Foreclosures occur across all states and cities. NO city is immune to people losing their home. Napa is a sought after location to live and work. Foreclosures do happen in Napa.
So what is happening in Napa? This information is for the city of Napa, not to be confused with the entire Napa Valley real estate market. As of Bay Area Real Estate Information Service 12/10/2007, there are 536 homes for sale. The median price is $536,000 for homes listed for sale. The price of homes for sale range from a low of $12,000 to a high of $11,425,000!!
How does this compare to foreclosed homes for sale in Napa? These homes are bank owned and the banks have contracted with Realtors to sell the homes in their inventory. Banks are not in the ownership or rental business. They have to get these sold. As of 12/10/2007 per the Bay Area Real Estate Information Service, Napa has 21 homes listed as foreclosures. The median price for a foreclosed property for sale is $452,900. The lowest price is $274,500 and range up to $921,500.
Napa has a rich supply of housing to meet the most discriminating buyer's wants. Historical homes, bungalows, contemporary, traditional to name a few. Close to the wineries, commutable to San Francisco, a day's trip to Lake Tahoe, Napa is an ideal choice to consider.