May 2024 Market Report Napa County

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.

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.

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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

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Sage Green

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Eight Colrs fo Laundry

White

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Yellow

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Gray

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Dusty Pink

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Navy Blue Purple

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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/

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

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.

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.

New Listings

3.2

Months of Inventory $750K Median Sale Price

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

NapaCounty

APRIL 2023 - APRIL 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

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.