Napa Valley Real Estate Report April 2018
It might have been March’s very rainy, wet weather that caused Napa’s home and condominium buyers and sellers to temper their activity. It might have been stock market volatility. New home and condominium listings were both down, as were home sales. Condominium sales eked out a very small increase. Sold prices for March were down from February.Single Family Homes: The three-month rolling average median sales price of $692,667 is up 5.3% over last year’s.Year-to-date, new listings are down 15% while sales are down 7.6%.March’s inventory of 2.2 months is 37% higher than in 2017.The median percent of list price received was 95% in March.Condominium/Townhomes: The three-month rolling average median sales price of $436,667 is up 2.8% over last year’s.Year-to-date, new listings are down 25% while sales are up 10%.March’s inventory of 1.5 months is 21% lower than in 2017.The median percent of list price received was 99% in March.