Saint Helena, CA

St Helena, Napa Valley, Weekly Real Estate Update February 7, 2012

Stats for last 7 days

new listing 5, price reduced 2, sale pending 2, sold 1

Median prices, average days on market

current for sale 70 med price $1,449,500; avg days on market 213

current sale pendings 21 med price $1,350,000; avg days on market 137

sold in last 6 months 34 med price $1,260,000; avg days on market 186

New Listings

977 Pratt Ave, $1,375,000, 3 br 3 ba, 2,315 sf

1690 Dean York, $1,995,000, 3 br 3 ba, 3,674 sf

167 Mund Rd, $2,000,000, 2 br 2 ba, 3,080 sf

800 Zinfandel Ln, $2,495,000, 3 br 2 ba, 3,377 sf

2675 Lower Chiles Vly Rd, $3,499,000, 4 br 4 ba, 6,200 sf

Price Reductions

921 Chiles Ave, $545,000, 3 br 2 ba, 1,351 sf

90 Dahlia St, $559,900, 4 br 3 ba, 2,110 sf

Sale Pendings

691 Silverado Trl, $489,000, 2 br 1 ba, 1,321 sf

St Helena property, $839,000, 2 br 1 ba, 2,265 sf

Solds

733 Crystal Spings Rd, $1,610,000, 3 br 1 ba, 1,400 sf

St. Helena, located in north Napa Valley, is host to many of the area’s finest wineries and the Culinary Institute of America at Greystone, a world-class culinary training center and restaurant. Downtown St. Helena, despite a steady flow of traffic on weekends, has retained its small town charm and boasts fine restaurants and lots of shops with local art, foods, and wine.

Here are St. Helena condos for sale as of January 23, 2012. Drop me a line for more information and to schedule a viewing. (john@jsrealproperty.com)

DOM: Days On Market

Please visit www.jsrealproperty.com and click on:

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

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

· Contact Usfor help buying and selling Northern California real estate

Questions? Drop me a line at john@jsrealproperty.com

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Tags: St. Helena condos for sale, St. Helena homes for sale, Napa Valley real estate, Napa Valley homes for sale, Napa Valley condos for sale, Wine Country real estate, Napa Valley real estate agents

John A. Souerbry & Associates (DRE 01370983)

Looking for a home in or near St. Helena in Napa Valley? This is a beautiful area famous for tree lined streets, vineyards, and great restaurants. Sometimes foreclosed homes offer a reasonable price for a good property.

Here are foreclosed, bank-owned homes (REO) offered for sale in St. Helena as of November 4, 2011. For more information or to schedule a viewing, drop me a line at john@jsrealproperty.com .

Note: There are 88 homes for sale in St. Helena today, but only 3 foreclosed homes for sale.

Search the local MLS - visit www.jsrealproperty.com and click on Wine Country MLS to find homes by price, features, location, and more.

You can also search RealtyTrac^® distressed property listings on my web site: pre-foreclosures, REO/bank-owned, auctions and more. www.jsrealproperty.com

For local, regional and national market information, check out our 1 Minute Housing Market Report when you visit www.jsrealproperty.com .

Keys: Napa Valley real estate, Napa Valley homes, St. Helena foreclosures, St. Helena CA REO homes, St. Helena homes, St. Helena homes for sale, St. Helena real estate

SAINT HELENA REAL ESTATE-WHAT ARE CLOSING COSTS?

Closing on the purchase of your new home, also known as "settlement," involves a good deal of coordination. Costs and fees are paid at closing to cover many of the elements that accompany the purchase.

All closing costs are outlined in the Good Faith Estimate (GFE) you receive - a written list of the approximate closing costs associated with your transaction, including charges from us, the local closing agent and other third parties. Closing costs may be added to the amount of your mortgage loan, and a seller may sometimes cover closing costs you would usually pay. Ask us for details.

All closing costs can be divided into two basic groups:

•· State and local government charges and fees - These include city, county and state transfer taxes, recording fees, and property taxes.

•· Mortgage costs - These include title insurance, survey, appraisals, credit checks, loan origination and documentation fees, and commitment processing fees, and mortgage insurance and interest prepayments.

