MarketReport Market
December 2022 Copyright by KW Advisors 2022
Report for Napa County
Whatisyour homereallyworth intoday’smarket?
This is a question we should all be asking ourselves
Our market is incredibly diverse, and changing rapidly Values may vary, not just by neighborhood, but by street Your home isn't necessarily worth what your neighbors' home is The current market is what sets the value of your home
So, do you know what your home is worth in today's market?
Contact me for a confidential, no obligation assessment of your home's value.
Icanhelp...
WhyThereWon’tBeaFlood ofForeclosuresComingtothe HousingMarket
With the rapid shift that’s happened in the housing market this year, some people are raising concerns that we’re destined to repeat the crash we saw in 2008. Though there are some parallels, the current market conditions differ significantly from those of the dot-com bubble in 2000. This time around the market presents a much more stable and secure landscape than it did previously, thanks to significantly reduced levels of foreclosure. Here’s a look at why there won’t be a wave of foreclosures flooding the market.
Napa
What's in the Napa data?
Napa’s single-family housing market increased to a $1 million median with 61 homes sold and the number of new listings decreased to 46. The number of condo and townhouse units sold increased to $732 thousand with 12 units sold and 7 new listings. Buyers have remained aggressive with offer prices persisting at around 100%. Due to only 6% of sales being finalized, the market is experiencing a supply shortage. Combined with surging demand, the cost of buying continues to increase, creating an imbalance between the pricing range and active options in the marketplace.
46 w Listings 2.5 onths of Inventory $1M Median Sale Price 98.9%
Sale
List 63 61 Sold Listings SFH ingle Family Homes
edian
vs
Avg Days on Market
The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from November 2021 to November 2022. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285 DRE# 01995149 | DRE# 01906450 Copyright KW Advisors 2022. Each Office is independently owned and operated.
7 New Listings 1.3 Months of Inventory $732K Median Sale Price 100.6% Median Sale vs List 25 Avg Days on Market 12 Sold Listings CONDO Condo & Townhomes
November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022 500 400 300 200 100 0 November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022October2022November2022 60 40 20 0 LISTINGS FOR SALE SOLD LISTINGS Napa NOVEMBER 2021 - NOVEMBER 2022 Single Family Homes Last 12 months, year-over-year. Condos & Townhomes Last 12 months, year-over-year
Single Family Homes
The median sales price has increased from $822k last year's November to $1m this year
Condos & Townhomes
The median sales price increased from $565k last November 2021 to $732k a year later.
AVGDays OntheMarket
Single Family Homes
The average days on the market has increased from 51 days of November 2021 to 63 days this November 2022.
Condos & Townhomes
The average days on the market has decreased from 40 days of November 2021 to 25 days this November 2022
Overbids
Single Family Homes
The overbid percentage has decreased from 100% record last year's November to 98.9% this year.
Condos & Townhomes
The overbid percentage has slightly increased from 100% record last year's November to 100 6% this year
December2021January2022
November2021
February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022
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75 50 25 0 November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022 125% 100% 75% 50% 25% 0%
$1,250,000 $1,000,000 $750,000 $500,000 $250,000 $0 November2021
November2022
Median SalesPrice
1624 California Street, San Francisco CA 94109 2207 Lombard Street, San Francisco, CA 94123 SanFrancisco 1430 Howard Avenue, Burlingame, CA 94010 16 E 3rd Avenue, San Mateo, CA 94401 PeninsulaEstates 505 Hamilton Ave Suite #100, Palo Alto, CA 94301 PaloAlto : 951 California Boulevard, Napa, CA 94559 NapaValley