Napa Real Estate Report: 3rd Quarter 2018

Autumn vineyard rows beneath a bright blue sky and billowing clouds.

Napa Real Estate Report:

3rd Quarter 2018

Key Takeaways:

Q3 Median House Sales Prices
Up 10.5% Year over Year
Median Days on Market are Relatively Low
Q3 Sales of Homes $1 Million+ Up 42% Year over Year

Median Home Price Changes

Almost all the other Bay Area counties saw median sales price drops Q2 to Q3 2018, but Napa County bucked that trend: Its Q3 median house price was up 10.5% year over year, and up 3% from Q2. However, it should be noted that Napa has by far the lowest sales volume of any of the Bay Area counties – only one quarter as many as Sonoma County – and fewer sales make quarterly statistics more liable to fluctuation. Still, the longer term trends in the next chart are clear.

Chart of Napa median home prices by quarter, rising from $620,000 in Q3 2015 to $727,000 in Q3 2018.

Median Days on Market

Median days on market seem quite low, which would indicate that the homes that have been selling recently have been selling relatively quickly. This is another statistic to watch through the end of the year.

Home Sales $1 Million and Above

Napa County saw a surprisingly substantial Q3 increase in the sales of higher-priced homes.

Bar chart of Napa County million-dollar-plus home sales by quarter, peaking at 112 in Q3 2018.

Year-over-Year Statistics

by Bay Area County

As seen in this table, increases in listings and price reductions have been common around the Bay Area, though Napa generally saw relatively moderate percentage changes as compared to some of the huge jumps in other counties. One thing to keep in mind with year-over-year changes is how hot the market was last year. It is too soon to say whether these statistics indicate a major market transition underway. We will know more after autumn sales data is in.

All counties saw year-over-year median Q3 2018 house sales price increases ranging from 6% to 15%.

Compass table comparing 2018 Bay Area real estate trends, including Napa, with 2017.

Featured News

Two men in a vintage turquoise convertible, with one looking toward the camera.

Napa Valley Film Festival announces line-up, tributes and special events: The eighth annual Napa Valley Film Festival (NVFF) returns Nov. 7-11 to showcase new independent films, along with food and wine at special events, including the Festival Gala, VIP receptions and Vintner Circle dinners. (Napa Valley Register)

Eight Wines for Pumpkin Spice Lovers: It’s the same thing every autumn. Pumpkin spice lattes and a host of other pumpkin-laced foodstuffs flood grocery stores. It’s become apparent the seasonal craze is less a trend than a way of life. Lucky for you, the baking spices that make up “pumpkin spice” are quite prevalent in a range of wine styles. (Napa Wine Taste)

A pile of orange, white, and gray pumpkins and gourds.

Vineyard rows climb toward estate buildings on a ridge at sunset.

36 Hours in Napa Valley: The venerable vineyards and Michelin-starred restaurants in this California enclave are what everyone comes for. But there are also craft beer breweries, upstart restaurants and, yes, new wineries to explore. (New York Times)

Bay Area rents drop annually for first time in 7 years: Median rents dropped in September and August compared to the year before, reversing an upward trend of more than seven years that has pushed prices into the stratosphere. (Napa Valley Register)

Room for Rent sign above a red metal gate secured with padlocks.

Bart’s Favorite

Napa Estates

Gray ranch-style home with a rectangular pool and lit outdoor fireplace at dusk.

Why Compass?

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After 8 years with Pacific Union International, I decided to move to Compass in November 2017. I joined Compass because they offered a fresh, innovative approach to real estate; an amazing, collaborative culture; and a clear vision for the future of the real estate industry. Almost a year later, I could not be happier. Being a part of this fast growing real estate company makes me excited and energized to go to work everyday. I invite you to learn more about them.

Launched in 2012, Compass is the first modern real estate company, pairing the industry’s top talent with technology to make the search and sell experience intelligent and seamless. Having expanded into major markets across the nation, our agents, business strategists, marketers, and software developers are motivated by a single mission: To help everyone find their place in the world.

Learn More

Featured Listings

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3075 St Helena Highway North

Unincorporated St. Helena

4 Bed | 3 Bath

Two-story home with an upper balcony, ivy-covered facade, and curved driveway through the lawn.

1600 Atlas Peak Road, Unit 446

Silverado Resort

1 Bed | 1 Bath

Recent Sales

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3151 Sunnydale Drive

Unincorporated Napa

3 Bed | 1 Bath

Flower-filled deck overlooking a fenced garden, green lawn, and distant hills.

344 Troon Court

Silverado Resort

3 Bed | 2 Bath

Bart Moore

CalBRE#: 01827063
707.334.8811
[email protected]

Compass is a licensed real estate broker (01991628) in the State of California and abides
by Equal Housing Opportunity laws. All material presented herein is intended for informational
purposes only. Information is compiled from sources deemed reliable but is subject to errors,
omissions, changes in price, condition, sale, or withdraw without notice. No statement is made
as to accuracy of any description. All measurements and square footages are approximate. Exact
dimensions can be obtained by retaining the services of an architect or engineer. This is not
intended to solicit property already listed

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