Yountville, Napa Valley, Weekly Real Estate Update February 1, 2012 

Stats for last 7 days

new listing 2, price reduced 3, sale pending 1,  sold 1

Median prices, average days on market

current for sale           15 med price $609,000; avg days on market 133

current sale pendings  2  med price $491,750; avg days on market 251

sold in last 6 months    7 med price $529,500; avg days on market 83

New Listings

1894 Larkspur St, Yountville, CA 94599 (MLS # 21202707)

Great remodeled home features a beautiful Kitchen and open layout. The large back yard has a detached shed that makes a great office. Located just blocks from restaurants and shops. Cute park across the street.

Property Type(s): Residential, Single Family

Last Updated	2/4/2012	Tract	n/a
Year Built	1973	Community	Yountville
Garage Spaces	n/a	County	Napa
Total Parking	n/a	Walk Score ®	60

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by Cyndi Gates, Gates Estates

(view all details for MLS #21202707)

1881 Larkspur St, $580,000, 4 br 3 ba, 2,202 sf

Price Reductions

7 Jasmine St, Yountville, CA 94599 (MLS # 21124845)

Wow! Affordable single story 2 bdrm, 1 bath Yountville home. New carpet, new interior paint, attached garage, and more!

Property Type(s): Residential, Single Family

Last Updated	2/3/2012	Tract	n/a
Year Built	1998	Community	Yountville
Garage Spaces	1.0	County	Napa
Total Parking	1	Walk Score ®	49

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by Doug Solwick, Advantage One Real Estate

(view all details for MLS #21124845)

6600 Yount St, Yountville, CA 94599 (MLS # 21126004)

Wonderful low maintenance home with all the amenities you need for wine country living: travertine entry, 2 bedrooms, granite kitchen counters w/stainless appliances, private patio, enclosed garage, sparkling pool. Vineyard walks and strolls to famous local restaurants/shopping. Easy access to Hwy 29.

Property Type(s): Residential, Condo/Coop

Last Updated	2/1/2012	Tract	n/a
Year Built	1989	Community	Yountville
Garage Spaces	n/a	County	Napa
Total Parking	n/a	Walk Score ®	75

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by Linda Alioto, Wine Country Group Realtors by Better Homes & Gardens

(view all details for MLS #21126004)

MLS # 21201836 in Yountville, CA 94599

Rare customized single level within walking distance to all of Yountville's fabulous restaurants, wineries & shops. Across from the park, yet private & tucked away. Hardwood flrs in entry, crown molding, formal dining & kitchen. Open, spacious great room. Large master bdrm w/remodeled bath, sep jetted tub/shower, Large secondary bdrm, smaller 3rd bdrm/office. Deck off kitchen/DR & private patio off master to watch Hot Air Balloons in the morning

Property Type(s): Residential, Single Family

Last Updated	2/3/2012	Tract	Hamilton Sub
Year Built	1992	Community	Yountville
Garage Spaces	n/a	County	Napa
Total Parking	n/a	Walk Score ®	48

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by Russell Banta, Show Napa

(view all details for MLS #21201836)

Sale Pendings

1892 Larkspur St, Yountville, CA 94599 (MLS # 21118553)

Great 3bdrm/2ba one story home just around the corner from Bistro Jeanty & Bouchon Bakery. Create a vegetable garden in your sunny backyard and enjoy the Napa Valley lifestyle. The beautiful remodeled kitchen will inspire your cooking and entertaining skills while friends and family gather in the great-room. French doors open out to patio and backyard. Hardwood floors through-out. Come Home to Napa Valley!

