Periodically C.A.R., the California Association of Realtors, publishes newsletters, e mags 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 “Homes Are Selling Fast”.
I took a look at how this compares to the rate homes are selling here in the Napa Valley. The following are for residential sales from January 1st through June 30th 2014 for various locations here in the Napa Valley. Short of counting every property which sold in 42 days or less, I have below given a quick estimate for these so to quote apples for apples.
Location Number Sold Days on Market % sold 6 weeks or less
City of Napa 426 76 43
Calistoga 140 140 21
St Helena 139 139 27
Yountville 15 64 87
Napa County 633 88 48
As you can see, the average market times for the Napa Valley, Days on Market, are generally longer than the average for the State. I attribute some of this to the higher prices here especially in the up Valley cities. The only area which dramatically beat the State average, Yountville my home. You ask me why, there are way too many people who want to live and very little inventory. Makes for a super hot market and yes, it is just as hard to get a reservation at the French Laundry!!
Let me put my nearly 30 years experience to work for you and help you find the perfect Napa Valley property, especially in Yountville