Year over year statistical data for Napa County ending September , 2021

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 September 2021. 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

Quick Facts

Year over year statistical data for Napa County ending September, 2021

SOLD

119

LISTED

123

PRICE

$1,217,000

DOM

53

September saw a continued inventory struggles with a -19.6% decrease year over year with only 119 closed sales. New inventory remains low with only 260 homes being listed in September which equates to a -12.9% year over decrease. As interest rates remain at extreme lows and no indication the federal reserve will be increasing the rates anytime soon I think we are safe to assume the market will remain in a high buyer demand, short inventory controlled market. 

Our DOM (Days On Market) remain somewhat steady 53 days. This means the average home is taking 53 days to sell on the open market. This number is somewhat skewed given Napa’s high end values prolong the stats. If a home values under $1 million and is marketed and listed right, a seller could expect a good solid offer within a couple of weeks not 53 days. However, if your home is valued at much more then $1 million those days will increase. Our list to sold ratio remain wide apart with a list price averaging $3,403,000 and the sold price right at $1,217,000 you can see this reflects what we just mentioned. higher priced homes bring the market down statistically. 

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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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