Napa Valley, CA (PRWEB) April 17, 2014
Median home prices in Napa County surged by 27.7 percent in 2013, reports Latife Hayson. According to the Napa real estate specialist, prices are projected to appreciate further this year. The Wine Country’s economy is also expected to be healthy in 2014, with experts anticipating U.S. wine sales to increase by 6 to 10 percent.
“The Napa Valley real estate market is well on its way to a recovery,” says Hayson, who has been a sales associate and Wine Country real estate consultant with Sotheby’s International Realty® for almost a decade. “Home sales in Napa County increased by 57.1 percent in the first quarter of this year compared to those homes sold in the first quarter of 2013,” she says. “The average days on market in 2013 was 89, which is a significant improvement on 2012’s 118.”
According to Bay Area Real Estate Information Services, the median home price in Napa County in 2013 was $454,500, compared to 2012’s $355,750. As for distressed property sales, the number plunged to just 11.7 percent of the market. It was 25.66 percent in 2012.
“We’ve actually been seeing increased buyer demand for luxury homes and vineyards for sale since 2012,” says Hayson, “but it wasn’t until spring of 2013 that the market really took off.”
Hayson was recently ranked in the top 1 percent of 45,000 NRT agents worldwide. (NRT is the parent company of Sotheby’s International Realty®.) She specializes in representing clients in their purchase or sale of luxury homes, estates, vineyards and wineries in the Wine Country. She is also known for having an innate talent for finding rare buildable parcels for high-end spec and home builders.
For more information on the latest trends in the real estate market in the Wine Country and to learn more about currently available properties, visit http://www.LatifeHayson.com or get in touch with Hayson and the rest of the team directly.