While 2021 has already seemed like a daunting year to many, the real estate industry will likely continue to move forward at a strong pace through the rest of this year. Wine country real estate and homes for sale in Yountville, CA are in a great position to capitalize on some important trends in the industry.
Going virtual has been one of the most important trends in wine country real estate, but also real estate in general throughout 2020. 2021 will continue to feature live streaming tours and virtual tours have become the norm for the trade as more buyers have become concerned about exposure risks. These technologies won’t replace someone actually walking into any homes for sale in Yountville, CA or anywhere else before purchasing, but they will remain a part of the landscape of transactions going forward.
Wine country real estate has been an absolute mad dash to get into both leading up to into going into 2021. Buyers must act quickly to get an offer in on a home as suburban homes in general are going up in value. While many workers have been city dwellers for years, the larger property lines and open spaces of the suburbs have become particularly attractive. Homes for sale in Yountville, CA will benefit from this trend as the middle part of Napa Valley is perfectly positioned close to the larger Bay Area. Though Yountville is farther away from the city, the drive time from Yountville to San Francisco or the South Bay is doable for many who would occasionally visit their office but will work predominantly from home in the future.
The larger housing market is looking to stay strong throughout the year with current interest rates at historic lows. There may be a small dip in prices as 2021 progresses but with the high valuation of wine country real estate, homes for sale in Yountville, CA and around the valley will likely continue to be in a seller’s market. Rest assured, Napa Valley properties will continue to be both a strong purchase and a hot commodity today with some of the most desirable pieces of land in the Bay Area.