Wednesday, August 15, 2012


The summer home selling season which began in March delivered 590 single family home being sold within Nevada county, of which 39 were sold for less than $100,000. Currently, there are seven homes priced under the century mark, one of which is in Nevada City, three in Lake Wildwood and three in Grass Valley.

Median Home Prices March to August 15, 2012

Nevada County $230,000.
South County $304,000.
Lake of the Pines $222,500.
Alta Sierra $235,000.
Grass Valley $209,000.
Nevada City $245,000.
Lake Wildwood $205,000.
N. San Juan $130,000.

The lowest price home sold was $38,000. The bank owned 2,480 sq. ft. home was constructed on 3.07 acres in North San Juan and originally priced at $77,000 and was on the market for 46 days.

The listing agent described the property as....

MAJOR MAJOR FIXER. This property has been totally gutted everything gone No power off grid , no well , Septic ????? .......lots of issues ...... roof is gone , Mold inside access issues ,,Log cabin on acreage .. This property was final-ed prior to being gutted....... Not a cheap fix .....

The highest price home sold during the summer of 2012 was a waterfront home in Lake Wildwood. The 2,992 sq. was very nice and was in move in-condition. The lot was .37 acres. The original asking price was $997,744 and it sold after being on the market for 150 days for 918,448. This was an equity sale and not a bank owned or short sale transaction.

The listing agent described the property as...
Welcome to a Gorgeous Level Entry Lake Front home...water views galore! This classy 1 owner home is for the discriminating client w/privacy & quality + an open flr plan for entertaining inside & out on the beautiful large deck! Contemp. clean lines begin w/vaulted ceiling greatroom to the din. Rm & kitchen w/new high-end stnlss appl, pantry & center island. Main level master suite; beautiful built-ins, walk-in closet, new fixtures, lighting & window coverings + deck access. A lrg game rm + ba (4th bdrm/2nd mstr ste) lead to a deck & landscaped pathway to the lake. 2 lrg bdrms + priv office. Add to the appeal of this comfortable home. A new dock sets in the serene 5 mph water & direct access to the open lake.

Currently there are 474 single family homes on the market in Nevada county with a median asking price of $350,000. 

Scott Hopper - Realtor, 530-477-2277

"If you enjoy reading my blog, please keep me in mind when you or a friend needs a real estate professional"

1 comment:

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