Napa Valley and California Real Estate Fast Facts including short sales and bank owned (REO)
Napa County Residential Properties including condos/townhomes/manufactured homes (Source: BAREIS)
- Listed for sale (480): lowest $108,000, highest $35,000,000, average price $1,873,689, median price $797,000, DOM 151
- Contingent sale pending (346): lowest $40,000, highest $10,300,000, average price $486,654, median price $325,000, DOM 138
- Sale pending (91): lowest $79,500, highest $4,100,000, average price $513,963, median price $339,900, DOM 100
- Sold last 6 months (746): lowest $38,500, highest $11,000,000, average price $497,104, median price $339,050 DOM 117
- Total of all categories above: 1,663; 466 are short sales 28.0%; 250 are REO’s 15.0%; total 716 distressed properties 43.1%
Calif. median home price: April 2012: $308,050 (Source: C.A.R.)
Calif. highest median home price by region/county April 2012: Marin, $783,850 (Source: C.A.R.)
Calif. lowest median home price by region/county April 2012: Siskiyou County, $103,330 (Source: C.A.R.)
Calif. Pending Home Sales Index: April 2012: 128, a decrease from the revised 138.9 recorded in March.
Calif. Traditional Housing Affordability Index: First quarter 2012: 56 percent (Source: C.A.R.)
Mortgage rates: Week ending 5/31/2012 30-yr. fixed: 3.75% fees/points: 0.8% 15-yr. fixed: 2.97 fees/points: 0.7% 1-yr. adjustable: 2.75% Fees/points: 0.4% (Source: Freddie Mac)
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
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