Question: Are Nevada County Housing Sales Recovering Like Placer?
04/07/2012 1 Comment
Russ Steele
I just heard a report on KCRA Ch-3 that Auburn housing sales are booming. From this report at the ERC web site it does not look like an boom in Nevada County though there is some positive movement.
http://ncerc.org/documents/AGENCYREPORTNCAOR_Mar2012.pdf
I would like an expert opinion, are sales booming or about to boom? If we are not participating in the boom why not? According to the KCRA report many of the buyers in Auburn are from the Bay Area. Are we seeing more sales to Bay Area buyers? Anybody have the answers?
About Russ Steele
Like elsewhere, what’s left on the market is short sales and after trying to do one, the best advice I can give you is don’t do one if you need the house. If the bank hasn’t approved the short sale, it may take 6 months to push the sale through and the price could change in the process. If it is a bank approved short sale, the house may only remain on the market a week or two. In my new neighborhood, I have seen about 8 houses being constructed in the last three months and the open section of land near by has a surveyor working on it for the last 3 days.