Napa Valley and California Real Estate Fast Facts March 14, 2012

Napa Valley and California Real Estate Fast Facts

Napa County Residential Properties including condos/townhomes (Source: BAREIS)

• Listed for sale (453): lowest $82,900, highest $29,500,000, average price $1,260,234, median price $625,000, DOM 165
• Contingent sale pending (308): lowest $75,000, highest $12,000,000, average price $480,930, median price $339,900, DOM 140
• Sale pending (89): lowest $69,900, highest $1,500,000, average price $364,263, median price $280,000, DOM 64
• Sold last 6 months (676):  lowest $64,500, highest $9,000,000, average price $497,155, median price $325,739 DOM 118

Calif. median home price: January 2012: $268,280 (Source: C.A.R.)

Calif. highest median home price by region/county January 2012: Marin, $694,440 (Source: C.A.R.)

Calif. lowest median home price by region/county January 2012: Tehama, $110,000 (Source: C.A.R.)

Calif. Pending Home Sales Index: January 2012: 102.4, an increase from the revised 93.1 recorded in January 2011

Calif. Traditional Housing Affordability Index: Fourth quarter 2011: 55 percent (Source: C.A.R.)

Mortgage rates: Week ending 3/1/2012 30-yr. fixed: 3.90% fees/points: 0.8% 15-yr. fixed: 3.17 fees/points: 0.8% 1-yr. adjustable: 2.72% Fees/points: 0.6% (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