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 3 distressed sales of 78 active listings in this price range with 3 of these are in escrow, compared to 6 of 67 on May 1 st. All of these 3 distressed sales are country properties, the 2 not sold are in Pope Valley and the thirs is a very good buy and a sale pending.
Bothy the decrease in distressed properties for sale and the number for sale are a bit of a surprise. Overall, inventory for sale here has been slowly decreasing and the number of distressed prope Keep tuning in for this as a new monthly stat I will regularly tract from now own. Next look June 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.