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Saturday, July 26, 2014

Nevada County Real Estate Market Update for Summer 2014


There are many great Grass Valley area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (530) 273-0073 for a FREE home buying or selling consultation to answer any of your real estate questions.

We have made it to the midpoint of the year in 2014, making now a perfect time for another market update. Here are some important numbers to pay attention to:
  • In the first 6 months of 2014, the average sales price has increased 5.5% to $325,000. This is equal to the average sales price from before the crash in 2008. We are still well off the all-time high in terms of average. It's unlikely we will see an average sales price of $474,000 again, at least in this particular market appreciation cycle
  • Sales remain strong with a virtually identical number of sales in 2014 as compared to 2013.
  • Overall, the market is strong. Appreciation rates are at a healthy and sustainable level, and interest rates are quite low.
If you have any questions about the market, or if you are interested in getting a free valuation for your home, please give us a call. We would be more than happy to assist you with whatever you need.

Monday, June 2, 2014

6 common pitfalls for home sellers



There are many great Grass Valley area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (530) 273-0073 for a FREE home buying or selling consultation to answer any of your real estate questions.

Everyone’s main objective when putting their home on the market is to sell it as quickly as possible and for the highest possible amount. It doesn’t always work out this way because homeowners make simple mistakes that hinder their home’s market value. I want to share with you today a list that I have come up with of 6 common home selling mistakes that sellers make. All of these mistakes are totally avoidable and fixing them could be the key to your home selling quickly.

1. Overpricing
  • Trying to maximize the profits on your home sale is not always the answer. There is a very fine line between what is determined as overpricing for your home’s listing and what is deemed a fair price. Overpricing can take a home and immediately ruin its chances of being sold.
2. Inability to Show the Home
  • It is of utmost importance to make your home as accessible as possible to both your agent and prospective buyers. Each showing of your house greatly increases the chances of your home being sold.
3. Decluttering and Depersonalizing
  • Organizing your house into a neutral setting is also key for getting prospective buyers interested. It is important for the prospective buyer to see themselves living in the home and can visualize adding their own flair to the living space.
4. Unpleasant Odors
  • Each home has its own distinct scent. If you have been living in your home for more than a few months, you probably don’t smell it, but others do. Having a pleasant, inviting aroma in your home will make potential buyers more comfortable in any setting and put them in a better mood.
5. Negotiability
  • You most likely will not be selling your home for your initial asking price. Buyers want to feel like they got a deal on a home, so the ability to negotiate a price comes into play.
6.Unwillingness to Make Repairs
  • While it is not expected of you to make every single thing in your house perfect, fixing things like plumbing leaks, electrical hazards, and broken windows will put potential buyers more at ease with purchasing your home.


If you would like to learn about some more common mistakes, or are in the market for buying or selling a home in Nevada County, please contact me at kurt@kurtcongdon.com or at (530) 273-0073. 

Tuesday, May 13, 2014

Beautiful Craftsman Estate Available in Nevada City



There are many great Grass Valley area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (530) 273-0073 for a FREE home buying or selling consultation to answer any of your real estate questions.

Beautiful Craftsman Estate Available in Nevada City
If you're looking to find a great home at a fabulous price, then look no further. This home is Craftsman-style built in 2000 with 3 bedrooms and 4 bathrooms, and has over 3,700 sq. feet.  It is also situated on a 7-acre lot. Every aspect of its build was highly considered and it is an absolutely gorgeous home. This property features high ceilings, heated wood floors, and lots of natural light. There is a large fireplace with a spot to store extra wood, and this makes the living room all the more inviting and cozy.

The kitchen features cherry cabinets and a large granite island to accommodate all of your cooking and entertaining needs. There is also a cozy breakfast nook attached to the kitchen that makes the perfect place for a family meal or a romantic dinner.

The sublime master suite, with a private seating area, leads into the resort-style bathroom. The bathroom features marble flooring and a marble double vanity, and there is also a steam shower and soaker tub under a moon window looking into a private garden.

The upstairs family room and office lead into a guest bedroom with a pullout bed for added storage.

The beautifully manicured 7-acre lot showcases ponds, multiple patios, and outdoor lighting. There is also an oversized 3-car garage that houses a workshop with a bathroom that could easily be converted into a guest room.

This home is nestled into the Sierra Nevada Mountains and will delight any buyer looking for a beautiful home in a pristine natural setting.

If you are interested in this property or other Nevada City properties, then please do not hesitate to contact me. I am always willing to sit down with you and discuss your needs
.

