Remember from my July 18th, 2009 post “Napa Valley Real Estate, a Tale of Two Times Two Markets“ was the number of distressed sales (in foreclosure, a short sale or a bank owned property, REO) increasing for homes priced $800,000 to $2,000,000, especially up valley. By up valley I mean the Cities of St. Helena, Calistoga, Angwin, Deer Park, Oakville, Rutherford and the Town of Yountville. Today, there are 5 distressed sales of 84 active listings in this price range, compared to 6 of 90 on August 1st. Keep tuning in for this as a new monthly stat I will regularly tract from now own. Next look October 1st. Seems like my comments in a past month’s postabout the supposed shadow inventory of distressed properties in this price range in the Napa Valley is just not happening??? This month, it is the Los Angles Times and Bryan Ochse of Media Realty in Burbank speaking out about this as reported by Calculated Risk in their August 29th post Foreclosures: Movin’ on up!.
Continued Tracking of Napa Valley Distressed Properties in the $800,000 to $2M Range, now 5 of 84
This is Curtis and would like to hear what you think.
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