NAPA VALLEY
(Calistoga, Napa, St. Helena and Yountville)
February 2022 Statistics
In February the total homes for sale were down 19.8% (25 homes) while the number of sold homes was relatively flat(down 3.5% or 2 homes) and the number of pending up 28.6% (18 homes). More glaring was the average sold amount which was up 34.9% ($370k on average) and the average dollar per square foot was also up 55.2% ($311.5 on average). The average number of days on market was up 17.1% (12.75 days). To get a better understanding of the right time to buy/sell, below is a breakout by the town.
This might be the best time to buy before the interest rates go up again. Make sure to talk to a lender for preapproval and to understand what you can afford. If you don't have one I'm happy to help you find one in your area.
Calistoga:
While the number of homes is almost flat to last year (down by 1 home), no homes were sold in February last year. This is still a great time to sell in Calistoga with possibilities for buyers as well.
# Homes Active: down 5.6% (18 last year and 17 this year)
# Homes Sold: up 200% (0 homes last year and 2 this year)
# Pending Sales: up 300% (1 last year and 4 this year)
Average sold amount: up (0 last year and $1.25M this year)
Average dollar per sq. foot: up (0 last year and $654 this year).
Days on market: up (0 last year and 128 this year)
Napa:
While inventory is still down year over year (26 homes) so is the number of homes sold (2) but pending sales are up (6). The more telltale sign of a seller's market is that the average sold dollar amount and average dollar per square foot are both up year over year ($63k and $87 respectively).
# Homes Active: down 31.3% (83 last year and 57 this year)
# Homes Sold: down 4.3% (47 last year and 45 this year)
# Pending Sales: up 10.5% (57 last year and 63 this year)
Average sold amount: up 5.7% ($1.104M last year and $1.167M this year)
Average dollar per sq. foot: up 14.4% ($605 last year and $692 this year)
Days on market: down 7% (43 last year and 40 this year)
Saint Helena:
St. Helena is still very much a seller's market. The number of homes for sale is slightly up year over year (3 homes) but the number sold and pending are also up year over year (1 and 10 respectively) while the days on market is down (10 days). The average dollar amount of the sold homes and the average dollar per square foot were both up year over year ($223k and $241 respectively).
# Homes Active: up 13.6% (22 last year and 25 this year)
# Homes Sold: up 16.7% (6 last year and 7 this year)
# Pending Sales: up 333% (3 last year and 13 this year)
Average sold amount: up 14.1% ($1.581M last year and $1.804M this year)
Average dollar per sq. foot: up 28.5% ($845 last year and $1,086 this year)
Days on market: down 40.3% (124 last year and 74 this year)
Yountville:
February was a hard month to really get a good feel for the market just looking at the statistics because there was only 1 property that sold for $1.5M ($1,071 per sq ft) this year while 4 sold last year. So while the number of homes for sale in Yountville is basically flat, the number sold is down but the house that sold was more per square foot.
# Homes Active: down 33.3% (3 last year and 2 this year)
# Homes Sold: down 75% (4 last year and 1 this year)
# Pending Sales: down 50% (2 last year and 1 this year)
Average sold amount: down 3.7% ($1.557M last year to $1.5M this year)
Average dollar per sq. foot: up 32.7% ($807 last year and $1,071 this year)
Days on market: down 18.3% (131 last year and 107 this year)
Today's Rates (please check with your lender as these change regularly):
30 Yr FRM 4.50%
15 Yr FRM 3.88%
FHA 30 Year Fixed 4.0%
Jumbo 30 Year Fixed 3.95%
5/1 Year ARM 3.82%
(Includes single-family homes in Calistoga, St. Helena, Yountville & Napa)
No. Properties Active in February 2020: 167
No. Properties Active in February 2021: 126
No. Properties Active in February 2022: 101 (down 19.8% to 2021)
No. Properties Sold in February 2020: 32
No. Properties Sold in February 2021: 57
No. Properties Sold in February 2022: 55 (down 3.5% to 2021)
No. Properties Pending in February 2020: 55
No. Properties Pending in February 2021: 63
No. Properties Pending in February 2022: 81 (up 28.6% to 2021)
Avg days on market in February 2020: 58
Avg days on market in February 2021: 75
Avg days on market in February 2022: 87 (up 17.1% to 2021)
Avg sale price in February 2020: $730k
Avg sale price in February 2021: $1.061M
Avg sale price in February 2022: $1.43M (up 34.9% to 2021)
Avg $/Sq. Ft. in February 2020: $438
Avg $/Sq. Ft. in February 2021: $564
Avg $/Sq. Ft. in February 2022: $876 (up 55.2% to 2021)
