May 7, 2017

NAPA VALLEY INSIDER NEWSFEED MAY 2017

by Latife Hayson

The sale of luxury properties, wineries and vineyards do not seem to be slowing down in Napa Valley. Inventory remains low and cash buyers, aware that there are no bargains to be had, are paying extraordinary prices to buy into our wonderful wine country lifestyle. Some are looking for show pieces, some for a special place to entertain family and friends and some to fulfill the dream of one day getting into the wine business, even if only in a small way.

Good news for locals and visitors – United Airlines will begin daily flights between Charles M. Schulz Airport in Santa Rosa and San Francisco International Airport beginning in June. The Sonoma County Airport is adding four new airline carriers by this summer and is located about 25-30 minutes from Calistoga, making Calistoga the first point of entry into Napa Valley for many travelers rather than the last.

More good news for Calistoga. Recent sales of The Four Seasons Hotel have broken the Calistoga luxury sales record in a big way. Until now, Three Million Seven Hundred and Eighty Seven Thousand Dollars was the highest residential sale in Calistoga’s history. There have been many residential/commercial sales over that price, but no residential properties with anything more than a few acres of grapes. While there are quite a few luxurious estates on the market for well over that price, buyers have been hesitant, until now, to be the first to plop down the big bucks and break the barrier.

Out of the 20 homes that Four Seasons has for sale, 12 have sold. There were only two 2 bedroom homes and they sold for Three Million Five Hundred Thousand Dollars. Eight 3 bedroom homes have sold for Four Million Two Hundred and Fifty Thousand Dollars and two 4 bedroom homes sold for Five Million Six Hundred and Sixty Thousand Dollars and Five Million Seven Hundred and Seventy Thousand Dollars.

If you would like further information on homes still available and home owner association fees, in what will be called Calistoga Resort managed by Four Seasons Hotel Group, please give me a call. Meanwhile, if you click here you can learn more about the Offering and the Resort.

Remember that Auction Napa Valley begins on Thursday June 1. Tickets are still available so click here if you would like to attend.

Enjoy the rest of the newsletter – it was a quieter month on the news front. I know that much of the news I share these days is about Calistoga, however, it is clearly morphing into an exceptional internationally renowned destination before our very own eyes. Apologies for not using dollar signs – they tend to make my newsletters land in your spam folders rather than your inbox.

To read the full newsletter, click here.

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