Tag: Real Estate

Nevada County Real Estate Update: Median price of homes sold rises to $565K

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Home sales in western Nevada County continue to keep pace with what’s been one of the hottest markets the community has seen in decades, moving the median price of homes sold to a record $565,000.

Monthly area sales stats, though, also offer a bit of a mixed message on what’s still to come in 2021.

The 199 homes sold in July totaled for a 9.3% increase over June sales, and marked the highest number of homes sold in any single month this year. 

But for the first time in 2021, total sales were short of the same month year-over-year, as 206 homes were sold in July 2020. Pending sales were down 19.4% in July from June, the third-straight month of decline in pending sales. 

  • BY THE NUMBERS
  • July home sales in western Nevada County:
  • $565,000 — Median price (2021)
  • $479,500 — Median price (2020)
  • 12 – Days on market (2021)
  • 24 – Days on market (2020)
  • 199 – Homes sold (2021)
  • 206 – Homes sold (2020)
  • 236 – Homes for sale (2021)
  • 295 – Homes for sale (2020)

And the median days on market for the month crept up to 12 days, up from nine in June.

Pulling back for a wider view, however, offers a look at a more typical days on market median for the month of July. Last year, as sales began to pick up pace after the economic shutdown, the median was 24 days on market. In 2019, that number was 43 days.

And though the 199 homes sold in July is a 3.4% dip from the 206 in year-over-year monthly comparison, it’s actually 46.3% higher than the 136 sold in July 2019. One year earlier than that, in July 2018, 139 homes sold in a median 38 days on market.

… though the 199 homes sold in July is a 3.4% dip from the 206 in year-over-year monthly comparison, it’s actually 46.3% higher than the 136 sold in July 2019.

— western Nevada County home sales, july 2021

The $565,000 median price of homes sold in July, a 7.4% increase over June, is 7.6% higher than January sales and 17.8% higher than the $479,500 recorded in July 2020. The median prices of the 1,744 homes sold for all of 2020 in western Nevada County was $455,000 — 24% lower than the price homes sold for here last month.

SLIGHT INCREASE IN SUPPLY STILL SHORT OF ’NORMAL’

One key to the higher prices sellers have so far enjoyed throughout 2021 has been an extremely limited inventory. 

Historically, the number of homes listed for sale in August has been substantially higher than the 236 currently on the market. Although that number — a 5.8% increase over June — is the highest monthly total of active listings this year, there were 295 on the market in July 2020. 

But to pulling the low inventory into a wider perspective, one year earlier in July 2019 — in a pre-COVID-19 economy — there were 647 homes listed for sale in western Nevada County.

The effects of the limited supply not meeting high demand is apparent in the median price of homes sold, but also is evident in the price per square foot of homes sold, which in July rose to a high of $306 this year.

That’s a 32% increase over July 2020 and 29% higher than the $238 price per square foot recorded in July 2019.

Brian Hamilton is the assistant to the regional manager for the Betsy Hamilton Real Estate Team. Contact Betsy Hamilton at realestatebetsy@gmail.com or 530-263-9044. Visit MidLifeOfBrian.com for previously published market updates. Contact Brian Hamilton at BrianHamiltonRE@gmail.com

Sharon Currie joins Betsy Hamilton Real Estate Team as operations manager in Grass Valley

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Sharon Currie has joined the Betsy Hamilton Real Estate Team as operations manager.

GRASS VALLEY, Calif. — The Betsy Hamilton Real Estate Team is pleased to announce the recent addition of Sharon Currie, a Realtor with more than 20 years of experience in the industry, as its operations manager.

Currie, who moved to western Nevada County nearly two years ago, served her own clients over two decades throughout Santa Barbara County and Santa Ynez Valley areas. In June, she joined the Betsy Hamilton Team, a RE/MAX Gold team in Grass Valley.

“I could not be more excited about Sharon joining our team,” said Betsy Hamilton. “Her vast amount of experience in real estate, as well as her professionalism and organizational skills, already is making an impact for us and our clients. It’s reassuring to have her assistance in meeting the needs of our clients throughout our real estate transactions, knowing they’re in the hands of a competent and trusted real estate professional.”

“It’s reassuring to have her assistance in meeting the needs of our clients … knowing they’re in the hands of a competent and trusted real estate professional.”

— Betsy Hamilton

“There isn’t much I haven’t seen, done or experienced in the real estate world,” Currie said. “There is no better teacher than experience in this business. I take my responsibility to focus on clients’ needs, their protection and bringing value to the relationship, very seriously. Integrity, honesty and transparency always play major roles in every transaction and relationship.

“Now in the sunset years of my professional life, I have taken a step back, lending my vast experience to the Betsy Hamilton Team at ReMax Gold, where I manage the back office day-to-day operations, transactions and relationships with the occasional open house and showing property to clients adding to the enjoyment of my work,” she said. “The Betsy Hamilton Team leads by example and exemplifies my career-long dedication to a very high degree of accountability, professionalism and integrity.”

Currie said she and her husband moved to Nevada County after looking for a place to eventually retire that was “beautiful, affordable, had good weather and offered an active lifestyle.”

“A very hard combination to find!” she said. “After looking for 12 years, in this state and others, we finally found nirvana.”

“The Betsy Hamilton Team leads by example and exemplifies my career-long dedication to a very high degree of accountability, professionalism and integrity.”

— Sharon Currie

She and her husband are parents of four grown children and five grandchildren. Two of their children live in Nevada County, “transplanting from the Central Coast after they saw the amazing life offered here in the Sierra.”

Along with her family, she said her horses and dogs, as well as food and flower gardens, are her lifetime passion.

For more information, visit BetsyHamilton.com, contact Betsy Hamilton at realestatebetsy@gmail.com or email Sharon Currie at currie.sharon@gmail.com.