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Napa County Single-Family Homes Among all seven counties we represent, Napa County displayed what could be considered the most peculiar trends of this fourth quarter. The $802,983 average home sale was down 13 percent year-over-year—its lowest point since Q2 2015. Yet, during this same time sales volume was up a Bay Area-leading 13 percent year-over-year, with a total of 308 homes sold in Napa County for Q4 2016. Furthering these anomalous trends was the county’s average 74 DOM moving 12 percent faster than a year prior. The best way to make sense of all this is to look at Napa County’s relative affordability, along with the fact that its inventory is increasing and many of its highestpriced homes have already left the market. In other words, sellers should not worry about any major devaluation of Napa County properties. It would be very surprising to see the average sales price continue to dip, as lower-priced alternatives to city living have been highly in demand and will continue to be throughout 2017.

NAPA COUNTY Average Sales Price

Days on Market

Average Price Per Sq. Ft.

Q4 2016

$802,983

74

$439

change

-10%

-4%

0%

Q3 2016

$887,718

77

$440

Q4 2016

$802,983

74

$439

change

-13%

-12%

0%

Q4 2015

$928,126

84

$438

* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance

Page 20 | McGuire Real Estate Quarterly Report - 4th Quarter 2016

Profile for McGuire Real Estate

McGuire Real Estate Quarterly Report | Fourth Quarter 2016  

McGuire's Quarterly Report for the San Francisco Bay Area Market for the 4th Quarter of 2016 featuring details on the state of the market in...

McGuire Real Estate Quarterly Report | Fourth Quarter 2016  

McGuire's Quarterly Report for the San Francisco Bay Area Market for the 4th Quarter of 2016 featuring details on the state of the market in...