Live Like a Local by The Joel Toller Team

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The Joel Toller Team

The Joel Toller Team

Fall, 2018

Hello, friends --

Although it's not official yet, it sure feels like fall is in the air.  I hope you and your family enjoyed a relaxing summer.  

The Coldwell Banker Brokers of the Valley Bi-Annual Report Summer - Fall, 2018 has been released.  I have summarized my opinion about the current state of the market below along with a link to the report.  Contact me if you would like a hard copy of the report mailed to you.

Our St. Helena office has moved across the street to 1200 Main Street and you are invited to our Grand Opening this Thursday. See the details below for more information. I hope to see you there!

San Francisco Magazine has named me once again in "The Leading 100" - Top Performers in Bay Area Real Estate, based on total volume in 2017.  I'm honored to be 1 of only 3 individual agents chosen in Napa County.  Of course, earning that recognition would not be possible without my incredible team, colleagues, and - most importantly - you, my friends and clients.

As always, I appreciate your friendship and your business. Please feel free to contact me at any time to discuss your real estate needs.

Cheers,

 

 

Real Estate Roundup

The real estate market continues to be active in the Napa Valley.  In general, inventory remains low and the number of days on the market continues to decrease, indicating that there is still demand.  However, the median price and price per sq. ft. has also decreased, which means that sellers are either pricing property more competitively to begin with, reducing prices after market exposure, or accepting offers for less than the asking price. 

In my opinion, we are going to see stabilization of the real estate market in the next 6 months.  One of the major reasons we saw such a strong market in 2017/2018 was the demand for temporary housing due to the fires.  Homeowners are now receiving insurance money and construction has started, which will free up some additional inventory that has been used as temporary housing both from the buy side and rentals.  Interest rates have also risen by 3/4 of a point from 2017 to 2018 inversely affecting a buyer's qualifying loan amount.  Lastly, the cost of construction has drastically increased which limits a buyer’s ability to remodel or upgrade new purchases.  Based on these 3 factors listed above, we are not going to see an upward movement in real estate with regards to appreciating value.

For more information, please read Coldwell Banker Brokers of the Valley's Bi-Annual Report Summer - Fall, 2018. 

Real Estate Roundup
What's New?

Modern Farmhouse Retreat

2175 Palmer Drive, St. Helena

$4,995,000

Newly constructed retreat on St. Helena's quiet & exclusive west-side Palmer Drive. Warm, modern single story 3 bed/3 bath home & 1 bed/1 bath office/guest cottage & large garage on 1.17 acres. Outdoor living includes pizza oven, pool/spa, putting green, bocce & sport court, outdoor theater, raised garden beds, all within a park-like setting & ample space for relaxation & privacy. Cabernet vineyard/lush landscaping. Prime location and close to town.

What's New?
Happenings

 

Happenings