Real Estate Sales Information for Nevada County

Nevada County Single Family Residential Sales

Please take a look at the graphs below. They give a market overview of sales for Single Family Residences (SFR's) in Western Nevada County. These graphs include information from Grass Valley, Nevada City, Alta Sierra, Peardale, Chicago Park and more.

If you would like to have specfic information about your neighboorhod or property please contact us and we can provide you with a Compartive Market Analysis.

Note the last few months of sales have no longer declined in average sales price, in fact December shows a pop above the trend line. There are increasing numbers of higher end properties staqrting to sell. No longer is the activity solely at the bottom of the market Inventory is decreasing, and days on market has continued to decrease.

Average price looks to be firming, and Median price is indicating a slight upwards trend with spread decreasing. Sales are still concentrated in the lower end of the spectrum (under $350,000)but the higher end is seeing accelerating activity, from showings to closed deals.

For December, 34% of the closed sales were Foreclosures or Short Sales, a bit of a decrease from preceding months.

Average Price and Units Sold

Note that prices appear to be forming a bottom over the last 10 months.
Sales volume did dip a bit in September, but has maintained strength through the last few months 34% of closed sales in December were foreclosures or short sales, and represent the bottom of the market. Average sale sprice of a short sale of foreclosure for December is $252,000 (median at $213,000( and average sales price for a non distressed sale is $426,000 (median is ate $349,000)Clearly this indicates the market palce is two tiered.

Average and Median Prices

Average prices popped for December. A noticeable increase in higher end properties closed. Median prices appear to be trending upwards, with the spread decreasing. Inventory continues to decline, with fewer value properties available. Competiton for the "good" properties is resulting in multiple and over asking price offers. Upper end is seeing a little more activity. Lenders continue to be very reluctant to lend, and are impacting the rate of transactions, ie. liquidity and therefore the base value of real estate.