For the last four years, the City of Napa especially downtown, has been the happening spot to be. There are several new hotels in the planning stages and two recently built. There is the fabulously successful Oxbow Public Market area, The Riverfront with only one of the 52 condos there unsold plus Fish Story and Morimoto’s continuing to have packed restaurants. The new Napa’s West End restaurants and businesses doing more and more business. The list goes on and on.
So Friday Napa Valley Register was no surprise when it ran on the front page three stories about what is happening here in the real estate market. Things are happening here and if you have any questions about buying property here, please contact me. Photo from the Riverfront website.
average asking rent for a single family home in Napa County
3rd quarter 2009 – $1,290
3rd quarter 2010 – $1,323
3rd quarter 2011 – $1,350
3rd quarter 2012 – $1,386
3rd quarter 2013 – $1,502
The majority of Napa’s River Park Shopping Center has been listed for sale and an offer is pending, according to a real estate listing on a commercial broker website.
In a marketing brochure from Capital Pacific, the price of the multi-acre shopping center is described as “best offer.”
The Napa City Council gave glowing reviews Tuesday of the 32-home subdivision proposed by Edenbridge Homes for Saratoga Drive in east Napa.
The development, which received unanimous council support, will be situated directly behind the Alexander Crossing apartments that are under construction at Silverado Trail and Saratoga. It will include 32 one- and two-story homes on lots ranging in size from approximately 5,000 to 7,500 square feet.
In a previous meeting, the developer said they would sell for between $500,000 and $600,000. The homes will be constructed in Spanish, Tuscan and Craftsman styles.