Property Type(s): Residential, Single Family

Last Updated	2/3/2012	Tract	n/a
Year Built	1974	Community	Yountville
Garage Spaces	n/a	County	Napa
Total Parking	n/a	Walk Score ®	65

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by Marcia Roman, Coldwell Banker BofV ST Helena

(view all details for MLS #21118553)

Solds

1890 Oak Cir, $450,000, 3 br 2 ba, 1,763 sf

Thank you for reading this post. If I can ever be of help in finding you the perfect property here in the Napa Valley, please email me at Curtis@NapaValleyAddress.com

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

My website & blog: www.NapaValleyAddress.com

Napa Valley and California Real Estate Fast Facts

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

• Listed for sale (477): lowest $69,900, highest $29,500,000, average price $1,217,949, median price $597,100, DOM 163
• Contingent sale pending (259): lowest $95,000, highest $5,900,000, average price $457,181, median price $339,000, DOM 149
• Sale pending (104): lowest $79,500, highest $1,995,000, average price $344,644, median price $274,450, DOM 82
• Sold last 6 months (680):  lowest $60,000, highest $9,000,000, average price $498,186, median price $332,184 DOM 121

Calif. median home price: December 2011: $285,920 (Source: C.A.R.)
Calif. highest median home price by region/county December  2011: Marin: $693,880 (Source: C.A.R.)
Calif. lowest median home price by region/county December 2011: Madera: $106,000 (Source: C.A.R.)

Calif. Pending Home Sales Index: December 2011: 91.6, an increase from the revised 82.5 recorded in December 2010

Calif. Traditional Housing Affordability Index: Third quarter 2011: 52 percent (Source: C.A.R.)

Mortgage rates: Week ending 1/26/2012 30-yr. fixed: 3.98% fees/points: 0.7% 15-yr. fixed: 3.24 fees/points: 0.8% 1-yr. adjustable: 2.74% Fees/points: 0.6% (Source: Freddie Mac)

Thank you for reading this post. If I can ever be of help in finding you the perfect property here in the Napa Valley, please email me at Curtis@NapaValleyAddress.com

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

My website & blog: www.NapaValleyAddress.com

Yountville, Napa Valley, Weekly Real Estate Update February 1, 2012 

Stats for last 7 days

new listing 2, price reduced 1, sale pending 0,  sold 0

Median prices, average days on market

current for sale           15 med price $609,000; avg days on market 144

current sale pendings  1  med price $408,500; avg days on market 292

sold in last 6 months    6 med price $541,000; avg days on market 77

New Listings

1881 Larkspur St, $580,000, 4 br 3 ba, 2,202 sf

MLS # 21201836 in Yountville, CA 94599

Rare customized single level within walking distance to all of Yountville's fabulous restaurants, wineries & shops. Across from the park, yet private & tucked away. Hardwood flrs in entry, crown molding, formal dining & kitchen. Open, spacious great room. Large master bdrm w/remodeled bath, sep jetted tub/shower, Large secondary bdrm, smaller 3rd bdrm/office. Deck off kitchen/DR & private patio off master to watch Hot Air Balloons in the morning

Property Type(s): Residential, Single Family

Last Updated	2/3/2012	Tract	Hamilton Sub
Year Built	1992	Community	Yountville
Garage Spaces	n/a	County	Napa
Total Parking	n/a	Walk Score ®	48

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by Russell Banta, Show Napa

(view all details for MLS #21201836)

Price Reductions

44 Lande Way, Yountville, CA 94599 (MLS # 21201415)

Yountville Square. Private corner lot with mountain views. Just blocks to town. This Craftsman home features an open floor plan with large French doors in kitchen/great room that open up to a custom stone patio with custom landscape lighting to accent all trees, plants and fountain. A reinforced concrete pad was added for a future outdoor kitchen. Chef's kitchen with granite countertops and stainless appliances. Plantation shutters throughout.

Property Type(s): Residential, Single Family

Last Updated	2/3/2012	Tract	n/a
Year Built	2006	Community	Yountville
Garage Spaces	2.0	County	Napa
Total Parking	4	Walk Score ®	63

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by Douglas Seiler, Seiler Real Estate & Mortgage

(view all details for MLS #21201415)

Sale Pendings none

Solds none

Thank you for reading this post. If I can ever be of help in finding you the perfect property here in the Napa Valley, please email me at Curtis@NapaValleyAddress.com

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

My website & blog: www.NapaValleyAddress.com

Here is another Napa Valley town’s 2011 residential real estate sales statistics. This time I have chosen Yountville, arguable the heart of the Napa Valley. Yountville besides being such a gastronomic hot spot has been a place well know and a favorite for both residents and those who purchased second homes here. In my estimation, approximately half who reside here are full time residents, a quarter are second homes and a quarter are rentals.

