Napa Valley and California Real Estate Fast Facts June 12, 2012

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