Luxury Homes Wine Country by Kathy Luebcke
Kathy Luebcke
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Napa Readers find Sweet Real Estate Reports

8-21-readerNapa's real estate picture usually differs little from that of the nation as a whole. The latest rumblings from the mass media and web continue to bolster the picture of rising values and quickening activity—a sweet story with nary a sour note. In fact the unanimity of voices from almost every corner of the country is a story in itself. There was just one exception.

Some samplings Napa readers would have found in the past week’s real estate news and opinion—

  • From the Associated Press, we learned that “prices are soaring” in some cities, and that they rose in all 20 cities polled. The pace of existing home sales rose to the “fastest pace since February 2007.”—roughly what might be expected in a healthy housing market. The AP attributed at least some of the reason for the real estate price rises to widespread predictions that the Federal Reserve may start raising short-term interests rates sooner rather than later.
  • From Dan Green’s Mortgage Reports, the home value increase was illustrated in a multi-colored chart, which showed sample cities’ rises at anywhere from 1%-11%—with most clumped between the 4%-6% lines. Freddie Mac was quoted as pegging the average 30-year mortgage rate at below 4%, with VA and FHA mortgage rates even lower. Their opinion was straightforward: “It’s an inexpensive time to finance a home.” Since historically “mortgage rates average nearer to 8:25%,” that opinion is hardly a stretch!
  • Headlines from CoreLogic’s latest Home Price Index Report were “Home Prices Rose by 6.5% Year Over in June 2015” and “HPI Forecast Projects 4.5%” rise for the coming 12 months. CoreLogic’s nationwide real estate numbers are among the most reliable—whereas some of the government numbers sometimes have to admit regular later revisions, it’s not usually the case for them.
  • Surprisingly, town observers would have had to go to the National Association of Realtors® site to find what at first sounded like the only sour note to be heard—yet it, too, had a sweet finish. “Pending Home Sales Dip in June” headed the last week’s news release. You had to read the fine print to learn that the pending sales were 8.2% higher than a year before, and that although they dipped slightly from May’s number, they were still the third highest reading in 2015…and marked the tenth consecutive monthly year-over-year increase!

Strengthening real estate prices have continued to bolster a solid summer selling season. If you are interested in exploring the Napa market as a prospective buyer (or as a seller), the climate continues to be inviting. Good reason to give me a call!


