CURRENT MARKET REPORT
It is reasonable to conclude that nationwide we are experiencing the most severe market correction in our lifetimes. To make good choices we have to fully understand the reality of numbers based on solid information. To comprehend how the Napa County statistics affect Napa Valley we have to separate out the areas located outside the geographic region of Napa Valley, even though they fall within the County limits.
Clearly, the south end of Napa County is taking the brunt of the severe market corrections. For example, in 2006 American Canyon had an average sale price of $608,789; when the tip of the iceberg on foreclosures began to appear in 2007 the average dropped to $562,600; year to date 2008 the average price in American Canyon is $386,348. The town of Napa has not fared much better with the average 2008 sale price dropping to $588,608 compared to the same time period in 2006 when the average was $730,267.
The upper Napa Valley towns are not experiencing severe market corrections.
Average price of properties sold in Calistoga is $1,685,590
Average price (other than condos) sold in St. Helena is $1,523,709
Please see RECENT SALES for 2008 Upper Napa Valley Market Statistics
