The good news is that sales volume picked up 7 percent.   In November of 2007 to November of 2008, 839 homes had been sold.  From November 2008 to November 2009 897 homes were sold, an increase of 7 percent.

The average sales price in November 2008 was $395,609. In November 2009 the average sales price was $316,859.  This is a decrease of $78,650 or a 20 percent drop in average sales price.  The amount of active listings also dropped 7 percent.

Sales bya few key areas:

 Nevada City area sales increased 17 percent and average sales price dropped 22 percent. The average sales price in November 2009 was $364,800 compared to a year ago of $468,895.

Lake Wildwood sales increased 11 percent and the average sales price dropped 14 percent to an average sales price of $316,216 compared to last year’s average sales price of $368,366.

Lake of the Pines sales decreased 3 percent and the average sales price dropped 20 percent to an average sales price of $313,188 compared to $368,366 last year.

Alta Sierra sales increased 20 percent and the average sales price dropped 26 percent to an average sales price of $305,537 compared to last year’s average sales price of $410,415.

Grass Valley’s sales decreased 3 percent and the average sales price dropped 16 percent to an average sales price of $267,024 compared to last year’s average sales price of $318,072.

Penn Valley sales decreased 10 percent and the average sales price dropped 12 percent to an average sales price of $319,370 compared to last year’s average sales price of $361,450.

Peardale/Chicago Park sales decreased 2 percent and the average sales price decreased 20 percent with an average sales price of $382,940 compared to last year’s average sales price of $476,855.

There are other areas of the county which I have not mentioned. If you are interested in any particular area that is not in the list above, write or call me and I will give you the stats.

John O’Dell
Broker