Tag Archives: nevada county real estate sales

Real Estate

Where the Real Estate Market Is Really Hot

Photo Credit: http://www.powersiteblog.com/
Photo Credit: http://www.powersiteblog.com/

Median list prices in May edged up 2.10 percent month-over-month, as housing inventories also were on the rise, creating a greater balance between supply and demand, according to realtor.com’s latest Real Estate Health Report.

The nationwide median list price was $199,000 for May, and up 4.79 percent year-over-year.

“We are seeing large regional markets across the country leading the way to national recovery. These regions are acting as a microcosm for what’s slowly happening in the larger real estate market,” says Steve Berkowitz, chief executive officer of Move. “Overall, we’re seeing seller confidence beginning to respond to consumer demand. Nationally, there are more homes going on the market for a shorter amount of time.  And this is happening in our hot markets on a much larger scale.”

California housing markets are seeing some of the highest median price gains. The following 10 markets have seen the highest year-over-year list price gains:

1. Sacramento, Calif.: up 42.45%

  • Median list price: $284,900

2. Oakland, Calif.: up 38.27%

  • Median list price: $495,000

3. Detroit, Mich.: up 31.73%

  • Median list price: $125,000

4. San Jose, Calif.: up 30.58%

  • Median list price: $679,000

5. Los Angeles-Long Beach, Calif.: up 27.80%

  • Median list price: $428,000

6. Fresno, Calif.: up 27.48%

  • Median list price: $219,900

7. Phoenix-Mesa, Ariz.: up 27.03%

  • Median list price: $235,000

8. Stockton-Lodi, Calif.: up 25.63%

  • Median list price: $199,750

9. Reno, Nev.: up 24.23%

  • Median list price: $235,900

10. Santa Barbara-Santa Maria-Lompoc, Calif.: up 24%

  • Median list price: $775,000

Source: realtor.com®

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Inventories, Asking Prices Get a Boost
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John J. O’Dell Realtor® GRI
O’Dell Realty
(530) 263-1091
Email John

DRE#00669941

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Real Estate

Realty World, O’Dell Realty Group is Now John O’Dell Realty

Bridgeport Covered Bridge, Nevada County, CA

 

I’m pleased to announce that we are no longer a part of the Realty World, Northern California franchise.  No longer being part of the corporate world, we are back to being your home town real estate company, locally owned and operated. We are also using our original name, O’Dell Realty. Please go to our website John ODell Realty   There you can search for all the  MLS listings, foreclosures or put yourself on a free mailing list of homes with your own criteria to find exactly the home or land that you are looking for.

With the advent of the world wide web, there is no need for being a part of a corporate franchise. Along with our own web site, we can provide you with large exposure on many other websites, such as Realtor.com, Trulia and others, to mention just a few. Of course your property is also listed  on the Nevada County Multiple Listing service.  We also have direct access to all of the Bay Area  MLS’s and beyond, along with most of the Northern California MLS’s. Currently we are working with clients buying property in the Bay Area, along with our clients here in Nevada County.

We want to thank our clients that has helped us to be successful for these many years.

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For all your real estate needs
Email or call:

John J. O’Dell Realtor® GRI
Civil Engineer
General Contractor
(530) 263-1091
Email jodell@nevadacounty.com

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Real Estate

Residential Sales in Nevada County by Area

Nevada County, CA
Nevada County, CA

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):

Continue reading Residential Sales in Nevada County by Area →

Real Estate

Nevada County Sales January 2009

1sold

I’m comparing the month of January 2008 to the month of January 2009.  It is not really a good comparison in some ways, as a large sale can skew the results.  But it is a brief snap shot of what’s happening. As the year goes, by, I’ll start comparing the combined months of the year. For example, the next blog will be a comparison of January and February and so on.

Residential sales for the month of January 2009 increased five percent over January 2008. The average sales price declined eighteen percent from an average sales price of $449,358 to $370,351 from 2008 to 2009. However, in January of 2008 there was one sale of $1,950,000 which really skews the average sales price. Taking that out of the equation, the average sales price for January 2008 drops to an average sales price of $372,155 which is about what the sales price is this year.

Average days on the market remained almost the same, 140 days in 2008 compared to 138 days in 2009. To make a long story short, sales in January of this year compared to sales in January of last year are about the same.

Let’s see how the rest of the year goes. I believe the market is picking up and I expect there is going to be a lot of help from the Federal Government in the coming months.   A lot of investors are jumping into the market realizing that this is a great time to buy.