Napa Newsletter

This Week In Real Estate -The Job mark rebounds

This Week In Real Estate -The Job mark rebounds
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<<First Name>>,
 
888 Erin Way Napa, CA
4 Bedrooms 3 full bath List Price $925,000
Open Sunday 7/21 from 12-2p
 
This beautiful Napa Valley home, just 3 years NEW, is perfectly located in a quiet neighborhood just minutes from downtown Napa.  As soon as you walk into this home the high ceilings and grand open layout will welcome you. Featured you will find a, spacious master with a luxurious master bath, a downstairs bedroom, and a gorgeous kitchen with lots of storage space. The large corner lot boasts a generous backyard that is an entertainer’s delight with a swim spa.
 
2891 Kilburn Ave. Napa, CA
2 Bedrooms 1 Bath 747 sqft List Price $515,000
Open Sunday 7/21 from 1-3p

This adorable cottage has been beautifully updated and meticulously maintained. Featured you will find granite countertops and stainless-steel appliances in the kitchen, a laundry/craft room, and a large bonus room. The spacious backyard is great for entertaining with the large deck, shaded patio, fire pit, and horseshoe pit. There is even a large chicken coop to provide fresh eggs for breakfast. All this located close to schools and shopping.
 
1882 Silverado Trail. Napa, CA
3 Bedrooms 2.5 Bath 1867 sqft List Price $1,250,000
Open Sunday 7/21 from 2-4p
 
Perfectly located on a private hillside just minutes to downtown this stunning Napa Valley retreat features a grand living room with vaulted ceilings, a formal dining room, eat-in kitchen with induction cooktop, and a private den. On over an acre the yard is an entertainer's dream with stunning views, a sparkling pool, and a large storage barn that includes a wine cellar and did I mention that this home is ran of an impressive solar system?
 


FYI Back to School sales are on right now at Walmart, Target, Staples and Office Depot.

Job growth rebounds.
 
The economy may not be as bad off as initially thought this year.
 
Payroll growth rebounded sharply in June as the U.S. economy added 224,000 jobs, the best gain since January and running contrary to worries that both the employment picture and overall growth picture were beginning to weaken. The unemployment rate edged up to 3.7% as labor force participation rose, according to the Labor Department.
 
Economists surveyed by Dow Jones had expected nonfarm payrolls to rise by 165,000 and the unemployment rate to hold steady at 3.6%. May’s initially reported growth of 75,000 had raised doubts about the durability of the record-setting expansion that began a decade ago. The May count was revised lower to 72,000.
 
Federal Reserve policymakers have been watching the jobs numbers closely. Markets have been widely anticipating that the central bank will cut its benchmark interest rate later this month, regardless of what the June payrolls count showed.
 
California’s economy has been expanding for 112 months — since February 2010 — only one month shy of its record expansion in the 1960s, Lenny Mendonca, director of the Governor’s Office of Business and Economic Development, said in a prepared statement.
 
With the continued positive economic news. The Fed will likely hold their “observation” status of the markets and hold rates steady at the next meeting. Expect the existing lower mortgage rates (3.75-4% for 30 year fixed conventional mortgages) to continue.
 
-Kris
 
 
Home sales in your area:
 
Street Full Address Listing Price Selling Price
1105 Hardman Ave, Napa, CA 94558-1408 2,975,000 2,700,000
426 Troon Dr, Napa, CA 94558-1562 1,185,000 1,165,000
4105 Primrose Way, Napa, CA 94558-2595 749,000 730,000
1025 Matt Dr, Napa, CA 94558-6910 639,000 625,000
3350 Crestview Way, Napa, CA 94558-5330 1,195,000 1,180,000
3323 Linda Mesa Way, Napa, CA 94558-4232 1,150,000 1,125,000
1809 Aurora Dr, Calistoga, CA 94515-1180 729,000 710,000
3973 Dunhill St, Napa, CA 94558-2220 699,990 692,000
1400 Tallac St, Napa, CA 94558-2859 649,900 630,000
481 Crystal Springs Rd, St. Helena, CA 94574-9666 2,350,000 2,100,000
3955 Briarwood St, Napa, CA 94558-2216 695,000 685,000
949 Crane Ave, St. Helena, CA 94574-2030 850,000 800,000
3301 Shadow Hill Ln, Napa, CA 94558-5561 697,000 697,000
2783 Illinois St, Napa, CA 94558-5941 559,000 570,000
1415 Rubicon St, Napa, CA 94558-2901 595,000 610,000
2025 Morlan Dr, Napa, CA 94558-4628 675,000 625,000
1620 Spring St, St. Helena, CA 94574-2042 839,000 865,000
3525 Beckworth Dr, Napa, CA 94558-2807 585,000 600,000
4238 Presidio Way, Napa, CA 94558-1924 710,000 715,000
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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 -The Real Estate Market Trend Report

