July Residential Sales

July Residential Sales Statistics in Nevada County

• 81 homes sold in Nevada County in July, up from June, which was 80
• The highest price home for the month was $799,000; the lowest was $8,500.
• The median price was $212,000, down from June’s median price of $237,500.
• The average was $238,874, which was down from June’s average price of $278,078.
• Average days on the market was 108 days
• There were 10 lots/land sold in July with a median price of $98,000.

Summary of where homes were sold:

Alta Sierra                               10

Grass Valley                           36

Lake of the Pines                     4

Lake Wildwood                        8

Nevada City                            15

Peardale/Chicago Park         1

South County                           4

Penn Valley                               2

Rough & Ready                        1

 

* Prepared by Kathy Papola, Broker/Owner of Network Real Estate

 

Behind the Headlines

Each week, the California Association of Realtors (CAR) post some good articles on their website to help us all make sense of the stories we hear and read regarding the real estate market and mortgage lending.

We find these articles helpful and would like to share them with you on a regular basis. Please let us know what you think.

http://www.car.org/media/pdf/consumer/Beyond_the_Headlines__071411.pdf