May 2022
Napa Market Report
What's your home actually worth
IN TODAY'S MARKET That really is the question to ask yourself. Our market is incredible diverse and changes rapidly. Values vary not just by neighborhood, but by street. Your home isn't necessarily worth what your neighbors is. And at the end of the day, the current market sets your homes's value. So, do you know what your home is worth in today's market?
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Contact me for a confidential, no obligation, assessment of your home's value.
May 2022
Today’s Home Price Appreciation Is Great News for Existing Homeowners In any industry, when there are more buyers for an item than there are of that item available, prices naturally rise. In those situations, buyers are willing to pay more to get the product or service they’re looking for when options are scarce. And that’s exactly what’s happening in the current real estate market. Read more here.
Napa
What's in the Napa data? Napa’s median sold price for single-family homes increased to $971,000. The number of homes sold increased to 113 while the number of new listings also increased to 303. The number of condo & townhouses sales is at $640,000 with 23 new listings and 11 homes sold. This time of year, the demand (buyers) is higher than the supply (sellers) making the market more competitive. While temperatures start to rise, the market will begin to surge. With higher inflation, interest rates may rise, creating countervailing downward pressure on home prices due to the resulting higher monthly payments.
303 New Listings
113 Sold Listings
1.7 Months of Inventory
$971K Median Sale Price
99.7% Median Sale vs List
30 Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from BrokerMetrics for the period 04/2021 thru 04/2022. Data may include preliminary data and may vary from the time this data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams San Francisco. 415.483.9285 DRE# 01995149 | DRE# 01906450 Copyright Keller Williams San Francisco | Peninsula Estates 2022. Each Office is independently owned and operated.
23 New Listings
11 Sold Listings
1.1 Months of Inventory
$640K Median Sale Price
112.8% Median Sale vs List
Napa at a glance
16 CONDOS & TOWNHOMES
Avg Days on Market
20 21
20 21
20 21
CONDOS
Last 12 months, year-over-year Ap ril 20 22
20 21
20 21
20 21
Ap ril 20 22
Au gu st 20 21 Se pt em be r2 02 1 O ct ob er 20 21 N ov em be r2 02 1 De ce m be r2 02 1 Ja nu ar y 20 22 Fe br ua ry 20 22 M ar ch 20 22
Ju ly
Ju ne
M ay
Ap ril 20 21
SALE VS
Au gu st 20 21 Se pt em be r2 02 1 O ct ob er 20 21 N ov em be r2 02 1 De ce m be r2 02 1 Ja nu ar y 20 22 Fe br ua ry 20 22 M ar ch 20 22
Ju ly
Ju ne
M ay
Ap ril 20 21
LISTINGS FOR SOLD LISTINGS
NAPA APRIL 2021 - APRIL 2022
600
400
200
0
SINGLE FAMILY HOMES
Last 12 months, year-over-year
75
50
25
0
NAPA COUNTY MAY 2022
$1,250,000
Single Family Homes $750,000
$500,000
Condos & Townhomes $250,000
$0
100
75
The median sales price increased from $565k last April 2021 to $640k a year later.
Single Family Homes A significant downslope of average days on Market is seen as this year records 30 days compared to last year's 55 days.
50
25
Condos & Townhomes
0
Huge difference is seen on the average days on the Market as the 89 days from last years becomes 16 days only after a year.
Ap ril 20 21 M ay 20 21 Ju ne 20 21 Ju ly 20 21 Au gu st 20 Se 21 pt em be r2 02 O 1 ct ob er 20 N ov 21 em be r2 De 02 ce 1 m be r2 02 1 Ja nu ar y 20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 22
AVG DAYS ON MARKET
The median sales price has slightly increased from $950k last year's April to $971k this year.
Ap ril 20 21 M ay 20 21 Ju ne 20 21 Ju ly 20 21 Au gu st Se 20 pt 21 em be r2 02 O 1 ct ob er 20 N ov 21 em be r2 De 02 ce 1 m be r2 02 Ja 1 nu ar y 20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 22
MEDIAN SALES PRICE
$1,000,000
125%
Single Family Homes 100%
75%
The overbid percentage is almost steady with 99.7% this year's April, compared with the 99.8% record from last year.
25%
0%
Ap ril 20 21 M ay 20 21 Ju ne 20 21 Ju ly 20 21 Au gu st 20 Se 21 pt em be r2 02 O 1 ct ob er 20 N ov 21 em be r2 De 02 ce 1 m be r2 02 1 Ja nu ar y 20 Fe 22 br ua ry 20 22 M ar ch 20 22 Ap ril 20 22
OVERBIDS
50%
Condos & Townhomes The overbid percentage shows a promising increase from 96.8% last year to 112.8% this year.
Keller Williams Napa Valley 951 California Boulevard, Napa, CA 94559
Keller Williams San Francisco 1624 California Street, San Francisco CA 94109 2207 Lombard Street, San Francisco, CA 94123 Keller Williams Peninsula Estates 1430 Howard Avenue, Burlingame, CA 94010 16 E 3rd Avenue, San Mateo, CA 94401 Keller Williams Palo Alto 505 Hamilton Ave Suite #100, Palo Alto, CA 94301