NEVADA COUNTY REAL ESTATE SNAP SHOT

As you drive around Nevada County one thing you might be seeing more of than you have seen in a few years is the word SOLD. With that word often comes more for sale signs or does it. The inventory is drying up like a late day rain.

From May 25 to June 25 a total of 18 single family homes were sold in Lake of the Pine, South County as well as Alta Sierra. While the prior 30 days there were 11 and year to date there have been 78 single family homes sold.

The sales volume is rising but the homes on the market is falling. This signals a change in the market. We are moving from buyers dictating prices to sellers being more likely to hold to their price.

Currently there are 98 homes on the market of which 12 are priced at $950,000 or higher while there are only seven listed below $200,000. With the highest asking price being asked in Lake of the Pines at 2.2 million and the lowest is found in Alta Sierra at $135,000.

In the first three months of 2012 there were 25 homes sold of which nine were under $200,000 and only one was over one million.

Scott Hopper -Realtor, 530-477-2277