The Nevada County Real Estate Market In the Time Of Covid-19!
What’s up with the Market?
We’ve talked to many folks recently who give thanks that we are fortunate to live in Nevada County for lots of reasons, among them the low number of COVID 19 cases here and our ‘natural’ social distancing since we are already spread apart much more than urban environments. So, we give thanks!
Here is a snapshot of Nevada County RE activity:
What do those Numbers Mean!
Homes for sale are up 7.8% May vs April, but down 25% against a year ago. Homes Sold are flat May vs April, but down 38% vs a year ago and Homes Pending are up 180% May vs April, but down 19% vs a year ago.
We think, given all the challenges of the shutdown, those numbers look pretty good. The reality is that Real Estate in Nevada County is relatively healthy. Full time hardworking agents are busy. We are working with sellers to prepare homes to go on the market now and in the coming months.
And we are showing homes to prospective buyers, who, in this environment are not out there unless they are serious. No looky-loos!
What about prices, you say. Prices are up 10% May vs April, and up 3% this April vs a year ago. Prices are supported somewhat by less inventory, but we think it is the attractiveness of Nevada County especially during the time of pandemic. Our county is simply a safer place than others.
Days on market are a bit better, with houses selling 8% quicker this year vs last year and 19% quicker May vs April. Average of 81 DOM.
What about the future outlook?
It seems a no-brainer that Nevada County is more attractive than ever. We have seen for quite a while lots of Bay Aea folks moving here for the stellar lifestyle Nevada County delivers. Couple that with attractive home prices relative to the Bay Area, and now heightened sensitivity to safety, we are ripe for a significant boom as conditions normalize.
Johnson’s Sierra Lifestyle Team is working, here the assist you, and practicing safe social measures consistent with government, county and National Assn. of Realtors guidelines.
Open House will be virtual until safe conditions pertain. Showings will be conducted two clients at a time in the house, masks/gloves worn and we will utilize sanitizer on surfaces we cannot avoid touching (such as handrails, doorknobs, etc. We will travel in separate cars to maintain social distance. No tha1t does not mean we don’t like you ☺ We look forward to hugging days again!
Follow us on Facebook for even more local content and upcoming virtual open houses facebook/sierralifestyleteam
Don’t hesitate to call us 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 always answers her cell phone, 530-559-4871.
Simple Cucumber & Onion Salad – MMMMMM
From Southern Bite – Enjoy!
- 5 or 6 small pickling cucumbers (you can use 2 or 3 English cucumbers if that’s all you can get your hands on)
- half of a medium-sized Vidalia onion
- 1/2 cup white vinegar
- 1/2 cup water
- 2 teaspoons sugar
- 1 teaspoon salt
- 1 garlic clove, finely minced
- black pepper (optional)
- Peel cucumbers and slice to your liking. Peel and slice onion. Combine in a large bowl.
- Combine vinegar, water, sugar, salt, and garlic and pour over cucumbers and onions.
- Allow to sit at least an hour before serving. Sprinkle with black pepper (optional).