English: Nevada City, CA, USA

Nevada City, California Image via Wikipedia











So what happened with the Grass Valley –Nevada City area sales in the year 2011? Well, Grass Valley saw an increase in sales volume of 26% with 412 single family residences sold at the end of 2011. That compares to 326 sold properties at the end of 2010.

However, median home prices fell to $183,000 a 15% drop compared to a median price of $215,000 at the end of 2010. I believe the lower prices for homes have made the market more affordable for people to get in and start buying again.

In the Nevada City area, 219 single family residences were sold at the end of 2011, an increase of only 4%. The median price was higher than Grass Valley, at $250,000.  However that was a drop from a median price of $292,500 at the end of 2010. Again, a 15% decline in home values.

Need an informed agent in real estate?  I am a licensed real estate broker with a background in civil engineering and general contracting and help my clients with experience and the utmost integrity.

Let me know your needs and desires in buying or selling a home. If you are a buyer, I will find a home for you in your price range, help with the financing with local mortgage brokers and guide you through the buying experience.

Thinking of buying or selling?
For all your real estate needs
Email or call:

John J. O’Dell Realtor® GRI
Civil Engineer
General Contractor
(530) 263-1091
Email jodell@nevadacounty.com

Enhanced by Zemanta