Napa Newsletter

This Week In Real Estate - New wave of Tech Millionaires coming soon

This Week In Real Estate - New wave of Tech Millionaires coming soon
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<<First Name>>,
Open House Sunday 3/17 (Happy St. Patrick's Day!!) from 12-2p
3284 Atherton Circle, Napa, CA 94558

4 Bedrooms 3 FULL Baths 2,530 sqft with 11,314 sqft lot
List price $1,350,000

This house is amazing has too many upgrades to list here you will have to come and see it for yourself. The home is a perfect blend of Napa Lifestyle indoor/outdoor living. Many rooms have been adorned with rich finishes of natural wood. The large kitchen/great room has an island that could easily seat 6, a built-in dining bench and a wood statement wall with fireplace and tv nook. The expansive master bedroom features his and her vanities, separate soaking tub and large shower. The guest suite is located at the front of the home away from the other bedrooms. Outdoor patio cover includes a ceiling fan for entertaining on the hot summer nights and a fire pit for the chilly harvest evenings. The rest of the backyard includes a grass area big enough for a large pool, raised gardens on the side of the home, and thoughtful landscaping throughout.
 
The year of 10,000 instant millionaires.
 
This year there will be several IPOs for companies such as Uber, Lyft, Pintrest and AirBnB. It has been estimated that there will be over 10,000 millionaires because of these IPOs in the Bay Area.
 
This will have an impact for the housing prices and inventory for the entire Bay Area. In 2012, when Facebook went public, areas with a higher concentration of FB employees saw a jump of 1.6-2% more than other surrounding cities. But the other cities saw increases as well.
 
At Kristofer Chun Real Estate, we look to these types of situation as opportunities for marketing homes to these new buyers flush with increased funds. We can tailor specific marketing campaigns to employees of these firms based on email addresses, linked-in profiles, and other factors.
 
-Kris
 
Link to articles:
https://www.marketwatch.com/story/will-a-blockbuster-year-for-tech-ipos-lead-to-even-higher-home-prices-for-san-francisco-2019-02-05
 
https://www.sfchronicle.com/business/networth/article/Finally-some-evidence-on-the-impact-of-IPOs-on-13589281.php
 
https://sanfrancisco.cbslocal.com/2019/03/12/series-of-major-tech-ipos-could-make-san-francisco-house-prices-skyrocket/
 
Home sales in your area:
 
Street Full Address Listing Price Selling Price
909 Yount St, Napa, CA 94559-1807 559,000 554,000
21 Riverton Ct, Napa, CA 94558-6156 1,295,000 1,100,000
3675 Harkness St, Napa, CA 94558-2814 629,000 618,000
277 Luring Pines Dr, Angwin, CA 94508 780,500 755,000
3529 White Cliff Cir, Napa, CA 94558-5231 700,000 675,000
15 Casassa Ct, Napa, CA 94558-2700 660,000 640,000
2947 1st St, Napa, CA 94558-5528 469,000 474,000
4048 Tokay Dr, Napa, CA 94558-2527 549,000 562,725
3431 Scenic Dr, Napa, CA 94558-4237 799,500 852,000
7 Valley West Cir, Napa, CA 94558-5175 639,000 639,000
3788 Jomar Dr, Napa, CA 94558-2624 699,000 699,000
230 Monte Vista Dr, Napa, CA 94559-2125 838,000 860,000
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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

We are proud to support Teens Connect. This life saving organization helps the youth of our community face mental health issues to prevent violence, suicide and other at risk behaviors. Teens Connect supports, engages, and empowers teens through programs centered around art and wellness, peer support and volunteer projects. We provide positive opportunities for youth to discover their self-identity, express their voice and create lasting social impact in their communities.


 

"Infuse your life with action. Don't wait for it to happen. Make it happen. Make your own future. Make your own hope. Make your own love. And whatever your beliefs, honor your creator, not by passively waiting for grace to come down from upon high, but by doing what you can to make grace happen... yourself, right now, right down here on Earth."

-Bradley Whitford
 

*Call or details and conditions 
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This Week In Real Estate - Builders are betting on a good housing market

This Week In Real Estate - Builders are betting on a good housing market
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<<First Name>>,
 
Coming Soon: 3284 Atherton Circle, Napa, CA 94558
4 Bedrooms 3 FULL Baths 2,530 sqft with 11,314 sqft lot
List price $1,350,000

This house is amazing has too many upgrades to list here you will have to come and see it for yourself. The home is a perfect blend of Napa Lifestyle indoor/outdoor living. Many rooms have been adorned with rich finishes of natural wood. The large kitchen/great room has an island that could easily seat 6, a built-in dining bench and a wood statement wall with fireplace and tv nook. The expansive master bedroom features his and her vanities, separate soaking tub and large shower. The guest suite is located at the front of the home away from the other bedrooms. Outdoor patio cover includes a ceiling fan for entertaining on the hot summer nights and a fire pit for the chilly harvest evenings. The rest of the backyard includes a grass area big enough for a large pool, raised gardens on the side of the home, and thoughtful landscaping throughout.
 
Builders are betting on the housing market.
 
The seasonally adjusted rate of housing starts and permits increased nearly 20% from December to January. This big jump was fueled mostly by the increase in numbers for Single Family Home starts vs. Multi-unit apartments.
 
Housing starts are usually a good predictor of the health of the housing market. If builders are investing in the market, they are confident in solid returns for their investments and efforts. The peak of building starts was in January 2006. The decline in starts in the first half of 2006 was likewise a strong indicator of the beginning of the recession. Housing starts began to increase again in April 2009 signaling the start of the recovery.
 
