Napa Valley real estate is highly desirable due to its beautiful location and high quality of living. With gorgeous landscapes surrounded by lush scenery and world-renowned wineries, residents find solace in life. The Napa housing market is something you’ll want to pay attention to if you’re looking to buy. As we are still slightly coming back from the housing market crash, Napa Valley is one the better real estate markets this year.
More Information on the Napa Housing Market
According to the Bay Area Real Estate Information Service, the home prices in the Napa Housing Market increased a total of 4.3% for the first 6-months of 2015. Home price rose from an average of $627,101 to $654,055. Houses sold in the last 6-month period also saw an increase. Napa County has a 5.5% increases for homes sold. An increase in homes sold portrays a thriving Napa housing market. This is one of the highest increases for homes sold in the nation.
The Napa housing market has seen a dramatic increase from the year 2011 when the average sold price was about $303,500. With a vibrant economy and a rise in homes sold, investor and builders are looking to Napa Valley real estate. The area is predicted to see a stable flow of inventory in the next 6-months as well. Tourism is also seeing an increase in Napa Valley, which helps boost the economy.
Although the Napa Valley housing market hasn’t seen the numbers since before the recession, it is definitely heading in the right direction. Napa housing trends show that it is still difficult for first-time buyers to break into the market. Napa is seeing a large influx of second-time buyers.
If you’re looking to buy Napa Valley real estate, the housing market is showing signs that it is a good time to get into the Napa area. It is stable market with good home values. If you would like to know more information about buying or selling Napa CA real estate, Ellen Politz is here to help you! Call 707-363-2133.
Published on 2015-08-24 08:38:28