Also included here is my ongoing tally of the residential sales numbers, number for sale as of January 1st, average & median prices and days on market (DOM) for the past six years.

 Thank you for reading this post. If I can ever be of help in finding you the perfect property here in the Napa Valley, please email me at Curtis@NapaValleyAddress.com

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

My website & blog: www.NapaValleyAddress.com

Stats for last 7 days

new listing 1, price reduced 2, sale pending 0,  sold 0

Median prices, average days on market

current for sale           13 med price $609,000; avg days on market 154

current sale pendings  1  med price $408,500; avg days on market 281

sold in last 6 months    8 med price $558,750; avg days on market 63

New Listings

44 Lande Way, Yountville, CA 94599 (MLS # 21201415)

Yountville Square. Private corner lot with mountain views. Just blocks to town. This Craftsman home features an open floor plan with large French doors in kitchen/great room that open up to a custom stone patio with custom landscape lighting to accent all trees, plants and fountain. A reinforced concrete pad was added for a future outdoor kitchen. Chef's kitchen with granite countertops and stainless appliances. Plantation shutters throughout.

Property Type(s): Residential, Single Family

Last Updated	2/3/2012	Tract	n/a
Year Built	2006	Community	Yountville
Garage Spaces	2.0	County	Napa
Total Parking	4	Walk Score ®	63

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by Douglas Seiler, Seiler Real Estate & Mortgage

(view all details for MLS #21201415)

Price Reductions

23 Forrester Ln, Yountville, CA 94599 (MLS # 21115936)

This delightful pied a terre, located in charming Yountville has many uses. Downsizing, weekend getaway, or just plain easy living. Neat and clean, this quaint home has low maintanence mature gardens and no rear neighbors. A peaceful and quiet neighborhood setting within walking distance to downtown. Very delightful!

Property Type(s): Residential, Single Family

Last Updated	1/15/2012	Tract	n/a
Year Built	1998	Community	Yountville
Garage Spaces	1.0	County	Napa
Total Parking	1	Walk Score ®	62

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by Tracy Warr, Coldwell Banker B of V-Napa

(view all details for MLS #21115936)

19 Forrester Ln, Yountville, CA 94599 (MLS # 21122817)

Adorable Yountville Cottage! You will love welcoming guests from your inviting front porch and entertaining will be a breeze in the delightful rear yard complete with picket fence and rose garden. Sparkling hardwood floors, soaring ceilings, sky lights and so much more! You don't want to miss this one!

Property Type(s): Residential, Single Family

Last Updated	1/16/2012	Tract	n/a
Year Built	1998	Community	Yountville
Garage Spaces	n/a	County	Napa
Total Parking	n/a	Walk Score ®	62

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by Carolyn Roberts, Coldwell Banker B of V-Napa

(view all details for MLS #21122817)

Sale Pendings none

Solds none

Thank you for reading this post. If I can ever be of help in finding you the perfect property here in the Napa Valley, please email me at Curtis@NapaValleyAddress.com

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

My website & blog: www.NapaValleyAddress.com

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

• Listed for sale (482): lowest $59,000, highest $29,500,000, average price $1,261,887, median price $612,000, DOM 170
• Contingent sale pending (257): lowest $109,200, highest $8,350,000, average price $481,165, median price $338,000, DOM 148
• Sale pending (106): lowest $97,500, highest $1,250,000, average price $317,169, median price $272,000, DOM 91
• sold last 6 months (684):  lowest $60,000, highest $9,000,000, average price $495,072, median price $326,450, DOM 118

Calif. median home price: December 2011: $285,920 (Source: C.A.R.)
Calif. highest median home price by region/county December  2011: Marin: $693,880 (Source: C.A.R.)
Calif. lowest median home price by region/county December 2011: Madera: $106,000 (Source: C.A.R.)

Calif. Pending Home Sales Index: November 2011: 109.8, an increase of 11 percent compared with the prior year.
 
Calif. Traditional Housing Affordability Index: Third quarter 2011: 52 percent (Source: C.A.R.)

