June 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.
June 2022
How Homeownership Impacts You June is National Homeownership Month, and it’s the perfect time to reflect on how impactful owning a home can truly be. When you purchase a house, it becomes more than just the space you occupy. It’s your stake in the community, an investment, and a place you can put your stamp on. If you’re thinking about buying a home this year, here are some of the benefits you’ll experience when you do. Read more here.
Napa
What's in the Napa data? Napa’s median sold price for single-family homes decreased slightly to $929,000. The number of homes sold also decreased to 98 while the number of new listings was static month-over-month at 301. The number of condo & townhouses sales decreased monthover-month at $600,000 with 26 new listings and 11 homes sold. As temperatures are rising, the market is showing signs of cooling. Year over year inflation has gone down from 6.6% to 6.3% which was also lower that what the Personal Consumption Expenditures (PCE) report estimated for this month.
301 New Listings
98 Sold Listings
1.5 Months of Inventory
$929K Median Sale Price
99.3% Median Sale vs List
45 Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from BrokerMetrics for the period 05/2021 thru 05/2022. 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.
26 New Listings
11 Sold Listings
0.3 Months of Inventory
$600K Median Sale Price
106.3% Median Sale vs List
Napa at a glance
30 CONDOS & TOWNHOMES
Avg Days on Market
20 21
20 21
20 21
CONDOS
Last 12 months, year-over-year M ay 20 22
20 21
20 21
20 21
M ay
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
M ay
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
M ay
LISTINGS FOR SOLD LISTINGS
NAPA MAY 2021 - MAY 2022
600
400
200
0
SINGLE FAMILY HOMES
Last 12 months, year-over-year
75
50
25
0
NAPA COUNTY JUNE 2022
$1,250,000
Single Family Homes The median sales price has increased from $810k last year's May to $982.5k this year.
$750,000
$500,000
Condos & Townhomes The median sales price increased from $550k last May 2021 to $600k 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
Ju ly
20 21
20 21
$0
M ay
MEDIAN SALES PRICE
$1,000,000
Single Family Homes
100
A significant downslope of average days on Market is seen as this year records 45 days compared to last year's 50 days.
50
0
Huge difference is seen on the average days on the Market as the 47 days from last years becomes 30 days only after a year.
20 21
Ju ly
20 21
Ju ne
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
Condos & Townhomes
20 21
25
M ay
AVG DAYS ON MARKET
75
125%
Single Family Homes 100%
The overbid percentage goes back to the same percentage from the same month last 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
20 21
Ju ly
20 21
Ju ne
20 21
0%
M ay
OVERBIDS
50%
The overbid percentage shows a promising increase from 100.1% last year to 106.3% 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