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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 12831 Oak Knoll Avenue, Clearlake Oaks, CA 95423 (MLS # 21720020)
    29
    3 beds,  2 full baths
    1,524 sqft   lot 13,917 sqft
    Listing provided by Janice Maschek, Shore Line Realty, Inc
    MLS 21720020
  2. Photo of 435 Youngsdale Drive, Vacaville, CA 95687 (MLS # 21724672)
    38
    3 beds,  2 full, 1 half baths
    2,204 sqft   lot 10,263 sqft
    Walk Score® 6
    Listing provided by Ninoroy Machado, All City Homes
    MLS 21724672
  3. Photo of 4103 Thomas Drive, Lakeport, CA 95453 (MLS # 21724670)
    27
    4 beds,  2 full, 1 half baths
    2,874 sqft   lot 9.00 ac
    Walk Score® 21
    Listing provided by Jennifer Mullin, Century 21 North Bay Alliance
    MLS 21724670
  4. Photo of 509 Parker Avenue, Rodeo, CA 94572 (MLS # 21724669)
    47
    5 beds,  3 full baths
    2,900 sqft   lot 3,877 sqft
    Walk Score® 71
    Listing provided by RIA COTTON, KELLER WILLIAMS REALTY
    MLS 21724669
  5. Photo of 1909 Sheldrake Lane, Petaluma, CA 94954 (MLS # 21724668)
    3
    4 beds,  2 full baths
    1,828 sqft   lot 6,534 sqft
    Walk Score® 12
    Listing provided by Stephen Pearson, Vanguard Properties
    MLS 21724668
  6. Photo of Rio Vista, CA 94571 (MLS # 21724660)
    15
    2 beds,  2 full baths
    1,448 sqft   lot 4,516 sqft
    Walk Score® 0
    Listing provided by Howard Branton, Shea Homes Marketing Company
    MLS 21724660
  7. Photo of 3959 Scenic Ranch Lane, Vacaville, CA 95688 (MLS # 21724664)
    43
    3 beds,  2 full, 1 half baths
    2,700 sqft   lot 20.01 ac
    Walk Score® 2
    Listing provided by Eugene Ray, Coldwell Banker Kappel Gateway Realty
    MLS 21724664
  8. Photo of Forestville, CA 95436 (MLS # 21724356)
    12
    3 beds,  1 full bath
    1,810 sqft   lot 27.33 ac
    Walk Score® 0
    Listing provided by Gary Harris, Sequoia Properties
    MLS 21724356
  9. Photo of 931 Olive Street, Santa Rosa, CA 95407 (MLS # 21724667)
    9
    2 beds,  1 full bath
    858 sqft   lot 5,663 sqft
    Walk Score® 47
    Listing provided by Craig Bassignani, Real Estate eBrokers Inc
    MLS 21724667
  10. Photo of 210 Los Altos Place, American Canyon, CA 94503 (MLS # 21724478)
    34
    4 beds,  2 full baths
    1,182 sqft   lot 4,809 sqft
    Walk Score® 44
    Listing provided by Sergio Santos, JEHNS Real Estate
    MLS 21724478
  11. Photo of 101 Thistle Lane, Santa Rosa, CA 95407 (MLS # 21724638)
    14
    3 beds,  2 full baths
    1,128 sqft   lot 7,288 sqft
    Walk Score® 19
    Listing provided by Kyle Beeler, Redwood Property Group
    MLS 21724638
  12. Photo of 294 Headlands Court, Sausalito, CA 94965 (MLS # 21722669)
    4
    1 bed,  1 full bath
    825 sqft   lot 1,089 sqft
    Walk Score® 29
    Listing provided by Virginia Thackwell, Zephyr Real Estate
    MLS 21722669
  13. Photo of 19030 Hidden Valley Road, Guerneville, CA 95446 (MLS # 21724614)
    9
    3 beds,  2 full baths
    1,534 sqft   lot 4,792 sqft
    Walk Score® 1
    Listing provided by Susan Mobley, Russian River Realty Co
    MLS 21724614
  14. Photo of 1007 1st Street, Fairfield, CA 94533 (MLS # 21724641)
    37
    4 beds,  2 full baths
    1,830 sqft   lot 8,712 sqft
    Walk Score® 77
    Listing provided by Seth Braselton, Coldwell Banker Kappel Gateway Realty
    MLS 21724641
  15. Photo of 431 San Jose Street, Fairfield, CA 94533 (MLS # 21724624)
    37
    3 beds,  2 full baths
    1,287 sqft   lot 6,098 sqft
    Walk Score® 66
    Listing provided by Margaret Celestini, The Solari Group
    MLS 21724624
  16. Photo of 60 Canyon Road, Fairfax, CA 94930 (MLS # 21724653)
    14
    2 beds,  1 full, 1 half baths
    1,416 sqft   lot 7,000 sqft
    Walk Score® 4
    Listing provided by Donald Gieseke, Castlemont Realty
    MLS 21724653
  17. Photo of 721 Mcdonald Avenue, Santa Rosa, CA 95404 (MLS # 21724337)
    50
    4 beds,  3 full baths
    3,578 sqft   lot 7,405 sqft
    Walk Score® 87
    Listing provided by Mary Anne Veldkamp, Coldwell Banker Residential Brokerage
    MLS 21724337
  18. Photo of 2418 Gads Hill Street, Santa Rosa, CA 95401 (MLS # 21724646)
    31
    3 beds,  2 full baths
    1,476 sqft   lot 7,200 sqft
    Walk Score® 8
    Listing provided by Roelof Drenth, RE/MAX PROs
    MLS 21724646
  19. Photo of 1014 Barrows Drive, Suisun City, CA 94585 (MLS # 21724249)
    25
    3 beds,  1 full bath
    1,088 sqft   lot 5,663 sqft
    Walk Score® 35
    Listing provided by David Bezeau, Broker Tech, Inc.