Mortgage rates: Week ending 1/12/2012 30-yr. fixed: 3.89% fees/points: 0.7% 15-yr. fixed: 3.16 fees/points: 0.8% 1-yr. adjustable: 2.76% Fees/points: 0.6% (Source: Freddie Mac)

Thank you for reading this post. If I can ever be of help in finding you the perfect property here in the Napa Valley, please email me at Curtis@NapaValleyAddress.com

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

My website & blog: www.NapaValleyAddress.com

This is weekly feature post I will now do every Thursday to tell you about upcoming events in Yountville and the surrounding areas. This way readers have a little more time to plan to attend one of these events. Please visit and enjoy one or more of these and tell them Curtis sent you. Thanks!!!!

• January 18 – 22 – The American Institute of Wine & Food 2012
  Wine Education:The grand Savor Wine Country special events include: exclusive tours and wine tastings, private chefs dinners at restaurants, cooking classes and the Celebration Dinner and Auction with guest of honor Margrit Mondavi. 1314 McKinstry Street, Napa
  Fee: varies; $65 – $300 Time: varies; evening dinners and day events Phone Number: (415) 781-5700
• January 19 – An Evening with Ron Kauk @ Velo Vino
  Lecture: An evening with Ron Kauk, Hosted by Gary Erickson founder of Clif Bar and Clif Family Winery. The evening will include a slide show of Ron’s epic climbs and Winemaker Bruce Regalia will be here to talk about the Climber Limited blend. Enjoy light appetizers and great wine! 709 Main St., St. Helena
  Fee: Free to attend, $5 wine by the glass Time: 6:00 – 8:00pm Phone Number: 707-968-0625
• January 19 – World Cheese Tour Guided Tasting
  Food Education: Join San Francisco Chronicle cheese columnist Janet Fletcher in this sit-down guided tasting of seven exceptional French artisan cheeses–paired with French wine, of course. Become a more discriminating cheese buyer and taster in this fun class led by a noted cheese authority. 776 Technology Way, Napa
  Fee: $45 Time: 6 p.m. – 8 p.m. Phone Number: 707-265-0404
• January 19 – 29 – Fully Committed
  Performing Arts: Perfect for the foodie Napa Valley, “Fully Committed” is a one-man show about the high end restaurant biz featuring well-known Bay Area actor Dan Saski bringing his skills to portraying 40 characters in this hilarious romp. 1637 Imola Ave., Napa
  Fee: $20 general, $18 students/seniors Time: 8:00-10:00pm Phone Number: 707-255=5483
• January 19 – Cigar Social at Baker Street Downtown
  Celebration: Celebrate the New Year with us at Baker Street Downtown! Our first cigar social for 2012 features H. Upmann 1844 Reserve Cigars and Farmers Organic Gin. Hors d’œuvres, great deals, prizes, and specials mixed with good old fun and camaraderie. Bring a friend too! RSVP 707-255-4434. 1018 1st Street (at Main), Napa
  Fee: Free Time: 6:00-9:00pm Phone Number: 707-255-4434
• January 19 – Is it a WHITE wine or a RED wine?
