According to CNN Money Magazine’s 2010 real estate profile, Napa, CA is ranked #17 in the nation for forecasted price appreciation. Money details that many cities close to the Bay Area saw a huge run-up in home prices during the post 9/11 boom that lasted through 2006.
Napa is a very well recognized city in Northern California’s wine making region, known for world class culinary dining experiences and vineyards. Napa is also one of the largest cities north of the Golden Gate Bridge with a population of 133,522, according to Money.
Santa Rosa is the largest city in northern California’s wine country with a population of 154,200, which also neighbors iconic and timeless rural Kenwood, CA. Money ranked Santa Rosa #1 in the nation for forecasted price appreciation.
According to market information, prices grew more than 121% from 2000 to the early 2006 peak and have since fallen more than 45%. Today Money concludes that the decline is over and Santa Rosa prices will gain 6% this year, more than any other U.S. city, while at #17, Napa prices will gain 2.3% this year.
This being recently reported, each property situation may be less ordinary and more unique from the median and averages calculated or forecasted by Money Magazine.
Weigh in with your opinion by posting a comment on how you feel about buying real estate in 2010.
For more information about your relocation, next move, or unique properties across the Bay Area contact Ernie Basoco at 707.292.0192 or visit www.ebasoco.com.
Posted by:
Ernie Basoco
Beth Urban-Purtell
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