From Victorians to contemporary homes, from vineyards and wineries to high-tech industrial parks, Napa Valley offers an unusual combination of pastoral peace and charm and professional hustle and bustle. In addition, Napa Valley offers a variety of cultural events amidst idyllic settings. Since 1996 ...the City has tracked new public and private investment in downtown Napa.
In 2013, the total investment topped $1 billion. This figure includes real estate transactions valued at $515 over 17 years, and another $500 million in construction activities in the last decade, including Flood Project work in the downtown area. In an effort to protect the uniqueness of the valley we have a pretty stringent slow growth policy in Napa. Combine that with the popularity of the valley for several reasons, and in a normal situation, supply and demand dictates that property values rise pretty consistently. Because of the economy we are not in a normal situation. Real estate values have dropped dramatically over the last couple of years. I have seen housing prices comparable to the mid 90's in Napa.
Currently vacancy rates currently are at 2 to 3 percent which means roughly 97 out of 100 houses currently on the market are rented. Rents are higher right now than I have seen in a long time.Combine the popularity of Napa with the slow growth policies we have in place and the incredibly low interest rates and I would conclude that the Napa Valley is a very desirable place to purchase investment property. I welcome the opportunity to discuss this with you further.
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