Springing up: Local home sales rise

Home » News » Local

Friday, April 25, 2008

Comment

By JENNIFER HUFFMAN
Register Business Writer

After months of hand-wringing in the local real estate market, there is a bit of good news for local home buyers and sellers.

The number of Napa County homes sold in March 2008 rose to 54, compared to 40 sold in February. The number of pending homes for sale also rose, from 43 in February to 76 in March.

Napa market buoyed by those buying getaways

However, the Napa County median price sank to $485,000, its lowest level in four years, according to Trendgraphix. The Napa County median sale price in March 2007 was $692,000.

It also appears homes are selling faster in Napa County. The average number of “days on market” in Napa County dropped to 125 in March, compared to 143 in February and 156 a year ago.

American Canyon, where the slump has hit the hardest in Napa County, saw the number of homes sold from February to March rise from three to 12, with an increase from nine to 24 pending sales.

This time last year there were only five homes sold in the south county city.

The median sale price of the 12 sold homes in American Canyon in March 2008 was $462,000. A year ago March, the median was $430,000.

3 comment(s)

enapa wrote on Apr 25, 2008 4:52 PM:

" You do realize that every single year since probably the beginning of the 1900's that home sales increase tremendously from February to March? Month to Month sales are not an indication of "good times" Year over Year comparisons are what need to be shown. But, of course we wouldn't want to disappoint the local realtors right? A drop from 124 sales in 2007 to a total of 72 in March of 2008??? Sounds like someone is whistling past the graveyard here. "

enapa wrote on Apr 25, 2008 4:58 PM:

" Well maybe 2007 is not a good year to compare to. Surely we had less sales in March of 2006, nope 160, March 2005? 207, How about March 2004? 226. Anyone starting to notice a trend? Sales have plummeted into a hole so deep you can't even see the bottom. Heck there were 88 homes sold in DECEMBER of 1997. December is historically one of the slowest sales months of the year. Now I'm curious if the Register will ever write an article that isn't biased. Doubt it.... "

enapa wrote on Apr 25, 2008 5:00 PM:

" Oh by the way. The March 2008 Median price was $469,000 not $485,000. Wonder what the price per Square Foot was though??? Ha Ha.... "

Join the conversation

*Member ID:
*Password:
Remember login? (requires cookies)
	Forgot Your Password?

Create an account

Comment Guidelines

The goal of the story comments section at NapaValleyRegister.com is to have an open, thought-provoking, civil community forum for all issues.

What gets your comment posted?

• Staying on topic

• Keeping your comment to 300 words or less

• Avoiding name-calling

• Addressing your comments to the message rather than the messenger

What gets your comment deleted?

• Personal attacks

• Derogatory remarks

• Name-calling of any sort

• Going off-topic

• Hate speech

• Racially-insensitive comments

• Implying guilt of a subject in a crime story before there is a court verdict

• Posting e-mail addresses

• Posting comments of a commercial nature

• POSTING WITH ALL CAPITAL LETTERS

• Linking multiple comments together with "to be continued..." to get around the 300 word limit.

The fine print

- Comments are either approved or denied. We do not edit comments.

- You are welcome to modify and resubmit a denied comment.

- Comments may take several hours to be posted.

- Comments posted are those of the writer, and do not necessarily reflect the opinion of NapaValleyRegister.com, its employees or its parent company.

- Do you have information on a story? Please go to our virtual newsroom to send us a news tip.

- If you feel a posted comment has violated our guidelines, please contact online@napanews.com or add a comment indicating you have an issue and our moderators will review the comment in question.

Search: