However, the region’s sellers should not be the least bit concerned. This quarter’s average still ranks within the top five Napa County quarterly averages on record, and comes at a time when the North Bay community is arguably the most desirable alternative to the seven-figure San Francisco, Marin and San Mateo Counties. The 260 sales this quarter was the highest Q1 figure for Napa County since Q1 2012—a rare gain during a quarter defined partially by severely limited inventory. The average 98 DOM here was a very typical number for the area.
AVERAGE SALES PRICE BY CITY – THE TOP 10
With a sizeable data pool of 20-plus sales, St. Helena performed quite well this quarter, showing a 28 percent year-over-year gain. Just over half these sales topped $1 million, with the highest coming in at $3.965 million—amounting to an overall average of $1.883 million.
SALES PRICE CHANGE
Sellers generally priced high, with those requiring no price change seeing no gain on list price and those who tested the market recovering 90 percent of their initial asking price.