MarketReport Market Report for Napa County January 2023 Copyright by KW Advisors 2023
What’syourhome reallyworthin today’smarket?
That's really the question you should be asking yourself
Our market is incredibly diverse, and it's changing rapidly Values vary not just by neighborhood, but by street Your home isn't necessarily worth what your neighbors is At the end of the day, the current market 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.
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WhatAreYourGoals intheHousingMarket ThisYear?
If buying or selling a home is one of your New Year’s resolutions, it’s essential for you to understand today’s housing market, define your goals, and work with industry experts to bring your homeownership vision for the new year into focus.
Napa
What's in the Napa data?
Napa's single-family housing market saw a decrease to an $849k median sold price. There were 61 units sold and 23 new listings. The condo & townhome market inclined month-over-month with 2 new listings, and 3 sales totaling approximately $967k. Buyers have remained aggressive with average offer prices remaining at around 100%. Due to only 6% of home purchases being completed, the market has seen a decrease in supply. Combine these factors with the surging demand, and the cost of buying continues being pushed up. This is creating an imbalance between the pricing range and active options in the marketplace.
Avg Days on Market
The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from December 2021 to December 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 2023. Each Office is independently owned and operated.
$849K
ventory
Median Sale Price 9% vs List 65 61 Sold Listings H amily Homes
2 New Listings 0.9 Months of Inventory $967K Median Sale Price 99.2% Median Sale vs List 50 Avg Days on Market 3 Sold Listings CONDO Condo & Townhomes
October2022November2022December2022 October2022November2022December2022 TINGS
Single Family Homes
The median sales price has decreased from $1m last December to $849k this year
Condos & Townhomes
The median sales price increased from $765k last December 2021 to $967k a year later.
AVGDays OntheMarket
Single Family Homes
The average days on the market has decreased from 73 days in December 2021 to 65 days this December 2022.
Condos & Townhomes
The average days on the market has increased from 44 days in December 2021 to 50 days this December 2022
Overbids
Single Family Homes
The overbid percentage has decreased from 100% record last year's December to 97.9% this year.
Condos & Townhomes
The overbid percentage has decreased from 101 1% record last year's December to 99 2% this year
December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022
December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022October2022November2022December2022 75 50 25 0 December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022October2022November2022December2022 125% 100% 75% 50% 25% 0%
$1,250,000 $1,000,000 $750,000 $500,000 $250,000 $0
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