Napa Newsletter

Save the Date for Toys for Tots - December 5th

Save the Date for Toys for Tots - December 5th
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<<First Name>>,
 
This is my favorite time of the year. My Family and I would like to invite you to celebrate the season with our 5th annual Toys for Tots event. Ilse and I are again Co-Hosting with Mark and Kristen with Napa Valley Financial. 

Please come to Compadres on December 5, 2018 from 5:30-8pm. We look forward to seeing you there.


You can RSVP by replying to this email or clicking on the flyer.

Thank you.

-Kris

 
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Sell your home for 100% of list price GUARANTEED or we will pay you the difference!*



Kristofer Chun, CDPE & SFR
Broker Owner
1560 Silverado Trail
Napa, CA 94559
P: 707.853.5747
F: 707.645.5747
Cal BRE# 01870237

 

"What lies behind us and what lies before us are tiny matters compared to what lies within us."
— Ralph Waldo Emerson

 
*Call or details and conditions 
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This Week In Real Estate - Mortgage Rates Jump Up.

This Week In Real Estate - Mortgage Rates Jump Up.
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<<First Name>>,
 
***NEW LISTING OPEN HOUSE***
19 Falcon Crest Cir. Napa, CA 94558                  
2 Bedrooms and 2 baths with approximately 1300 sqft List Price $199,000
Open House Sunday 11/11 from 12-2p
 
Well-maintained manufactured home in one of the most desirable 55+ communities, Oaktree Vineyard. The home features an extra-large expanded master bedroom & bath. The kitchen has been updated with laminate floors & skylights plus newly purchased gas range & dishwasher. A spacious living/dining area allow for formal entertaining. There is a family room off the kitchen with access to a covered patio for additional enjoyment. Biggest Bonus is attached garage for your convenience, storage and more.


Large Jump in Mortgage rates bring them to their highest level in 8 years.
 
Well it didn’t take long for the banks to react to the good economic news from last week.
 
Banks raise the mortgage rates in advance of anticipated actions by the Federal Reserve. All of the recent news has been that the Federal Reserve has been steadfast on their plan to raise rates in December.
 
The current market rate for mortgages is firmly in the 5% range today for a conventional fixed mortgage.
 
https://www.washingtonpost.com/business/2018/11/08/mortgage-rates-shoot-up-their-highest-level-nearly-years/?utm_term=.b57bac6c90f3
 
https://www.marketwatch.com/story/mortgage-rates-surge-to-a-near-8-year-high-as-house-hunters-race-the-clock-2018-11-08
 
Home sales in your area
 
Street Full Address Listing Price Selling Price
14 Laurel Ln, Napa, CA 94558-5657 715,000 715,000
931 Serendipity Way, Napa, CA 94558-7039 950,000 930,000
22 Quicksilver Ln, Napa, CA 94558-2758 939,000 939,000
2561 Utah St, Napa, CA 94558-6121 539,900 540,000
1555 Voorhees Cir, St. Helena, CA 94574-2060 695,000 652,000
345 Ashlar Dr, Napa, CA 94558-3713 499,000 472,000
2315 Bohen St, Napa, CA 94559-4635 550,000 540,000
133 Trent Dr, Napa, CA 94558-7302 575,000 585,000
16 Winestone Ct, Napa, CA 94558-1679 599,000 632,000
380 Foster Rd, Napa, CA 94558-5929 605,000 630,000
1240 Stockton St, St. Helena, CA 94574-1927 995,000 950,000
1980 Adams St, Yountville, CA 94599-1200 2,650,000 2,590,000
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Sell your home for 100% of list price GUARANTEED or we will pay you the difference!*



Kristofer Chun, CDPE & SFR
Broker Owner
1560 Silverado Trail
Napa, CA 94559
P: 707.853.5747
F: 707.645.5747
Cal BRE# 01870237

 

"What lies behind us and what lies before us are tiny matters compared to what lies within us."
— Ralph Waldo Emerson

 
*Call or details and conditions 
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This Week In Real Estate - GO VOTE. Economic News is very strong

This Week In Real Estate - GO VOTE. Economic News is very strong
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<<First Name>>,
 
***NEW LISTING OPEN HOUSE***
1243 Tall Grass Ct. Napa, CA 94558                   
4 bedrooms, 3.5 baths 4,362 sqft! with vineyard views. List Price $2,499,000
Open House Sunday 11/4 from 12-2p (Don’t forget to set your clocks back)

WOW. And I mean WOW. This stunning home is largest floor plan in the exclusive Hidden Hills neighborhood in the western hills of Napa Valley. The private location at the end of the cul-de-sac, provides breathtaking views can be seen from every room. The gourmet kitchen, luxurious master suite, formal dining with butler’s pantry, and custom 1000+ bottle wine cellar are a few of the many sophisticated features. The private resort like backyard includes an oversized spa, putting green, covered patio, bocce court and panoramic views.
 
