Despite a global pandemic that stressed the economy, Napa Countyâs housing market closed out 2020 on a high note, recording solid sales and a 13% increase in sold prices, two real estate data sources reported.
The number of Napa County homes sold in 2020 rose 9% compared to 2019, reported Bay Area Real Estate Information Services or BAREIS.
As of December, the median sold price of a Napa County home reached $780,000. One year before, the median sold price was $690,000, BAREIS reported. Thatâs a 13% increase.
âItâs good news for the economy and very good news for Napa,â said Ted Stumpf, the 2020 North Bay Association of Realtors Napa chapter lead.
California home sales and price report
Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 509,750 units in December, according to information collected by C.A.R. from more than 90 local REALTOR
® associations and MLSs statewide. The statewide annualized sales figure represents what would be the total number of homes sold during 2020 if sales maintained the December pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.
December home sales ticked up 0.2 percent from 508,820 in November and were up 28 percent from a year ago, when 398,370 homes were sold on an annualized basis. The year-over-year, double-digit sales gain was the fifth consecutive and the largest yearly gain since May 2009. For the year as a whole, annual home sales rose to a preliminary 411,870 closed escrow sales in California, up 3.5 percent from 2019 s pace of 397,960.
Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 508,820 units in November, according to information collected by C.A.R. from more than 90 local REALTOR
® associations and MLSs statewide. The statewide annualized sales figure represents what would be the total number of homes sold during 2020 if sales maintained the November pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.
November sales rose 5.0 percent from 484,510 in October and were up 26.3 percent from a year ago, when 402,880 homes were sold on an annualized basis. The year-over-year, double-digit sales gain was the fourth consecutive and the largest yearly gain since May 2009.