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You are here: Home / Home Values / Buyer optimism at all time high but Napa Valley residential sales prices lag the pre-bubble highs

Buyer optimism at all time high but Napa Valley residential sales prices lag the pre-bubble highs

October 7, 2014 by Curtis Van Carter Leave a Comment

Periodically C.A.R., the California Association of Realtors, publishes newsletters, e-magazines and other useful information which I find interesting and helpful. One such email I get from C.A.R. is called “One Cool Thing”. This month’s graphic was titled “The Water Crisis” Periodically C.A.R., the California Association of Realtors, publishes newsletters, e-magazines and other useful information which I find interesting and helpful. This month’s graphic was titled “Buyer Optimism at an All-Time High”

Unfortunately, for the County of Napa this is only partially true. While the 2013 number of residential sales, 1,648, has nearly equaled the 2004 high of 1,779, the average sales price for 2013 was $615,527 which is 29 % less than the 2007 high of $864,297. If you look at the up-valley Town of Yountville and City of Calistoga, the figure is slightly better being closer to 80% of the previous highs. The number of sales for Calistoga in 2013, 71,  is at an all time high  and for Yountville was 35. You have to go back to 2002 to find anything higher for the Town when 41 homes were sold.

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Filed Under: Home Values, Napa Valley, One Cool Thing Tagged With: Napa Valley, RE Current Info

Curtis Van Carter, has been one of Napa Valley Real Estate's most knowledgeable and experienced agents. He has been characterized by his clients for his honesty and knowledge to make a home sale or purchase as smooth as possible. If you are interested in selling or listing a home please call or EMAIL Curtis here.

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