This past month I have seen our local market moving quickly. Buyers are snapping up properties within just a few days of the home coming on market. Condition from ” I would be afraid to walk in that house without a haz mat suit on” to beautiful well kept homes ready to move right in, are selling within days of coming on the market across all price points.
Buyers more than ever you need to be ready with your loan pre-approvals and proof of funds. Sellers if you want to or have to move now may be the right time again, (unless you are still dreaming of 2005 prices, then you should stay put for another 15 or 20 years)
Here is the latest market data ending in May for Placer County Single Family Homes under 400,000.
Now Nevada County is not quite as Hot as Placer, but some areas and price points (under $250,000) are moving quickly too. What I see is that Nevada County Sellers have been slower to adjust to the new market reality or are willing to wait it out for their price. Here is the market data for Nevada County
Want more data or a different area? I will be happy to set you up on Trendsend, just let me know via email what area and price points.
Teri Andrews-Murch, Realtor, Ca DRE 01734030 ph 530-798-0215 Lyon Real Estate, Auburn, Ca. www.FoothillsHotProperties.com