This Week In Real Estate -The Real Estate Market Trend Report
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<<First Name>>,
 
Open House
501 Kent St. Napa, CA
4 Bedrooms 2.5 baths 1,563 sqft List Price $599,000
Open Saturday 7/13 from 1-3p
Open Sunday 7/14 from 10:30-1p

This lovingly maintained and updated home is located in a quiet neighborhood at the base of Napa's western hills. This is one of the largest floor plans in the community with a spacious family room, eat-in kitchen with island, separate living room, indoor laundry, 4 bedrooms and 2 and baths. The kitchen boasts newer cabinets, granite counters and stainless steel appliances. The home has new interior paint and the roof is less than 3 years old. The corner lot has a generous yard with low maintenance land scaping.
 
 
The market is still improving
 
Every quarter, I send out a report that shows the basic metrics of the real estate market’s health. With all the news about the market going down, the market floundering, the rush for sellers’ to take their profits now … please understand that the market has not imploded. These charts for Napa County are representative of the trends in Solano and Sonoma as well.

Months of inventory has finally reached 4 months (often viewed as the balanced market between buyer’s and seller’s) A healthy level for controlled growth. Biggest difference in Solano and Sonoma is months of inventory.  Sonoma has 2.8 months of inventory; up from 2.3 months in 2018 and Solano county has 1.7 months of inventory; up from 1.4 months in 2018. Again the trends are the same, just those counties are still in the seller market range.

Inventory report shows this detail with more data. There are 478 homes for sale in Napa county and the average month sold (closed escrow) about 118 homes and put 140 Pending (into contract). There is now good mix of inventory on the market!!

With all this extra inventory, we are seeing days on market remain about the same. Yes the Q1 of 2019 was a higher but that was within the cycle of the seasonal average for the last 5 Q1s. The DOM dropped significantly, as expected in a healthy market, for Q2

Now for the money. The median price of a home sold in Napa has been increasing on an annualized basis continually since 2012. This is a long time for a Boom Market, growth is slowing, a good thing since we are up nearly 100% since 2011 at the low point of the market. We saw a 3.7% increase in the median price as compared to the same quarter 12 months ago (Q2 2018 vs. Q2 2019)
 
Bottom Line
If you are thinking about buying or selling a home, it is important that you have a true professional handling your real estate needs. Someone who knows the truth about the current economy and its potential impact on the housing market.
 
-Kris
 
 
Home sales in your area:
 
Street Full Address Listing Price Selling Price
12 Ivy Ct, Yountville, CA 94599-1215 915,000 875,000
5 Stags View Ln, Yountville, CA 94599-1447 1,395,000 1,150,000
2343 Beach St, Napa, CA 94558-3624 649,800 645,000
5 Ravenwood Ln, Napa, CA 94558-6729 1,075,000 1,025,000
22 Manchester Ct, Napa, CA 94558-1851 754,000 754,000
1416 Center St, Napa, CA 94559-1701 675,000 655,000
2067 W Lincoln Ave, Napa, CA 94558-5534 875,000 840,000
13 Saint Francis Cir, Napa, CA 94558-6514 849,000 825,000
6400 State Highway 128 Hwy, Napa, CA 94558 549,000 480,000
1009 Stonedge Dr, Napa, CA 94558-4049 1,395,000 1,395,000
1916 Vineyard Ave, St. Helena, CA 94574 2,275,000 2,175,000
3281 Macbeth St, Napa, CA 94558-3115 675,000 665,000
4401 Summerfield Dr, Napa, CA 94558-1725 599,000 610,000
1297 Leaning Oak Dr, Napa, CA 94558-5355 2,495,000 2,495,000
2245 Culpepper St, Napa, CA 94558-2278 739,000 734,000
34 Bancal Ct, Napa, CA 94559-4552 599,995 605,000
1660 Kearney St, St. Helena, CA 94574-1760 2,950,000 2,850,000
220 Lakeview Dr, Napa, CA 94559 1,250,000 1,330,000
3982 Lucero St, Napa, CA 94558-1985 745,000 745,000
276 Kaanapali Dr, Napa, CA 94558-1523 1,599,000 1,590,000

 

Please RSVP for our Backpacks and BBQ event on July 30, 2019.
Hosted by Kristofer Chun Real Estate and Mark Richmond with Napa Valley Financial
To RSVP, please Click on flyer or just reply to this email.
 
