Tag Archives: residential sales

Real Estate

Would You Buy A Haunted House?

Halloween, Fantasy, Tale, Dark, Night, Creepy, Darkness

Picture courtesy of Pixabay

October 31, 2018

Home buyers may be so anxious to find a home that they aren’t even spooked if it’s rumored to be haunted. A new survey says one in three consumers say they’re willing to take a chance on a haunted home, but there needs to be something to sweeten the deal for them, according to realtor.com®’s annual Haunted Real Estate Report, based on responses from more than 1,000 Americans. However, 18 percent said a home that is haunted wouldn’t affect their purchase decision at all.

“In a competitive market, it’s harder for prospective buyers to be extremely selective,” says Danielle Hale, realtor.com®’s chief economist. “If a house is commensurately priced, or has desirable features, the fact that it may be haunted seems to matter less. This report shows that, for those looking for a good deal, a lower price, better neighborhood, or larger kitchen can balance out a few spooky happenings.”

To Buy or Not?

Realtor.com® researchers asked respondents to decide between purchasing a haunted or non-haunted home. Responses fell within these three categories:

  • I’ll buy, but sweeten the deal: A third of respondents said they needed an incentive to buy a haunted house. They could be enticed by a lower sales price, larger kitchen, or better neighborhood.
  • I’ll buy, nothing else required: Eighteen percent of respondents said they’d buy a home believed to be haunted without any additional enticements. Nearly a quarter of consumers between the ages of 35 to 54 said they aren’t spooked by a haunted home.
  • No way am I buying: Forty-nine percent said there is no price low enough, no kitchen large enough to make them want to buy a haunted house. Older generations appear to be the most reluctant to move into a haunted house, according to the survey. Sixty-one percent of consumers over the age of 55 said they would never buy a haunted house compared to 41 percent of millennials or Gen Xers who said they wouldn’t.

Haunted homes are not uncommon in real estate. Nearly two in five consumers surveyed say they have lived in a haunted—or possibly haunted—house. Forty-four percent of respondents say they either suspected it or were fully aware it was haunted before moving in. What makes a home haunted house? Respondents said hearing strange noises (54%), odd feelings in certain rooms (45%), and erratic pet behavior (34%).

Source: Realtor.com®

Help keep this blog going Contact today John J ODell, Broker, RE 0066941 for all your real estate needs

    nevada county fair

    Nevada County Fair Tickets Now on Sale 2018

    Fair

    Fair Office to extend its hours and open the weekend before the Fair for discounted tickets! 

    Tickets for the Nevada County Fair are on sale now. Purchase your admission, carnival tickets, and arena event tickets before the Fair begins and save time and money!  The Fair Office is open Monday through Friday from 8 am to 5 pm, and Guest Services will be open specifically for ticket sales on Saturday, August 4 and Sunday, August 5 from 10 am to 5 pm on both days. You can also save time by purchasing your Fair tickets online at NevadaCountyFair.com.

    Buy your admission tickets before August 7 at 5 pm and get an admission ticket for $7.  You can also take advantage of other presale offers, including a five-day Fair pass with unlimited entry for $30, an event parking pass for $25, or a carnival ride bracelet (good for unlimited rides on any one day) for $25.  

    Now is the time to also purchase your arena event tickets – including tickets to this year’s all new Truck and Tractor Pulls! Tickets are on sale now for the Flying U Extreme Rodeo on Wednesday, Truck and Tractor Pulls on Thursday night, Monster Trucks and Tough Trucks on Friday and Saturday night, and the Destruction Derby on Sunday night.

    There are several ways to get your Fair tickets early. Purchase them online at NevadaCountyFair.com, stop by the Fair Office on McCourtney Road, or call the Fair Office at (530) 273-6217 by August 7 at 5 pm.

    The Fair Office at Gate 1 is open Monday through Friday from 8 am to 5 pm, and Guest Services at Gate 1 will also be open on Saturday, August 4, and Sunday, August 5, from 10 am to 5 pm on both days.

