Nevada County first time buyers are seeing prices rise. Many of the homes which had been priced under $200,000 for the past 6 or so years are very difficult to locate today. The median price for a home which sold in the month of December was $285,000 with the lowest price recorded was $99,900. The market is slowly improving with many people calling the bottom in the market in 2012. I have included a chart which shows what is happening in the state as well as particular cities. Nevada County trail these markets by 6 to 8 months and from what I hear the major metropolitan areas are on fire. So it shouldn't be to longer before buyers from the Bay Area as well as Southern California will be back bidding up the prices. Prices are still low and interest rates are low so you may want to get in on the action before we move to a sellers market.
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