MarketReport
Market Report for
County, Solano County & Sonoma County
Napa
October 2022 Copyright by KW Advisors 2022
What’syourhome reallyworthin today’smarket?
That's really the question you should be asking 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 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.
TwoQuestionsEvery HomebuyerShouldAsk ThemselvesRightNow
Rising interest rates have begun to slow an overheated housing market as monthly mortgage payments have risen dramatically since the beginning of the year. This is leaving some people, who want to purchase a home, priced out of the market, and others wondering if now is the right time to buy. But this rise in borrowing cost shows no signs of letting up soon.
Economic uncertainty and the volatility of the financial markets are causing mortgage rates to rise George Ratiu, Senior Economist and Manager of Economic Research at realtor com, says this:
“While even two months ago rates above 7% may have seemed unthinkable, at the current pace, we can expect rates to surpass that level in the next three months ”
So, is now the right time to buy a home? Anyone thinking about buying a home today should ask these two questions.
Napa
What's in the Napa data?
In Napa the median sold price for single-family homes in September increased month-over-month to $1 million. The number of homes sold decreased to 80, and the number of new listings decreased to 74. The number of condo and townhouse units sold increased to $630 thousand month-over-month with 12 units sold and 8 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise, leading to the rise in sales prices, and creating an imbalance between supply and demand.
SFH
Family Homes
2.6
Median Sale vs List
Listings
$1M
Avg Days on Market
The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from September 2021 to September 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.
74 New Listings
Months of Inventory
Median Sale Price 100%
30 80 Sold
Single
8 New Listings 1.3 Months of Inventory $630K Median Sale Price 100% Median Sale vs List 31 Avg Days on Market 12 Sold Listings CONDO Condo & Townhomes
Single Family Homes
Condos & Townhomes
September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022 600 400 200 0 September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022 60 40 20 0 LISTINGS FOR SALE VS SOLD LISTINGS Napa SEPTEMBER 2021 - SEPTEMBER 2022
Last 12 months, year over year.
Last 12 months, year over year
Median SalesPrice
Single Family Homes
The median sales price has increased from $875k last year's September to $1m this year
Condos & Townhomes
The median sales price increased from $503k last September 2021 to $630k a year later.
December2021January2022
Overbids
Single Family Homes
The overbid percentage has remain the same from 100% record last year's September to 100% this year.
Condos & Townhomes
The overbid percentage has remain the same from 100% record last year's September to 100% this year
February2022March2022April2022May2022June2022July2022August2022September2022
AVGDays OntheMarket
Single Family Homes
The average days on the market has decreased from 37 days of September 2021 to 30 days this September 2022.
Condos & Townhomes
Huge difference is seen on the average days on the Market as the 81 days from last year's becomes 31 days only a year later
September2021October2021November2021December2021January2022
$1,250,000 $1,000,000 $750,000 $500,000 $250,000 $0 September2021October2021November2021
February2022March2022April2022May2022June2022July2022August2022September2022 100 75 50 25 0 September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022 125% 100% 75% 50% 25% 0%
Solano
What's in the Solano data?
In Solano, the median sold price for single-family homes in September slightly increased month-over-month to $598 thousand. The number of homes sold decreased to 350 and the number of new listings also decreased to 346. The number of condo & townhome sales increased month-overmonth to $425 thousand month-over-month with 29 units sold and 31 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise, leading to the rise in sales prices, and creating an imbalance between supply and demand.
s
Price n Market
The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from September 2021 to September 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.
8K
31 New Listings 1.1 Months of Inventory $425K Median Sale Price 100% Median Sale vs List 44 Avg Days on Market 29 Sold Listings CONDO Condo & Townhomes
July2022August2022September2022 July2022August2022September2022 NGS y y
Median SalesPrice
Single Family Homes
The median sales price has gone up from $565k last September 2021, to $598k by September 2022
Condos & Townhomes
The median sales price has slightly increased from $380k in September 2021 to $425k by September 2022.
November2021December2021January2021February2021March2022April2022May2022June2022July2022August2022September2022
AVGDays OntheMarket
Single Family Homes
The average days on market slightly increased from 27 days last year to 40 days this year
Condos & Townhomes
October2021November2021December2021January2021February2021March2022April2022May2022June2022July2022August2022
Overbids
Single Family Homes
The overbid percentage has decreased from 101.5% last year to 100% this year's September.
Condos & Townhomes
The overbid percentage has slightly decreased from 103 7% last year to 100% this year's September
The average days on market significantly increased from 23 days last year's September, to 44 days this year
August2022September2022
September2021October2021
$750,000 $500,000 $250,000 $0 September2021
September2022 50 40 30 20 10 0 September2021October2021November2021December2021January2021February2021March2022April2022May2022June2022 July2022
125% 100% 75% 50% 25% 0%
Sonoma
What's in the Sonoma data?
In Sonoma, the median sold price for single-family homes in September slightly increased month-over-month to $815 thousand. The number of homes sold decreased to 312 and the number of new listings also decreased to 279. The number of condo and townhome sales was static monthover-month at $465 thousand with 45 units sold and 39 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise, leading to the rise in sales prices, and creating an imbalance between supply and demand.
39 New Listings 1.2 Months of Inventory $465K Median Sale Price 100% Median Sale vs List 40 Avg Days on Market 45 Sold Listings CONDO Condo & Townhomes
y y
Median SalesPrice
Single Family Homes
The median sales price slightly increased from $757k last year's September, to $815k this year
Condos & Townhomes
The median sales price has increased from $449k of September 2021 to $465k by September 2022.
December2021January2021February2021March2022April2022May2022June2022July2022August2022September2022
AVGDays OntheMarket
Single Family Homes
The average days on market slightly decreased from 52 days last year to 45 days by September this year.
Condos & Townhomes
October2021November2021December2021January2021February2021March2022April2022May2022June2022July2022August2022
The average days on market significantly decreased from 52 days last year to 40 days by September this year
Overbids
Single Family Homes
The overbid percentage has slightly decreased from 100.1% last year's September, to 100% this year.
Condos & Townhomes
The overbid percentage has remained the same from 100% last year to 100% this year's September
August2022
September2021October2021November2021
$1,000,000 $750,000 $500,000 $250,000 $0 September2021
September2022 60 40 20 0 September2021October2021November2021December2021January2021February2021March2022April2022May2022June2022 July2022
September2022 125% 100% 75% 50% 25% 0%
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 :