Fluctuating home prices in Napa, California: What causes this?

Over time, the value of a house will go up and down. Over a long enough period of time, house values , by and large, appreciate. But there are no guarantees in real estate.

When your home appreciates you have a greater asset to borrow against, and you make a better profit when you sell. But how do you know what you're investing in now will appreciate over time? Property values in Napa waver for different reasons. The most important thing is that you choose a REALTOR^® in Napa who knows the factors that affect local prices.

Free Home Valuation

What is the most crucial factor impacting real estate appreciation? Many think that it's the economy. Naturally, interest rates, employment, business growth, government programs and several other national factors have a measurable alter your house's worth. But the most important factors that decide your property's value depend on the local Napa economy and residential market.

Let Margaret Snasdell, Realtor®, Coldwell Banker Brokers of the Valley help you with your first home purchase in Napa

Let Margaret Snasdell, Realtor®, Coldwell Banker Brokers of the Valley help you with your first home purchase in Napa

Location in a community - Proximity to work and schools also have a significant influence on many home buyers' choices. So these areas generally appreciate, or retain their value, best.

The latest home sales - You should receive information on the recent real estate sales in the districts that you're interested in from your REALTOR^®. You'll want to learn things like time on market and seller discounts.

History of appreciation - In the past 5-10 years, have house prices increased or decreased? Does location or affordability affect how desirable the community is thought to be?

The local economy - Are local businesses hiring? Have businesses moved into or away from an area? Is there a good blend of business in an area, or does it rely on just one industry? Is the blend of commercial and residential development changing? These items play a part.


	It's important to be informed about the factors that affect your property's market price. Click here to receive an evaluation of your home's value. Have any questions? Please feel free to call me at 707.259.5251 or e-mail me.