Thought of the week
Every year on
September 11th, I remember exactly what I was doing. I was glued to
the television like the rest of America. Watching in disbelief of what I was
seeing. Praying, screaming, calling all my friends and family in Boston and New
York, and crying.
Every Year, the
REALTORS in Napa hold an event in September to support the Pathway Home. A way
to recognize the men and women of our armed services that have given so much
for the freedoms we enjoy.
This event is a
tour of some amazing luxury properties in Napa followed by a meal and a silent
auction and raffle.
This year we are
raffling off a signed picture of Jerry Rice catching his record setting 127th
touchdown. We are selling ONLY 127 tickets, one for each touchdown, at $10 each
for this great piece of sports memorabilia. If you would like a ticket or two,
please let me know.
If you would like
to just give directly to the Pathway Home. Please visit http://thepathwayhome.org/
Thank you and God
Bless America
Impact of New Construction on the market
I wanted to
expand on the article in the Napa Valley Register that came out this week.
To show the
demand for new construction, look at this chart.
Tax records for
all homes built in the last 10 years with a Napa address
(not necessarily
in the city) This includes all new construction including single custom builds.
|
2005
|
203
|
|
2006
|
248
|
|
2007
|
248
|
|
2008
|
122
|
|
2009
|
138
|
|
2010
|
46
|
|
2011
|
61
|
|
2012
|
86
|
|
2013
|
36
|
|
2014
|
21
|
|
2015*
|
10
|
*Jan - July 2015
As you can see we
are way behind the demand. Per the article if 1,000 new residents move to Napa annually.
The average household size per the 2010 census is 2.69. Therefore to keep up
with growth, Napa would need to build approximately 370 home per year to
maintain the supply and demand curve. Since 2010 there have only been 250 new
homes built in Napa.
I think that
there is more need for new construction in the area.
-Kris
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