Tag Archives: residential sales in nevada county

Nevada County Information, Real Estate

Residential Sales in Nevada County November 2009 Compared to November 2008

 map-of-nevada-county

The good news is that sales volume picked up 7 percent.   In November of 2007 to November of 2008, 839 homes had been sold.  From November 2008 to November 2009 897 homes were sold, an increase of 7 percent.

The average sales price in November 2008 was $395,609. In November 2009 the average sales price was $316,859.  This is a decrease of $78,650 or a 20 percent drop in average sales price.  The amount of active listings also dropped 7 percent.

Sales bya few key areas:

 Nevada City area sales increased 17 percent and average sales price dropped 22 percent. The average sales price in November 2009 was $364,800 compared to a year ago of $468,895.

Lake Wildwood sales increased 11 percent and the average sales price dropped 14 percent to an average sales price of $316,216 compared to last year’s average sales price of $368,366.

Lake of the Pines sales decreased 3 percent and the average sales price dropped 20 percent to an average sales price of $313,188 compared to $368,366 last year.

Alta Sierra sales increased 20 percent and the average sales price dropped 26 percent to an average sales price of $305,537 compared to last year’s average sales price of $410,415.

Grass Valley’s sales decreased 3 percent and the average sales price dropped 16 percent to an average sales price of $267,024 compared to last year’s average sales price of $318,072.

Penn Valley sales decreased 10 percent and the average sales price dropped 12 percent to an average sales price of $319,370 compared to last year’s average sales price of $361,450.

Peardale/Chicago Park sales decreased 2 percent and the average sales price decreased 20 percent with an average sales price of $382,940 compared to last year’s average sales price of $476,855.

There are other areas of the county which I have not mentioned. If you are interested in any particular area that is not in the list above, write or call me and I will give you the stats.

John O’Dell
Broker

Real Estate

Nevada County Residential Sales First Quarter 2009 Vs First Quarter 2008

This has nothing to do with real estate sales, just to remember the beauty that is around us. Picture courtesy of my next door neighbor Jocelyne Pietto
This has nothing to do with real estate sales, just to remember the beauty that is around us. Picture courtesy of my next door neighbor Jocelyne Pietto
Nevada County residential property values continued to drop, although not as much as other areas. The drop in prices for the first three months of this year compared to the first three months of 2008 is eleven percent.

The medium price in the first quarter of this year for residential property is $302,000 compared to last year’s first quarter of $345,000. The number of residential properties sold in the first quarter was 124 units compared to 141 units in the first quarter of last year or a fourteen percent drop in sales.

However, I notice that pending sales is up in the first quarter of this year  compared to the first quarter of last year. In the first quarter of this year, there are 192 units under contract compared to 171 units under contract last year.  This may indicate that there is a twelve percent increase in sales, although some may fall out of contract. There also may be a long time lag on sales because some of the sales may be with lending institutions that historically seem to take more time in completing their transactions.

Sales figures quoted above are for single family residences and do not include multi-family residences.

I keep track of the daily Nevada County MLS transactions on this web site through Twitter, listing the number of new properties on the market, the number of price changes, completed sales for the day and pending sales.  These figures are for all types of property

You may find that information on the right side of this page or you can follow me on Twitter, I’m odelljohn.