Fee Details

Typical Lender Fees

Loan Origination Fee A fee to cover the costs of evaluating and processing your mortgage loan.

Points A percentage of your loan amount, paid at closing.

Appraisal Fee The fee for having your new home appraised may be rolled into the closing costs. The cost may vary based on the amount of your loan, and the type and use of the property (i.e. condo, rental, etc).

Credit Report The fee for a credit bureau's detailed report of your credit history.

Interest Payment you may pay interest on your mortgage loan to cover the time between the closing date and the date your first mortgage payment period begins, because interest on a mortgage is usually paid in arrears - at the end of the time period it covers. For example: If closing is on May 15, and your first monthly payment starts to accrue interest on June 1, an interest payment covering the period between May 15 and May 31 may be required at closing. Consider this timing when scheduling your closing - it is a fee you can reduce by closing near the mortgage due date.

Typical Escrow Fees

Escrow Account A trust account created by a third party to hold money. We generally use the money to pay property taxes and insurance. To fund the account, your monthly mortgage payments may include 1/12 of annual property taxes and insurance charges, and the first escrow fee may be due at closing.

Typical Title Fees

Title Search The examination of public records to ensure that no one but the seller has a valid claim to the property.

Title Insurance Insurance that protects the lender and you from losses that may result from disputes over the property's title. Typically, you purchase the Lender Title Insurance.

Typical Other Third Party Fees

Document Preparation Fee A fee charged for the preparation of documents needed for the closing.

Underwriting Fee A fee to cover the costs of the underwriting process, which is the analysis of the risk involved in making a mortgage loan.

For more information on Saint Helena real estate, please contact via phone, email or text. To see what's for sale throughout the Saint Helena real estate, 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 Saint Helena 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

Saint Helena Homes for Sale--I want to move up to a better home. What can I afford?

Each buyer is unique - and we'll help you find out just what you can afford. You already know that monthly income and financial obligations are most important in determining your price range. It's simple to make an estimate: just run the numbers for yourself using our Affordability Calculator.

I'm buying a second home. Is it a different process?

No. Whether you need to be near the water or in the mountains, a vacation home offers an opportunity for fun and relaxation - and we make it just as easy to obtain a mortgage. But keep in mind you'll need to identify sources for your down payment, since you're not selling your current house and using the proceeds, and you'll need to expect a larger monthly obligation for housing expenses. We'll work with you to create a customized loan program with the best combination of rate, points, and closing costs for your needs - we call it our personalized rate because no two are alike!

What about my less-than-perfect credit report?
Our special solutions program can help:

• We offer loan options ideal for those who have a few "dings" on their credit report.
• We try to work with every customer to develop an individual mortgage program - we call it your personalized rate, because no two are alike.
• So we try to develop a custom program based on your credit worthiness.

Will I need an appraisal on my new home?

Not necessarily. You may qualify for a more streamlined loan process. We can look at your credit history and consult our property assessment model to determine if we can complete your loan application without an appraisal.

Do I have to pay Private Mortgage Insurance (PMI)?

Private Mortgage Insurance is not required on our loan programs for down payments of 20% or less, however beginning with your first payment we will collect a monthly Low Down Payment Fee in lieu of PMI.

Once your loan reaches 78% of the original appraised value of the property or sales price, whichever is less, this fee will no longer be required.

What if I don't sell my current house?

You may qualify for a new loan without even selling your current home. We'll help you determine what might work for you. It's simple to run the numbers for yourself on our handy Affordability Calculator. You may also want to discuss a bridge loan.

What if I'm building a home?

If you are working with a builder within a sub-division or development and just making carpeting, lighting and appliance selections for a brand-new home, you can probably obtain a standard mortgage loan. But if you're hiring contractors, electricians, plumbers, and painters, you probably need a construction loan, which provides funds to pay subcontractors as work progresses.

For more information on Saint Helena Real Estate, please contact via phone, email or text. To see what's for sale throughout Saint Helena, please visit my website at: www.soldbynicole.com and click on search the MLS. If you want to know how much your current Saint Helena 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.