MikeBolen.com

What a difference a month makes. The Napa County June 2008 multifamily apartment sales market improved over May. May was the weakest month on record for apartment sales in Napa county for 2008. Where we witnessed a paltry 2 sales not so in June:

June 2008 average unit sale price- $203,421

106 Valley Oak Circle - $149,700 per unit

161 Valley Oak Circle - $162,500 per unit

2158 Wilkins Avenue - $165,000 per unit

15 Randolph Street - $214,250 per unit

2445 Pine Street - $225,000 per unit

1933 Main Street - $236,000 per unit

1018 Myrtle Street - $271,500

I made a prediction   http://www.crehq.com/blog/36/napa-county-may-2008-multifamily-apartment-sales/  on June 3rd 2008 that we would see triple the sales in June than what we saw in May. We actually sold triple + one in June over May, not bad!

As an update 1711 Lincoln was removed from the market and did not sell nor has it gone into foreclosure. I will continue to update you on the Napa real estate market as it pertains to multifamily apartment and land deals so check back here often.  

Here at the RE/MAX Napa Valley office RE/MAX Cornerstone our team specializes in off market pocket listings. Over 65% of our sold deals are never advertised. Most are offered to sale only to buyers represented by our team. To gain access to the off market inventory or to learn how we work with buyers contact Mike Bolen for multifamily Mike@MikeBolen.com or 707-254-9999.  Contact Armando Lincoln 707-299-9779 for all other commercial sales opportunities, and Ken Dunbar 707-365-9070 for all commercial leasing needs.

We also work with over 20 investment buyers in an exclusive buyer agency agreement if you are looking to sell no one has more commercial investment buyers than our team.