Today we're not going to talk about real estate or interest rates.I just want to wish you Happy Holidays on behalf of my team.Your business and referrals made 2015 a great year, and 2016 looks to be even better.
None of this could have been accomplished without your help!
Enjoy the sights and sounds of Christmas in this video. Happy Holidays!
Today, I want to address a question I get on a day-to-day basis: Where is the Nevada County market heading? Let's take a look at the numbers:
There are about 665 homes on the market, 195 of which are in escrow.
We only have about a 3-month supply of homes.
We're on track to sell 100 more homes this year than we did in 2014.
There's been a 45% increase in the number of homes sold over $500K
Home values have appreciated by 10% since this time last year. What do these stats mean for you? Well, it means our market is still quite active, even though fall is in full swing. Prices are up and inventory is low, making now a fantastic time to sell if you want to get top dollar and sell fast.
If you have any questions about market conditions in your neighborhood, please don't hesitate to reach out to me. I would love to hear from you!
Today we are excited to give you a virtual tour of a spectacular mediterranean estate right here in Nevada City. This property is at 13108 Woodstock Drive, and is located in Nevada City’s prestigious Banner Mountain Woodlands.
The floor plan radiates around a stunning Great Room, complete with a 2-story fireplace. In addition to the Great Room, there is also a formal living room, a formal dining room, and recreation rooms.
The kitchen is newly remodeled, and finished with cherry wood cabinets, stainless steel appliances, and hickory floors.
The two full master suites in the home separate the guest quarters, and the master bathroom has been updated with the best finishing textures available. All four of the bedrooms have private balconies as well.
There’s a great sense of luxury and serenity here. There are beautiful views of the forest, as well as tranquil fish ponds and fountains.
This is truly a spectacular property, but the video tour just doesn’t quite do it justice. If you have any questions about this property, or would like to see it in person, give us a call or send us an email. We look forward to hearing from you!
Lately, a lot of people have asked me, "What is the best month to sell my house?"By this time of year, a lot of people think that the window has already passed them by, but that's simply not true.
Surprisingly,October is one of the best months to sell a home in Nevada County.As a matter of fact, there's less than 10% difference in sales when you compare May/June to September/October.
Another interesting phenomenon is that we see higher average sales prices in the fall. There are a few factors that could cause this. For instance, Nevada County is particularly beautiful in the fall.Buyers from out of the area love to come up here and see the fall colors.Also, once the summer recreation season is past, people are more focused on the home search.
So if you've been thinking about selling your property, fall could be one of the best times to sell your home.If you have any questions about today's video, or if you're interested in selling your property, give me a call or send me an email. I'd be happy to help you!
Today we're here with your midyear real estate review for 2015, and it's all positive news.
Here in Nevada County, there are 500 homes on the market this July. In July of 2014, there were 650 homes on the market. Now, during July of 2015, there are 250 homes in escrow. In 2014, there were 175 homes in escrow.This means that we're seeing diminishing inventory and increased sales, which leads to appreciation.
However, it's hard to gauge how much appreciation is taking place. That's because homes don't appreciate evenly across every spectrum of the market. For instance, if you have a $250,000 home, it appreciates at a more rapid rate than a $750,000 home. Keep in mind, though, thatall homes are appreciating.
Volume of sales is up by 31%.Coldwell Banker, Nevada County's leading real estate company, is up by 31%, as are my own personal sales.
If you've been waiting for market improvement, appreciation, or just for the right time to sell your home, this is it. We don't know how much longer these market conditions will last, but we do know that things are good right now.
If you have any questions about today's topic, or about real estate in general, please give me a call or send me an email. I'd love to hear from you.
Hey everyone, I wanted to stop by today to talk about the importance of getting a pre-inspection on your home before you list it.
When I say pre-inspection,I am talking about your standard home and pest/termite inspection. Instead of the buyer ordering it after they make an offer, however, this inspection is done prior to the home being listed. This inspection will check for any major issues that would effect the value or safety of the home, including electrical or plumbing problems.
If you're thinking of selling your home, getting it inspected will create a better environment for you in negotiations. In Nevada County, a buyer will make an offer on a house, then set aside the 17-day inspection period, where they will go through various inspections.
