MarketReport
Market report
for Napa County, Solano County & Sonoma County for September 2022 Copyright by KW Advisors 2022
What’syourhome reallyworthin today’smarket?
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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.
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Napa
In Napa the median sold price for single-family homes in August decreased month-over-month to $1 million. The number of homes sold decreased to 49, and the number of new listings increased to 85. The number of condo & townhomes sales was static at $700 thousand month-overmonth with 3 units sold and 10 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 months’ supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
What's in the Napa data?
10 New Listings 2.3 Months of Inventory $700K Median Sale Price 93.6% Median Sale vs List 124 Avg Days on Market 3 Sold Listings CONDO Condo & Townhomes
Single Family
Homes
Last 12 months, year over year.
Last 12 months, year over year
August2022September2022October2022November2022December2022January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 750 500 250 0 August2022September2022October2022November2022December2022January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 75 50 25 0 LISTINGS FOR SALE VS SOLD LISTINGS Napa AUGUST 2021 - AUGUST 2022
Condos & Townhomes
AVGDays OntheMarket
The overbid percentage has decreased from 100% record last year's August to 95.80% this year.
The median sales price increased from $672k last August 2021 to $700k a year later.
August2022September2022October2022November2022December2022January2022February2022March2022April2022May2022June2022July2022August2022
The average days on the market has decreased from 50 days of August 2021 to 49 days this August 2022.
Overbids
August2022September2022October2022November2022December2022January2022
Huge difference is seen on the average days on the Market as the 83 days from last year's becomes 124 days only a year later
125% 100% 75% 50% 25% 0% Median SalesPrice
Single Family Homes
Single Family Homes
$1,250,000 $1,000,000 $750,000 $500,000 $250,000 $0 February2022March2022April2022May2022June2022July2022August2022 July2022August2022
Condos & Townhomes
Condos & Townhomes
The median sales price has increased from $897k last year's August to $1m this year
Condos & Townhomes
125 100 75 50 25 0 August2022September2022October2022November2022December2022January2022February2022March2022April2022May2022June2022
Single Family Homes
The overbid percentage has decreased from 100% last year's August, to 93 60% this year
What's in the Solano data?
In Solano, the median sold price for single-family homes in August slightly decreased month-over-month to $600 thousand. The number of homes sold decreased to 176 and the number of new listings also decreased to 456. The number of condo and townhome sales decreased monthover-month to $380 thousand with 18 units sold and 35 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 months’ supply of homes. When factoring in the number of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
Solano
The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from August 2021 to August 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.
456 New Listings 3.1 Months of Inventory $600K Median Sale Price 98.2% Median Sale vs List 35 Avg Days on Market 176 Sold Listings SFH Single Family Homes
35 New Listings 2.4 Months of Inventory $380K Median Sale Price 99.10% Median Sale vs List 35 Avg Days on Market 18 Sold Listings CONDO Condo & Townhomes
August2022September2022October2022November2022December2022January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 1500 1,000 500 0 August2022September2022October2022November2022December2022January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 125 100 75 50 25 0 Solano AUGUST 2021 - AUGUST 2022 LISTINGS FOR SALE VS SOLD LISTINGS Single Family Homes
Condos & Townhomes
Last 12 months, year over year
Last 12 months, year over year.
The median sales price has slightly decreased from $405k in August 2021 to $380k by August 2022.
Single Family Homes
AVGDays OntheMarket
Single Family Homes
The overbid percentage has decreased from 102.8% last year to 98.2% this year's August.
The median sales price has gone up from $575k last August 2021, to $600k by August 2022
Condos & Townhomes
Condos & Townhomes
August2022September2022October2022November2022December2022January2022February2022March2022April2022May2022June2022July2022August2022 $750,000 $500,000 $250,000 $0 August2022September2022October2022November2022December2022January2022February2022March2022April2022May2022June2022July2022August2022 40 30 20 10 0 August2022September2022October2022November2022December2022January2022February2022March2022April2022May2022June2022 July2022August2022 125% 100% 75% 50% 25% 0% Median SalesPrice
Single Family Homes
The overbid percentage has slightly decreased from 102 7% last year to 99 10% this year's August
The average days on market slightly increased from 25 days last year to 35 days this year
Overbids
Condos & Townhomes
The average days on market significantly increased from 18 days last year's August, to 35 days this year
Sonoma
In Sonoma, the median sold price for single-family homes in August slightly decreased month-over-month to $830 thousand. The number of homes sold decreased to 145 and the number of new listings also decreased to 265. The number of condo and townhome sales decreased monthover-month to $487 thousand with 26 units sold and 73 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 months’ supply of homes. When factoring in the number of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
What's in the Sonoma data?
The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from August 2021 to August 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.
265 New Listings 2.7 Months of Inventory $830K Median Sale Price 100%
37
145 Sold
SFH
Median Sale vs List Avg Days on Market Listings
Single Family Homes
73 New Listings 2.1 Months of Inventory $487K Median Sale Price 102.9% Median Sale vs List 27 Avg Days on Market 26 Sold Listings CONDO Condo & Townhomes
y y
125% 100% 75% 50% 25% 0% Median SalesPrice
Single Family Homes
Condos & Townhomes
The average days on market significantly decreased from 36 days last year to 27 days by August this year
$0 August2022September2022October2022November2022December2022January2022February2022March2022April2022May2022June2022July2022August2022 60 40 20 0 August2022September2022October2022November2022December2022January2022February2022March2022April2022May2022June2022 July2022
The median sales price has increased from $475k of August 2021 to $487k by August 2022.
$750,000
AVGDays OntheMarket
Condos & Townhomes
August2022September2022October2022November2022December2022January2022February2022March2022April2022May2022June2022July2022August2022
$1,000,000
The median sales price slightly increased from $760k last year's August, to $830k this year
Condos & Townhomes
$500,000 $250,000 August2022
The average days on market slightly increased from 36 days last year to 37 days by August this year.
The overbid percentage has decreased from 100.9% last year's August, to 100% this year.
Single Family Homes
The overbid percentage has slightly increased from 102 3% last year to 102 9% this year's August
Single Family Homes
Overbids
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 :