 
Please VOTE!
 
Historic Jobs Report.
 
In today’s job report there were several things that point to the strong health of the economy.
 
#1. In October there were 250,000 jobs created. Over the estimates of 200,000 anticipated.
https://www.nytimes.com/2018/11/02/business/economy/jobs-report.html
 
#2. Along with the increase in jobs, there was also an increase in wages. For the first time in years, the increase was over 3%.
https://www.cnbc.com/2018/10/31/wages-and-salaries-jump-by-3point1percent-highest-level-in-a-decade.html

#3. Unemployment has dropped to 3.7%

#4. With those good economic signs the 10 year treasury yield increased to over 3.2% the highest level since 2011.
 
The expectation is for the Federal Reserve to raise the short term rate again in December to slow the rate of inflation and growth. With this news it is expected that mortgage rates will be roughly .25% higher in the next few weeks.
 
-Kris
 
 
Yes on Prop 5 – Allows seniors to move where ever they want in California and take their tax base to make it more affordable. With this additional incentive for moving, more inventory will become available.
 
No on Prop 10 – It will not make housing more affordable. It will only create additional reasons for developers not to build in CA. Lack of supply is the single greatest reason for the cost of housing in our state.
 
 
Home sales in your area

 
Street Full Address Listing Price Selling Price
1128 La Pintura Ln, Napa, CA 94558 869,000 869,000
1122 La Pintura Ln, Napa, CA 94558 972,500 972,500
1235 Cuttings Wharf Rd, Napa, CA 94559-9738 1,299,000 1,299,000
2229 Adrian St, Napa, CA 94558-5001 500,000 375,000
1134 La Pintura Ln, Napa, CA 94558 869,000 869,000
6600 Yount St #40, Yountville, CA 94599-1370 749,000 725,000
931 Serendipity Way, Napa, CA 94558-7039 950,000 930,000
1296 Regina Dr, Napa, CA 94558-2446 657,000 649,000
1530 Menlo Ave, Napa, CA 94558-4824 505,000 505,000
2524 Sonoma St, Napa, CA 94558 499,500 495,000
1209 Niebaum Ln, Rutherford, CA 94573 2,250,000 2,100,000
2535 Vintage St, Napa, CA 94558-2547 649,500 640,000
107 Aubrey Ct, Napa, CA 94558-7032 1,195,950 1,195,000
879 Liberty Dr, Napa, CA 94559-3573 760,000 776,000
161 Foster Rd, Napa, CA 94558-5923 529,950 520,000
2149 Delpha Dr, Napa, CA 94558-4525 499,000 505,000
1913 Vintner Ct, Yountville, CA 94599-1329 939,000 930,000
4416 Springwood Dr, Napa, CA 94558-1724 549,000 540,000
1856 Oak St, Napa, CA 94559-2338 625,000 705,000
4460 Meadowlark Dr #Napa, Napa, CA 94558-1711 625,000 620,000
205-205a Valley Oak Dr, Napa, CA 94558-5671 625,000 615,000
4 Redwood Dr, Yountville, CA 94599-1434 1,049,000 1,080,000
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Sell your home for 100% of list price GUARANTEED or we will pay you the difference!*



Kristofer Chun, CDPE & SFR
Broker Owner
1560 Silverado Trail
Napa, CA 94559
P: 707.853.5747
F: 707.645.5747
Cal BRE# 01870237

 

"What lies behind us and what lies before us are tiny matters compared to what lies within us."
— Ralph Waldo Emerson

 
*Call or details and conditions 
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Kris Chun, REALTOR®

2015 President North Bay Association of REALTORS – Napa Chapter

Direct: (844) 4MY-NAPA
1560 Silverado Trail, Napa, CA 94559
DRE# 01870237

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