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  1. Photo of 61 Calhoun Street, Vallejo, CA 94590 (MLS # 21728234)
    14
    3 beds,  1 full bath
    1,025 sqft   lot 871 sqft
    Walk Score® 58
    Listing provided by Francois Assemian, RE/MAX Gold-Vallejo
    MLS 21728234
  2. Photo of 117 Wood Street, Grass Valley, CA 95945 (MLS # 21728232)
    8
    2 beds,  1 full bath
    744 sqft   lot 3,485 sqft
    Walk Score® 85
    Listing provided by Stacy Stanley, HOMESMART ICARE REALTY
    MLS 21728232
  3. Photo of 1336 Ryder Street, Vallejo, CA 94590 (MLS # 21727880)
    16
    3 beds,  2 full baths
    1,412 sqft   lot 4,722 sqft
    Walk Score® 65
    Listing provided by DORIS MODGLIN, BAYMARK REALTY
    MLS 21727880
  4. Photo of 6120 Melita Road, Santa Rosa, CA 95409 (MLS # 21728228)
    8
    1 bed,  1 full bath
    1,401 sqft   lot 28,750 sqft
    Walk Score® 8
    Listing provided by Izetta Feeny, Keller Williams Realty
    MLS 21728228
  5. Photo of 1341 Berry Street, Calistoga, CA 94515 (MLS # 21728103)
    32
    2 beds,  2 full baths
    1,300 sqft   lot 4,910 sqft
    Walk Score® 82
    Listing provided by Chad Pittman, W Real Estate
    MLS 21728103
  6. Photo of 709 Tahoe Court, Fairfield, CA 94534 (MLS # 21728131)
    18
    4 beds,  2 full, 1 half baths
    2,329 sqft   lot 6,522 sqft
    Walk Score® 19
    Listing provided by Joseph Rivera, Portside Real Estate Services
    MLS 21728131
  7. Photo of 2585 Clipper Lane, Fairfield, CA 94534 (MLS # 21727707)
    28
    3 beds,  2 full, 1 half baths
    1,502 sqft   lot 5,493 sqft
    Walk Score® 52
    Listing provided by Loy Jackson, Coldwell Banker Kappel Gateway Realty
    MLS 21727707
  8. Photo of 1312 Gold Way, Rohnert Park, CA 94928 (MLS # 21728225)
    14
    2 beds,  1 full bath
    864 sqft   lot 828 sqft
    Walk Score® 16
    Listing provided by Barbara Ellis, RE/MAX PROs
    MLS 21728225
  9. Photo of 2 Oak Valley Drive, Novato, CA 94947 (MLS # 21728204)
    33
    3 beds,  2 full baths
    1,404 sqft   lot 9,300 sqft
    Walk Score® 15
    Listing provided by Spiro Stratigos, Zephyr Real Estate
    MLS 21728204
  10. Photo of 1609 Neotomas Avenue, Santa Rosa, CA 95405 (MLS # 21726568)
    16
    2 beds,  1 full bath
    648 sqft   lot 19,550 sqft
    Walk Score® 45
    Listing provided by Kimberly Sethavanish, Century 21 Alliance
    MLS 21726568
  11. Photo of 145 Starling Way, Hercules, CA 94547 (MLS # 21728158)
    11
    4 beds,  2 full, 1 half baths
    2,044 sqft   lot 5,998 sqft
    Walk Score® 36
    Listing provided by Allegra Gigante-Luft, 3Tree Realty, Inc
    MLS 21728158
  12. Photo of 1117 Devonshire Court, Fairfield, CA 94534 (MLS # 21728220)
    26
    4 beds,  2 full, 1 half baths
    1,592 sqft   lot 5,075 sqft
    Walk Score® 4
    Listing provided by Francisco Macias, Realty Resolutions
    MLS 21728220
  13. 4 beds,  2 full baths
    1,181 sqft   lot 5,663 sqft
    Walk Score® 38
    Listing provided by Toni Mallory, The Sayles Group, Inc
    MLS 21728139
  14. Photo of 519 Laurel Grove Circle, Santa Rosa, CA 95407 (MLS # 21727564)
    19
    2 beds,  2 full, 1 half baths
    1,024 sqft   lot 1,024 sqft
    Walk Score® 61
    Listing provided by William Byrd, RE/MAX Gold
    MLS 21727564
  15. Photo of 606 Whisperglen Court, Vacaville, CA 95687 (MLS # 21728210)
    29
    4 beds,  3 full baths
    2,360 sqft   lot 9,827 sqft
    Walk Score® 26
    Listing provided by LIBBY GUTHRIE, KELLER WILLIAMS
    MLS 21728210
  16. Photo of Forestville, CA 95436 (MLS # 21728215)