    After August 7, ticket prices for the Fair are $9 for adults, $7 for seniors, $5 for children
    6-12, and free to children under the age of 5.  There are also new special promotions on each day of the Fair:

    • Wednesday: Scholar Students Day

    Free admission for Nevada County Honor Roll students until 5 pm

    (by invitation only from the Nevada County Superintendent of Schools)

     

    • Thursday: Community Day
      Free coupon book with coupons for Treat Street, souvenirs and the Draft Horse Classic
      for the first 10,000 customers.

    Free admission for disabled persons until 5 pm

     

    • Friday: Family Friday

    Free parking in Fair lots until noon

    One free carnival ride coupon for first 500 guests

     

    • Saturday: Military Appreciation Day

    Free admission for active and retired military (who show ID) until 5 pm

    • Sunday: Sunday Funday

    Free admission for children 12 and under until 5 pm

     

    This year’s Nevada County Fair is August 8 – 12 and it is filled with “Bushels of Fun!”  The phone number is (530) 273-6217 and the website is NevadaCountyFair.com.

    Help me keep this website going
    You can help in two ways, submit an article relating to Nevada County for publishing
    Or Call me for all your real estate needs

    Contact me today

      Real Estate

      Residential Real Estate Prices in Nevada County 2010 – 2011

      By John O’Dell

      How’s Nevada County’s residential sales going?  Let’s take look at the years 2010 and 2011 from January to October of each year and compare the two.

      The Year 2010 from January to the end of October.  There were a total of 1,619 listings. Total sales in that period were 750. Average list price of unsold properties was $453,771 and the average price of the properties that sold was $310,793.  Average days on the market of sold properties were 97 days.

      For the year 2011 from January to the end of October. There were a total of 1,446 listings. Total sales in that period were 859 which is an  increase in sales of 14.5%. Average list price of unsold properties was $395,080. The average price of properties that sold was $260,463 a decrease in sales price of 34.1% Average days on the market were 144 about 48% longer to sell a listing.

      So how does future look? Foreclosures were up 7% in October but down 31% for the same period last year. Until the foreclosures are cleared by the mess Wall Street and the banks created by their greed, I think we will see a further decrease in sales price going well into the end of next year.

      Thinking of buying or selling?
      For all your real estate needs
      Email or call:

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

      Real Estate

      Nevada County Residential Sales, Dramatic Increase From June 10, 2008 to June 10, 2010

      By John J. O’Dell

      The number of residential sales  from June 8, 2008 to June 10, 2010 increased 77 percent, a dramatic increase in the last  two years.  In June of 2008, 64 residential properties sold. In June of this year, 113 residential properties sold. The average number of days for a residential property to sell in June 2008 was 88 days compared to June 2010 which was 113 days.

      Comparing this year to last, in June 09, 2009, 95 residential units sold compared to June 10, 2010 of 113 units, an increase of 16 percent, indicating that overall, sales have increased in Nevada County for the last two years.

      The median price dropped from two years ago, in June 2008, the median price was $339,500, and in June 2010 the median price was $280,000 a drop of 18 percent.

      However, the median price for residential property in June 2009 was $278,900 and in June 2010 the median price was $280,000 a slight increase, indicating a positive trend, with sales up and an increase in the median price.

      Inventory of residential properties have remained about the same, with a 15 month supply in June 2008 compared to a 14 month supply in June of 2010. Inventory of units for sale in June 2008 were 1,149 compared to 1,003 in June of 2010.

      Overall, the market outlook seems positive, with increased sales and the median sales price appearing to have stabilized.  I like to look at things like the glass is half full rather than half empty. After all, if we have an unemployment rate of ten percent in California, there are still ninety percent of the people working.

      Source of data: Clarus MarketMetric®

      John J. O’Dell
      Real Estate Broker
      General Contractor
      Call 530-263-1091

      Nevada County Information, Real Estate

      Residential Sales in Nevada County November 2009 Compared to November 2008

       map-of-nevada-county

      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

      Real Estate

      Residential Prices Continue to Fall in Nevada County

      chart sales up

      Prices in Nevada County residential property continued to drop overall from July of this year compared to July of 2008. Overall, there was $290,919,175 in residential sales compared to $355,118,054 for the same period last year. The median price dropped from $414,858 to $347,989. Sales decreased only 2% compared to a median price drop of 16% for residential sales.

