April 2024 Market Report - Napa Valley Area

Page 1

Copyright by KW Advisors 2024 April 2024

Napa Valley Area

Napa

Jump to Napa Report

Solano

Jump to Solano Report

Sonoma

Jump to Sonoma Report

Jump to Marin Report Southern/Central Marin

What’syourhome reallyworthin today’smarket?

That's the question you should be asking yourself.

Our market is incredibly diverse and rapidly changing. Values vary not just by neighborhood but by street. Your home isn't necessarily worth what your neighbors' home is. It's the current market that sets the value of your home.

So, do you know what your home is worth in today's market?

Icanhelp...

Contact me for a confidential, no obligation assessment of your home's value.

WhyOverpricingYourHouse CanCostYou

If you’re trying to sell your house, you may be looking at this spring season as the sweet spot – and you’re not wrong. We’re still in a seller’s market because there are so few homes for sale right now. And historically, this is the time of year when more buyers move, and competition ticks up. That makes this an exciting time to put up that for sale sign.

But while conditions are great for sellers like you, you’ll still want to be strategic when it comes time to set your asking price. That’s because pricing your house too high may actually cost you in the long run.

The Downside of Overpricing Your House

The asking price for your house sends a message to potential buyers. From the moment they see your listing, the price and the photos are what’s going to make the biggest first impression. And, if it’s priced too high, you may turn people away.

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Looking to lighten the mood in your laundry room?

To Look Out For EIGHTEYE-

These refreshing colors make the wash-and-dry chore a little more pleasant.

CATCHING Laundry Room Colors

Tranquil Blue

View it here

Sage Green

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Eight Colrs fo Laundry

White

View it here

Yellow

View it here

Gray

View it here

Dusty Pink

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Navy Blue

View it here

Purple

View it here

Create a tranquil laundry space with Benjamin Moore's Beach Glass Its light blue shade, coupled with a subtle gray undertone, offers a clean and versatile aesthetic that avoids any baby nursery associations.

Transform your space with earthy tones like October Mist and Gloucester Sage from Benjamin Moore. Test out the trendy sage in your laundry room for a lowcommitment update easy to change and customize, ensuring lasting satisfaction with your design choice.

Create an elegant laundry room with Chantilly Lace by Benjamin Moore The classic white choice adds sophistication, opens up the space, and simplifies stain detection.

Elevate your laundry space with the energizing touch of yellow. Behr's Roasted Corn or Upbeat bring warmth and optimism, while Pearly White offers a mellow option a yellow-based white that brings a perfect harmony of vibrancy and calmness

Gray remains a top choice for laundry room walls, providing a timeless and serene backdrop A soft gray for a whisper of sophistication, easily personalized with printed patterned tile flooring or Behr's bold 2024 Color of the Year, Cracked Pepper.

Sherwin-Williams' Rosebud for a touch of romance in laundry rooms. The dusty pink hue, paired with gold accents, adds a luxurious and warm atmosphere

Navy as the key to a striking laundry room. Beyond lighter blues, navy paired with lighter accents or white fixtures, especially Benjamin Moore's Hale Navy, creates a bold choice that makes the laundry room stand out.

Dare to take a style risk in your laundry room with a pop of color Opt for the subtle smoky lavender of Farrow & Ball's Peignoir for a neutral touch or go all-out glam with Backdrop's dark and vampy McQueen, drawing inspiration from the famous fashion designer.

Source : https://www familyhandyman com/list/laundry-room-colors/

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Napa County

What's in the Napa County data?

There were 209 single-family homes for sale, providing 3 months of inventory. There were 80 new listings, and 59 homes sold at a median price of $882k. The median overbid percentage was at 97 8%, with an average of 75 days on the market

There were 25 condo and townhome units for sale, providing 2.5 months of inventory. There were 14 new listings and 11 units sold at a median sale price of $699k. The median overbid percentage was at 97.6%, with an average of 68 days on the market.

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from March 2023 to March 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated. 80 New Listings 3 Months of Inventory $882K Median Sale Price 97.8% Median Sale vs List 59 Sold Listings 75 Avg Days on Market
CONDO Condo & Townhomes 14 New Listings 2.5 Months of Inventory $699K Median Sale Price 97.6% Median Sale vs List 68 Avg Days on Market 11 Sold Listings

MARCH 2023 - MARCH 2024

LISTINGS FOR SALE SOLD LISTINGS

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Napa
Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 0 100 200 300 400 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 0 10 20 30 40 50

Single-Family Homes

The median sale price has decreased from $900k last March 2023, to $882k as of March 2024

Condos & Townhomes

The median sale price has decreased from $789k last March 2023, to $699k as of March 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 55 days last March 2023, to 75 days as of March 2024

Condos & Townhomes

The average time spent on the market went up from 21 days in March 2023, to 68 days as of March 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 100% last March 2023, to 97 8% a year later

Condos & Townhomes

The overbid percentage has decreased from 101.3% last March 2023, to 97.6% a year later.

Back to Table of Contents Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 0 20 40 60 80 100 120 Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 000% 2000% 4000% 6000% 8000% 10000% 12000%
Median SalesPrice

Solano County

What's in the Solano County data?

