Continued Tracking of Napa Valley Distressed Properties in the $800,000 to $2M Range, now 8 of 78

Remember from my July 18, 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 8 distressed sales of 78 active listings in this price range, compared to 6 of 86 on October 1st. At 10.26%, this is the first time thie number has every been above 10%. Keep tuning in for this as a new monthly stat I will regularly tract from now own. Next look December 1st.