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Market Conditions in Napa County : Real Estate Advice

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  • Home Buying6
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Activity 14
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
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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
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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
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Mon Mar 17, 2014
Bill Moseley answered:
Space rent is the amount charged for having your mobile/manufactured home in the park. It includes the maintenance of the common areas (streets, club house, pool, etc.) and usually includes some services such as garbage and water. All parks in Calistoga (there are 3) are senior parks. Each park has about a hundred units.
Bill
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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
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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.
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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.
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Wed Dec 16, 2009
Curtis Van Carter answered:
Hi
I realize this response is way too late but decided I should do so anyway. I live and work in Yountville and have sold real estate here for the last 20+ years. This is a unique time for selling property up valley. Year to date, there have been 16 sales within the Town limits with the median price being $670,000. The vast majority of these sales, 13, under $700,000. In a normal year, what ever this was, sales are approximately 25 per year and in the height of the bubble sales reached nearly 30 per year.
Thus if your property is under the $700,000, you stand a very good chance of selling. However, you also must consider that the average days on market for these sales is still rather long, 159 days. If your home is much higher priced than this, unfortunately this is one of the slowest segments of the up valley market and often the price has to be preceived as a steal to generate a sale.
Please feel free to call me at my office and we can discuss this. God luck on whatever you decide.
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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.
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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
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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
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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
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