What’s the Scoop on the Housing Market?
Nicole Spencer • May 26, 2022
Have you been thinking about building an ADU on your property?
Since 2020, the housing market has been more interesting then ever. Demand has been very high and supply has been very low; pushing home prices up at record rates. However, we are now starting to see some supply normalcy with the economic, stock market and interest rate fluctuations. Spring and Summer 2022 has seen an increase in inventory, which provides buyers with more housing options to choose from. The result is a much slower increase in home prices, fewer multiple offer situations and homes selling for over asking.
Where are we now:
- Its taking slightly longer to sell, but still faster than the historical average of 30 days or so.
- Buyers are more sensitive to price and some buyers have backed off due to declining affordability.
- Some buyers that were going to purchase by selling their stocks, have backed off.
- Buyers have more power than they have in the recent past and as such sellers need to be prepared to negotiate (they aren’t entirely in the drivers seat any more).
- Sellers that are priced high are doing price reductions to attract buyers.
Click here for a Market Report on a specific city like Auburn, Rocklin, Meadow Vista. These reports will provide you with current inventory numbers, median price, days on market, etc.
If you are looking to purchase or sell a home in the Sierra Foothills of Placer and Nevada County, contact me. I would be honored to help you.
Are you looking for Auburn homes for sale? Here are 100 reasons to love Placer County, one of California’s safest regions, with Nicole Spencer Homes.
Learn why setting up a trust is crucial for your real estate investments from Auburn, CA’s top realtor, Nicole Spencer.
Gated communities offer a sense of community, safety and privacy and are hence very desirable. Communities often vary around hobbies such as golf, equestrian, age 55 and over and lake communities. If you are looking for a gated community in the Auburn, Roseville, Granite Bay, Lincoln and greater Placer county area, look no further. As your local real estate expert, I have included details and links below to a variety of gated communities in the area and am available to answer any of your questions.
Placer and Nevada County offers a plethora of horse properties for all horse riding disciplines. Located in the Sierra Foothills, between Sacramento and North Lake Tahoe the terrain varies between flat to gentle rolling hills with little to no trees to more sloped properties with more trees, at the higher elevations. There are many horse properties that come on the market, some with barns and arenas and others with just fencing and an open pallet to build what you desire. While there is enough rain to typically provide green grass 5-8 months of the year, it may be important to you that the property provides irrigation water. Irrigation water in Placer and Nevada Counties are provided by the Nevada Irrigation District (NID) or Placer County Water Agency (PCWA). Not all properties have access to this water, so if it is important to have year-round irrigated pastures, let your Realtor know. Prices range from approx. $550,000 to multi-millions. There are a few communities that offer riding trails, maintained by the HOA – like Sierra Foothill Estates and the Rancho’s in Auburn or Auburn Lake Trails in Cool. A savvy horse rider & Realtor can look for properties that back up to public horse riding trails so that you have easy access. These may include parks like Hidden Falls, Empire Mine, Folsom Lake or the Canyon or a private place that only a trail rider will know about.
Have you been thinking about building an ADU on your property?
Title insurance is a safety net to protect your property after purchasing, from any financial claims that may be unknown at the time of closing escrow. Below are examples of some of the instances that title insurance will protect you.
Here are seven reasons why Auburn is a great place to live:
Winchester Country Club is a private course that was twice rated as one of America’s best residential golf courses by Golfweek. Co-designed by Robert Trent Jones, Sr. and Jr. the challenging course takes approximately 4 hours to play. Winchester Country Club is a premier luxury home and golf community, offering the amenities and atmosphere of a scenic retreat for year-round resort-like living. The design and location of this community beautifully blend together an award-winning clubhouse and generously spaced luxury homes with views, pines and oaks – above the fog and below the snow. Located only 5 minutes off of highway 80, Auburn is approximately 5 minutes down the hill with high end shopping at the Galleria mall about 30 minutes from the community. Residents can enjoy a day trip to Lake Tahoe in about one hour, to San Francisco in about two hours, or simply enjoy all the social activities right at home in Winchester. Homeowner amenities include a junior Olympic swimming pool, tennis courts, bocce ball, pickleball and owner’s clubhouse, and over 4 miles of walking trails. Golf club amenities include bar, fine dining, and 2 fitness centers.
The par 72 Darkhorse Golf course features magnificent elevation changes and was sculptured to fit the natural landscape of the area. Riding on the cart path is like riding through a nature preserve with the abundance of wildlife. It is rated in California’s top 10 by GolfWeek Magazine and recognized as an outstanding affordable golf experience. The community of Darkhorse is located 15 miles from I80, midway between the historic towns of Auburn and Grass Valley. Residents enjoy lots of great local shopping and dining or the Galleria mall for shopping, within 45 minutes. San Francisco in less than 2 ½ hours and Lake Tahoe is about 1 hour. If you like to golf, you will love living in Darkhorse.
