Real Estate Report presented by Information Designs

May 2017 Report

Single Family Homes in Napa County, All Cities, All Neighborhoods Change >


Median Price
$680,000
+1.5%
Average Price
$859,486
+4.1%
No. Sold
84
-26.3%
Pending Properties
50
+6.4%
Active
319
+20.8%
Sale/List Price Ratio
99.2%
+1.1%
Days on Market
96
-1.0%
Days of Inventory
110
+58.7%

Market Barometer

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Market Commentary

The median price for single-family, re-sale homes in Napa County is again bumping up against the record of $687,200 set in November 2014.

Home sales were down 11.6% from the year before.

Properties are being sold quickly. Average Days on Market, which calculates the time from when a property first goes on the market to when it enters escrow, effectively taking it off the market, was ninety-Six days for homes compared to an average of one hundred and two days since January 2009.

Days of Inventory is under four months at one hundred and ten days.

NUGGETS

Below are links to some real estate articles we thought might be useful, or at least informative for you.

A BUYERS' AND SELLERS' GUIDE TO MULTIPLE OFFER NEGOTIATIONS: FROM THE NATIONAL ASSOCIATION OF REALTORS®
This white paper from the NAR’s includes tips for both buyers and sellers.
http://tinyurl.com/j6t65qs


THE ADVANTAGES OF OWNING REAL ESTATE IN A SINGLE-MEMBER LLC: FROM MARKETWATCH
Tax simplicity + liability protection

Single-member limited liability companies (SMLLCs) are limited liability companies (LLCs) with only one member (owner). As with a corporation, operating a business or investment activity as an LLC generally protects your personal assets from exposure to liabilities related to the activity — under applicable state law. However, SMLLCs offer some unique tax attributes that make them ideal real estate ownership vehicles. Here’s the story on their advantages.
http://tinyurl.com/kt5bkdt


3 MORTGAGE TRICKS EVERY HOMEOWNER SHOULD KNOW: FROM THE MOTLEY FOOL
Saving money on your mortgage payments

  1. Accelerate your 30-year loan
  2. Pay every two weeks rather than monthly
  3. Refinance to a shorter term

http://tinyurl.com/jw2ofjg

Prices & Sales

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Days of Inventory

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Sales to Date

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Sales Price Ratio

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