Napa Valley and California Real Estate Fast Facts July 17, 2012

By
Real Estate Agent with Coldwell Banker Brokers of the Valley, Yountville Napa Valley

Napa Valley and California Real Estate Fast Facts including short sales and bank owned (REO)

Napa County Residential Properties including condos/townhomes/manufactured homes (Source: BAREIS)

  • Listed for sale (459): lowest $108,750, highest $35,000,000, average price $1,958,881, median price $849,000, DOM 155
  • Contingent sale pending (314): lowest $40,000, highest $3,995,000, average price $449,067, median price $331,450, DOM 135
  • Sale pending (104): lowest $79,500, highest $7,495,000, average price $577,007, median price $359,000, DOM 120
  • Sold last 6 months (801):  lowest $38,500, highest $11,000,000, average price $449,067, median price $345,000 DOM 118
  • Total of all categories above: 1,677; 469 are short sales 30.0%; 225 are REO’s 13.4%; total 694 distressed properties 41.4%

Calif. median home price: May 2012: $312,110 (Source: C.A.R.)
Calif. highest median home price by region/county May 2012: Marin, $791,670 (Source: C.A.R.)
Calif. lowest median home price by region/county May 2012: Merced, $119,410 (Source: C.A.R.)

Calif. Pending Home Sales Index: May 2012: 128.8, unchanged from April. 
 
Calif. Traditional Housing Affordability Index: First quarter 2012: 56 percent (Source: C.A.R.)

Mortgage rates: Week ending 7/5/2012 30-yr. fixed: 3.62% fees/points: 0.8% 15-yr. fixed: 2.89 fees/points: 0.7% 1-yr. adjustable: 2.68% Fees/points: 0.5% (Source: Freddie Mac)

Napa Valley and California Real Estate Fast Facts including short sales and bank owned (REO) 

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If I can help you find the perfect Napa Valley property, please contact me

Your Napa Valley Broker Extraordinaire, selling Real Estate here from its heart, Yountville

My website & blog: www.NapaValleyAddress.com

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Rainmaker
997,490
Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi Curtis, always enjoy viewing information on other communities...Thanks for sharing with us.

Jul 17, 2012 12:12 PM #1
Rainmaker
590,508
Curtis Van Carter
Coldwell Banker Brokers of the Valley, Yountville Napa Valley - Yountville, CA
Napa Valley's Broker Extraordinaire in Yountville

Ronald

I agree, always nice to know what's going elsewhere. cheers cvc

Jul 17, 2012 01:51 PM #2
Rainmaker
1,201,961
Robert (Bob) Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX Real Estate Expert

Curtis,

Nice post of your market report for the area. I am unsure how the California Affordability index works.

Jul 17, 2012 04:34 PM #3
Ambassador
959,356
John McCormack
Albuquerque Homes Realty * www.AlbuquerqueHomes.com - Albuquerque, NM
AlbuquerqueHomes.com, Albuquerque Homes Realty

Curtis your knowledge of the Napa Valley California real estate beams in your market report.  Anyone looking for a Realtor® in your area would certainly be wise to contact you for all their Napa Valley real estate needs.

Jul 17, 2012 04:34 PM #4
Rainmaker
715,782
Yolanda Cordova-Gilbert
David Weekley Homes - Katy, TX
David Weekley Homes in Cinco Ranch

Curtis,

          What a range, you never know Bob and I may move out there and I will sell wine....I hope you are having a terrific week my friend, I totally agree with John above!

Jul 17, 2012 05:21 PM #5
Rainmaker
590,508
Curtis Van Carter
Coldwell Banker Brokers of the Valley, Yountville Napa Valley - Yountville, CA
Napa Valley's Broker Extraordinaire in Yountville

Hi

I don't know where I would be without the three of your's friendship. Next time any of you get here, drinks are on me, cheers cvc

Jul 18, 2012 07:01 AM #6
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Rainmaker
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Curtis Van Carter

Napa Valley's Broker Extraordinaire in Yountville
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