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 4217 Duke Court, Fairfield, CA 94534 (MLS # 21803978)
    33
    4 beds,  3 full baths
    2,380 sqft   lot 2,958 sqft
    Listing provided by Thomas Pope, Pope Real Estate, Inc
    MLS 21803978
  2. Photo of 4600 Acacia Way, Penngrove, CA 94951 (MLS # 21804000)
    14
    3 beds,  2 full baths
    1,804 sqft   lot 1.62 ac
    Listing provided by David Rendino, RE/MAX Marketplace
    MLS 21804000
  3. Photo of 4079 Oak Avenue, Clearlake, CA 95422 (MLS # 21804004)
    18
    3 beds,  2 full baths
    1,348 sqft   lot 4,792 sqft
    Listing provided by Katherine Malloy, Century 21 NorthBay Alliance
    MLS 21804004
  4. 2 beds,  2 full baths
    1,418 sqft   lot 6,534 sqft
    Listing provided by Elizabeth Davis, Coldwell Banker T&C Properties
    MLS 21803879
  5. Photo of 648 White Oak Lane, Vacaville, CA 95687 (MLS # 21803767)
    29
    3 beds,  2 full baths
    1,183 sqft   lot 5,841 sqft
    Listing provided by Juli Paschal, Coldwell Banker Kappel Gateway Realty
    MLS 21803767
  6. Photo of 216 Solar Way, Healdsburg, CA 95448 (MLS # 21803975)
    28
    3 beds,  2 full baths
    1,662 sqft   lot 7,405 sqft
    Listing provided by Debra Johnson, Berkshire Hathaway Home Services Sonoma County Properties
    MLS 21803975
  7. Photo of 840 Descanso Way, San Rafael, CA 94903 (MLS # 21803921)
    17
    3 beds,  2 full baths
    1,950 sqft   lot 5,998 sqft
    Listing provided by Jeff Sterley, Pacific Union International
    MLS 21803921
  8. Photo of 3655 Rutherford Way, Santa Rosa, CA 95404 (MLS # 21803971)
    36
    4 beds,  3 full, 1 half baths
    3,342 sqft   lot 18,182 sqft
    Listing provided by Meaghan Creedon, Bradley Real Estate-Santa Rosa
    MLS 21803971
  9. Photo of 106 Nicholas Court, Cotati, CA 94931 (MLS # 21803988)
    14
    2 beds,  1 full bath
    848 sqft   lot 871 sqft
    Listing provided by Kimberly Sethavanish, Century 21 Alliance
    MLS 21803988
  10. Photo of 525 Major Drive, Santa Rosa, CA 95403 (MLS # 21803942)
    19
    3 beds,  2 full baths
    1,350 sqft   lot 10,498 sqft
    Listing provided by Jennifer Peschken, HomeSmart Advantage Realty
    MLS 21803942
  11. Photo of Windsor, CA 95492 (MLS # 21803417)
    30
    3 beds,  2 full baths
    1,520 sqft   lot 4,375 sqft
    Listing provided by Delia Nieto, RE/MAX Gold
    MLS 21803417
  12. Photo of 344 Rollingwood Drive, Vallejo, CA 94591 (MLS # 21803973)
    23
    3 beds,  2 full baths
    1,241 sqft   lot 8,712 sqft
    Listing provided by Shaunna Wouda, RE/MAX Gold
    MLS 21803973
  13. Photo of 14865 Hillcrest Avenue, Clearlake, CA 95422 (MLS # 21803974)
    14
    2 beds,  2 full baths
    1,080 sqft   lot 5,654 sqft
    Listing provided by Martin Levy, Century 21 NorthBay Alliance
    MLS 21803974
  14. Photo of 365 Montecito Boulevard, Napa, CA 94559 (MLS # 21803764)
    30
    6 beds,  4 full baths
    4,032 sqft   lot 27,251 sqft
    Listing provided by Jill Levy, Heritage Sotheby's International Realty
    MLS 21803764
  15. Photo of 561 Norlee Street, Sebastopol, CA 95472 (MLS # 21803982)
    25
    2 beds,  2 full baths
    1,030 sqft   lot 871 sqft
    Listing provided by Angela Meisenheimer, Faira.com Corp
