According to the Bay Area Real Estate Information Services, sales volume and average sales price of single-family homes were up in the second quarter 2015 in many Wine Country markets. Despite low inventories, popular second home markets such as Healdsburg and the Sonoma Valley flourished. In particular, sales over $1M in both markets saw significant increases, with Healdsburg showing an 86% sales volume increase and Sonoma Valley showing a 44% sales volume increase in Q2 2015 versus Q2 2014, resulting in an average sales price of $1,120,521 and $974,393 respectively in those markets. The more populated Wine Country markets such as the City of Santa Rosa and the City of Napa showed static sales volume in all price ranges Q2 2014 vs. Q2 2015, never-the-less boasting over $342M in combined sales volume in Q2 2015. The average sales price in the City of Santa Rosa was $555,438 and the average sales price in the City of Napa was $685,678 in Q2 2015, providing a healthy balance and stabilization to the Wine Country market.
St. Helena Average Sales Price Napa Average Sales Price
In addition to these statistics, I pulled the statistics on the ‘Average Sale Price’ for residential
properties $1,000,000 and over, showing the change from Q2 2014 to Q2 2015.
- Calistoga increased by 7.6%
- St. Helena decreased by 16%
- Rutherford no sales, no change
- Oakville no sales, no change
- Napa decreased by 15%
- Yountville, increased by 196% due to one high end sale
- Sonoma decreased by 1.3%
- Healdsburg decreased by 14.3%
Read the full Wine Country Market Update here