq. ft. older home
The highest new listing was in St. Helena, 10 acres, 8000 Sq. ft. 8/10 priced at $28 Million
The lowest priced closed sale was in Napa, South east side, $239,000 3/2 1232 sq. ft.
The highest priced closed sale was in Napa on Green Valley Road, $3.9 million, 4/3 3055 Sq ft, 20 acres
Anything under $400,000 is moving along. The upper end has a pulse. There are many many great deals to be had between $700,000 and $1.6 million. I know this sound strange or off but we have a cross sections of homes, land, estates, from Calistoga to Napa, Country Club, large and small to choose from in these price ranges. We have not had that opportunity for a buyer in decades.
Have a good week. Cheers,
Stefan Jezycki in Napa Valley CA