Wednesday, April 16, 2014

It's a Great Time to Sell in Nevada City, Grass Valley, and Penn Valley



There are many great Grass Valley area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (530) 273-0073 for a FREE home buying or selling consultation to answer any of your real estate questions.

Spring 2014 Real Estate Market Update for Nevada County
I'm going to take this opportunity to give you an update for the 1st quarter of 2014. I'll be focusing my review on Nevada City, Grass Valley, and Penn Valley. 
  • There were 248 sales in the first quarter compared to 285 sales in the first quarter of 2013, so sales are down.
    • The silver lining here is that the average sales price has risen.  
    • Average sales price for this quarter is $345,000, which is a 12% increase from last year.
  • We have an inventory of 455 homes, and an additional 146 homes in Escrow today. 
    • Bottom line is that inventory is very low, and is sitting right around 2.5 months' worth of homes.
  • If you're thinking of selling, there absolutely could not be a better time to do so.
    • With inventory so low, you will sell fast and for top dollar.  
    • If you're unsure about selling, you'll probably be surprised at how much your home is worth, so contact me or utilize our free home value tool. 
If you would like to sell, I would urge you to contact me and we can plan some ways to maximize the value of your home, as well as come up with a road map for getting it sold in a timely fashion. 

Feel free to call me at (530) 273-0073 or email me at kurt@kurtcongdon.com

Friday, February 21, 2014

11 Expert Real Estate Predictions that Point to a Fantastic 2014


There are many great Grass Valley area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (530) 273-0073 for a FREE home buying or selling consultation to answer any of your real estate questions.

This past weekend I went to a real estate retreat where the top real estate expert in North America shared with me some things he expected to see in 2014. In total, he gave me eleven points in his forecast and I'm going to share them with you now:
  1. Home prices will continue to rise, bringing a certain amount of normalcy back into the market.
  2. Interest rates will remain low, so buyers will see both great prices and great rates.
  3. Inventory will also remain low, which will bring better prices because of increased demand.
  4. New Home starts will go up 15-20% in the United States.
  5. The real estate market will stabilize for the first time in 6-7 years as supply & demand balance out.
  6. Realistic pricing will generate multiple offers on appropriately priced properties.
  7. This new-found confidence in real estate will motivate buyers and sellers.
  8. Home sales are expected to rise by 3-5% throughout the nation.
  9. New Lending Policies will be put in place to help prevent the relapse seen in 2006.
  10. Homeowners will continue to build equity.
  11. Fewer 'under water' properties will translate to more equity for homeowners. This will create a move-up and a move-down market.
There you have it. The eleven expert predictions for real estate in North America for 2014. The great thing about all of these predictions is that they're all good news!

Contact me if you're ready to take advantage of the best market that we've seen in eight years. I can be reached at (530) 273-0073 or you can reach me by email at kurt@kurtcongdon.com


Thursday, January 9, 2014

How Will the Trends of 2013 Affect You in the New Year?



Happy New Year! It's 2014: are you wondering where the real estate market is headed? Where will interest rates go? Will the average housing price change? Before we launch head first into a forecast of the future, let's take a look back at 2013, and see how those trends will affect us going forward.

As you may know, we had historically low inventory numbers in 2013, and this led to a big 24% rise in appreciation. Nevada County also had 1,500 sales which is comparable to our peak in 2006. So what does this have to do with 2014? There are buyers on the market now and we have low inventory. In fact, right now inventory is at 363 homes. Take advantage of a seller’s market and sell now. There may be more buyers in the spring, but the buyers looking right now have a lot less options. And less competition will give you a higher return.

If you or anyone you know is thinking about selling, give me call at 530.273.0073 or send me an email at kurt@kurtcongdon.com Let’s talk about what your home is worth and how we can get it on the market now!

Wednesday, November 6, 2013

Market Update November 2013



Welcome back to my video blog! Today I wanted to give you an update on what’s happening in our market.

If we look at the end of the third quarter of 2013, we saw property values had increased by 20 percent from 2012. Homeowners all benefited from the appreciating market. 

Right now there are 470 homes on the market. This time last year there were about 600-650 homes listed. That means there are 200 fewer homes in inventory. 

In the past 30 days, from Oct. 6 – Nov. 6, 93 new homes came on the market, 100 homes went into escrow and 106 closed escrow. With that information, we calculate we have about a 4.5 month absorption rate. That means if no new homes came on the market, the entire current inventory would be sold in 4.5 months. 

With such a low inventory, we can expect little selection in the spring. If you are thinking about buy, now is the time. Give me a call so I can help you get into your new home for a great price.

Thanks for watching!