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
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