Continued Tracking of Napa Valley Distressed Properties in the $800,000 to $2M Range, now 7 of 53
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, REOs) 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 4 distressed sales of 68 active listings in this price range with two of these in escrow, compared to 7 of 53 on February 2nd (sorry I missed a couple of months). 2 of these distressed sales are REOs and 2 are short sales with 2 of the 4 in escrow. Of the 4, only 1 is in the Napa Valley, 2 are in Angwin and Pope Valley and the other 1 is in the surrounding mountains. Next look June 1st.
Interesting note from RealtyTrac, the market share of foreclosed homes under $1 million is shrinking, but those among properties valued over $1 million are rising – up 115 % since 2007.
Calistoga home, $800,000, 3 br 2 ba, 1,972 sf, 3 acres
Pope Valley home, $899,900, 4 br 5 ba, 7,000 sf, 67.4 acres, multiple offers
We're sorry, but we couldn't find MLS # 21204620 in our database. This property may be a new listing or possibly taken off the market. Please check back again.
We're sorry, but we couldn't find MLS # 21126343 in our database. This property may be a new listing or possibly taken off the market. Please check back again.
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 Napa Valley Broker Extraordinaire, selling Real Estate here from its heart, Yountville
My website & blog: www.NapaValleyAddress.com