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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 -Know the Real Story, not the negative spin on the news.

This Week In Real Estate -Know the Real Story, not the negative spin on the news.
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<<First Name>>,
 
First Open Houses for two amazing properties.
 
501 Kent St. Napa, CA
4 Bedrooms 2.5 baths 1,563 sqft List Price $599,000
Open Sunday 7/7 from 12-2p

This lovingly maintained and updated home is located in a quiet neighborhood at the base of Napa's western hills. This is one of the largest floor plans in the community with a spacious family room, eat-in kitchen with island, separate living room, indoor laundry, 4 bedrooms and 2 and baths. The kitchen boasts newer cabinets, granite counters and stainless steel appliances. The home has new interior paint and the roof is less than 3 years old. The corner lot has a generous yard with low maintenance land scaping.
 
2060 Hoffman Rd, Napa, CA (Yountville area)
2 Bedrooms 2.5 Baths 1,913 sqft 2.5 Acres List Price $1,950,000
Open Sunday 7/7 from 12-2p


With 2.5 flat acres nestled among prestigious vineyards in the Yountville AVA with  Joel Gott across the street and Elyse next door. This property presents the canvas for your dream Wine Country Estate. The stunning lot includes a custom built home, barn, workshop, and over an acre+ of vacant space representing the perfect opportunity for your own vineyard or possibly a guest house. Prime country location yet just minutes to Yountville/Napa, close to world class restaurants, wineries and shopping.
 
The Enormous Divide Between the Headline and the Truth
 
Even back in the mid-1800s, people knew that negative news sells. That is still true today. All forms of media realize that they will get more eyeballs, clicks, likes, and engagement by posting something negative. However, they must realize that negative headlines impact markets.
 
Recently, the National Association of Home Builders released a survey revealing:
 
“Negative media reports making buyers cautious was a significant problem for 48% of builders in 2018, but 62% expect it to be a problem in 2019.”
 
Even today, good news is headlined with a negative spin in order to get attention. Here are two recent examples from mainstream media:
 
Actual Headline #1: Cash-out refis are back – will homes become ATMs again?
 
The real story: The headline is accurate - to a point. It is true that the percentage of refinances in which the homeowner received cash at the closing has increased to near the levels that existed in 2006. However, the actual amount of equity homeowners “cashed-out” compared to a decade ago isn’t close.
 
The dollar amount cashed-out last year was $63 billion. That seems like a really large number until we compare it to 2006, when homeowners cashed-out $321 billion. That is more than five times the current amount.
 
In 2006, people did use their homes as ATMs. They purchased new cars, boats, and lavish vacations. Today, the cashed-out equity is more commonly being used to consolidate debt, as seed capital for a new business, or to help a child with their college tuition.
 
Actual Headline: Consumer Debt hits $4 Trillion. Americans are diving deeper and deeper into debt.
 
The real story: The first sentence of the headline is accurate. The second sentence couldn’t be further from the truth. Total consumer debt is the highest it has ever been. That’s because the population continues to grow, and so does the economy (prices and wages).
 
The important number is how that total debt ranks as a percentage of disposable personal income. That percentage is the lowest ever recorded!! People are not “diving deeper and deeper into debt”. The exact opposite is true. They have less debt now than ever before.
 
Bottom Line
If you are thinking about buying or selling a home, it is important that you have a true professional handling your real estate needs. Someone who knows the truth about the current economy and its potential impact on the housing market.
 
-Kris
 
Ps. Saw my first back to school commercial for Walmart. Sale starts next week. (Click on Flyer to RSVP)

Home sales in your area:
 
Street Full Address Listing Price Selling Price
702 Mccorkle Ave, St. Helena, CA 94574-1325 1,599,000 1,460,000
3411 Old Lawley Toll Rd, Calistoga, CA 94515-9747 1,495,000 1,350,000
1025 Hagen Rd, Napa, CA 94558-3869 785,000 800,000
2205 Spencer St, Napa, CA 94559-1111 999,000 975,000
3274 Eugene Ct, Napa, CA 94558-4211 895,000 880,000
3493 Twin Oaks Ct, Napa, CA 94558-5226 795,000 800,000
3661 Norfolk St, Napa, CA 94558-2730 635,000 625,000
3316 Twin Oaks Dr, Napa, CA 94558-5318 875,000 890,000
111 Roosevelt St, Napa, CA 94558 649,800 660,000
1083 Terrace Dr, Napa, CA 94559-3566 650,000 638,000
1637 H St, Napa, CA 94559-1015 729,000 746,000
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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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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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