Friday, April 06, 2007
CA Vineyard Values Increasing
Vineyards in Napa and Sonoma are rising in value after a decline of nearly 30% starting in 2001. The upward trend has been attributed to large companies looking to purchase wine properties to round out brand portfolios as well as a change in U.S. tastes toward higher end products. Currently, the average vineyard price in Sonoma is a whopping $75,000 to $90,000 per acre of vines, an increase of $10,000 an acre from last year.