Local winter house sales move up slightly | TheUnion.com
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Local winter house sales move up slightly

Nevada County house sales bucked the state’s downward trend for February, with a slight increase in sales over January, according to a report released this week.

A total of 81 house and condominium sales were recorded at the county Recorder’s office in February, compared to 73 in January, according to the real estate tracking firm DataQuick Information Systems, based in San Diego.

Statewide, however, the number of new and resale transactions declined for the fifth straight month February.



In all of California, 37,900 new and resale houses and condominiums were sold last months, a 9.3 percent decline from 41,800 in February 2005. That’s 1 percent lower than January sales, DataQuick reported.

Sales typically are slower in the winter months, and it’s difficult to predict any trends from winter sales information.




Nevertheless, the statewide figures appear to reflect growing pressure on stubborn sellers to dial back prices to lure increasingly tentative buyers, The Associated Press reported.

“What I’m seeing is both buyers and sellers digging their heels, buyers saying, ‘I’m not ready to buy’ and sellers going ‘I’m not going to lower the price,” said David Kerr, a Bay Area real estate agent with Emeryville-based ZipRealty Inc.


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