Napa Valley and California Real Estate Fast Facts May 15, 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 (475): lowest $55,000, highest $29,500,000, average price $1,598,723, median price $779,000, DOM 157
• Contingent sale pending (347): lowest $62,500, highest $10,300,000, average price $453,955, median price $325,500, DOM 141
• Sale pending (103): lowest $49,900, highest $1,995,000, average price $424,481, median price $329,000, DOM 97
• Sold last 6 months (689):  lowest $38,500, highest $11,000,000, average price $498,387, median price $335,000 DOM 117
• Total of all categories above: 1,614; 459 are short sales 28.4%; 260 are REO 16.1%; total 719 distressed properties 44.5%

Calif. median home price: March 2012: $291,080 (Source: C.A.R.)
Calif. highest median home price by region/county March 2012: San Mateo, $677,900 (Source: C.A.R.)
Calif. lowest median home price by region/county March 2012: Tehama, $108,000 (Source: C.A.R.)

Calif. Pending Home Sales Index: March 2012: 143.7, an increase from the revised 126.5 recorded in February.

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

Mortgage rates: Week ending 5/3/2012 30-yr. fixed: 3.84% fees/points: 0.8% 15-yr. fixed: 3.07 fees/points: 0.7% 1-yr. adjustable: 2.70% 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