Napa Valley Real Estate Report June 2018

Napa’s May single family homes sold prices were pretty much unchanged from April’s ($724,000 vs. $725,000) and still show a healthy 5.3% increase over last year’s prices.

The number of new single family home listings on the market year-to-date is the lowest in three years: 472 -> 430 -> 410.

Sales are also down, by 10%. Condo/townhome listings year-to-date are the lowest in three years as are the number of sales.

Single Family Homes:
The three-month rolling average median sales price of $715,00 is up 5.3% over last year’s.

Year-to-date, new listings are down 4.7% while sales are down 6.7%.

May’s inventory of 2.5 months is 9.7% lower than in 2017.

The median percent of list price received was 97% in May

Condominium/Townhomes:
The three-month rolling average median sales price of $452.667 is down 10% over last year’s.

Year-to-date, new listings are down 13% while sales were down 8.5%.

May’s inventory of 1.9 months is 12% lower than in 2017.

The median percent of list price received was 98% in May.