The Cunningham Group - May 2024 Market Report Napa Valley Area

Page 1

Copyright by KW Advisors 2024 May 2024

Napa Valley Area

Napa County

Jump to Napa County Report

Solano County

Jump to Solano County Report

Sonoma County

Jump to Sonoma County 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.

WhatIsGoingonwith MortgageRates?

You may have heard mortgage rates are going to stay a bit higher for longer than originally expected. And if you’re wondering why, the answer lies in the latest economic data. Here’s a quick overview of what’s happening with mortgage rates and what experts say is ahead.

Economic Factors That Impact Mortgage Rates

When it comes to mortgage rates, things like the job market, the pace of inflation, consumer spending, geopolitical uncertainty, and more all have an impact. Another factor at play is the Federal Reserve (the Fed) and its decisions on monetary policy. And that’s what you may be hearing a lot about right now. Here’s why.

The Fed decided to start raising the Federal Funds Rate to try to slow down the economy (and inflation) in early 2022. That rate impacts how much it costs banks to borrow money from each other. It doesn’t determine mortgage rates, but mortgage rates do respond when this happens. And that’s when mortgage rates started to really climb.

Get instant pre-approval and FAST closing -plus a dedicated loan advisor -- for the ultimate mortgage journey. The Customer-Centric Mortgage
The Simplest Mortgage Approval Ever
Buying a home should be painless. Find your financing right here! Contact me, your Real Estate Expert, for support and to learn more about REMA. Get Pre-Approved Online In Minutes without affecting your credit score! Our Fast Digital Loan Process... Get pre-approved online in minutes! Your personal Finance Manager is there to help! Your Finance Manager sources a vast array of wholesale & retail lenders for your best rate. Your Finance Manager does the heavy lifting. So you get to funding quickly & easily. Get Fast Loan Pre-Approval Find A Great Rate Quickly Stop Worrying Your Personal "Easy" button A Dedicated Loan Advisor... Let our financial tools work hard for you. We gather the largest array of wholesale & retail lenders to compete for your loan! So you get the lowest rate while we do the work. Enjoy our silky smooth platform, along with passionate, live support from your dedicated Finance Manager. Mortgage expertise at every step! You work hard for your money.

PROTECT

WHAT YOU DON’T EXPECT

You can’t always see a breakdown coming, but you can plan for it with American Home Shield. Our home service plans help fix or replace covered home systems and appliances, and help you stay on budget. Protect what you don’t expect.

CLICK HERE TO WATCH THE VIDEO

Contact me, your Real Estate Expert, for support and to learn more about AHS. READY TO GET STARTED?

Looking to lighten the mood in your laundry room?

EIGHTEYECATCHING

Laundry Room Colors

To Look Out For

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

Tranquil Blue

View it here

Sage Green

View it here

Eight Colrs fo Laundry

White

View it here

Yellow

View it here

Gray

View it here

Dusty Pink

View it here

View it here

Navy Blue 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/

Want to know how Home Concierge can help with your listing? Contact me today!
Want to know how Acton ADU can help add an Accessory Dwelling Unit to your property to increase its value? Contact me today! YOUR TRUSTED ADU BUILDERS IN CALIFORNIA Bringing Families Closer with Custom Living Spaces for Over 30 Years! See Our 5-Star Reviews!

Be amazed at your property’s potential. Our experts use advanced 3D visualization and 3D model building to turn your ideas into tangible

With 30+ years of craftsmanship behind our belts, our skilled team creates your dream ADU – tailored to your family’s needs and

01 02 03 VISION TO REALITY EFFORTLESS PERMITTING EXPORT CONSTRUCTION BEAUTIFUL,PERSONALIZED,AND HIGHQUALITY.
from building an ADU in your backyard to anywhere else on your property,
Acton ADU is the name you can rely on for your California accessory dwelling unit project
Explore our comprehensive services,
and discover why
ADU plans
most
details
Leave the paperwork to us. Acton ADU simplifies the permitting process, allowing you to focus on what matters
while we handle the
living ACTONADULICENSENUMBER:#638333
designed for modern

VENDOR DIRECTORY

When it comes to home ownership, knowing who you can trust is crucial. That's why we've curated a select list of trusted vendors who are ready to help with your home goals.

CLICK HERE CLICK HERE
for your mortgage needs for your home warranty needs
CLICK HERE CLICK HERE for your home renovation needs for your insurance needs CLICK HERE for your all-in-one solution to ADUs (Accessory Dwelling Units)

Napa County

What's in the Napa County data?

There were 262 single-family homes for sale, providing 3.8 months of inventory. There were 97 new listings, and 81 homes sold at a median price of $945k. The median overbid percentage was at 100%, with an average of 54 days on the market

There were 34 condo and townhome units for sale, providing 3.2 months of inventory. There were 17 new listings and 9 units sold at a median sale price of $750k. The median overbid percentage was at 100%, with an average of 32 days on the market.

Single-Family Homes

97 New Listings

81 Sold Listings

3.8 Months of Inventory

$945K Median Sale Price

100%

Median Sale vs List

54 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from April 2023 to April 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.

SFH

New Listings

3.2

Months of Inventory $750K Median Sale Price

Median Sale vs List 32 Avg Days on Market 9 Sold Listings

CONDO
Condo & Townhomes 17
100%

NapaCounty

APRIL 2023 - APRIL 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

0 100 200 300 400 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 0 10 20 30 40 50 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sale price has increased from $820k last April 2023, to $945k as of April 2024

Condos & Townhomes

The median sale price has increased from $697k last April 2023, to $750k as of April 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 59 days last April 2023, to 54 days as of April 2024

Condos & Townhomes

The average time spent on the market went down from 49 days in April 2023, to 32 days as of April 2024.