However, if you've already done this yourself, you can hand the inspection report to the buyer as soon as they make an offer. It doesn't prevent the buyer from having their own home inspection, but most of the time it stops them from ordering one. By doing this, you can shorten the inspection period to about 7 days.
So don't waste 2.5 weeks on inspections. Doing pre-inspections can help you get the ball rolling faster, and can even help you price your home more effectively. All in all, pre-inspections make the home selling process a whole lot smoother. If you have any questions for us, feel free to give us a call or send us a quick email. We look forward to speaking with you!
Today I just wanted to show you a video from HGTV that showcases how a home can be neutralized in order to attract more buyers. When you're selling your home it's important to remember that it is a product that people want to buy, so you need to depersonalize it.
This would mean removing any flashy paint colors like pink or neon, because as much as you like it, a lot of potential buyers will probably not enjoy it as much as you do. Earth tones work well, like beige or off-white.
It's also important that the color scheme of your home is uniform throughout the home. It can be jarring for a buyer to walk into a bright red bedroom when the rest of the home is painted white.
It's also important to remember that sometimes less is more. Clutter in the home can distract buyers from what your home offers, and you want them to see your home, not all of your belongings.
To get a better idea of what you might need to do, just watch the video above. Also, don't be afraid to contact me with any questions or concerns you might have.
Hey everyone, welcome back to my blog. I'm here to deliver you the latest information about the Nevada County real estate market. Today I am going to give you an update on what we saw in the first quarter of 2015.
Basically, it's all good news out there. We saw 4% home appreciation near the end of 2014, and my team's sales are up 40% so far in 2015. We are seeing a lot more movement in the higher price points in the market (above $600,000). Interest rates are still very favorable as well and are fueling the marketplace.
If you're thinking about selling and curious about the value of your home, give me a call. If you aren't, but happen to know somebody who is, pass along my information and have them contact me. Thanks again for tuning in! We will talk to you soon!
There are many great Grass Valley area homes for sale.Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation
so you know what buyers will pay for your home in today's market. You
may also call me at (530) 273-0073 for a FREE home buying or selling
consultation to answer any of your real estate questions.
Spring is nearly here, and today we want to bring you up to date on what's been happening lately in our local real estate market.
Right now, we are seeing a very interesting trend. There are currently 400 homes on the market, which isn't a very high number. However, there are currently 190 homes in escrow, which is the most we have had in any month in the last year.
In 2014, if you looked at the market at any given time, about 20% of the homes for sale were in escrow. So far in 2015, 30% of all homes for sale are in escrow, which is a significant trend in the right direction for our market.
If you're thinking of selling, it might be smart to get your home on the market sooner rather than later. There is high demand in the marketplace right now due to low interest rates, and buyers are gobbling up homes. If you wait until May or June, you are going to have another few hundred homes to compete against, so it could be an excellent time for you to sell.
Interest rates are still below 4%, but we don't know how long it's going to last. If you have been thinking about buying, locking in a rate now could save you thousands of dollars down the road.
If you have any questions at all, don't hesitate to give us a call or send us an email. We look forward to hearing from you soon!
There are many great Grass Valley area homes for sale.Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation
so you know what buyers will pay for your home in today's market. You
may also call me at (530) 273-0073 for a FREE home buying or selling
consultation to answer any of your real estate questions.
Hey there and Happy New Year, welcome back to my blog! Today I'd like to recap what happened in 2014 in the Western Nevada County real estate market, and where we are likely headed in 2015.
First off, some good news. In 2014, we saw home appreciation rise to 8%, while sales declined by 8%. These are classic signs of the real estate market normalizing and creating stability, which is good for everyone. In 2015, we will see continued stabilization in the market, a modest appreciation of 5-7%, and a more even playing field between buyers and sellers.
If you have been thinking of selling your home, you need to know about a few things. Most sellers tend to wait until the spring to put their property on the market for sale. Listing your home in winter may make things a whole lot easier. There is much less competition on the market right now for your home, while there are still plenty of serious buyers looking to make a purchase and lock in a low interest rate. This is a great time for both buying and selling in our market.
If you or somebody you know is thinking about buying or selling real estate in Nevada County, be sure to give us a call. We would be glad to help out and answer any questions you may have.
