Kim's June/July 2018 Newsletter

Kim's June/July 2018 Newsletter

My monthly newsletter brings you updates on the Napa real estate market, relevant articles, news on local events and much more!  Click on the link above to check out the first issue and subscribe to receive them emailed to your inbox. 

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Napa County 2018 1st Quarter Market Update

Napa County's housing market activity got off to a strong start in 2018.  Inventory remains low and buyers are looking to enter the market before interest rates go up.  Contact me for a free home valuation should you be considering selling or if you are looking to buy.

2018 Quarterly Market Update

Bay Area Luxury Home Sales Doubled in February

Executive Summary:

  • Sales of Bay Area homes priced above $3 million doubled in February, with most local regions posting large gains.
  • Sales of homes priced higher than $1 million also continued to grow.
  • Regionally, East Bay sales slowed, while Silicon Valley and the Wine Country saw more sales this February.
  • The Bay Area median price jumped another 16 percent year over year, though high-end sales drove a large part of the increase.
  • Buyer demand is not abating amid market challenges. Seven in 10 Bay Area homes sold for more than asking price, with the average premium increasing to 12 percent, up from 8 percent premiums observed in the last two Februarys.
  • Thirty-year, fixed-rate mortgages reached 4.46 percent as of March 8, 2018 according to a Freddie Mac survey, the highest since the spring of 2014.