“Although no one can go back and make a brand new start, anyone can start from now and make a brand new ending.” —Carl Bard
|
I hope you and your family had a safe and happy holiday break and that your 2022 is off to a great (and healthy) start. Happy New Year!
|
The years 2020 & 2021 saw, arguably, some of the craziest years in real estate history. Last year, 61% of CA houses sold for over the asking price. Both the share of sales with multiple offers and the average number of offers received reached their highest levels since 2013. At only 8 days on market, 2021 saw the shortest median amount of time-on-market in 35 years. A whopping 60% of accepted offers were non-contingent (not subject to appraisal, financing, inspections, etc.) and cash purchases accounted for 20% of all home sales. That was one crazy year and it leaves many of us wondering, w
hat will 2022 look like?
|
While the general consensus is that the rate of housing appreciation will slow down there is some debate over how much. Since 1980, home prices have climbed approximately 4.6% per year. Over the past year price growth (at 19.8%) is four times that level. Most models predict growth in 2022 to be somewhere between 7-12% but there are a few models that predict much slower growth and one model even predicts prices will drop slightly.
|
With the Fed cutting back on economic stimulus plans interest rates are predicted to increase which will help to slow demand and take some pressure off home prices. Even with this increase, it does not indicate that it will weaken the housing market. The mismatch between supply and demand, driven by the influx of millennial home buyers and a housing supply shortage, will ensure that demand remains strong through 2022.
|
|
|
Lighted Art Festival in Downtown Napa
The 2022 Napa Lighted Art Festival, a free celebration of creative arts, technology and lights, is a walkable experience featuring nine art sculptures and installations that amaze and amuse, while sparking creative thinking and inspiration.
This year, the outdoor festival has been extended to eight weeks – from Jan. 15 to March 13 – providing plentiful opportunities for visitors and locals to enjoy this truly unique celebration. Viewing hours are from 6 to 9 p.m., Monday through Thursday, and from 6 to 10 p.m., Friday through Sunday.
|
January 21st-30th
Celebrate Napa Valley’s agricultural bounty, talented chefs, and world-class cuisine — from Michelin-rated meals to farm-to-table perfection.
This year’s Napa Valley Restaurant Week is bigger and better than ever, and there are no preset prices – just 10 days of delicious discounts to enjoy across the valley’s five towns.
|
|
Have you Been?
Wilfred's Lounge Napa
Napa's long anticipated Tiki Bar is now open! I have yet to go but have heard good things and am eagerly looking forward to being whisked away to a tropical paradise without having to jump on a plane. 🌴
|
|
|
|
Napa Lounge is a new sports bar with TruGolf Vista Pro12 golf simulator next to Subway off Kaiser Road near the DMV in south Napa. The
grand opening is on Jan. 10 but they are open now.
They have a full bar and serve bar bites. The hours are
3 to 9 p.m. except Tuesdays and they will open at noon on Sundays.
|
Mary Elizabeth Restaurant at the Cambria
Mary Elizabeth is the new restaurant at the newly opened Cambria hotel on Soscol Ave. It features a straight-forward menu with locally inspired dishes, world-class wines and local craft beers from Napa breweries.
They serve breakfast and dinner during the week plus a Sunday brunch. Dine indoors or outdoors on the sundeck. They also have a 24-hour marketplace with freshly prepared grab-and-go options.
|
|
Interior Design Trends for 2022
When it came to home decor in 2021, it was all about blending style and practicality as we all continued to spend more time in our homes - so
what's ahead in 2022? Some of the most talented designers in the business uncover the top interior design trends for the year ahead. From new color palettes to unique furniture choices, if your new year's resolution is to give your home a serious makeover, this is the perfect place to get inspired.
|
|
10 Health Goals You Can Easily Achieve in 2022
Instead of setting yourself a lofty weight loss goal, what if this year, you approached your New Year's resolution a little differently? Losing weight isn't the end-all-be-all for getting healthy, and can easily lead to unhealthy dieting practices down the line.
Eating a nutritious diet is about so much more than just losing weight. Your diet can affect your longevity, your risk of developing chronic diseases, and even your mood. And a nutritious diet doesn't mean restriction—it means learning how to eat healthfully while still incorporating in all of the foods that you love into your life.
|
|
|
|
Color Trends for 2022
The colors we surround ourselves with can directly impact our emotions. Choosing the right dining room paint or the best pop for living room paint colors can make all the difference in uplifting the mood of any space. And after two rather interesting years, more and more design enthusiasts are turning to color to liven up their homes and create spaces of inspiration.
|
1100 River Park Boulevard
3 Bed | 2.5 Bath | 2133 sq. ft.
$1,850,000
|
3 Bed | 2.5 Bath | 1512 sq. ft.
$889,000
|
*COMING SOON*
Pueblo Park
4 Bed | 3 Bath | 5996 sq. ft.
$1,850,000
|
3 Bed | 2 Bath | 1268 sq. ft.
$849,000
|
|
The Covid pandemic is creating another little-known land rush. Some investors are paying millions for plots of land — not in New York or Beverly Hills. The plots don't physically exist here on Earth.
Rather, the land is located online, in a set of virtual worlds that tech insiders have dubbed the metaverse. Prices for plots have soared as much as 500% in the last few months ever since Facebook announced it was going all-in on virtual reality, even changing its corporate name to Meta Platforms. I don't know about you but this really blows my mind! Read more about it here.
|
|
© Compass 2022 ¦ All Rights Reserved by Compass ¦ Made in NYC
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 presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. Equal Housing Opportunity.
marketingcenter-sfbayarea-oaklandberkeleywinecountry |
|
|
