The headline below sure caught my eye when reading the newsletter I get from the CALIFORNIA ASSOCIATION OF REALTORS® called C. A. R. Newsline. When I read these statistics for California, I always check what the same is for Napa Valley in my multiple listing service, BAREIS.
Napa County average residential sales price increased 9.6 % from September 2012 compared to same month in 2013. The median increase was up a whopping 27.1 %. See the chart below.
Home prices nationwide, including distressed sales, increased 12 percent on a year-over-year basis in September 2013 compared to September 2012, according to the September CoreLogic Home Price Index (HPI®) report. This change represents the 19th consecutive monthly year-over-year increase in home prices nationally. On a month-over-month basis, including distressed sales, home prices increased by 0.2 percent in September 2013 compared to August 2013.
Excluding distressed sales, home prices increased on a year-over-year basis by 10.8 percent in September 2013 compared with September 2012. On a month-over-month basis, excluding distressed sales, home prices increased 0.3 percent in September 2013 compared with August 2013. Distressed sales include short sales and real estate owned (REO) transactions.
Highlights as of September 2013:
Including distressed sales, the five states with the highest home price appreciation were: Nevada, 25.3 percent; California, 22.5 percent; Arizona, 14.6 percent; Georgia, 14.4 percent; and Michigan, 13.9 percent.
Excluding distressed sales, the five states with the highest home price appreciation were: Nevada, 22.4 percent; California, 18.9 percent; Utah, 13.2 percent; Arizona, 12.6 percent; and Florida, 12.6 percent.
Let me put my nearly 30 years experience to work for you and help you find the perfect Napa Valley property