Overbids

Single-Family Homes

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

Condos & Townhomes

The overbid percentage has increased from 99.7% last April 2023, to 100% a year later.

Back to Table of Contents $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024 0 20 40 60 80 100 120 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 Apr2024 000% 2000% 4000% 6000% 8000% 10000% 12000% Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024Apr2024

Solano County

What's in the Sola data?

There were 546 single-family providing 2 months of invent new listings, and 271 homes price of $595k. The median o was at 100%, with an average market.

There were 48 condo and tow sale, providing 1.8 months of were 28 new listings and 23 sale price of $400k. The med percentage was at 100%, wit days on the market

354 New Listings

2 Months of Inventory

100% Median Sale vs List

271 Sold Listings

$595K Median Sale Price

44 Avg Days on Market

homes, condos and 2024. This may include gathered. All data is deemed Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

28 New Listings

Listings

100%
32
1.8 Months of Inventory $400K Median Sale Price
Median Sale vs List
Avg Days on Market 23 Sold

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

nty
0 100 200 300 400 500 600 700 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 0 20 40 60 80 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sale price has increased from $574k last April 2023, to $595k as of April 2024

Condos & Townhomes

The median sale price has increased from $355k last April 2023, to $400k as of April 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 47 days last April 2023, to 44 days as of April 2024

Condos & Townhomes

The average time spent on the market remained the same from 32 days in April 2023, to 32 days as of April 2024.

Overbids

Single-Family Homes

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

Condos & Townhomes

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

Back to Table of Contents $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024 0 10 20 30 40 50 60 70 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 Apr2024 000% 2000% 4000% 6000% 8000% 10000% 12000% Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024Apr2024

Sonoma County

What's in the Sonoma data?

There were 669 single-family homes for sale, providing 2.3 months of inventory. There were 338 new listings, and 303 homes sold at a median price of $850k. The median overbid percentage was at 100%, with an average of 52 days on the market.

There were 74 condo and townhome units for sale, providing 1.9 months of inventory. There were 30 new listings and 36 units sold at a median sale price of $515k. The median overbid percentage was at 100%, with an average of 57 days on the market.

Single-Family Homes

338 New Listings

303 Sold Listings

2.3 Months of Inventory

$850K

Median Sale Price

100%

Median Sale vs List

52 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from April 2023 to April 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.

SFH

30 New Listings

36 Sold Listings

1.9

Months of Inventory $515K

Median Sale Price 100%

Median Sale vs List 57 Avg Days on Market

CONDO
Condo & Townhomes

SonomaCounty

APRIL 2023 - APRIL 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

0 200 400 600 800 1,000 1,200 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 0 20 40 60 80 100 120 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sale price has increased from $842k last April 2023, to $850k as of April 2024

Condos & Townhomes

The median sale price has increased from $482k last April 2023, to $515k as of April 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 54 days last April 2023, to 52 days as of April 2024

Condos & Townhomes

The average time spent on the market went up from 31 days in April 2023, to 57 days as of April 2024.

Overbids

Single-Family Homes

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

Condos & Townhomes

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

Back to Table of Contents $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024 0 10 20 30 40 50 60 70 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 Apr2024 000% 2000% 4000% 6000% 8000% 10000% 12000% Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024Apr2024

Southern/ Central Marin

What's in the Marin data?

There were 288 single-family homes for sale, providing 2 1 months of inventory There were 159 new listings, and 152 homes sold at a median price of $1.7m. The median overbid percentage was at 103.2%, with an average of 23 days on the market.

There were 115 condo and townhome units for sale, providing 2.4 months of inventory. There were 46 new listings and 55 units sold at a median sale price of $701k. The median overbid percentage was at 100%, with an average of 43 days on the market.

Single-Family Homes

159 New Listings

152 Sold Listings

2.1 Months of Inventory

$1.75M Median Sale Price

103%

Median Sale vs List

23 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from April 2023 to April 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.

SFH

46

New Listings

Inventory

Median Sale vs List

Avg Days on Market 55 Sold Listings

C
Condo
2.4 Months of
$701K Median Sale Price 100%
43
12 months, year-over-year.
year-over-year 0 100 200 300 400 500 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 0 50 100 150 200 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 LISTINGS FOR SALE SOLD LISTINGS
Single-Family Homes Last
Condos & Townhomes Last 12 months,

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $1 78m last April 2023, to $1 75m as of April 2024

Condos & Townhomes

The median sale price has decreased from $749k last April 2023, to $701k as of April 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 25 days last April 2023, to 23 days as of April 2024

Condos & Townhomes

The average time spent on the market went down from 51 days in April 2023, to 43 days as of April 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 101 5% last April 2023, to 103 2% a year later

Condos & Townhomes

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

Back to Table of Contents $0 $500,000 $1,000,000 $1,500,000 $2,000,000 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024 0 20 40 60 80 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 Apr2024 000% 2000% 4000% 6000% 8000% 10000% 12000% Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024Apr2024
1624 California Street, San Francisco, CA 94109 2207 Lombard Street, San Francisco, CA 94123 951 California Boulevard, Napa, CA 94559 SanFrancisco NapaValley TheCunninghamGroup REALTOR® Brentwood (310) 482-2033 Info@CunninghamRE.com www.CunninghamRE.com
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.