  Wine Education: Think you can tell a white wine from a red wine? Of course you can! But what if you couldn’t SEE them? Come to Back Room Wines tonight and find out. We will serve you three pairs of wine in black stemware. Each pair will have one white wine and one red wine. Can you tell which is which? Guess correctly all three times and win a prize. 1000 Main Street, Napa CA
  Fee: $15 Time: 5pm-8pm Phone Number: 707-226-1378
• January 20 – 21 – Swirl & Sip Petite Syrah Release
  Wine Education: Celebrate Nichelini’s first wine release of the New Year!–our famous, limited production Petite Sirah (104 cases). Unique food pairings specially created by Leona Marini, 4th generation Nichelini. 2950 Sage Caynon Road, St. Helena
  Fee: Free Time: 11 a.m. – 5 p.m. Phone Number: 707-963-0717
• January 20 – Lucinda Williams @ Uptown Theatre
  Live Music: Williams’ voice is unmistakable. It’s a voice that conveys experience without world-weariness, purity of spirit without naiveté. 1350 Third St., Napa
  Fee: $50 Time: 8 p.m. Phone Number: 707-259-0123
• January 20 – An Intimate Evening with Vi Bottaro
  Lecture: Join us for “An Evening with the Artist: Vi Bottaro”. Visitors can hear how Vi started her photography career and learn about the complicated process of capturing the perfect image. Reservations are required. Napa Valley Museum, 55 Presidents Circle, Yountville CA
  Fee: $10/$5 Members Time: 5:30pm -7:30 pm Phone Number: 707-944-0500
• January 20 – 22 – Robbie Burns Weekend at the Cedar Gables Inn 
  Celebration: The Robbie Burns Weekend is a celebration of the life & poetry of the Scottish poet Robert Burns. The weekend is punctuated by the Burns supper. We will be having fun spouting Robbie Burns Poems, eating lots of great food, drinking fabulous wine, eating dessert, and of course, drinking Scotch. 486 Coombs Street, Napa CA
  Fee: $874 – $1043 for 2, includes tax Time: Check-in 3pm Friday/Check-Out 11am SundayPhone Number: 707-224-7969
• January 20 – Pre-ZAP Zin Tasting at Back Room Wines
  Wine Education: Come to Back Room Wines and taste Zinfandel! The annual (ZAP) tasting in San Francisco is coming up. Whether or not you are going, join us for this tasting and we’ll provide you with all you need to know about this most Californian grape. Enjoy the quality and differences in personality between Zins from Napa, Sonoma, Lake & Amador counties. 1000 Main Street, Napa CA
  Fee: $15 Time: 5pm-8pm Phone Number: 707-226-1378
• January 20 – Benessere Vineyards dinner at Tra Vigne
  Winemaker Diner: Winemaker Jack Stuart and Certified Sommelier Eric Hensel, will lead a tasting of Benessere Vineyards’ wines and the Napa Rocks presentation about Napa Valley’s terroir. Benessere’s Italian varietals are paired with Tra Vigne’s Italian food. RSVP by January 16 to Kimberlina Carpenter, 707/963-5853. 1050 Charter Oak Ave., St. Helena
  Fee: $95 Time: 7:00 pm Phone Number: 707/963-5853
• January 20 – Brown Bag Blind Tasting at Girard Winery
  Wine Education: Brown Bag Blind Tasting: Come try an array of wines and test your sommelier skills. A specialized menu and awesome prizes. 6795 Washington St., Yountville
  Fee: $25 Time: 7 p.m. – 9 p.m. Phone Number: 707.968. 9297×18
• January 20 – Oxbow Market Tour and Cooking Class
  

