It seems that the real estate market has picked up some this spring, however, it is still a buyers market in Nevada County and Placer County. The market in Placer County, depending on the city, may have picked up slightly more than Nevada County. If your thinking of purchasing in either County, this is still a good time to buy.
There are still some sellers who are "under water" because they bought during the early to mid-2000's or they refinanced beyond the value of the current market. Many sellers are still pricing their
homes higher than what they can realistically expect. Some sellers in this situation take there house off the market eventually, and others reduce their selling price to fit the current market.
If you are a seller you should: Ask for a written detailed comparison of homes matching your homes criteria, that have "sold", before accepting a value estimate from a realtor. (Make sure that realtor is familiar with the area.)
You should not expect your home to necessarily have the same sales value as a home with equal square footage and equal acreage. Many factors enter into the "sales" value of your home, such as, condition, updating, privacy, potential, cost to maintain, etc..
The median home price in most parts of Grass Valley, Nevada City and Auburn is about $350K.
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