Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Market Conditions in Napa : Real Estate Advice

  • All153
  • Local Info5
  • Home Buying53
  • Home Selling9
  • Market Conditions10

Activity 12
Wed Feb 11, 2015
Lauren Nicholsen answered:
Hello Annaem_2000!

Great question!!! I am an agent here in Napa Valley however I do market in Sonoma as well. In my 8 years as an agent, I would say hands down, Napa is a much stronger rental market than Sonoma. We command record rental prices in the Northbay between Santa Rosa/Sonoma/ Solano and Napa.

What kind of rental property are you seeking? Multi-unit? Short term vacation rental? long term?

I would be happy to help you with your search here, its my hometown, as always, I am honored to represent new residence to the area :)

Lauren Nicholsen
www.brokernapavalley.com
707-312-0936
lauren.nicholsen@pacunion.com
... more
0 votes 3 answers Share Flag
Fri Dec 5, 2014
Teri Buchanan answered:
You're right: prices have increased to approximately late 2004 levels based on recently sold properties. The market's peak here was around 2006 so today's prices are still below that peak. I don't find most sellers eager to have their home sit on the market but pricing is not an exact science. That said, homes in Napa, on average, are selling for 96% of asking price and closing on average in 88 days -- just over 2 months,. That suggests to me that prices are about right, on average, since the time on the market isn't extended. Are you looking for a specific type of property and/or in a specific price range and not finding much? ... more
0 votes 5 answers Share Flag
Mon Jul 14, 2014
Beverly In-napa Armstrong answered:
it says in the description: Mobile/Manufactured Hm w Land, Other Style - Napa, CA
6004 Monticello Rd #7 Beautiful manufactured home a short trip from Napa and just minutes from Lake Berryessa. ... more
0 votes 1 answer Share Flag
Thu Oct 31, 2013
Kristofer Chun answered:
Space fees for Mobile home parks are similar to HOA fees for condominiums and other planned developments. They are usually not negotiable. The best negotiation tactic is to try and secure a better price for the mobile home and use that savings to offset the space fees in the future.

If you have any further questions please do not hesitate to call. I am a local Napa Broker. 707.853.5747. www.krischun.com

-Kris
... more
0 votes 3 answers Share Flag
Wed Jul 10, 2013
John Souerbry answered:
The hotest vacation rental market, in my opinion, is downtown Yountville. It has the Valley's best collection of WALKABLE restaurants, wine tasting rooms, art galleries, etc. It's centrally located within the Valley and as of 2 minutes ago there are 17 residential properties for sale on the MLS, ranging in listing price from $339,000 to $849,000. Hotel rooms in town are unbelievably expensive. Even though we live 20 minutes away, my fiance took me to downtown Yountville for my birthday weekend and got the last room in town under $700 per night, and rates go up in the summer...
Downtown St. Helena and Napa have both gone through recent re-development (mostly Napa), but I'd advise looking at Yountville first.
With regards to property type, condos are obviously easier to maintain. But then you have to pay an HOA fee and condos can't accomodate large (read: "profitable") groups. My suggestion is a single family home or duplex within walking distance of downtown. The numbers just work better for an absentee owner.
... more
0 votes 3 answers Share Flag
Mon Dec 6, 2010
Trying To Stay Informed answered:
Home vacancy rates in Napa 12/1/10 are less than 2 percent. Google and check NAI BT commercial for apartment rates - they put out quarterly reports. Hope this is helpful.
0 votes 2 answers Share Flag
Tue Dec 30, 2008
David Johnson answered:
I can't speak for Sonomo but Napa's rental market is very strong with a very low vacancy factor. I am not a rental manager so I can't give you specifics, but I can refer you to a rental manager if you wish.

I suspect that it's the higher end in the Bay Area that is now being affected. Personally, I wouldn't invest in the higher end here either.

For Napa, I recommend a 2/1 in a good neighborhood or a 3/2 or 4/2 in a traditional neighborhood. There are a lot of terrific values in the market right now and Napa would be a good place to invest.
... more
1 vote 1 answer Share Flag
Tue Nov 18, 2008
Emily Erekuff answered:
Hi Klaus,

I apologize for not finding and answering your question much sooner. Please note that the information shown at the link below under Public Records is obtained from data made publicly available by the county assessor's office. Please contact your local assessor's office to ensure that they have the most up-to-date information on file for your home. Once they correct this information, our display should update thereafter.

Best Wishes,

Emily Gibson
Community Moderator
... more
0 votes 3 answers Share Flag
Tue Apr 1, 2008
Eric Bolen answered:
Here we are at the start of Q2 2008. Interesting to note that pressure from REO, short salesand few buyers in Napa has started to bring prices in line. I have several posts on my blog about the Napa market and the opportunity that now exists in Napa Valley. Read more at www.interocre.com/blog ... more
0 votes 4 answers Share Flag
Sun Sep 30, 2007
Brandie answered:
Hi Mike,

There are dozens of great, interesting topics. Some favorites of our clients:
- specific markets & their performance
- 1031 exchanges
- tax advantages of owning real estate
- real estate investing basics (leverage, performance, etc.
- how to choose an investment market / the factors involved in determining the economic viability of a market, including:
• The natural path of growth within the metro
• The presence of large, sound, industry-diverse corporations
• Future plans for additional corporate entities
• Availability of State and Local government jobs
• The presence of cultural activities – music, art and nightlife
• Leisure interest and recreational activities, such as golf, hiking and athletics
• The development of retail outlets and restaurants
• The quality of local school systems
- how to successfully invest outside of 'your own backyard'
- using IRA money for investing
- mortgage financing strategies

The list goes on....

On many topics it may add credibility to have an expert on the specific topic weigh in ... then you can also market to their database for attendees.

For promotion - often your local paper will run an ad (assuming it's a free event). We also utilize email marketing.

Hope that helps!
Brandie
... more
0 votes 3 answers Share Flag
Search Advice
Search
Market Conditions in Napa Zip Codes

Followers

219