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Spring 2020 Market Update
The Realestate Market in Northern California is Beginning to Soften and Re Sale of House Pricing is becoming more Flexible. More Home Owners are Listing their Homes in anticipation of further weakness due to increased Mortage Rates and increased Home Listings. This is the first time sense 2008, that the Market is beginning to experience Purchaser advantage in Price Negotiations, more flexible terms from Sellers. Now is a great time to Look for a SFR because selection and pricing are favorable and Sellers are looking to sell before the Market slows to a point they will not be willing to loose the value from a Hot Market. Now is the ideal time to buy or sell as we are in a perfect storm for both Buyer and Seller.
Average Sold Home Price: $675,000

Average Time on Market: 60-90 days

Best Selling Price Range: $650,000 - $699,000

Existing Home Prices for the past 90 days: No Change

Market Trend: Increasing

Buyer's or Seller's Market: More sellers than buyers

Buyer Activity for the past 90 days: Increasing

Seller Activity for the past 90 days: Increasing

Multiple Offers? No

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? 0-5%

Is Financing Available For Qualified Buyers? Yes

Housing Inventory: Good Supply

Greatest Activity: Repeat Buyers

Best reason to buy or sell: Population Growth

Nearest Metro Area: San Francisco

Contact Information
Clark Quartaroli and Rick DeSloover
Clark-707-386-0679 - Rick-707-758-6212
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Mortgage Rates for Apr 8th, 2020
30 year fixed rate: 4.51%
15 year fixed rate: 3.90%
30 year jumbo rate: 4.41%
15 year jumbo rate: 4.12%
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Real Estate Professional, Clark Quartaroli and Rick DeSloover Clark Quartaroli and Rick DeSloover
Drysdale Properties
Specializing in Napa Real Estate
1900 Jefferson Street
Napa, California 94559
Clark-707-386-0679 - Rick-707-758-6212
Email Me | Receive New Listings by Email
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(Because current market conditions can change rapidly in any given marketplace,
please check with Clark Quartaroli and Rick DeSloover for current Napa, CA market conditions before acting on this information.)
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