  Oxbow Public Market

  Food Education: Cooking with Julie. We meet at Oxbow Public Market to purchase our provisions, then a private tasting and then back to the kitchen for a hands-on cooking class. Apple, pear and walnut salad with blue cheese and zinfandel dressing, flounder, spaghetti squash, walnuts and sherry sauce, pink grapefruit sorbet.
  Fee: $215 Time: 8:45am-4:30pm Phone Number: 707-227-5036

• January 21 – Bourassa Dinner at Restaurant Cuvee 
  Wine & Food Education: Celebrating our 10th anniversary 4 Course Dinner prepared by Executive Chef Jordan Mackey Limited to 30 guests. Gift for each couple attending. Res 707-254-4922 Limousine Res- KMA Limo – 707-249-4477 Mention Cuvee Wine Dinner to receive KMA Dicount.
  Fee: $90. per person Time: 6:30pm – 10 pm Phone Number: 707-254-5922
• January 21 – Vintage Sports Boosters Annual Crab Feed
  Benefit, Auction: Crab & Pasta Feed benefits Vintage High School athletics. Held at the Chardonnay Hall, Napa Expo. This fundraiser in support of all sports at Vintage will feature live and silent auction items and live music from WonderBread 5.
  Fee: $65 per person Time: 6 p.m. Phone Number: (707) 480-7221
• January 21 – Ode to Crab and Chardonnay @ St. Clement Winery
  Food & Wine Education: Enjoy a delightful afternoon in the Winemaker’s Lounge of St. Clement with tasty bites of local Dungeness crab tarts, wontons and ceviche shots paired with St. Clement Chardonnays, highlighting our winery exclusive Abbott’s Vineyard Chardonnay. We’ll also feature crab bites paired perfectly with our flagship Cabernet, Oroppas. 2867 St. Helena Highway North, St. Helena
  Fee: $35, $15 for wine club members Time: 1 p.m. – 4 p.m. Phone Number: 866-877-5939
• January 21 – Pork & Pinot @ TopFlight
  Food & Wine Education: Pork & Pinot Hosted by Kevin & Anne Murphy, Owner and Winemakers from Destino Wines. Enjoy pulled pork sliders while Kevin and Anne share the Destino story. 1285 Napa Town Center, Napa
  Fee: $15 Time: 6-8 P.M. Phone Number: 707-258-9450
• January 21 – Cabernet Bosché Release Party @ Freemark Abbey
  Wine Education: Join us to celebrate the latest release of our exclusive single-vineyard designate, the 2007 Cabernet Bosché. We will pour the newly released vintage and say farewell to the 2006 release. Enjoy small bites served with a delicious selection of Freemark Abbey wines! 3022 St. Helena Hwy, N, St. Helena
  Fee: $20 Time: 1 p.m. – 4 p.m. Phone Number: (800) 963-9698 x3707
• January 23 – Robben Ford @ Napa Valley Opera House
  Live Music: Robben Ford is one of the premier electric guitarists today, particularly known for his blues playing as well as his ability to be comfortable in a variety of musical contexts. 1030 Main St., Napa
  Fee: $20/$25 Time: 8 p.m. Phone Number: 707-226-7372
• January 24 – Spellbound @ Napa Valley Opera House
  Performing Arts: A transcendent love story replete with taut excitement and startling imagery, Spellbound is classic Hitchcock, featuring stunning performances, an Academy Award-winning score by Miklos Rozsa, and a captivating dream sequence by Surrealist icon Salvador Dalí. 1030 Main St., Napa
  Fee: $7 Time: 7 p.m. Phone Number: 707-226-7372
• January 24 – Oxbow Market Tour and Cooking Class
  Food Education: Cooking with Julie. We meet at Oxbow Public Market to purchase our provisions, then a private tasting and then back to the kitchen for a hands-on cooking class. Goat cheese tart, endive salad, striped bass, cauliflower, white beans and shiitake mushrooms, apple tatin.
  Fee: $215 Time: 8:45am-4:30pm Phone Number: 707-227-5036
• January 25 – Robert Burns Dinner
  Celebration, Dining: Chef Hurley brings a little piece of Scotland to the Napa Valley with this annual celebration on the country’s national poet, “Rabbie” Burns. Join us for a traditional Burns Supper with all the graces, poems, and of course… Scotch! Reservations must be made by phone – call and ask to speak with the manager. 6518 Washington St., Yountville, CA
