Napa Valley Market Snapshot, April 26 - May 2 Weather is Stunning

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

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

Comments (3)

Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

I found your report interesting, especially that you're finding the luxury segment does actually have a pulse!   Your remarks seem to be mirrored in my secondary home/discretionary marketplace, too.

May 03, 2010 11:32 AM
Steven Nickens
Hawaii Life Real Estate Brokers - Wailea, HI
R(S)GRI ABR, Maui Real Estate Hawaii

Thanks for the update, hope business is good.

May 03, 2010 06:48 PM
Carra Riley & Declan Kenyon
Brokers Guild Cherry Creek Ltd - Westminster, CO
Helping people Transition at all ages!

Stefan....Your report shows your market is purring along - that's great!  Having such a range of properties for buyers is wonderful.

cosmic cow

May 04, 2010 06:11 AM