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When we lived in Napa one of the most beautiful sights in the winter months was the mustard that flowered in the majority of the vineyards. Mustard is planted as a mulch and green manure and is beneficial to the vineyards. The effect is beautiful. On cloudy days, it still felt bright.
This picture was taken by Ron on a Sunday across the street from one of our favorite brunch places in Napa. The Boon Fly Cafe. If you happen to be there on a Sunday, be sure to check out the eggs Benedict, the homemade yogurt and granola, or the pancakes. The majority of their ingredients are local, fresh and usually organic.
Wishing you a Happy Sunday, Ron & Alexandra Seigel
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One of my clients toys with the idea of buying a vineyard in Napa. I came across this article projecting the 10 strongest housing market by 2014. Napa came in number four on the list. It was the only California city to make the list.
There are no crystal balls in real estate, but it stands to reason that a portion of the loss will be recovered as the market begins to rebound.
Housing Markets That Will Be Strongest by 2014
By Venessa Wong, Bloomberg Businessweek Aug 4, 2010
4. California
Biggest home price increase projected in 2014: Napa metro
Forecast 4-year price increase: 31.7 percent
Current median price: $355,000
Prices to reach trough in: 2010 Q4
Median family income: $79,600
Population: 134,650
Prices in the Napaarea have dropped an enormous 44.6 percent since peaking in early 2006, according to first-quarter 2010 data from Fiserv and Moody's Economy.com. Despite the drop, home prices are expected to rebound quickly. According to an article in the St. Helena Star, NapaCounty is vulnerable to economic and real estate market fluctuations, but the impact is mitigated by managed growth and the county's natural and agricultural resources. The unemployment rate in the Napa area fell to 9.3 percent in June, from 11.1 percent in January, according to the BLS.
Index used to calculate historical home price changes: Case-Shiller
Norma Toering & Team RE/MAX Palos Verdes Realty
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Napa Real Estate Vineyard Property- So, You Want To Get In The Wine Business?
There are all sorts of reasons why people wish to get into the wine making business. Reasons range from "My wine making business has out grown the garage," to "It's Romantic," to "I like wine," to "I'm drawn to it," to "Make money," to "I want to change my lifestyle," to "It looks like fun," or "I want to add another winery to my portfolio." You can see there are many different reasons to get into the wine business. Calls come in from people all over the world that say, "I want to buy a winery". The first question is... why? Most say, so that I can make some wine. The next question is... Do you have any experience in wine making? The answers range from No, or I am involved with wine making and wish to branch out on my own, or I already have a brand name and it is growing so I feel I need a location and a home for my winery, or I own a winery or two already and wish to expand my portfolio.
Another important question... What is your budget and how much are you willing to invest? The answers run from several hundred thousand up to hundreds of millions of dollars. After some discussion, they realize that there are numerous different approaches to the wine business depending largely on budget, knowledge, contacts, and abilities etc... To finish this article please visit my website.
Napa Real Estate Vineyard Property- There are several bank owned opportunities for Napa Real Estate Vineyard Property right now. See video below.
For more information on Napa Real Estate Vineyard Property, please contact via phone, email or text. To see what's for sale throughout the Bay Area, please visit my website at: www.soldbynicole.com and click on search the MLS. If you want to know how much your current home is worth, click on CMA and I will happily provide you with a complimentary, no obligation, "Current Market Analysis" of your home. I also write a blog about market statistics for most of the bay area markets. Click here to view my blog: http://activerain.com/blogs/nicolemonary
Thank you.
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