  Fee: $55 Time: 6 p.m. reception, 7 p.m. dinner Phone Number: (707)944.2345
• January 25 – International Guitar Night @ Napa Valley Opera House
  Live Music: Featuring Lulo Reinhardt, Adrian Legg, Marco Pereira and Brian Gore. The longest-running “mobile guitar festival” in North America. Each year, founder Brian Gore is joined by three of the world’s foremost acoustic guitarists to perform their latest original compositions and exchange musical ideas in a public concert setting.
  Fee: $25 / $30 Time: 8 p.m. Phone Number: 707-226-7372
• January 26 – Eric Johnson @ Napa Valley Opera House
  Live Music: Eric Johnson’s stature as one of the premier guitar players in contemporary music is his artistic trump card, backed by a Grammy Award and five nominations, platinum album, Top 10 hits like “Cliffs Of Dover,” praise from critics and the esteem of his peers. 1030 Main St., Napa
  Fee: $20 / $25 / $30 Time: 8 p.m. Phone Number: 707-226-7372
• January 26 – Tara McDowell Lecture at Nimbus Arts
  Lecture: Tara McDowell lectures on Pop After Warhol. Artisanal wines and hors d’oeuvres complete the evening. 3111 St. Helena Hwy, St. Helena
  Fee: $30 Time: 6:30 – 8:30 pm Phone Number: 707/963-5278
• January 26 – Pinot Noir Fan Club of Napa Valley
  Wine Education: Tonight is the inaugural meeting of the Pinot Noir Fan Club of Napa Valley. Entrance fee for a meeting is a good bottle of Pinot Noir from anywhere; we strive for variety! As long as it’s a good wine, we’re happy. You may also choose from our selection of Pinot Noirs and buy one to contribute. As a last resort, you can pay $10 to taste. 1000 Main Street, Napa CA
  Fee: A good bottle of Pinot Noir Time: 6pm-8pm Phone Number: 707-226-1378
• January 27 – Montrose @ Uptown Theatre
  Live Music: Music legends aren’t born easily. It has to be just the right band, with just the right sound, coming along at just the right time. That band was Montrose, and that sound was heavy, melodic, no-holds-barred rock and roll. 1350 Third St., Napa
  Fee: $28/$35 Time: 8 p.m. Phone Number: 707-259-0123
• January 27 – Back Room Blow Out XLV @ Back Room Wines
  Wine Education: Back Room Wines hosts its 45th walk-around wine tasting on this Friday evening, a week before Super Bowl XLV. Come visit and taste with four local winery owners and/or winemakers. Enjoy eight excellent wines and learn about from those who know them best. This fun, popular event is one not to miss! 1000 Main Street, Napa CA
  Fee: $10 Time: 5pm-8pm Phone Number: 707-226-1378
• January 27 – Cornerstone Cellars Winemaker Dinner
  Winemaker Dinner: Enjoy four-courses at Brix by Executive Chef Chris Jones, inspired by the wines of Jeff Keene. Alongside some of the best cuisine the Napa Valley has to offer, our winemaker will personally guide you through the most prized wines in our cellar. Limited to just 20 guests. 7377 St. Helena Hwy, Yountville
  Fee: $125 Time: 6 p.m. – 8:30 p.m. Phone Number: (707) 944-2749
• January 27 – Oxbow Market Tour and Cooking Class
  Food Education: Cooking with Julie. We meet at Oxbow Public Market to purchase our provisions, then a private tasting and then back to the kitchen for a hands-on cooking class. Crostini with leeks and ricotta, chicken cooked under a brick, and pear clafouti with star anise.
  Fee: $215 Time: 8:45am-4:30pm Phone Number: 707-227-5036
• January 27 – The Rivalry by Norman Corwin @ Napa Valley Opera House
  Performing Arts: Norman Corwin’s riveting depiction of the Lincoln-Douglas debates, uses dialogue from the original debate transcripts to bring to life the fierce competition between the future President and the incumbent Senator as they tackled the day’s most controversial issues – slavery and the American concept of freedom. 1030 Main St., Napa
  Fee: $30 / $40 Time: 8 p.m. Phone Number: 707-226-7372

