Tag Archives: Nevada City real estate

What’s Happening to Nevada City Homes for Sale in 2021

With everything 2020 brought our way, making good life decisions hasn’t gotten any easier in 2021. Let’s take a closer look at what is happening in our local real estate market so that we have some accurate information to work with.

Market Update on Nevada City Homes for Sale (updated September 27, 2021):

Right now there are 60 single family Nevada City homes for sale. In August we saw only 11 new listings but 17 went pending. 28 homes sold with an average of 18 days on market before accepting an offer. The median sold price jumped to $800k, most likely from a small sample size.

Demand was outpacing supply consistently for the past year, but is this about to change? If you’ve been considering letting go of a property out here, now is the time to list your home for sale, and we don’t know how long this window will last, or if supply will start to match demand more consistently. Feel free to reach out to discuss what your home is worth now and learn about our seller services.

Nevada City is a small town and rural area, so we don’t have a huge sample size to work with when looking at real-time data. But if we also consider the Grass Valley real estate market, where recent numbers also show demand outpacing supply, then our local market looks fairly solid at the moment.

Whether you are thinking of selling or buying a home in Nevada City, sign up here to receive our monthly local market update.

Thinking of buying?

Our property search feature allows you to save your results. If you sign up you will also receive an email when new listings come on that match your search criteria. Feel free to reach out to us to talk about your vision and to view any Nevada City homes for sale.

Thinking of selling?

It’s tricky to find accurate information about real-time conditions in real estate, because there is a natural delay between the time homes for sale get an offer and when the sale actually closes. This results in a lag before the general public knows the statistics. 

In the meantime, sellers wondering whether or not it’s a good time to sell a home in Nevada City have to trust their gut, or read speculative news, or listen to the opinion of a broker. (And one of the first forms you sign when buying or selling a home in this area is the Market Conditions Advisory, which discloses that no one really knows what the market is going to do!)

We do our best to give local home sellers real-time information so that they can have a better sense whether or not it is a good time to list their Nevada City home for sale. When making this type of life decision, it is important to know the competition and have realistic expectations about market time.

Feel free to reach out to us to learn what your home may be worth, and to talk about listing your home for sale in Nevada City.

Past month data:

July 2021: 19 new listings/18 went pending. This is the first time in over a year where supply and demand were fairly balanced! Average of 13 days on market before accepting an offer. The median sold price jumped to $700k, most likely from a small sample size.

June 2021: 27 new listings but 53 went pending, with an average of 10 days on market, median sold price was $590k.

May 2021: 15 new listings but 29 went pending, with an average of 13 days on market, median sold price was $552k.

April 2021: 19 new listings but 27 went pending, average of 12 days on market, median sold price was $599k

March 2021: 18 new listings but 34 went pending, with an average of 19 days on market. The median sold price was $585k.

February 2021: 11 new listings but 19 went pending, with an average of 45 days on market . The median sold price was $527k.

Nevada City land: Creating Sustainable Living in Nevada County

One of our dreams after moving to Nevada County was to build a home on land in Nevada City and grow some of our own food. The vision was to work towards sustainable living by making green building choices for the home and applying permaculture principles to cultivating the land.

A few years ago we bought two and a half acres of raw land in Nevada City. At that time we couldn’t even walk anywhere on the property because it was covered in six foot tall blackberry brambles. I had hoped to write about the building process as it unfolded, but building a home was so much work that it didn’t leave me any spare time for blogging! John and I also have two young children as well as our real estate clients to support, so my intention of sharing the process of building a home in Nevada City didn’t quite happen. 

But what did happen is that we built an amazing home! Complete with 27 solar panels on the roof, thanks to Sustainable Energy Group. The solar offsets nearly all of our electricity use even though our home is 100% electric. It helps that our appliances are high efficiency options like a heat pump water heater and a mini split HVAC system that also uses heat pump technology. 

Building a home was a lot of work, but we survived, and we learned so much about the process. John is also a licensed general contractor, so we are very capable of advising our clients who are thinking of building a home in Nevada County. And now we are on to the next phase: creating a sustainable food forest here on our Nevada City land, which is much more relaxing!

We just mowed down a whole lot of brush (points for fire safety) and we are in the process of creating trails and plots for fruit trees, strawberries, blueberries, kiwi vines, and more! Our focus will be on perennials so that the gardens can mature over the years. We will also grow numerous species of herbs and flowering plants to support the pollinator population and to make healing teas and tinctures.

If you dream of sustainable living in Nevada County, feel free to contact us to share your vision so that we can help you find the right property. There is a lot of land for sale in Nevada City, Grass Valley, and the surrounding area and we would love to help you explore your options and achieve your goals. 

Building a New Nevada City Home!

We are delighted to announce that we bought land in Nevada City and we will be building our future home. We are feeling honored and grateful to have over a couple acres close to town and the possibilities feel endless.

The land is lovely and about 40% of it was cleared a long time ago, so there is a nice sunny area to build a home. But that lovely greenish ground cover you see here is about an acre of 6 foot high blackberries:

Nevada City land

John and I spent lots of time thinking about the best way to clear the blackberries without causing much harm to the land. Our ideal choice would be a herd of goats, but we do not have water on site yet and we were pressed for time, as the septic engineer needs to be able to walk onto the property asap. Walking was not possible, as you can see from this picture showing a truck parked in the brambles:

Nevada City land

We decided to hire a local fellow with a brush mower attached to the back of his tractor. Thank you Lyn from A1 Tractor, for braving the weather and getting so much done in one morning!

Clearing blackberries from Nevada County land

Sadly, the blackberries proved to be a formidable opponent for even the Kubota, which ended up getting a flat tire after a couple hours of driving over the brambles. But quite a bit of blackberry was mowed, and we got to see the ground for the first time on our land. The mulched brambles look brown, but the soil underneath is dark and fluffy!

Nevada City land

We can now move ahead to the next steps . . . figuring out the site plan, the septic, and the well!

Developing raw land is a new adventure for us. Over the last few years we renovated several Nevada County homes. Some were major fixers—distressed properties in need of extensive repair, while others were Nevada City homes that just needed some upgrading. Each property had its unique challenges, but by the time the work was done they were all comfortable, clean, and ready to be someone’s home once again.

We are going to apply the skills we learned from renovating fixer homes to building our new Nevada City home. Although we know there will be lots of unexpected puzzles to solve, we look forward to the process of building a home in these beautiful mountains. We will be sharing some of our adventures here on our website (and our Facebook page) so please check back soon to see our progress!