June 2024 Market Report Napa Valley Area

Napa Valley Area

Napa County

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Solano County

Jump to Solano County Report

Sonoma County

Jump to Sonoma County Report

Jump to Marin Report Southern/Central Marin

What’syourhome reallyworthin today’smarket?

That's the question you should be asking yourself.

Our market is incredibly diverse and rapidly changing. Values vary not just by neighborhood but by street. Your home isn't necessarily worth what your neighbors' home is. It's the current market that sets the value of your home.

So, do you know what your home is worth in today's market?

Icanhelp...

Contact me for a confidential, no obligation assessment of your home's value.

WhatToExpectifYouBuyor SellaHomeThisJune

June is a busy month in the housing market because a lot of people buy and sell this time of year. So, if you’ve got a move on your mind and you’re looking to make it happen this month, here’s a snapshot of what you need to know to make sure you’re ready.

If You’re Buying This June

A lot of homebuyers with children like to move after one school year ends and before the next one begins. That’s one reason why late spring into summer is a popular time for homes to change hands. And whether that’s a motivator for you or not, it’s important to realize more buyers are going to be looking right now – and that means you’ll want to be ready for a bit more competition. But there is a silver lining to a move this time of year. This is also when more sellers will list – so you should find you have more options. As an article from Bankrate says:

“Late spring and early summer are the busiest and most competitive time of year for the real estate market. There’s usually more inventory listed for sale than other times of year . . . This is a double-edged sword for a buyer, as you will be met with more opportunities but [also] much more competition.”

PROTECT

WHAT YOU DON’T EXPECT

You can’t always see a breakdown coming, but you can plan for it with American Home Shield. Our home service plans help fix or replace covered home systems and appliances, and help you stay on budget. Protect what you don’t expect.

CLICK HERE TO WATCH THE VIDEO

Looking to lighten the mood in your laundry room?

EIGHTEYECATCHING

Laundry Room Colors

To Look Out For

These refreshing colors make the wash-and-dry chore a little more pleasant.

Tranquil Blue

View it here

Sage Green

View it here

Eight Colrs fo Laundry

White

View it here

Yellow

View it here

Gray

View it here

Dusty Pink

View it here

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Navy Blue Purple

View it here

Create a tranquil laundry space with Benjamin Moore's Beach Glass Its light blue shade, coupled with a subtle gray undertone, offers a clean and versatile aesthetic that avoids any baby nursery associations.

Transform your space with earthy tones like October Mist and Gloucester Sage from Benjamin Moore. Test out the trendy sage in your laundry room for a lowcommitment update easy to change and customize, ensuring lasting satisfaction with your design choice.

Create an elegant laundry room with Chantilly Lace by Benjamin Moore The classic white choice adds sophistication, opens up the space, and simplifies stain detection.

Elevate your laundry space with the energizing touch of yellow. Behr's Roasted Corn or Upbeat bring warmth and optimism, while Pearly White offers a mellow option a yellow-based white that brings a perfect harmony of vibrancy and calmness

Gray remains a top choice for laundry room walls, providing a timeless and serene backdrop A soft gray for a whisper of sophistication, easily personalized with printed patterned tile flooring or Behr's bold 2024 Color of the Year, Cracked Pepper.

Sherwin-Williams' Rosebud for a touch of romance in laundry rooms. The dusty pink hue, paired with gold accents, adds a luxurious and warm atmosphere

Navy as the key to a striking laundry room. Beyond lighter blues, navy paired with lighter accents or white fixtures, especially Benjamin Moore's Hale Navy, creates a bold choice that makes the laundry room stand out.

Dare to take a style risk in your laundry room with a pop of color Opt for the subtle smoky lavender of Farrow & Ball's Peignoir for a neutral touch or go all-out glam with Backdrop's dark and vampy McQueen, drawing inspiration from the famous fashion designer.

Source : https://www familyhandyman com/list/laundry-room-colors/

WITH UNLOCKING YOUR PROPERTY’S POTENTIAL

Thinking about boosting your property value and adapting to changing family needs? An Accessory Dwelling Unit (ADU) might be your answer. A recent success story, from the Willow Glen neighborhood in San Jose, shows just how impactful the right ADU can be

Project Overview

In early 2021, a homeowner in Willow Glen partnered with Acton ADU to enhance their property value and create a flexible living space for their parents. Initially, the home was appraised at $1,450,000. The goal was to boost property value and meet their family’s housing needs.

Construction and Results

Construction of the 748-square-foot ADU began in August 2021 with a cost of $487,130 and was completed by December 2021. The new appraisal, by an appraiser affiliated with US Bank, revealed the property’s value had already jumped to an impressive $2,050,000.

Potential for Gains

After the project, the total investment was $1,937,130 and their property value increased by $112,870, resulting in a 5.8% ROI. This highlights the potential value an ADU can bring, while providing close, safe living space for their elderly parents.

Learn More and Connect with an Expert

Curious about how an ADU could enhance your property? Contact your real estate agent today and get expert guidance on understanding the benefits an ADU may bring to your family and property’s value

Reach out today

LEARN MORE

VENDOR DIRECTORY

When it comes to home ownership, knowing who you can trust is crucial. That's why we've curated a select list of trusted vendors who are ready to help with your home goals.