Thank you for reading this post. If I can ever be of help in finding you the perfect property here in the Napa Valley, please email me at Curtis@NapaValleyAddress.com

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

My website & blog: www.NapaValleyAddress.com

Here are the stats for 2011 for the Napa Valley

The most significant thing to note is the consistency of the number of sales, the dwindling inventory but the fact prices have remain flat from 2010 to 2011. The other very interesting stat is the static days on market. This is due primarily to the hot market in sales of anything priced correctly under $400,000 especially in the Cities of Napa and American.

Over the nest few weeks I will be doing several upvalley cities and the Town of Yountville. Here, you will be surprised how different the market is especially in the properties over $1,000,000. Thanks for viewing.

Here are the numeric stats for 2011 for the Napa Valley

Thank you for reading this post. If I can ever be of help in finding you the perfect property here in the Napa Valley, please email me at Curtis@NapaValleyAddress.com

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

My website & blog: www.NapaValleyAddress.com

The number of Napa County foreclosures in 2011 are at a four-year low. From the Napa County Assessors office there were 1,087 property owners here who received a Notice of Default (NOD) in 2011 compared to 1,173 in 2010. A notice of default may be filed after an owner is 90 days delinquent in payments, or longer, depending on the lender.

Here are the statistics for NOD’s and foreclosure for the past five years:

For comparison to nearly a decade ago, in 2002 and 2003 there were only 10 Trustees Deeds recorded in Napa County each year.

What does this mean for someone buying here in the Napa Valley? In my opinion, very little for there are still a lot of distressed properties out there, the so called shadow inventory. Just how many, no knows exactly but in the last six months for all Napa County, there were 691 residential sales of which 357 were distressed sales. That is a 51.7 percentage and this number has stayed very constant for the last six months.

The most amazing statistic is with all these sales, the median price for the last six months has gone down as well as the number of homes for sale. Nearly six months ago, the number of homes on the market was 691, today there are 487. The median price then was $332,000, today it is $329,900. The number of all residential sales, this includes single family detached and condos, for the last six months, 357, compared to the previous six month period, 388, is also down probably due to the lack of inventory, not demand. Demand has stayed extremely HOT especially in properties under $400,000. Most often there are multiple offers on these homes, sometimes as many as 10!!!

The logical person would think with shrinking inventory,  number of sales and prices remaining the same, plus the current record low interest rates and large demand, could consider this the bottom everyone talks about. Not in my opinion for I think a true bottom will not happen till we get rid of the large number of bank owned properties on their books and to be foreclosed on yet, the shadow inventory. Every estimate I see states there are still approximately 12 million homes which are under waster, owe more than they will sale for, That is nearly 25 percent of all properties in the United States.

So unfortunately, I don’t have the best of news. I think it is at least to 2013 and most likely till 2014 that we will truly be at the bottom. The rainbow and pot of gold on this cloudy prediction, once we truly bottom there will a pop in home prices. I feel it will be 25 – 50 percent over the next few years. If you can wait till then, that will be the time to sell for after this pop, I don’t think there will be another in the lifetime of anyone reading this.

A few statistics for the U.S. and California, according to data service RealtyTrac, 1,887,777 U.S. properties in 2011 had foreclosure filings — default notices, scheduled auctions and bank repossessions and one in every 31 California housing units had at least one foreclosure filing during the year.

Thank you for reading this post. If I can ever be of help in finding you the perfect property here in the Napa Valley, please email me at Curtis@NapaValleyAddress.com

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

My website & blog: www.NapaValleyAddress.com

]]> http://www.napavalleyaddress.com/hope-for-real-estate-in-the-napa-valley-number-of-napa-county-foreclosures-at-four-year-low/feed/ 0 http://www.napavalleyaddress.com/yountville-weekly-real-estate-update-january-14-2012/ http://www.napavalleyaddress.com/yountville-weekly-real-estate-update-january-14-2012/#comments Sat, 14 Jan 2012 17:07:24 +0000 Curtis Van Carter http://www.napavalleyaddress.com/?p=4947

Stats for last 7 days

new listing 0, price reduced 0, sale pending 0,  sold 0

Median prices, average days on market

current for sale           12 med price $592,000; avg days on market 160

current sale pendings  1  med price $408,500; avg days on market 274

sold in last 6 months    8 med price $585,750; avg days on market 63

New Listings none

Price Reductions none

Sale Pendings

6702 Washington St, Yountville, CA 94599 (MLS # 21110192)

Location, Location, Location. Golden opportunity to be on Washington Street in Yountville. The current owner updated the kitchen in 1991. Bring your imagination and make it your own. Good size corner lot. Walking distance to world renowned restaurants, shops and wine bars.

Property Type(s): Residential, Single Family

Last Updated	2/4/2012	Tract	n/a
Year Built	1880	Community	Yountville
Garage Spaces	n/a	County	Napa
Total Parking	n/a	Walk Score ®	60

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by Shere Davis, RE/MAX Gold Napa

(view all details for MLS #21110192)

Solds none

Thank you for reading this post. If I can ever be of help in finding you the perfect property here in the Napa Valley, please email me at Curtis@NapaValleyAddress.com

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

My website & blog: www.NapaValleyAddress.com