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You are here: Home / Bay Area RE / Napa Valley Market Activity Update and the Best Buy in the City of Napa

Napa Valley Market Activity Update and the Best Buy in the City of Napa

December 23, 2009 by Curtis Van Carter Leave a Comment

I have been showing property here in the Napa Valley several  times over the last two weeks and have noticed a distinct slowing of sales in price ranges above $300,000 . Below $250,000 and perceived to be a good deal properties are still selling fairly quickly, but they really need to be a deal. An example is a property I was considering making an offer on for myself: built in the late 1940’s, a 2 bedroom, 1 bath, 770 square foot fixer for $125,000 which need approximately $25,000 in repairs based on a verbal bid from a contractor I regularly use. I decided not to proceed when I found out there were 25 offers. It sold for $155,000, not a bad buy even at this price .

Yet, I just showed a 3 bedroom, 2 bath, 1,506 square foot newer home which once sold for $695,000 in October 2005 which is currently on the market for $382,000 and has been so at this price with no offers since December 9th . Just a few months ago, this home would have had multiple offers on it and was in escrow for $449,000 in August. There were several other properties I showed my clients which would have had the same multiple offer results just a short while ago.

Here is the link for what I currently consider the best buy in the City of Napa, 40 Firefly Lane. 

40 Firefly Lane, Napa, CA
40 Firefly Lane, Napa, CA

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Filed Under: Bay Area RE, CA Real Estate, City of Napa, From Curtis, Great Value, Napa Valley, RE Current Info, RE Values Tagged With: Bay Area RE, CA Real Estate, Curtis Van Carter, Napa Valley, RE Best Buy, RE Current Info

Curtis Van Carter, has been one of Napa Valley Real Estate's most knowledgeable and experienced agents. He has been characterized by his clients for his honesty and knowledge to make a home sale or purchase as smooth as possible. If you are interested in selling or listing a home please call or EMAIL Curtis here.

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