The Nevada County Multiple Listing Service (MLS) breaks Western Nevada County into various areas. As a result, I can give you sales data for different regions of Nevada County. The data that I give you below represents the time period difference in sales from July 2009, to the same period last year. Different areas of Western Nevada County depreciated faster than other areas, with some areas decreasing in value as much as -27%

Here’s the residential sales data broken down by areas, July 2009 (current period) July 2008 (one year ago):

• Alta Sierra

Current period 99, Last year’s sales 104, Median price this year $306,000 – Decrease in value -27%

• Grass Valley

Current period 251, Last year’s sales 297, Median price this year $270,000 – Decrease in value -19%

• McCourtney

Current period 20, Last year’s sales 23, Median price this year $412,750 – Decrease in value -12%

• Nevada City

Current period 166 Last year’s sales 156, Median price this year $356,450 – Decrease in value -17%

• Peardale/Chicago Park

Current period 29, Last year’s sales 25, Median price this year $395,000 – Increase in value +3%

• Penn Valley

Current period 51, Last year’s sales 51, Median price this year $335,900 – Decrease in value -7%

• Rough & Ready

Current period 7, Last year’s sales 4, Median price this year $290,500 – Decrease in value -19%

• South County

Current period 48, Last year’s sales 38, Median price this year $387,500 – Decrease in value -17%

• Lake Wildwood

Current period 99, Last year’s sales 38, Median price this year $350,252 – Decrease in value -26%

• Lake of the Pines

Current period 66, Last year’s sales 71, Median price this year $323,550 – Decrease in value -20%

So there you have it, by different areas. Areas with limited sales such as the Rough & Ready can have the median prices skewed. One or two large or small sales can change the median price drastically. If you have any questions, contact me, John J. O’Dell 530-263-1091