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Market Observations

Market Update Nevada County September 2021

 

September 2021 is a Seller’s market*

Home For Sale in September 2021: 271 units.
• Up 17.3% compared to last month
• 0% compared to last year

Home Closed in September 2021: 125 units.
• Down 10.1% compared to last month
• Down 35.9% compared to last year

Home Placed under Contract in September 2021: 145 units.
• Up 5.8% compared to last month
• Down 2% compared to last year

*Buyer’s market: more than 6 months of inventory based on closed sales
Seller’s market: less than 3 months of inventory based on closed sales
Neutral market: 3 – 6 months of inventory based on closed sales

September 2021 Average Sold Price per Square Footage is Appreciating*

Average Sold Price per Square Footage in September 2021: $309
• Up 1.3% compared to last month
• Up 17.5% compared to last year

*Based on 6 month trend – Appreciating/Depreciating/Neutral

September 2021 Average Continuous Days on Market trend Remains Steady*

Continuous Days on Market in September 2021: 28
• Up 16.7% compared to last month
• Down 48.1% compared to last year

September 2021 Sold/Original List Price Ratio is Falling*

Sold/Original List Price % in September 2021:98%
• Down 1% compared to last month
• 0% compared to last year

*Based on 6 month trend – Rising/Falling/Remains Steady

September 2021 Average For Sale Price is Depreciating*

Average For Sale Price (in thousand) in September 2021: $731
• Down 0.1% compared to last month
• Down 0.9% compared to last year

September 2021 Average Sold Price is Neutral*

Average Sold Price (in thousand) in September 2021:$627
• Up 3.6% compared to last month
• Up 9.8% compared to last year

*Based on 6 month trend – Appreciating/Depreciating/Neutral

September 2021 is a Seller’s market*

Months of Inventory based on Closed Sales in September 2021: 2.2
• Up 30.1% compared to last month
• Up 57.6% compared to last year

*Buyer’s market: more than 6 months of inventory based on closed sales
Seller’s market: less than 3 months of inventory based on closed sales
Neutral market: 3 – 6 months of inventory based on closed sales

 

Don’t hesitate to call The Sierra Lifestyle Team for evaluations of your home’s value or to tour homes on the market you have interest in. We are here for you, and Alisa (almost) always answers her cell phone, 530-559-4871