UPPER NAPA VALLEY RESIDENTIAL
MARKET 2008 STATISTICS
The impressive 18 year performance record of Napa Valley property value growth has continued through the first three quarters of 2008 for the upper valley towns of Calistoga and St. Helena.
CALISTOGA • FIRST through THIRD QUARTERS 2008
A positive Calistoga sales trend continued through the first, second, and third quarters of 2008. Properties sold in Calistoga since January 1, 2008:
37 properties sold, ranging from $307,500 to $14,750,000
Average price of the properties sold is $1,685,590
No condominiums were sold
11 sold properties were above $2,000,000
ST. HELENA • FIRST through THIRD QUARTERS 2008
The St. Helena real estate market had a stable performance through the first three quarters of 2008. Properties sold in St. Helena since January 1, 2008:
42 properties sold, ranging from $440,000 to $4,950,000
Average price of the properties (other than condos) sold is $1,523,709
Condos accounted for 3 sales ranging from $475,000 to $649,000
Average price of the condominiums is $569,666
9 sold properties were above $2,000,000
One of the most sought after destinations in the world Napa Valley. Upper Napa Valley invulnerable to housing downturn
according to Napa County Assessor!
CALISTOGA
Assessed property values climbed higher than anywhere else in Napa County. According to information released in July 2008 by Napa County Assessor John Tuteur, Calistoga’s assessed values were up by 12.2 percent. The next largest boost in assessed values in the county came from YOUNTVILLE, which showed an increase of 10.6 percent. ST. HELENA came in next, at 6.4 percent. Tuteur attributed the increase in upper Napa Valley assessments to a more invulnerable position to the housing downturn because there is so little housing available up valley.