Housing starts are lightly below the average for 2018, but some media outlets were using a single point of data (December 2018 figure) to start the chicken little chant “the sky is falling”
 
To find out more you can read some of the articles I think explain the data well.
 
-Kris
 
Link to articles:
https://www.marketwatch.com/story/housing-starts-rebound-in-january-as-builders-bet-big-on-houses-not-apartments-2019-03-08
 
https://www.cnbc.com/2019/03/08/housing-starts-january-2019.html
 
Home sales in your area:
 
Street Full Address Listing Price Selling Price
3978 Raleigh St, Napa, CA 94558-2228 550,000 505,000
28 Winestone Ct, Napa, CA 94558-1680 679,900 645,000
3044 Laurel St, Napa, CA 94558-5733 519,000 540,000
1730 Stockton St, St. Helena, CA 94574-1742 1,695,000 1,600,000
2068 Mora Ave, Calistoga, CA 94515-1044 650,000 632,500
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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

We are proud to support Teens Connect. This life saving organization helps the youth of our community face mental health issues to prevent violence, suicide and other at risk behaviors. Teens Connect supports, engages, and empowers teens through programs centered around art and wellness, peer support and volunteer projects. We provide positive opportunities for youth to discover their self-identity, express their voice and create lasting social impact in their communities.


 

"Infuse your life with action. Don't wait for it to happen. Make it happen. Make your own future. Make your own hope. Make your own love. And whatever your beliefs, honor your creator, not by passively waiting for grace to come down from upon high, but by doing what you can to make grace happen... yourself, right now, right down here on Earth."

-Bradley Whitford
 

*Call or details and conditions 
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This Week In Real Estate - Fling into spring

This Week In Real Estate - Fling into spring
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<<First Name>>,
 
3966 Verbena St. Napa, CA 94558 – PRICE REDUCTION!!   
5 Bedrooms and 4 baths with over 3500 sqft Improved List Price $950,000
Open House Sunday 3/3 from 1-3p
 
You need to see this home to understand the tremendous value. Almost the lowest cost per square foot in Napa, Newer construction (2004) and in a great neighborhood adjacent to vineyards. This elegant North Napa home features abundant living space with ample storage. The main floor has open concept living with a separate office, formal dining room and one bedroom and full bath. Upstairs is a spacious Master suite with large bath, separate vanities and 2 walk-in closets, plus another en-suite bedroom, a loft, laundry and the other two bedrooms and additional bath. A sunny courtyard off the kitchen for al fresco dining and a beautifully landscaped backyard for relaxing!
 
Will we fling into spring?
 
Normally March begins the warm up of not only temperatures, but also the busier time for real estate. But this year may be a little different.
 
Early signs have shown that inventories are increasing. For the 5th straight month, national inventory has increase month over month and January was up 7% year over year. Because of our rainy season inventory is still low, but it has been increasing.
 
For January, the median prices for homes in the North bay has dropped from the 4th quarter and we are up only 1.3% from January 2018. There is a sentiment in market that we will likely be holding flat in pricing this year.
 
If you are buying, the opportunity to get a lower interest rate and a stronger position to negotiate price may be here. Please call to get a specific understanding of the market.
 
-Kris
 
Link to an article:
https://www.realtor.com/news/real-estate-news/no-1-sign-cooler-spring-home-buying-market-come/
 
 
Home sales in your area:
 
Street Full Address Listing Price Selling Price
3978 Raleigh St, Napa, CA 94558-2228 550,000 505,000
15 Christine Ct, St. Helena, CA 94574 899,000 835,000
2533 Main St, Napa, CA 94558-5028 879,000 868,250
1380 El Bonita Ave, St. Helena, CA 94574-2121 1,505,000 1,420,000
171 Franklin St, Napa, CA 94559-3918 699,000 670,000
2766 Idaho St, Napa, CA 94558-5940 562,500 540,000
1198 Whitney Ave, Napa, CA 94559-4202 559,990 562,000
2253 W Park Ave, Napa, CA 94558 599,000 590,000
1970 Adrian St, Napa, CA 94559-1338 799,000 780,000
1625 Sequoia St, Napa, CA 94558-2319 475,000 495,000
54 Dickerson Ln, Napa, CA 94558-2578 779,000 779,000
2038 Wildwood Ct, Napa, CA 94559-4370 525,000 515,000
1036 Imola Ave, Napa, CA 94559-4129 499,500 500,000
17 Sea Breeze Ct, Napa, CA 94559-4812 1,169,000 1,169,000
2765 Kilburn Ave, Napa, CA 94558-5622 525,000 525,000
1113 Cayetano Dr, Napa, CA 94559-4133 599,000 600,000
1571 Tallac St, Napa, CA 94558-2825 559,000 557,000
4077 Fairfax Dr, Napa, CA 94558-2235 690,000 690,000
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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

We are proud to support Teens Connect. This life saving organization helps the youth of our community face mental health issues to prevent violence, suicide and other at risk behaviors. Teens Connect supports, engages, and empowers teens through programs centered around art and wellness, peer support and volunteer projects. We provide positive opportunities for youth to discover their self-identity, express their voice and create lasting social impact in their communities.


 

"Infuse your life with action. Don't wait for it to happen. Make it happen. Make your own future. Make your own hope. Make your own love. And whatever your beliefs, honor your creator, not by passively waiting for grace to come down from upon high, but by doing what you can to make grace happen... yourself, right now, right down here on Earth."

-Bradley Whitford
 

*Call or details and conditions 
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CONTACT INFO

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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