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Real Estate Market Off To Hot Start Here

Nevada County’s real estate market is off to a hot start for 2017. Realtors Association member, and past President, Greg Bullanti, says pending January home sales were up 28% from a year ago, at 114 units, with final sales up 44%, at 91 units. But, as always, inventory is low, dropping 16%, to 252 units. That’s the lowest in the last year and a half…

click to listen to Greg Bullanti

So, Bullanti says, that’s resulted in more people looking at the rental market, which is also expensive…

click to listen to Gerg Bullanti

Meanwhile, Bullanti says the average home sales price has climbed in the last year from $391,000 to $395,000, with the median price showing an even greater jump, from $350,000 to $363,000. But he says historically-low interest rates and more good-paying jobs continue to drive up demand.

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