This fits right in with my earlier post today, Upcoming Events in Yountville and Surrounding Napa Valley Areas October 28, 2011.

There was an article in last Saturday’s Napa Register by Jennifer Huffman about this which fits in nicely with my Upcoming Coming events. Here are a few excerpts to give you the idea of what they are doing. Go and have some fun. It is another thing the City of Napa is doing right these days.

A small group of downtown merchants have banded together in an effort to draw  more midweek business to their end of the city center.

Dubbed West End Wednesdays, the new weekly event begins this Wednesday.  Starting at 5 p.m., select stores will offer specials, discounts and other  promotions, said Elizabeth Cameron who recently opened a retail store, West End  Napa.

West End Napa opened in July and business has been good, she said. Even  though she’s located next to a hotel, the majority of her customers are locals,  said Cameron, who will be giving away a free burlap wine bag with a peacock  feather when the event kicks off.

Chalkboard easels at each participating business will alert pedestrians of  specials being offered inside.

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

While reading posts on the approximately 20 blogs I subscribe to, I came across a post By Jeff Brown on Bloodhoundblog.com that made my blood boil and I am certain yours will do so also after viewing this. The video is the work of  ThinkBigWorkSmall who I will subscribe to when I am done with this post. Here is a quote from Jeff Brown’s article which will give you a sense of the deal, maybe it should be called theft, One West Bank received when it purchased Indymac Bank from the FDIC in March 2009.

I know the FDIC went out of its way to issue a Press Release, denouncing the guys at Thing Big Work Small.  I know those guys fairly well (had a few beers with them at the CAMB convention this summer).  The FDIC denounced the video as “factually incorrect”, a day after it came out…then…

One West Bank, who bought the IndyMac portfolio for $1.55 Billion, earned 1.57 billion in its first year of operation.  Now Jeff, youi’re a bright guy…what kind of bank earns 100% ROI in one year?

Here is the video from Jeff Brown’s post, but you can click on ThinkBigWorkSmall links above and go directly to their site.

Brought to you by the CALIFORNIA ASSOCIATION OF REALTORS® 

Report details ZIP codes with greatest premium above list price
Four California ZIP codes earned places on the third quarter “Hot Market” list compiled by ZipRealty.  The list showcases ZIP codes where homes are selling for the greatest premium above list price.  By contrast, California had eight of the top 10 markets in the second-quarter Hot Market list.  Two Arizona markets—Glendale and Phoenix—made the list for the first time.

The 10 ZIP codes with the highest sales-price-to-list-price ratio among the 33 markets tracked by ZipRealty were: Rancho Bernardo, Calif., 92127 (124.9 percent sales-to-list ratio); Davie, Fla., 33328 (123.2 percent); Grand Prairie, Texas, 75050 (120.1 percent); Commerce, Calif., 90022 (118.5 percent); Everett, Wash., 98205 (109.3 percent); Whitestone, N.Y., 11357 (108.5 percent); Glendale, Ariz., 85307 (107.6 percent); Phoenix, Ariz., 85035 (106.3 percent); Oakland, Calif., 94608 (105.6 percent; and Arleta (Los Angeles), Calif., 91331 (105.3 percent).

I subscribe to about 20 different blogs which I generally read daily. I do slip every once in awhile and than often scan the articles to catch up. During one such scanning session, a post on Calculated Risk Blog, one of my favorites, caught my eye and am I glad I stopped and took a closer look.

Being 63 next Tuesday, I am coming of the age where you wonder how the number of Baby Boomers will affect things, especially Social Security and Medicare. With all the hoopla about health insurance and the potential hidden costs, it is more prevalent there ever and Calculated Risk comes to the rescue, or maybe that should be nightmare. They have produce a great graphic showing the U.S. Population Distribution by Age, 1950 through 2050. Their graph changes ever two seconds showing the age distribution every five years based upon population data and estimates from the Census Bureau. Below is the starting graph for 1950 but you need to go to their site to see the entire range.

Today’s California Association of Realtors weekly newsletter, C.A.R. Newsline had articles about a couple of frauds you might be advised of.

FTC WARNS CONSUMERS ABOUT ECONOMIC STIMULUS SCAMS
The Federal Trade Commission (FTC) is warning consumers that they could get stung by economic stimulus scams, perpetrated on the Web and through e-mail, by enticing consumers to provide personal information or a small payment.