    MLS 21803982
  16. Photo of 290 Long Acres Place, Healdsburg, CA 95448 (MLS # 21803900)
    48
    3 beds,  3 full baths
    2,611 sqft   lot 39,383 sqft
    Listing provided by Linda Farwell, Healdsburg Sotheby's International Realty
    MLS 21803900
  17. Photo of 406 Vendola Drive, San Rafael, CA 94903 (MLS # 21803677)
    19
    4 beds,  3 full baths
    2,092 sqft   lot 5,998 sqft
    Listing provided by Jennifer Schaible, Bradley Real Estate-San Rafael
    MLS 21803677
  18. Photo of 675 East Chestnut Street, Dixon, CA 95620 (MLS # 21803961)
    30
    3 beds,  3 full baths
    1,757 sqft   lot 7,841 sqft
    Listing provided by Laura Hodgson, Exclusive Realty and Mortgage
    MLS 21803961
  19. Photo of 19512 Stonegate Road, Hidden Valley Lake, CA 95467 (MLS # 21803979)
    27
    3 beds,  2 full, 1 half baths
    2,460 sqft   lot 24,829 sqft
    Listing provided by Linda Tams, Keller Williams Realty
    MLS 21803979
  20. Photo of 6255 Ridgeview Drive, Clearlake, CA 95422 (MLS # 21803888)
    23
    2 beds,  2 full baths
    1,527 sqft   lot 7,841 sqft
    Listing provided by Katherine Malloy, Century 21 NorthBay Alliance
    MLS 21803888
  21. 4 beds,  3 full baths
    2,413 sqft   lot 8,991 sqft
    Listing provided by Hendrik Lesterhuis, Discovery Realty, Inc.
    MLS 21803968
  22. Photo of 5160 Dartmoor Circle, Fairfield, CA 94534 (MLS # 21803962)
    2
    4 beds,  3 full baths
    2,159 sqft   lot 9,686 sqft
    Listing provided by Hendrik Lesterhuis, Discovery Realty, Inc.
    MLS 21803962
  23. Photo of 5148 Dartmoor Circle, Fairfield, CA 94534 (MLS # 21803964)
    3
    5 beds,  4 full baths
    3,472 sqft   lot 6,571 sqft
    Listing provided by Hendrik Lesterhuis, Discovery Realty, Inc.
    MLS 21803964
  24. Photo of 168 Oak Island Drive, Santa Rosa, CA 95409 (MLS # 21803883)
    19
    2 beds,  2 full baths
    1,172 sqft   lot 1,742 sqft
    Listing provided by Marie McBride, McBride Realty
    MLS 21803883
  25. Photo of 125 Spinnaker Point Drive, San Rafael, CA 94901 (MLS # 21803743)
    19
    2 beds,  2 full baths
    1,560 sqft   lot 2,400 sqft
    Listing provided by Stephanie Kline, Marker Real Estate
    MLS 21803743
  26. Photo of 11224 Occidental Road, Sebastopol, CA 95472 (MLS # 21802591)
    50
    4 beds,  3 full, 1 half baths
    4,062 sqft   lot 5.45 ac
    Listing provided by Robert Ramirez, CENTURY 21 Bundesen
    MLS 21802591
  27. 5 beds,  4 full baths
    3,472 sqft   lot 9,686 sqft
    Listing provided by Hendrik Lesterhuis, Discovery Realty, Inc.
    MLS 21803338
  28. 4 beds,  3 full baths
    2,159 sqft   lot 8,530 sqft
    Listing provided by Hendrik Lesterhuis, Discovery Realty, Inc.
    MLS 21803349
  29. Photo of 5181 Dartmoor Circle, Fairfield, CA 94534 (MLS # 21803321)
    2
    4 beds,  3 full baths
    2,413 sqft   lot 8,991 sqft
    Listing provided by Hendrik Lesterhuis, Discovery Realty, Inc.
    MLS 21803321
  30. Photo of 5177 Dartmoor Circle, Fairfield, CA 94534 (MLS # 21803328)
    3
    5 beds,  4 full baths
    3,136 sqft   lot 7,358 sqft
    Listing provided by Hendrik Lesterhuis, Discovery Realty, Inc.
    MLS 21803328
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