There were 446 single-family homes for sale, providing 1.6 months of inventory. There were 305 new listings, and 258 homes sold at a median price of $584k. The median overbid percentage was at 100%, with an average of 48 days on the market.

There were 59 condo and townhome units for sale, providing 2.3 months of inventory. There were 31 new listings and 33 units sold at a median sale price of $335k. The median overbid percentage was at 100%, with an average of 38 days on the market

SFH Single-Family Homes
data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from March 2023 to March 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated. 305 New Listings 1.6 Months of Inventory $584K Median Sale Price 100% Median Sale vs List 258 Sold Listings 48 Avg Days on Market
The
C Condo 31 New Listings 2.3 Months of Inventory $335K Median Sale Price 100% Median Sale vs List 38 Avg Days on Market 33 Sold Listings

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 0 100 200 300 400 500 600 700 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 0 20 40 60 80
LISTINGS FOR SALE SOLD LISTINGS

Single-Family Homes

The median sale price has decreased from $585k last March 2023, to $584k as of March 2024

Condos & Townhomes

The median sale price has decreased from $382k last March 2023, to $335k as of March 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 57 days last March 2023, to 48 days as of March 2024

Condos & Townhomes

The average time spent on the market went down from 50 days in March 2023, to 38 days as of March 2024.

Overbids

Single-Family Homes

The overbid percentage has remained the same from 100% last March 2023, to 100% a year later

Condos & Townhomes

The overbid percentage has decreased from 101.1% last March 2023, to 100% a year later.

Back to Table of Contents Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024 $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 0 10 20 30 40 50 60 70 Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 000% 2000% 4000% 6000% 8000% 10000% 12000%
Median SalesPrice

Sonoma County

What's in the Sonoma data?

There were 473 single-family homes for sale, providing 1.7 months of inventory. There were 255 new listings, and 256 homes sold at a median price of $865k. The median overbid percentage was at 100%, with an average of 54 days on the market.

There were 63 condo and townhome units for sale, providing 1.7 months of inventory. There were 42 new listings and 39 units sold at a median sale price of $450k. The median overbid percentage was at 100%, with an average of 51 days on the market.

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from March 2023 to March 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated. 255 New Listings 1.7 Months of Inventory $865K Median Sale Price 100% Median Sale vs List 256 Sold Listings 54 Avg Days on Market
C Condo 42 New Listings 1.7 Months of Inventory $450K Median Sale Price 100% Median Sale vs List 51 Avg Days on Market 39 Sold Listings

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 0 200 400 600 800 1,000 1,200 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 0 20 40 60 80 100
LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sale price has increased from $822k last March 2023, to $865k as of March 2024

Condos & Townhomes

The median sale price has decreased from $500k last March 2023, to $450k as of March 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market remained the same from 54 days last March 2023, to 54 days as of March 2024

Condos & Townhomes

The average time spent on the market went up from 42 days in March 2023, to 51 days as of March 2024.

Overbids

Single-Family Homes

The overbid percentage has remained the same from 100% last March 2023, to 100% a year later

Condos & Townhomes

The overbid percentage has remained the same from 100% last March 2023, to 100% a year later.

Back to Table of Contents Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 0 10 20 30 40 50 60 70 Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 000% 2000% 4000% 6000% 8000% 10000% 12000%

Southe Centra Marin

What's in the Mari

There were 188 single-family providing 1 4 months of inve new listings, and 100 homes price of $2m. The median ov at 100.1%, with an average o market. There were 94 condo and tow sale, providing 1.9 months o were 48 new listings and 44 sale price of $760k. The med percentage was at 100%, wit days on the market.

reliable
not guaranteed. DRE# 01995149. Copyright KW Advisors San
| Napa Valley 2024. Each office is independently owned and operated. 108 New Listings 1.4 Months of Inventory $2M Median Sale Price 100.1% Median Sale vs List 100 Sold Listings 28 Avg Days on Market
The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from March 2023 to March 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed
but
Francisco
C Condo 48 New Listings 1.9 Months of Inventory $760K Median Sale Price 100% Median Sale vs List 52 Avg Days on Market 44 Sold Listings

LISTINGS FOR SALE SOLD LISTINGS

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 0 100 200 300 400 500 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 0 50 100 150 200

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 66m last March 2023, to $2 08m as of March 2024

Condos & Townhomes

The median sale price has decreased from $770k last March 2023, to $760k as of March 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 40 days last March 2023, to 28 days as of March 2024

Condos & Townhomes

The average time spent on the market went down from 56 days in March 2023, to 52 days as of March 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 100 8% last March 2023, to 100 1% a year later

Condos & Townhomes

The overbid percentage has remained the same from 100% last March 2023, to 100% a year later.

Back to Table of Contents Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 0 20 40 60 80 Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 000% 2000% 4000% 6000% 8000% 10000% 12000%
1624 California Street, San Francisco, CA 94109 2207 Lombard Street, San Francisco, CA 94123 951 California Boulevard, Napa, CA 94559 SanFrancisco NapaValley Click Here to Download PDF

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