E-mail messages and Web sites may ask for bank account information and use it to drain consumers’ accounts of money or commit identity theft. Web sites also may persuade consumers to clink on links that will download malicious software or spyware that can be used to make them a victim of identity theft, or entice consumers to pay a small fee in order to capture their credit card information.

And

SCAM ARTISTS USING FORGED LETTERHEAD TO CON CALIFORNIANS
California Attorney General Edmund G. Brown Jr. is warning consumers that scam artists are using the forged letterhead of major lenders to con worried Californians into paying thousands of dollars for non-existent loan modification services.

“Californians should be deeply skeptical of anyone who demands money up front and makes extravagant promises that they can save their home,” Brown said. Steps consumers can take to protect themselves from loan modification fraud are available at http://ag.ca.gov/newsalerts/release.php?id=1697&.

Just remember the old adage, if it seems to good to be true, you should think about it and check it out. One guiding rule I have always used and it has never lied to be, my gut feelings. If you feel something is not right in your gut, listen to it.

Laura Cunningham won unanimous approval from the Yountville Town Council for her new restaurant, Vita (Italian for Life). The existing building which in its past has been Mama Nina’s; Frankie, Johnnie and Luigi Too; and most recently PJ Steak will be completely remodeled changing everything. The new space will be a 130 seat Italian restaurant serving dishes from the Sicilian region of southern Italy inspired by Laura’s grandmother, Vita Morrell.

Besides accolades from all Councils members, the new building received nearly unanimous support from other residents of Town including adjacent businesses and neighbors. In my humble opinion, it will take 12-15 months to complete the bureaucratic stuff and construction before it opens. I can’t wait for this will be another great place to hang out at. Bottega is so hot it is often hard to get a seat at the bar for a nibble and glass of wine.

Included here in its entirety, is the December 25th article in the Yountville Sun by its Editor, Sharon Stensaas. It truly gives one the sense why many come here to be satiated and entertained, but also to live here in this magically little town. Enjoy.

