Time To Invest In Napa Real Estate
Toyed with the idea of buying commercial and or investment real estate here in Napa? The current market has put buyers in the driver’s seat. According to the National Association of Realtors vacation home sales declined 31% in 2007 and investment sales declined 18% in 2007. These two categories of buyers represent 48% of all transactions.
Several factors create a buying opportunity in Napa right now:
- Interest rates are extremely low on investment and commercial mortgages
- Napa has one of the lowest unemployment rates in California at 4.7% this helps keep real estate investments leased up
- There were only 38 transactions in Napa for February buyers are driving the market
- The median Napa home price has declined $97,000
- The apartment vacancy rate in Napa is a stunningly low 2.6%
- Some properties can implement a value added strategy that will create positive cash flow
- Ranked by Fortune magazine as one of the best places to live and launch a business http://money.cnn.com/magazines/fsb/bestplaces/2008/top100/index.html
- Hotel construction is booming http://www.napavalleyregister.com/articles/2008/01/23/news/local/doc47969fdd26057309339053.txt
Intero Commercial Real Estate has some interesting real estate investment opportunities right now. Some of our most interesting offerings are “off market”. Contact me anytime at Mike@MikeBolen.com or 707-254-9999 for a list of available properties both on and off the open market.
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Pingback by Time To Invest In Napa Real Estate — April 7, 2008 @ 11:27 pm
[...] To Invest In Napa Real Estate Today’s Financial News wrote an interesting post today onHere’s a quick excerptToyed with the idea of buying [...]
Pingback by Real Estate - Information on Real Estate » Time To Invest In Napa Real Estate — April 7, 2008 @ 11:39 pm
[...] Time To Invest In Napa Real Estate Interest rates are extremely low on investment and commercial mortgages; Napa has one of the lowest unemployment rates in California at 4.7% this helps keep real estate investments leased up; There were only 38 transactions in Napa for … [...]
Pingback by Time To Invest In Napa Real Estate — April 8, 2008 @ 6:24 pm
[...] Time To Invest In Napa Real Estate Toyed with the idea of buying commercial and or investment real estate here in Napa? The current market has put buyers in the driver’s seat. According to the National Association of Realtors vacation home sales declined 31% in 2007 and … [...]
Pingback by Investments on The Finance World For News and Information Around The World On Finance » Blog Archive » Time To Invest In Napa Real Estate — April 14, 2008 @ 4:39 pm
Hey, Is this the perfect time to invest in Napa real estate?? Thanks for giving several factors of buying properties in Napa.
Comment by Real Estate Investing — April 28, 2008 @ 3:01 am