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Year over year statistical data for Solano County ending March 2022

This report is generated around the 20th of each month once the previous months numbers have been posted. What we see here is a report generated for the Napa County Housing Market through March 2022. So we are always looking a month behind. Our statistics are derived from the Bay Area Real Estate Information Services (BAREIS)  This is the Multiple Listing Service provider for all real estate brokerages in Napa County. If you have questions or wish to know a more specific account of your properties value and the timing of either selling or buying we are always happy to jump on a Zoom or meet with you at your property to evaluate and discuss a strategy. We can be reached via cell/text 707.580.3499 or email us at concierge@elitepartnersrealestate.com

SOLD

113

LISTED

182

PRICE

$1,301

DOM

57

The Spring selling season is officially here and month over month number are looking a lot like we did a year ago. In March 2022 we sold 113 homes which was +48.7% month over month but actually down -12.4% year over year.  The number of homes listed for sale during the same period was 182 which was +21.3% month over month and down -12.5% year over year.

Overall we are down in the market about -13% compared to a year ago. Our average price per square foot reached 7 month high of $696 (Good for +20% increase year over year) and the second highest we have seen in 18 months. Even as interest rates continue to rise buyer demand remains steady as inventory levels continue on a snails pace. 

We also saw a good bounce back to our average price high with a solid $1,301,000 average price of a sold home which is +10% year over year. Many economist predict a +8% appreciation in California for the remainder of the year. Our DOM (Days On Market) remains steady at 57 days. Most homes sell quicker if priced right and compared to surrounding counties this number is pretty high. It is much smaller if you take away the multi-million dollar homes that remain on the market longer than others. 

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The opinions expressed in this report are those of Don McDonald, Founding partner, and REALTOR with RE/MAX Elite Partners brokered through RE/MAX Gold. They are not in any way intended to express what RE/MAX, RE/MAX Gold or any other agent or brokerage may think. It is my honest analysis backed but some market data. Check back each month around the 25th or so for an update as we continue down this path. 

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If you live here already, you know how blessed we are. If you’re considering living or investing here, you’ve probably experienced some of the area’s extraordinary possibilities: country settings and small-town communities; enthralling agricultural beauty, and true farm to fork lifestyle, If Northern California is your real estate destination, you’ve arrived at the right spot. Whether you’re looking to buy your first home – or to sell an estate – expect nothing less from us than a Meritage blend of real estate expertise, professional service, creativity, and a passion for achieving your goals. 

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Mike Martin and The Elite Partners were a great help in finding our first home , he answered all our questions and was honest on what he could and couldn’t do. When we contacted him he got back to us within a few hours which was great , it made the whole process less stressful and fore the most part pretty easy. We love our new home and would happily recommend Mike and the RE/MAX Elite Partners.

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Steve Cohn is an excellent realtor. When my wife and I were buying our first home he was eager to help. He knows and understands the process of buying a home as well as the market very well. Steve and the RE/MAX Elite Partners were responsive and helped us out the whole way through. I will surely use him in the future and have recommended him to a number of people already.

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It was a pleasure to work with Victoria to sell our first home. She was very knowledgeable and helped us through the hole processes. She made sure we understood what was happening and what we needed to do as sellers. If we were staying in the area we would have helped her find our new home as well. She and The Elite Partners were able to refer us to another great agent when we purchased our next home. I highly recommend her if you are looking to buy or sell your home.

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