As visitor-dependent Napa Valley businesses brace for the full effects of the “slow sea­son,” which traditionally runs from December through February and into March, local businesspeople are sharing concerns that this off season will be considerably more “off” than usual because of the nation’s economic crisis.
But read some of the public­ity currently being circulated about Yountville, and it would seem this little village is posi­tioned to fare better than most in the weeks and months ahead. Yountville looks good in print.
Last week The EarthTimes released a story on Business Wire with the headline “Oasis in an Economic Downtown: Napa Valley’s YountvilleSports Silver Lining With Impressive Stats on Tourism; Estimated $100 Million in New Construction and Bo)ost in Room Rates.”
Earth Times, a news website that publishes reports on a wide variety of topics, opened its Yountville story as follows, “As the economy sizzles into the sea, one cityin Northern California is bucking the tourism trend with impressive results. As top destinations are struggling with falling occu­pancy and average daily room rates, this city located 55 miles northof San Francisco posted a $25,000 increase in transient occupancy tax revenue (TOT) for July/August ’08, annual 8.3 percent gain in average daily room rates and annualized occupancy rate of 75.6 percent which represents a minuscule 0.4 percent drop!”
It doesn’t stop there.
“In these tryingtimes, scur­rying for the competitive tourism dollar has translated into transport promotions, rock bottom room rates and added-value attractions driving most destinations. While there are always off-season deals to be had throughout Napa Valley and Yountville, this culinary bastion of just four square miles has quietly evolved into a textbook study of recession-proof marketing ..
“With nine hotels and six coveted Michelin stars, the town’s silver lining is due to a variety of factors, from careful master planned growthto a strong loyal. base of clientele and solid mix of group/leisure business. Add to that an esti­mated $100 million in new construction of hotels, restau­rants and renovations in 2008/2009, a recent Stardard & Poor’s AA+ rating (July /2008) due to strong local tourism ­based economy, exceptionally strong financial performance and dedicated revenue stream from the town’s TOT, and the message is clear: This is the Little Town that Could.”
Yountville’s key survival techniques were identified as “an aggressive marketing com­munications program posi­tioning Yountville as the West Coast’s top epicurean and favorable ‘green touring’ option linking all visitor assets via walking or biking.”
Intervicewed by Earth News for the story were Mayor Cindy Saucerman, Town Manager Steve Rogers and Villagio Inri’s Director of Sales and Marketing Steve Andrews.
If Yountvilleis being seen as green, it is about to get even greener in the New Year, with the planned opening of the Bardessono inn on February 2.
While these 62 inn units are yet to be experienced first­hand, the application of green features have already attracted ink in a number of building industry publications, and the public relations firm handling the property is positioning it as “Amedca’s Greenest Luxury Hotel.”
Aspiring to achieve Platinum LEED Certification for the inn, eco-developer Phil Sherburne, as his publicity describes him, wants to erase the notion that being green involves “wearing a sack-cloth coat.” His concept is that the highly personal nature of Bardessono hospitality may be nurturing and restorative.
The property will get approximately half of its electricity from a 200-kilowatt photovoltaic solar system dis­cretely mounted and con­cealed on the inn’s flat-topped roofs.
To heat and cool guest rooms as well as the property’s domestic water supply, a sys­temof 82, 300-foot geothermal wells were drilled to work witha specially developed ground source heat pump system.
“Up-cycled” materials are being incorporated throughout the new inn, and they include recycled steel, green glass tiles and fly ash concrete. (Fly ash, a glass-like powder recovered from gases created by goal ­fired electric power genera­tion, is a recyclable material often ued as a replacement for Portland cement.)
Locally-sourced and sal­vaged Monterey Cypress, Walnut, Redwood, Eucalyptus and California Bay Laurel wood is being used for every­thing from siding and ceiling beams to furniture and bath­room flooring.
The hotel’s entry features local stone salvaged and recut from the Bardessono family’s original homestead.
Meanwhile, Thomas Keller’s name and stellar repu­tation on the international stage of culinary arts, continue to generate so much media the YountvilleChamber of Commerce suspended its clip­ping service several years ago because it couldn’t afford to pay for the constant blizzard of clippings Keller generated with a Yountville mention. (A clipping service tracks mentions of a specific word or words for its clients by clip­ping the stories bearing those words from thousands of pub­lications of all types from around the globe. Clients gen­erally are charged a basic fee as well as a certain amount for each clip containing the word or words it has specified.)
And Keller is developing his own green profile. In May he will be honored by the Monterey Bay Aquarium with the Conservation Leadership Award at the Cooking for Solutions celebration for his efforts in promoting food prac­tices that protect the health of the ocean and the soil.
And more local publicityis sure to come from the Keller organizationnext month, when French Laundry sous chef Tim Hollingsworth goes to Lyon, France, as the first American to compete in the prestigious Bocuse d’Or World Cuisine Contest.
Whether this proliferation of publicity will actually pro­pel paying customers into local inns, restaurants, galleries, tasting rooms and shops remains to be seen, but tiny Yountville is generating more than its proportionate share of industry ink.

This is a weekly feature to keep you informed about the real estate happenings in Yountville. Besides just real estate info, I hope to give the readers of my blog some insight into the heart of Yountville using a variety of media including photos, tidbits, gossip and other fun things. If this is of interest to you, I would love hearing from you. If there are other cities here in the Napa Valley, such as St. Helena or Calistoga, you would like this feature expanded to, let me know. 

STATS

last 7 days acivity     new listings  4    sale pending  1    sold  0    expired  1    withdrawn  0

new listing(s)             6600 Yount Street #24, $434,500, 2 br, 1 ba, 1,056 SF

                               135 Vineyard Circle, $545,000, 2 br, 2 ba, 1,154 SF

                               16 Ivy Court, $749,000, 2 br, 2 ba, 1,150 SF

                               35 Lande Way, $1,195,000, 3 br, 2.5 ba, 1,842 SF

new contigent(s)        1868 Heritage Way, $1,695,000, 4 br, 3 ba, 3,100 SF

          Facts, numbers, SF from BAREIS and/or Napa County tax records, not guaranteed

current active listings for sale    25      average price  $1,185,972   average days on market  108

current sale pendings                1       average price  $849,000   average days on market 139

sold in last 6 months                 13       average price  $625,781   average days on market 153

FACTS ETC

Sorrento building photo from the Yountville Sun