November 2024 Market Report | Napa Valley Area

Page 1


Napa Valley Area

Napa County

Jump to Napa County Report

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.

IsaFixerUpperRightforYou?

Looking to buy a home but feeling like almost everything is out of reach? Here’s the thing. There’s still a way to become a homeowner, even when affordability seems like a huge roadblock – and it might be with a fixer upper. Let’s dive into why buying a fixer upper could be your ticket to homeownership and how you can make it work.

What Is a Fixer Upper?

A fixer upper is a home that’s in livable condition but needs some work. The amount of work varies by home – some may need cosmetic updates like wallpaper removal and new flooring, while others might require more extensive repairs like replacing a roof or updating plumbing.

Smart Strategies for a Mortgage Application

Avoid paying off debts or collections without professional advice.

Don't have your credit report pulled too many times - this can hurt your credit score. 3 4 5 6 1 2

Always consult your mortgage professional before making large financial moves. Use verified funds for deposits to prevent closing delays.

HomeRenovationsThatCanMakea BIG IMPACT AccordingtoExperts

In2024,thehomebuyingmarketfacessignificantchallenges highprices, steepinterestrates,andlimitedhousinginventory.Formany,renovatingtheir currenthomeisamoreattractiveoptionthanpurchasinganewone.Whilethe LIRAreportpredictsadeclineinrenovationspending,expertsemphasizethat small-scaleupdatesortargetedlargerprojectscanstilldelivermajorbenefits.

Beforedivingintoarenovation,it’sessentialtoplan carefullyandbudgetwisely.Workingwithreputable professionalsiskey,especiallythoseoffering financingoptionsandtransferablewarranties.Sharing yourbudgetwithcontractorsupfrontandinvolving designersearlyensuresthatyourrenovationruns smoothlyandachievesbothfinancialandfunctional success Adetailedplanwillkeeptheprojectontrack andhelpavoidcostlysurprises

ANENBERG-ESSERT FAMILYADUIN CAMPBELL ProjectSpotlight:

Enhancing Property Value and Family Living Space with an Acton ADU

The Anenberg-Essert family in Campbell collaborated with Acton ADU to create a versatile, comfortable, and valuable addition to their property. This ADU project is a shining example of how a well-designed accessory dwelling unit can increase property value and serve a family’s unique needs.

GoalsandVision

The family envisioned an ADU that would function as an independent living space for family members, enhance their property’s worth, and provide seamless integration with the main home They wanted a space that balanced privacy with connectivity, feeling like a natural extension of their residence

Design and Construction Details

Constructed at 747 square feet, this ADU was designed with modern, high-quality finishes to serve both aesthetic and practical needs. Key features include:

Vaulted Ceilings

Creates a spacious, open atmosphere

Senior-Friendly Living

Safe, independent space for elderly family members

Fully Equipped Kitchen

Modern amenities for everyday convenience

Open Living Area

Multipurpose area for relaxation and entertainment

Results and Impact

The completion of the Anenberg-Essert ADU led to several valuable outcomes:

Increased Property Value

The ADU addition significantly boosted property value

Flexible Living Space

A versatile space for family, guests, or as a rental

Modern Comforts

High-end finishes and amenities enhance both function and style.

Enhanced Family Living

The ADU enriches the AnenbergEssert family’s home with both privacy and connection

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 358 single-family homes for sale, providing 5.2 months of inventory. There were 63 new listings, and 69 homes sold at a median price of $870k. The median overbid percentage was at 97 5%, with an average of 73 days on the market

There were 58 condo and townhome units for sale, providing 6.3 months of inventory. There were 8 new listings and 8 units sold at a median sale price of $795k. The median overbid percentage was at 99.4%, with an average of 53 days on the market.

Single-Family Homes

63 New Listings

69 Sold Listings

5.2 Months of Inventory

$870K Median Sale Price

97.5%

Median Sale vs List

73 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from October 2023 to October 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.

