Real Estate
Napa Valley Home Prices to Rise, Mostly
Real estate website forecasts prices to increase for 2013 in all but one Bay Area zip code.
Home prices in much of Napa County will increase slightly this year, according to a study conducted by an online real estate site.
Zillow.com expects home prices in 244 of the 245 zip codes in the Bay Area to rise in 2013, according to a story in the San Francisco Chronicle.
The only exception will be the 94515 zip code in Calistoga, where home prices are predicted to bottom out this year.
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The story suggests that the primary reason for the price increase is the tight inventory, a lack of homes for sale on the market.
Even with the increase, prices are still well below the peak prices of a few years ago.
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Here is the individual zip code data for Napa, American Canyon, Calistoga, Saint Helena and Yountville.
Zip Code Dec. 2012 median Dec. 2013 projection Increase % decrease from peak price 94503 $282,200 $291,851.14 3.4% -54.3 percent 94515 $392,400 $387,008.94 -1.4% -42.9 percent 94559 $341,800 $359,240.12 5.1% -40.3 percent 94558 $370,200 $382,380.26 3.3% -41.7 percent 94574 $783,400 $826,465.57 5.5% -10.9 percent 94599 $577,400 $600,816.40 4.1% -23.5 percentNapa Patch is now Napa Valley Patch! Follow us on Twitter | Like us on Facebook | Sign up for the daily email with links to the latest news | Got something to say? Start a blog and share your views with the valley.
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