Blog
The “Covid effect” on the Bay Area’s second-home luxury markets
Coldwell Banker agent Tim Allen was in a hot tub in Vail when news of a possible pandemic first hit in 2020. Within days, he had hopped a flight back home to Carmel, California, where he immediately began doing triage on his luxury deals that were in danger of falling out of contract as the world began shutting down around him.
Napa Valley warehouses sell for $44 million
A major builder of warehouses in Napa and Solano counties has added two fully leased American Canyon warehouses to its portfolio. An affiliate of Sacramento-based Buzz Oates purchased 75 and 89 S. Kelly Road on Aug. 22 for $44.5 million, according to the brokers of the deal and public records.
California Homebuyer Demand Begins to Increase
Demand is finally approaching positive territory for the first time since rates began to rise in 2022, says report. With inflation slowing further in July, homebuyer demand is finally approaching positive territory for the first time since rates began to rise in 2022, according to a recent report by the California Association of Realtors (CAR).
California judge issues first-of-its-kind ruling to rein in groundwater pumping
As Californians pump increasing amounts of water from the ground, sometimes siphoning flows from the rivers above and hurting fish, wildlife and other water users, an old state law is proving to be a new and successful means of reining in excessive pumping. A Superior Court judge ruled last week that Sonoma County must do more to ensure responsible groundwater pumping under the state’s Public Trust Doctrine.
Napa County backs Duckhorn winery growth proposal
Duckhorn Vineyards’ plans for substantial growth at its Lodi Lane winery north of St. Helena won support from the Napa County Board of Supervisors, despite neighbors’ concerns. The matter came before supervisors because opponents appealed the winery plan’s approval by the county Planning Commission.
Hundred Acre Wine Group buys 286-acre Calistoga property
A month after Jayson and Helen Woodbridge expanded their growing portfolio of Napa Valley wineries and vineyards, they have done it again. Hundred Acre Wine Group on Friday said it acquired the 286-acre Kelly Fleming Wines property on the eastern slopes of the valley northeast of Calistoga.