Napa County TrendsThe inventory of homes and condominiums for sale at the end of December in Napa County (536) was 24% below the inventory (706) at this time last year and is the lowest inventory of available homes since February of 2006, three and one half years ago. The decreasing trend in inventory has moderated, however, and it is reasonable to expect an increase in inventory in the spring of 2010 instead of the decline that we saw through all of 2009. New sales (129) were 32% ahead of the pace a year ago. The average price per square foot of the homes closed in December was $237/sf, an 18% increase since February when the per square foot price was $201.00. American Canyon has just 1.2 months supply of inventory and the town of Napa has 3.9 months – so it is Up Valley Napa County that has an overhang of inventory. 29% of the available inventory in the county remains “Up Valley” at the end of December. Please contact us for additional information and copies of the complete TrendGraphix reports. St. Helena/
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