Nevada County Real Estate Market Update

Buying a Nevada County Home? Search all Homes for Sale  
 Selling a Nevada County Home? Check out our FREE Home Value Report

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, that all 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.

Why Get a Pre-Inspection?

Buying a Nevada County Home? Search all Homes for Sale  
 Selling a Nevada County Home? Check out our FREE Home Value Report

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!