July 2022
Napa County
Market Report
What's your home actually worth
IN TODAY'S MARKET That really is the question to ask yourself. Our market is incredibly diverse and changes 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 your homes's value. So, do you know what your home is worth in today's market?
I can help
Contact me for a confidential, no obligation, assessment of your home's value.
July 2022
If You’re Selling Your House This Summer, Hiring a Pro Is Critical It can be tempting, especially with how hot the housing market has been over the past two years, to consider selling your home on your own. But today’s market is at a turning point, making it more essential than ever to work with a real estate professional. Not only will a trusted real estate advisor keep you updated and help you make the best decisions based on current market trends, but they’re also experts in managing the many aspects of selling your house. Here are five key reasons why working with a real estate professional makes sense today.
Napa
What's in the Napa data? Napa’s median sold price for single-family homes increased slightly to $990,000. The number of homes sold also increased to 105 while the number of new listings also increased slightly month-over-month to 311. The number of condo & townhouses sales decreased month-over-month at $570,000 with 22 new listings and 14 homes sold. Only about 6% of all homes for sale were actually completed due to supply constraints which is adding to the scarcity of home supply. Meanwhile the demand for homes continues to rise albeit the rise in sales prices creating an imbalance in supply and demand.
311 New Listings
105 Sold Listings
2.1 Months of Inventory
$990K Median Sale Price
92.5% Median Sale vs List
41 Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from BrokerMetrics for the period 06/2021 thru 06/2022. 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 KW Advisors. 415.483.9285 DRE# 01995149 | DRE# 01906450 Copyright KW Advisors 2022. Each Office is independently owned and operated.
22 New Listings
14 Sold Listings
1.1 Months of Inventory
$570K Median Sale Price
102.5% Median Sale vs List
Napa at a glance
30 CONDOS & TOWNHOMES
Avg Days on Market
20 21
20 21
CONDOS
Last 12 months, year-over-year Ju ne
M ay
20 22
20 22
20 21
20 21
Ju ne
M ay
20 22
20 22
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
SALE VS
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
LISTINGS FOR SOLD LISTINGS
NAPA JUNE 2021 - JUNE 2022
600
400
200
0
SINGLE FAMILY HOMES
Last 12 months, year-over-year
75
50
25
0
NAPA COUNTY JULY 2022
$1,250,000
Single Family Homes The median sales price has increased from $927k last year's June to $990k this year.
$750,000
$500,000
Condos & Townhomes The median sales price decreased from $605k last June 2021 to $570k a year later.
$250,000
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 M ay 20 22 Ju ne 20 22
Ju ly
20 21
$0
Ju ne
MEDIAN SALES PRICE
$1,000,000
Single Family Homes
100
The average days on the market has decreased from 49 days of June 2021 to 41 days this June 2022.
50
Condos & Townhomes
0
Huge difference is seen on the average days on the Market as the 82 days from last year's becomes 30 days only a year later.
Ju ly
20 21
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 M ay 20 22 Ju ne 20 22
25
Ju ne
AVG DAYS ON MARKET
75
125%
Single Family Homes 100%
The overbid percentage down from 96.4% record last year's June, to 92.4% this year.
75%
Condos & Townhomes
25%
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 M ay 20 22 Ju ne 20 22
20 21
Ju ly
20 21
0%
Ju ne
OVERBIDS
50%
The overbid percentage steadily rose from 101.1% last year's June, to 102.5% this year.
Napa Valley 951 California Boulevard, Napa, CA 94559
San Francisco 1624 California Street, San Francisco CA 94109 2207 Lombard Street, San Francisco, CA 94123 Peninsula Estates 1430 Howard Avenue, Burlingame, CA 94010 16 E 3rd Avenue, San Mateo, CA 94401 Palo Alto 505 Hamilton Ave Suite #100, Palo Alto, CA 94301