Napa County

What's in the Napa County data?

There were 291 single-family homes for sale, providing 4.2 months of inventory. There were 85 new listings, and 73 homes sold at a median price of $1m. The median overbid percentage was at 100%, with an average of 64 days on the market

There were 35 condo and townhome units for sale, providing 3.4 months of inventory. There were 10 new listings and 15 units sold at a median sale price of $766k. The median overbid percentage was at 100%, with an average of 81 days on the market.

Single-Family Homes

85 New Listings

4.2 Months of Inventory

100%

Median Sale vs List

73 Sold Listings

$1M Median Sale Price

64 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from May 2023 to May 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

10

New Listings

15

Sold Listings

3.4

Months of Inventory

100%

Median Sale vs List

$766K

Median Sale Price

81

Avg Days on Market

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $888k last May 2023, to $1m as of May 2024

Condos & Townhomes

The median sale price has increased from $650k last May 2023, to $766k as of May 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 48 days last May 2023, to 64 days as of May 2024

Condos & Townhomes

The average time spent on the market went up from 46 days in May 2023, to 81 days as of May 2024.

Overbids

Single-Family Homes

The overbid percentage has remained the same from 100% last May 2023, to 100% a year later

Condos & Townhomes

The overbid percentage has increased from 98.6% last May 2023, to 100% a year later.

Solano County

What's in the Solano County data?

There were 590 single-family homes for sale, providing 2.1 months of inventory. There were 590 new listings, and 265 homes sold at a median price of $605k. The median overbid percentage was at 100%, with an average of 39 days on the market.

There were 69 condo and townhome units for sale, providing 2.6 months of inventory. There were 42 new listings and 34 units sold at a median sale price of $374k. The median overbid percentage was at 100%, with an average of 56 days on the market

Single-Family Homes

590 New Listings

265 Sold Listings

2.1 Months of Inventory

$605K

Median Sale Price

100%

Median Sale vs List

39 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from May 2023 to May 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

42 New Listings 2.6 Months of Inventory $374K Median Sale Price

Median Sale vs List

Avg Days on Market 34 Sold Listings

olanoCounty

MAY 2023 - MAY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $600k last May 2023, to $605k as of May 2024

Condos & Townhomes

The median sale price has increased from $350k last May 2023, to $374k as of May 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 34 days last May 2023, to 39 days as of May 2024

Condos & Townhomes

The average time spent on the market went up from 31 days in May 2023, to 56 days as of May 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 100 6% last May 2023, to 100% a year later

Condos & Townhomes

The overbid percentage has decreased from 100.2% last May 2023, to 100% a year later.

Sonoma County

What's in the Sonoma data?

There were 784 single-family homes for sale, providing 2.7 months of inventory. There were 340 new listings, and 312 homes sold at a median price of $885k. The median overbid percentage was at 100.2%, with an average of 46 days on the market.

There were 95 condo and townhome units for sale, providing 2.4 months of inventory. There were 56 new listings and 52 units sold at a median sale price of $455k. The median overbid percentage was at 100 1%, with an average of 36 days on the market.

Single-Family Homes

340 New Listings

312 Sold Listings

2.7 Months of Inventory

$885K

Median Sale Price

100.2%

Median Sale vs List

46 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from May 2023 to May 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

56

New Listings

52 Sold Listings

2.4

Months of Inventory $455K

Median Sale Price 100.1%

Median Sale vs List 36 Avg Days on Market

Median SalesPrice

Single-Family Homes

The median sale price has increased from $852k last May 2023, to $885k as of May 2024

Condos & Townhomes

The median sale price has decreased from $490k last May 2023, to $455k as of May 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 41 days last May 2023, to 46 days as of May 2024

Condos & Townhomes

The average time spent on the market went up from 29 days in May 2023, to 36 days as of May 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 100% last May 2023, to 100 2% a year later

Condos & Townhomes

The overbid percentage has decreased from 101.6% last May 2023, to 100.1% a year later.

Southern/ Central Marin

What's in the Marin data?

There were 341 single-family homes for sale, providing 2 5 months of inventory There were 173 new listings, and 196 homes sold at a median price of $1.8m. The median overbid percentage was at 101.6%, with an average of 28 days on the market.

There were 118 condo and townhome units for sale, providing 2.4 months of inventory. There were 41 new listings and 64 units sold at a median sale price of $827k. The median overbid percentage was at 100%, with an average of 40 days on the market.

Single-Family Homes

173 New Listings

196 Sold Listings

2.5 Months of Inventory

$1.8M Median Sale Price

101.6%

Median Sale vs List

28 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from May 2023 to May 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

41

New Listings

64 Sold Listings

2.4

Months of Inventory

$827K

Median Sale Price 100%

Median Sale vs List 40 Avg Days on Market

S/CMarin

MAY 2023 - MAY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has remained the same from $1 8m last May 2023, to $1 8m as of May 2024

Condos & Townhomes

The median sale price has increased from $782k last May 2023, to $827k as of May 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 21 days last May 2023, to 28 days as of May 2024.

Condos & Townhomes

The average time spent on the market went down from 54 days in May 2023, to 40 days as of May 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 101 9% last May 2023, to 101 6% a year later

Condos & Townhomes

The overbid percentage has remained the same from 100% last May 2023, to 100% a year later.