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Ask local realtors about the Napa County real estate market so far this year and youâll pretty much hear the same two-word answer: very busy.
Home sales from January to March have been âeven more overwhelming than 2020,â said Suzy Anderson, with Coldwell Banker Brokers of the Valley. âI think everybody in the Bay Area is moving to Napa Valley.â
âIâm not seeing a slowdown,â said realtor Florence Ropelewski with Re/Max Gold Napa. âUntil we get more listings itâs going to remain very, very competitive for buyers.â
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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.