How Much Equity Do Nevada County Homeowners Actually Have Right Now?
I get some version of this question almost every week: how much equity do I actually have in my home? With home equity in Nevada County higher than most owners realize, it is worth a real answer instead of a guess. A new report on California housing wealth just put some hard numbers behind what I ha
What Homes Under $400,000 Actually Look Like in Nevada County Right Now
I get asked some version of this question almost every week: what can you actually buy in Nevada County for under $400,000? With our countywide average sale price sitting at $607,801 as of the most recent Metrolist MLS data, it's a fair question, and it's one worth answering honestly. Homes under $4
What the Data Actually Shows About the Nevada County Real Estate Market
If you have read a housing headline this week, you probably saw the word slowing. National existing home sales dropped 1.7% in July, the average 30 year mortgage rate climbed to 6.69%, its highest point in more than a year, and the median home price hit a record in most of the country. It is easy to
Why Bay Area Buyers Keep Moving to Nevada County California
I get some version of the same phone call almost every week now: a family in the Bay Area has done the math, and they want to know if moving to Nevada County California is really as good as it sounds. I have been selling real estate here for more than 20 years, and I can tell you the math usually ho
Why Nevada County Homes Are Selling Closer to Asking Price
If you've been watching Nevada County real estate from the sidelines, you might assume sellers are still slashing prices to get offers, or that buyers can lowball their way into a deal. The Metrolist MLS numbers I pull every month tell a different story. Nevada County homes are selling closer to ask
What the Data Shows About Days on Market in Nevada County
Photo credit: Unsplash Every few weeks a client asks me some version of the same question: is the market speeding up or slowing down? The honest answer is that days on market Nevada County buyers and sellers are dealing with right now looks completely different depending on which month, and which to
Grass Valley vs. Nevada City vs. Alta Sierra: Where Prices Land
Photo credit: Unsplash I get some version of this question almost every week. A buyer will ask me about Grass Valley vs. Nevada City home prices, assume the two towns cost about the same, and then be surprised by the gap once we start looking at real listings. Alta Sierra usually does not even come
How Much Income You Need to Afford a Home in Grass Valley
I get some version of this question almost every week: "How much do I need to make to afford a home in Grass Valley?" People usually have a number in their head from a mortgage calculator they found online, and it is almost always lower than what our market actually requires. So I ran the real numbe
What the Fed's Rate Hold Means for Nevada County Mortgage Rates
I've had three conversations this week with buyers asking the same question: should I wait for rates to drop, or should I move now? The Federal Reserve just held its benchmark rate steady at the end of July, and that decision is already rippling through Nevada County mortgage rates. If you're trying