8

New Listings

8 Sold Listings

6.3

Months of Inventory $795K

Median Sale Price 99.4%

Median Sale vs List 53 Avg Days on Market

NapaCounty

OCTOBER 2023 - OCTOBER 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 decreased from $1m last October 2023, to $870k as of October 2024

Condos & Townhomes

The median sale price has increased from $736k last October 2023, to $795k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 53 days last October 2023, to 73 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 46 days in October 2023, to 53 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 100% last October 2023, to 97 5% a year later

Condos & Townhomes

The overbid percentage has increased from 97.5% last October 2023, to 99.4% a year later.

Solano County

What's in the Solano County

data?

There were 668 single-family homes for sale, providing 2.3 months of inventory. There were 313 new listings, and 285 homes sold at a median price of $605k. The median overbid percentage was at 100%, with an average of 48 days on the market.

There were 83 condo and townhome units for sale, providing 3 months of inventory. There were 33 new listings and 27 units sold at a median sale price of $345k. The median overbid percentage was at 100%, with an average of 55 days on the market

313 New Listings

2.3 Months of Inventory

100%

Median Sale vs List

285 Sold Listings

$605K Median Sale Price

48 Avg Days on Market

homes, condos and October 2024. This may was gathered. All data is Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $620k last October 2023, to $605k as of October 2024

Condos & Townhomes

The median sale price has decreased from $351k last October 2023, to $345k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 37 days last October 2023, to 48 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 30 days in October 2023, to 55 days as of October 2024.

Overbids

Single-Family Homes

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

Condos & Townhomes

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

Sonoma County

What's in the Sonoma data?

There were 823 single-family homes for sale, providing 2.7 months of inventory. There were 274 new listings, and 357 homes sold at a median price of $824k. The median overbid percentage was at 100%, with an average of 53 days on the market.

There were 76 condo and townhome units for sale, providing 1.8 months of inventory. There were 38 new listings and 46 units sold at a median sale price of $429k. The median overbid percentage was at 100%, with an average of 59 days on the market.

Single-Family Homes

274 New Listings

357 Sold Listings

2.7 Months of Inventory

$824K Median Sale Price

100%

Median Sale vs List

53 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from October 2023 to October 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.

38

New Listings

46 Sold Listings

1.8

Months of Inventory

$429K

Median Sale Price 100%

Median Sale vs List 59 Avg Days on Market

SonomaCounty

OCTOBER 2023 - OCTOBER 2024

LISTINGS FOR SALE SOLD LISTINGS

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 decreased from $850k last October 2023, to $824k as of October 2024

Condos & Townhomes

The median sale price has decreased from $508k last October 2023, to $429k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 52 days last October 2023, to 53 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 36 days in October 2023, to 59 days as of October 2024.

Overbids

Single-Family Homes

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

Condos & Townhomes

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

Southern/ Central Marin

What's in the Southern/Central Marin data?

There were 334 single-family homes for sale, providing 2.3 months of inventory. There were 89 new listings, and 193 homes sold at a median price of $1.7m. The median overbid percentage was at 100%, with an average of 38 days on the market.

There were 133 condo and townhome units for sale, providing 3 months of inventory. There were 39 new listings and 41 units sold at a median sale price of $660k. The median overbid percentage was at 100%, with an average of 78 days on the market.

Single-Family Homes

89 New Listings

193 Sold Listings

2.3 Months of Inventory

$1.7M Median Sale Price

100% Median Sale vs List

38 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from October 2023 to October 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.

Listings

Listings

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $1 75m last October 2023, to $1 72m as of October 2024

Condos & Townhomes

The median sale price has decreased from $795k last October 2023, to $660k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 28 days last October 2023, to 38 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 57 days in October 2023, to 78 days as of October 2024.

Overbids

Single-Family Homes

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

Condos & Townhomes

The overbid percentage has increased from 99.9% last October 2023, to 100% a year later.

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.