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Some good news with home sales for the 1st half of 2010. There is a 13% increase in number of sales and 11% increase in dollar volume compared to 1st half of 2009. Last year, in comparing 2009 to 2008, we saw a 38% increase in the number of sales, however only a 1% increase in dollar volume-mainly due to the big drop in prices & increased activity in the lower end market. An 11% increase in dollar volume is good news for this shows some upward movement in the market.
The $1m+ market had 16 pending sales and 8 closed transactions for the month of June. Movement is still slow in the $1m+ market compared to the number of active listings (261) for Napa County, however, we are seeing more activity & sales, which is a good sign.
A Market Trends Report is attached and located in the Pulse on the Market section of the Home Page.
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That's great news. Maybe this will build some confidence that our economy is back growing again. Fingers crossed. Great web... (more)That's great news. Maybe this will build some confidence that our economy is back growing again. Fingers crossed. Great web site Ingrid.Tim O'DeaAugust 4, 2010 10:15AM