    24
    6 beds,  3 full, 1 half baths
    3,400 sqft   lot 1.43 ac
    Walk Score® 13
    Listing provided by Barbara Paul, Vanguard Properties
    MLS 21728215
  17. Photo of 1180 Silk Oak Drive, Suisun City, CA 94585 (MLS # 21728020)
    31
    3 beds,  2 full baths
    1,334 sqft   lot 4,452 sqft
    Walk Score® 20
    Listing provided by Donovan Schemke, RE/MAX Gold of Fairfield
    MLS 21728020
  18. Photo of 6846 Oakmont Drive, Santa Rosa, CA 95409 (MLS # 21727519)
    28
    2 beds,  2 full baths
    2,666 sqft   lot 8,712 sqft
    Walk Score® 27
    Listing provided by Virginia Katz, Pacific Union International
    MLS 21727519
  19. Photo of 130 Elm Avenue, Larkspur, CA 94939 (MLS # 21728213)
    36
    5 beds,  4 full, 1 half baths
    4,280 sqft   lot 14,354 sqft
    Walk Score® 36
    Listing provided by Whitney Rich, Golden Gate Sotheby's International Realty
    MLS 21728213
  20. Photo of Vacaville, CA 95687 (MLS # 21728212)
    23
    4 beds,  2 full baths
    1,870 sqft   lot 10,019 sqft
    Walk Score® 49
    Listing provided by Michael McCall, David McCall, Broker
    MLS 21728212
  21. Photo of 3348 Linda Mesa Way, Napa, CA 94558 (MLS # 21728120)
    5
    3 beds,  2 full baths
    2,116 sqft   lot 23,078 sqft
    Walk Score® 12
    Listing provided by Jerry Pujals, Coldwell Banker B of V-Napa
    MLS 21728120
  22. Photo of 5 Deer Park Lane, San Anselmo, CA 94960 (MLS # 21728209)
    13
    4 beds,  2 full baths
    2,046 sqft   lot 4,282 sqft
    Walk Score® 50
    Listing provided by William Byrd, RE/MAX Gold
    MLS 21728209
  23. Photo of 528 Arlington Drive, Rio Vista, CA 94571 (MLS # 21728207)
    27
    2 beds,  2 full baths
    1,767 sqft   lot 5,859 sqft
    Walk Score® 0
    Listing provided by Cheryl Wood, Wood Real Estate
    MLS 21728207
  24. Photo of 227 Carlisle Way, Benicia, CA 94510 (MLS # 21727971)
    25
    4 beds,  2 full baths
    1,735 sqft   lot 8,712 sqft
    Walk Score® 28
    Listing provided by Deepal Karunaratne, Redfin
    MLS 21727971
  25. Photo of 238 Fairway Court, Santa Rosa, CA 95409 (MLS # 21728206)
    6
    3 beds,  2 full baths
    1,354 sqft   lot 35,998 sqft
    Walk Score® 16
    Listing provided by Peter Kerston, The Property Network
    MLS 21728206
  26. Photo of 930 Kensington Place, Petaluma, CA 94954 (MLS # 21728171)
    35
    4 beds,  2 full baths
    1,935 sqft   lot 6,881 sqft
    Walk Score® 29
    Listing provided by Doug Solwick, Pacific Union International
    MLS 21728171
  27. Photo of 522 Alabama Street, Vallejo, CA 94590 (MLS # 21728198)
    2
    2 beds,  1 full bath
    940 sqft   lot 3,250 sqft
    Walk Score® 86
    Listing provided by Randy Nichols, RE/MAX Accord
    MLS 21728198
  28. Photo of 816 Turquoise Street, Vacaville, CA 95687 (MLS # 21728205)
    20
    2 beds,  2 full baths
    969 sqft   lot 4,857 sqft
    Walk Score® 17
    Listing provided by Stephen Ridge, BHHS Drysdale Properties
    MLS 21728205
  29. Photo of 7530 Occidental Road, Sebastopol, CA 95472 (MLS # 21728134)
    29
    3 beds,  1 full, 1 half baths
    1,708 sqft   lot 1.29 ac
    Walk Score® 6
    Listing provided by Kimberly Sethavanish, Century 21 Alliance
    MLS 21728134
  30. Photo of 320 Notre Dame Drive, Vallejo, CA 94589 (MLS # 21728200)
    26
    4 beds,  2 full, 1 half baths
    1,922 sqft   lot 8,712 sqft
    Walk Score® 31
    Listing provided by Cecile McNaughton, Greater Solano Real Estate Services
    MLS 21728200
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