MarketReport Market report for Napa County for September 2022 Copyright by KW Advisors 2022
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Napa
What's in the Napa data?
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.
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
Last 12 months, year over year
Homes
Single Family
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
Condos & Townhomes
Condos & Townhomes
The overbid percentage has decreased from 100% last year's August, to 93 60% this year
The overbid percentage has decreased from 100% record last year's August to 95.80% this year.
Condos & Townhomes
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
Single Family Homes
August2022September2022October2022November2022December2022January2022
The median sales price increased from $672k last August 2021 to $700k a year later.
The average days on the market has decreased from 50 days of August 2021 to 49 days this August 2022.
125 100 75 50 25 0 August2022September2022October2022November2022December2022January2022February2022March2022April2022May2022June2022
125% 100% 75% 50% 25% 0% Median SalesPrice
AVGDays OntheMarket
Overbids
Single Family Homes
$1,250,000 $1,000,000 $750,000 $500,000 $250,000 $0 February2022March2022April2022May2022June2022July2022August2022 July2022August2022
The median sales price has increased from $897k last year's August to $1m this year
Single Family Homes
August2022September2022October2022November2022December2022January2022February2022March2022April2022May2022June2022July2022August2022
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 :
