Napa County Trends

All trends are up in Napa County for the month of June, 2010.  Available inventory is up 17% from a year ago, closings are up 16% and new sales are up 39%. Approximately 50% of the new sales were "distressed" meaning either foreclosed properties or short sales. Only 23% (178) of the available inventory (774) are distressed properties.  The median price of the homes and condominiums sold in June was $383,000 which is the highest in the past six months.  The median price of the 66 distressed sales was $319,000 while the median price of the 64 non distressed sales was $449,000.

The city of Napa had an increase in new sales in June (111) that was 54% higher than that of a year ago (72) and 8% ahead of that of May (102).  It is the highest level of monthly new sales in the past five years. There is a 4.3 month supply of inventory. Available inventory is 25% ahead of a year ago and closings are 30% ahead of June, 2009.  The number of distressed sales, closings and listings, mirrors the county figures.  

American Canyon has just 1.8 months supply of inventory.  American Canyon has higher percentages of distressed properties than the overall county with 61% of the closings in June being distressed sales and 70% of the available inventory are distressed properties.

Please contact us for additional information and copies of the complete TrendGraphix reports.