RE/MAX Napa Valley Multifamily Real Estate Vacancy Update

RE/MAX Napa Valley

The city of Napa is now experiencing an apartment vacancy rate of 1.6 percent, which is fueling increased rents.

Just three years ago in 2005 the vacancy rate peaked at 5.6 percent. Last year in 2007, the vacancy rate was 2.6 percent. Population growth, credit tightening, surging foreclosures and lack of new construction of multifamily product in Napa Valley all contribute to the ultra low vacancy rate in 2008.

Now is the time for multifamily builders to enter the Napa Valley market and place new apartment product on the market. Currently at RE/MAX in Napa Valley I represent sellers of a combined total in excess of 16 acres of buildable multifamily ground. Most offered for sale off market to pre qualified buyers. To gain access to the off market Napa Valley multifamily market contact me today.

I am a real estate broker agent at the RE/MAX Napa Valley office RE/MAX Cornerstone I specialize in working with buyers and sellers of multifamily apartment investments. My colleague Armando Lincoln 707-299-9779 part of the team handles all real estate commercial and residential that is not multifamily. Over 65% of our sold real estate deals are never advertised. Most are offered to sale only to buyers represented by our team. To gain access to the off market inventory or to learn how we work with buyers contact Mike Bolen for multifamily Mike@MikeBolen.com or 707-254-9999. Contact Armando Lincoln 707-299-9779 for all other commercial and residential ie. homes, land and other real estate opportunities, and Ken Dunbar 707-365-9070 for all commercial leasing needs. View more at http://www.MikeBolen.com