About Napa County, CA

Consumers’ attitudes stabilize in February, real estate sales hot here in the Napa Valley

Americans' concerns about key economic and housing issues are beginning to subside, according to results from Fannie Mae's February 2012 National Housing Survey. Consumers' attitudes have stabilized across most indicators – including personal finances, housing, and employment – demonstrating their sense that downside risks have abated somewhat compared with late summer and fall of 2011.

Highlights of the survey include:

• The rise in confidence in the economy’s direction continued in February, with 35 percent responding that they think the economy is on the right track, a 5 percentage point increase from January. The percentage of respondents who say the economy is on the wrong track dropped to 57 percent, a decline of 6 percentage points.

• On average, Americans expect home prices to increase by 0.8 percent over the next 12 months (down slightly since last month).

• Twenty-eight percent of respondents expect home prices to increase over the next 12 months (consistent with last month), while 15 percent say they expect home prices to decline (down 1 percentage point since last month). Fifty-three percent say prices will stay the same.

• The percentage of respondents who say it is a good time to sell rose by 3 percentage points to 13 percent, the highest level in more than a year, while the percentage of respondents who say it is a good time to buy dropped 1 percentage point to 70 percent this month.

Sixty-five percent of respondents say they would buy their next home if they were going to move, up 1 percentage point since last month, while 29 percent say they would rent, down 1 percentage point versus last month.

Here in the Napa Valley, real estate sales remain hot and activity is being to warm up in upper end properties. The Rutherford $2.300,000 home below sold in 6 days and the $12,000,000 sold in 17 Days. Currently there is only a 3.9 months of supply of all residential property here in the Napa Valley. If I look at the hottest market, up to $400,000, there is only a 2.3 months supply. That's about as low as I can ever remember here.

1125 Rutherford Rd, $2,300,000, 4 br 5 ba, 2,500sf, .4 acres

7820 Silverado Trl, $12,000,000, 6 br 8 ba, 9,021 sf, 40.8 acres

New Listings none

Price Reductions

1870 Spring Mtn Rd, $869,000, 3 br 2 ba, 2,133 sf

Sale Pendings

St Helena home, $1,399,000, 3 br 3 ba, 2,381 sf 1 acre

1925 Sulpher Springs Rd, $1,830,000, 3 br 2 ba, 2,530 sf

Solds

1250 Bello Ave, $320,000, 2 br 1 ba, 744 sf

1621 Stockton St, $549,000, 2 br 1 ba, 745 sf

605 Pope, $1,425,000, 4 br 3 ba, 4,000 sf

512 Meadowood Ln, $5,200,000, 5 br 7 ba, 8,000 sf 4 acre

Yountville, Napa Valley, Weekly Real Estate Update

Stats for last 7 days

new listing 2, price reduced 1, sale pending 0, sold 2

Median prices, average days on market

current for sale 21 med price $645,000; avg days on market 119

current sale pendings 3 med price $499,900; avg days on market 215

sold in last 6 months 7 med price $550,000; avg days on market 104

New Listings

Yountville home, $635,000, 2 br 2 ba, 1,069 sf

Yountville home, $1,795,000, 4 br 4 ba, 2,799 sf

Price Reductions

[idx-listing mlsnumber="21203593" showlocation="true"]

Sale Pendings none

Solds

1892 Larkspur St, $550,000, 3 br 2 ba, 1,325 sf

1953 Yountville Cross Rd, $767,500, 3 br 3 ba, 2,167 sf

There are 40 Napa Valley REO foreclosure homes for sale as of March 10, 2012. To view detailed descriptions of these homes on the local multiple listing service (MLS), click on Wine Country MLS Search and search by price, size, map location, or a dozen other criteria. When you find one or more that interests you, drop me a line for more information or to schedule a visit to the property. (john@jsrealproperty.com)

Napa Valley Active REO/Foreclosure Listings

Check back next week for an update or subscribe to this blog!

Visit Wine Country MLS Searchto search the local MLS for properties of all types in Napa, Sonoma, Solano, Marin and Mendocino Counties.

Visit RealtyTrac^® Distressed Property Search for distressed properties, such as pre-foreclosures, bank-owned REO’s, auctions, and more throughout California.

Contact Us for help buying and selling Wine Country real estate.

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John A. Souerbry & Associates (DRE 01370983) john@jsrealproperty.com

Tags: Napa County REO Foreclosure Homes For Sale, Napa Valley real estate, St. Helena REO homes for sale, Wine Country foreclosed homes, Northern California foreclosure properties, Napa Valley real estate agents

I just recovered a fun Yountville business called Yount Street Glass from reading "out & about" by Lois Riker in the Yountville Sun. You can read some of the front pages from the Yountville Sun from the link below or the link on my Home Page. If you want to read Lois' column every week, and get the latest "out & about" the Town, you will need to get a subscription and can do so from this link, Yountville Sun Front Pages.

Here are a few examples of the artwork created by Kay Lafranconi & Cynthia Kapjian, see their bios below.

Silver bracelet Yount Street Glass

Julie Yount Street Glass

Rectangle earrings Yount Street Glass

Kay Lafranconi

Kay is a Napa Valley native and graduate of UC Davis. After a successful career in finance, she came back to the valley and began to pursue life long interests. She worked for a number of non-profits before going back to school and starting Belly-Rub Small Animal Massage. Joining with her partner Cindy, they began making fused glass art together. After an unsuccessful attempt at purchasing a recycled glass necklace for their niece, they decided to put their kiln to work on their recycling bin. They approached their neighbors to donate their empty wine bottles and Yount Street Glass was born.

Cynthia Kapjian

Cindy enjoys living and working in Yountville. A native of San Francisco, Cindy graduated from UC Irvine and then returned to San Francisco for Medical School at UC San Francisco. A Family Medicine Physician, she currently works at the California Veterans Home in Yountville. "After living in Napa Valley over twenty years it dawned on me that not only is there great wine here, but there are a lot of beautiful empty bottles! Breaking a lot of glass in the garage on Yount Street is an adventure, and when I cut myself, I can take care of myself...so it's a good fit."