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 (474): lowest $55,000, highest $29,500,000, average price $1,539,657, median price $747,000, DOM 157
- Contingent sale pending (339): lowest $62,500, highest $10,300,000, average price $467,217, median price $327,000, DOM 140
- Sale pending (103): lowest $39,900, highest $1,396,000, average price $366,757, median price $298,000, DOM 85
- Sold last 6 months (690): lowest $62,000, highest $11,000,000, average price $516,939, median price $335,000 DOM 118
- Total of all categories above: 1,503; 419 are short sales 27.9%; 234 are REO 15.6%; total 643 distressed properties 42.8%
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 4/26/2012 30-yr. fixed: 3.88% fees/points: 0.7% 15-yr. fixed: 3.12 fees/points: 067% 1-yr. adjustable: 2.74% 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
Leave a Reply