    MLS 21724249
  20. Photo of 514 Daniels Avenue, Vallejo, CA 94590 (MLS # 21724632)
    24
    4 beds,  2 full, 1 half baths
    1,702 sqft   lot 1,568 sqft
    Walk Score® 55
    Listing provided by Anna Chavez, Alta Realty Group Ca, Inc.
    MLS 21724632
  21. Photo of 110 Coronation Drive, Santa Rosa, CA 95401 (MLS # 21723420)
    32
    3 beds,  2 full baths
    1,949 sqft   lot 13,774 sqft
    Walk Score® 3
    Listing provided by Karen Grotte, Pacific Union International
    MLS 21723420
  22. Photo of 5118 Silver Lake Drive, Santa Rosa, CA 95409 (MLS # 21724637)
    31
    3 beds,  2 full baths
    1,307 sqft   lot 7,000 sqft
    Walk Score® 22
    Listing provided by Cindy Lee, Coldwell Banker Residential Brokerage
    MLS 21724637
  23. Photo of 12 Cobblestone Court, Napa, CA 94558 (MLS # 21714570)
    26
    4 beds,  3 full baths
    1,913 sqft   lot 4,787 sqft
    Walk Score® 38
    Listing provided by Lynne Lindahl, Coldwell Banker B of V-Napa
    MLS 21714570
  24. Photo of 10 Pebble Beach Drive, Novato, CA 94949 (MLS # 21724568)
    44
    5 beds,  3 full baths
    2,943 sqft   lot 19,206 sqft
    Walk Score® 18
    Listing provided by Mary Szykowny, CENTURY 21 Wine Country
    MLS 21724568
  25. Photo of 2035 Blucher Valley Road, Sebastopol, CA 95472 (MLS # 21724593)
    11
    3 beds,  3 full baths
    3,708 sqft   lot 2.94 ac
    Walk Score® 0
    Listing provided by David Nielsen, Coldwell Banker Residential Brokerage
    MLS 21724593
  26. Photo of 500 Oakcrest Road, San Anselmo, CA 94960 (MLS # 21724628)
    48
    5 beds,  3 full, 1 half baths
    4,342 sqft   lot 4.10 ac
    Walk Score® 8
    Listing provided by John Fitzgerald, Pacific Union International
    MLS 21724628
  27. Photo of 7 Tamalpais Road, Fairfax, CA 94930 (MLS # 21724407)
    34
    2 beds,  1 full bath
    1,186 sqft   lot 6,050 sqft
    Walk Score® 73
    Listing provided by Eric Gelman, Paragon Real Estate Group - Greenbrae
    MLS 21724407
  28. Photo of 719 Pennsylvania Street, Vallejo, CA 94590 (MLS # 21724635)
    25
    4 beds,  2 full baths
    1,380 sqft  
    Walk Score® 71
    Listing provided by Melanie Ross, Coldwell Banker Solano Pacific
    MLS 21724635
  29. Photo of 10 Lakeview Court, Novato, CA 94947 (MLS # 21723671)
    13
    2 beds,  2 full baths
    1,040 sqft   lot 1,041 sqft
    Walk Score® 45
    Listing provided by Lisa Byram, Pacific Union International
    MLS 21723671
  30. Photo of 10 Professional Center Parkway, San Rafael, CA 94903 (MLS # 21724621)
    16
    2 beds,  1 full, 1 half baths
    1,107 sqft   lot 3,001 sqft
    Walk Score® 54
    Listing provided by Amy Deming-Simkins, Pacific Union International
    MLS 21724621
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