What Do Recent Trends Say About Our Market?

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.

Today, we answer the question: What's the state of the market here in Nevada County?

First, let's take a look at the numbers:

• Sales are down 17% 
• Prices are up 9% 
• Distressed home sales have fallen significantly 
• An appreciation rate of about 6% is expected for 2015

What does all of this mean for you? Well, if you're looking to sell your home in the next year or so, you'll be doing business in an incredibly healthy market. The fact that sales have fallen is, in a sense, a good thing; it's indicative of a drop off in distressed property sales, which means our market is returning to normalcy.

Since homes are appreciating at a more sustainable rate than they were in 2013, first-time home buyers will have more opportunities to find an affordable home down the road. If you're looking to sell, people are still getting high values for their homes, so now is a great time to put your home on the market.

If you have any questions about market conditions in your area, or have a topic you would like us to address in a later video, feel free to call or email us at any time. We hope to talk to you soon!

It's a Great Time to Sell in Nevada City, Grass Valley, and Penn Valley

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 2014 Real Estate Market Update for Nevada County

I'm going to take this opportunity to give you an update for the 1st quarter of 2014. I'll be focusing my review on Nevada City, Grass Valley, and Penn Valley. 

• There were 248 sales in the first quarter compared to 285 sales in the first quarter of 2013, so sales are down.
• The silver lining here is that the average sales price has risen.  
• Average sales price for this quarter is $345,000, which is a 12% increase from last year.
• We have an inventory of 455 homes, and an additional 146 homes in Escrow today. 
• Bottom line is that inventory is very low, and is sitting right around 2.5 months' worth of homes.
• If you're thinking of selling, there absolutely could not be a better time to do so.
• With inventory so low, you will sell fast and for top dollar.  
• If you're unsure about selling, you'll probably be surprised at how much your home is worth, so contact me or utilize our free home value tool. 

If you would like to sell, I would urge you to contact me and we can plan some ways to maximize the value of your home, as well as come up with a road map for getting it sold in a timely fashion. 

Feel free to call me at (530) 273-0073 or email me at kurt@kurtcongdon.com

11 Expert Real Estate Predictions that Point to a Fantastic 2014

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.

This past weekend I went to a real estate retreat where the top real estate expert in North America shared with me some things he expected to see in 2014. In total, he gave me eleven points in his forecast and I'm going to share them with you now:

1. Home prices will continue to rise, bringing a certain amount of normalcy back into the market.
2. Interest rates will remain low, so buyers will see both great prices and great rates.
3. Inventory will also remain low, which will bring better prices because of increased demand.
4. New Home starts will go up 15-20% in the United States.
5. The real estate market will stabilize for the first time in 6-7 years as supply & demand balance out.
6. Realistic pricing will generate multiple offers on appropriately priced properties.
7. This new-found confidence in real estate will motivate buyers and sellers.
8. Home sales are expected to rise by 3-5% throughout the nation.
9. New Lending Policies will be put in place to help prevent the relapse seen in 2006.
10. Homeowners will continue to build equity.
11. Fewer 'under water' properties will translate to more equity for homeowners. This will create a move-up and a move-down market.

There you have it. The eleven expert predictions for real estate in North America for 2014. The great thing about all of these predictions is that they're all good news!

Contact me if you're ready to take advantage of the best market that we've seen in eight years. I can be reached at (530) 273-0073 or you can reach me by email at kurt@kurtcongdon.com