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More People Priced Out For Buying Homes Here

It’s more and more a seller’s home market in Nevada County this summer, but affordability continues to drop. Local real estate expert, Greg Bulanti, says the median price jumped 50-thousand dollars, from May to June, to 450-thousand dollars. It was 379-thousand dollars in June of last year. There were 100 more listings in June, compared to a year ago, although the supply is about the same. Bulanti says five more units sold, compared to last year, at 161. But only 60 sold for under 400-thousand dollars, compared to 83 in 2017. And 25 sold for over 700-thousand dollars, compared to just 11 a year ago….

click to listen to Greg Bulanti

Bulanti says the healthy seller’s market is being driven by skyrocketing Bay Area prices. He says San Francisco’s median price in June was around one-point-six million dollars, although it was also about the same in May…

click to listen to Greg Bulanti

Bulanti says a lot of Nevada County’s homes are being sold to people priced out in the Bay Area, as well as Southern California.

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