This is the continued tracking, started in July 2009, of the number of distressed sales (in foreclosure, a short sale or a bank owned property) for homes priced from $800,000 to $2,000,000 in the up valley region of the Napa Valley. By up valley I mean the Cities of St. Helena, Calistoga, Angwin, Deer Park, Oakville, Rutherford and the Town of Yountville and only those listed in BAREIS, my MLS. Today there are 5 distressed sales of 84 active listings in this price range with 1 of these in escrow, compared to 3 of 73 on July 1 st. 3 of these distressed sales are REOs and 2 are short sales. Of the 5, only 1 is in the Napa Valley, 2 are in Pope Valley and the other 2 about 10 miles from the Valley floor in the surrounding mountains.
Both the number of distressed properties for sale and number for sale have ticked up this last month. I don’t know what this forbodes but keep tuning in, next look September 1st.
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