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“In February there is everything to hope for and nothing to regret."
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Real Estate Market Update
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Early indications in 2023 point to rebounding buyer demand. Open house traffic has jumped, more buyers are requesting disclosure packages, and there have been increasing reports of multiple offers (and often unexpected) overbidding of asking price. Based on this preliminary data (much of it still anecdotal), it appears that buyer demand severely repressed by economic conditions in the 2nd half of 2022 has begun to bounce back.
It is too early to conclude, after the general price declines and steep drops in market activity seen in the 2nd half of 2022, that a sustained recovery in market conditions is now underway, and if it is, how quickly it will develop and its impact on prices in 2023. Many economic conditions still remain challenging and forecasts by economists and analysts vary widely.
In the mean time, preliminary indicators are surprisingly positive, and our CEO recently stated his belief that Q4 2022 saw the bottom of the market. Home builder confidence rose in January and again in February and now stands at its highest point since Sept. 2022. Inventory, nationwide, is 33% lower than pre-pandemic levels.
What I am seeing in the Napa market right now is competition and multiple offers at lower price points. Condos are in higher demand because of their attractive price point. Knowing what is happening in our local market is even more important now with market conditions changing every day. I am here to help you navigate the changing market so don't hesitate to reach out.
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The much anticipated sister restaurant to everyone's favorite Napa Valley institution, Bistro Don Giovanni, has opened and is receiving rave reviews! I can't give my personal review because I haven't yet been but my clients who have been had only good things to say. Personally, I'm just happy that they offer the off-menu fried olives and Marcona Almonds because now we don't have to drive quite as far to get them!
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Tradition abounds at this genuine Mexican-style taqueria where the focus is tacos, from the owners of Heritage Eats. Menu items include more familiar tacos such as al pastor, carne asada, and pollo, as well as tacos that are often found in Mexico City. Chilorio is a Sinaloa-style, slow-cooked spiced pork & Suadero, popular in Mexico City, is a slow-cooked beef from a specific cut of the cow - "soft fatty meat that we cook in lard until it shreds". They also offer many vegan and vegetarian options. Located in the old Pizza Hut space on Jefferson St. in the Grape Yard shopping center. Open Weds-Sun, 11am-9pm.
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This Bay Area chain originally opened in the Castro district of San Francisco with a mission, "to make fast food better". "Organic, locally-sourced, humanely raised, never frozen, always made fresh from scratch everyday," the website reads.
Super Duper's star is the burger, The Super Burger ($10), with two 4-ounce patties, but you can order a mini ($7) with one patty. Non-burger options include a veggie burger with hummus, a chicken sandwich with chipotle aoli, and fried egg on ciabatta. Fries, milkshakes and malts and soft-serve ice cream are also available. Located in Bel Aire Plaza where The Q used to be located.
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The Hollywood Room at Napa Valley Distillery now has a real entertainment center as well as a nice cocktail lounge. They host monthly comedy shows, music, outdoor markets and book signings. Events this week include: Geeks Who Drink trivia (every Thursday at 7 p.m.) & Jake Rizzly & Friends’ stand-up comedy on Friday, Feb. 17, at 7 p.m. The Hollywood Room is open Thursday through Saturday from 2 to 9 p.m. and Sunday from noon to 6 p.m.
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California apparel brand Johnny Was signed a 10-year lease with First Street Napa. The store will open on First Street Napa in early summer. Johnny Was is a popular boho-chic, vintage-inspired women’s apparel, accessories and home goods retailer and will occupy 1210 First St. next to the Archer Hotel.
The store will feature the current Johnny Was collection.
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Weekends February 11th - March 23rd
Find your HEART in Yountville this Mustard Season! Each weekend, beautiful glass hearts that are individually created, signed and numbered by Napa Valley glass artist Patti Wessman will be placed along Washington Street for all to find! Stroll through Town enjoying the Art Walk and find these lovely treasures ‘hidden in plain sight’ by our Arts Commissioners. On February 23-26, find the large yellow heart and bring it to the Community Center for a special gift (Both yours to keep). Post your find on Social Media and tag us @yvillearts on Instagram or @Yountvillearts on Facebook.
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Winston’s Café & Bakery is celebrating its first anniversary this weekend Feb. 18-19th.
Duo Sonics will be playing from 10 a.m. to 1 p.m. on Saturday Feb. 18 and Bay Grape will be pairing and pouring complimentary wine.
Journey Day Rhorer will be playing from 10 a.m. to 1 p.m. on Sunday, Feb. 19. Also on Saturday and Sunday, enjoy $5 drafts and $6 bubbles and food specials. Winston’s Café & Bakery, 1517 Third St., Napa .
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The Napa Lighted Art Festival is a celebration of creative arts, technology and lights, and supports innovative techniques using light and light technologies as a growing art medium.
This walkable outdoor experience is FREE in Downtown Napa featuring 10 lighted art sculptures through February 19th.
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The Spinners were the greatest soul group of the early '70s, creating a body of work that defined the lush, seductive sound of Philly soul. Ironically, the band's roots are in Detroit, where they formed as a doo wop group during the late '50s. Throughout the '60s, the Spinners tried to land a hit by adapting to the shifting fashions of R&B and pop. Henry Fambrough has continued to lead the Spinners through several lineups. In 2021, the group released 'Round the Block and Back Again, their first studio album since the '80s.
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For two nights only, Chef Darryl + Chef Kostow will be at Loveski Deli, offering a preview of Stateline Road Smokehouse in addition to the Loveski menu. Be among the first to try incredible BBQ from Chef Darryl's new project opening in the Napa Valley this year. 🙌
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Interior Design Trends 2023
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Generally speaking, we’re noticing an overarching trend towards more bold, colorful, and warm interiors, which speaks to our reigning, collective desire for comfort and security in the wake of the pandemic (yes, we’re still feeling its effects).
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Conde Nast Traveler's Best Places to Travel in 2023
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In any given year, the exercise of assembling a definitive list of the best places to travel is both exciting and daunting. After all, we’re never short on inspiring places and experiences we hope to cross off. And so, every fall, when we convene to start the process of creating this list, we do so with great care, enlisting our extensively traveled network of writers from around the world—and for the first time this year, editors from other Condé Nast Traveler markets—to pitch, endorse, defend, and eventually align on the places we believe that you, as our readers, will most want to travel to over the next 12 months.
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3 BD 3 BA 1352 SF $1,700,000
Come by to say hello and to tour this gorgeous Yountville home.
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Kelseyville, red hills AVA
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Vineyard Estate with Winery & Tasting Room Permit
40+ acres, 8.5 acres planted
3 BD, 3 BA, 1406 SF, Recently Remodeled Home
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One of our favorite Thai soups is Tom Kha Gai. Bright & spicy, with just the right amount of richness - not too heavy, not too light. This soup hits all the notes and will warm you up during the cold winter months. Recipe hint: add more lime and garnish with plenty of sliced green onions, cilantro and sliced red jalapeno, for those who like a kick!
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Thanks for reading and subscribing! Ready to achieve your next real estate goal?
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Maximize the value of your home with Compass Concierge.
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Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
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