      Sales in Nevada County have continued to increase in the last few months which is the other side of the coin.  As prices drop, homes become more affortable, creating an affortable residential market. Investors continue to be a large part of the residential sales.

      Continue reading Residential Prices Continue to Fall in Nevada County →

      Real Estate

      Investing in Foreclosed Homes in Nevada County

      money-tree

      Smart investors are continuing to take advantage of the present foreclosure market. I don’t have an exact figure of how many foreclosures there are in Nevada County, but I just had one of my investors open escrow on two foreclosed homes in Nevada County. With some existing home prices under $200,000 in the county, there are some buying opportunities that are hard to pass up if you have the money to invest and willing to ride out the present downturn in real estate.

      Continue reading Investing in Foreclosed Homes in Nevada County →

      Real Estate

      Zillow.com has Complaint Filed Against Them by NCRC

      house-listed-on-Zillow

      The National Community Reinvestment Coalition (NCRC) filed a consumer protection complaint to the Federal Trade Commission alleging Zillow.com is misleading consumers, real estate professionals and financial service providers.

      Humm, I don’t know too many consumers, real estate professionals and financial service providers that put much stock in home prices by Zillow.com or other on-line valuation services. Zillow.com states you are looking at home values, not home appraisals. How could Zillow.com come up with an accurate price of your home by just using data from recent sales? To begin with, an appraiser, in order to get a true value of your home, has to look at the exterior and interior of your home in order to find homes similar to yours. Then after finding homes that were recently sold and that are similar to yours, adjustments, plus and minus, have to be made on the homes he finds that are similar to your home to account for neighborhood, landscaping, etc. Continue reading Zillow.com has Complaint Filed Against Them by NCRC →

      Real Estate

      Nevada County Home Sales Up April to June 2009

      sold-sign2

      Nevada County homes sales increased in the three months of April to June, 2009 compared to the same period in 2008 by 14%. Sales for the three month period in 2008 were 203 housing units compared to the three month period in 2009 of 231 housing units. However, the average sales price dropped 17% in the three month period of 2008 which was $417,250 compared to $345,931 for the same three month period in 2009.

      In addition the number of foreclosure proceedings started against California homeowners fell slightly in the April-through-June period compared with the prior three months, but remained higher than last year. The dip from earlier this year occurred as lenders and their loan servicers took time to revise procedures and priorities in an environment of continuing home price depreciation, economic distress and mortgage defaults, a real estate information service reported.

      Lenders sent out a total of 124,562 default notices during the second quarter (April through June). That was down 8.0% from the prior quarter’s record 135,431 default notices, and up 2.4% from 121,673 in second quarter 2008, according to MDA DataQuick. The San Diego firm tracks real estate trends nationally via public property records.

      “There is a perception that the housing market is dragging along bottom, that it probably won’t get much worse, and that the lenders need to get serious about processing the backlog of delinquencies, either with work-outs or foreclosure. We’re hearing that some lenders and servicers are doing just that, hiring more people to do the necessary paperwork. That means the foreclosure numbers will probably shoot back up during the third quarter,” said John Walsh, DataQuick president.

      The median origination month for last quarter’s defaulted loans was July 2006, the same as during the first quarter. A year ago the median origination month was April 2006, so the foreclosure process has moved three months forward during the past 12 months.

      Real Estate

      Foreign Investors Optimistic About U.S. Real Estate

      foreign-investors-in-jacksonville-florida1
      Foreign real estate investors expect the U.S. real estate market to recover by the end of the second quarter of 2010, according to a survey released Wednesday by the Association of Foreign Investors in Real Estate (AFIRE).

      Survey respondents were optimistic about the prospects for good returns, with more than two-thirds planning to invest in U.S. real estate before the end of the year.

      About 31 percent said they were more hopeful now about the health of the U.S. real estate market than they were in January, 16 percent said they were more pessimistic, and 53 percent said their opinion had stayed the same.

      The 200 members surveyed predicted that Washington, D.C., New York City, and San Francisco would be the first cities to recover, followed by Boston and Los Angeles.

      Source: Association of Foreign Investors in Real Estate (06/17/2009