The $887,718 average sales price here was up 6 percent year-over-year, marking Napa County’s fifth-consecutive quarter within the $800,000 range. This activity occurred as 369 homes sold—a figure not only up 5 percent year-over-year but one representative of the strongest quarterly sales volume for the county since Q3 2013. That this activity took place while the county’s average 77 DOM moved 13 percent slower than a year prior should only solidify Napa County as one of the healthiest Bay Area markets at the moment. AVERAGE SALES PRICE BY CITY – THE TOP 10 St. Helena saw some of the strongest upward pricing gains of the cities with sizable data pools in Napa County. St. Helena’s $1.982 million average sale was up 56 percent year-over-year. The dramatic 165 percent gain in Yountville was skewed by a major sale of $10.2 million. SALES PRICE CHANGE
Homes that required no price change rarely received multiple offers or offers above list price, while sellers who tested the market regained 90 percent of their initial listing. This activity could ignite massive buyer confidence if inventory remains stable in the coming months.