facebook tracking pixel Real estate sales strong in Nevada County despite challenges | TheUnion.com

Real estate sales strong in Nevada County despite challenges

Real estate sales in western Nevada County have remained strong during the coronavirus pandemic and have opened up opportunities for some people like photographers and videographers to provide virtual tours.
Elias Funez/efunez@theunion.com

Selling real estate during the government-mandated COVID-19 shutdown has been “a big learning curve,” realtor Teresa Dietrich acknowledged.

But she’s not really complaining.

“I think it’s a big thing that we have the ability to go out and show property,” Dietrich said. “It’s fantastic. Other counties are not able to do that at all, they can only show (properties) virtually.”

Nevada County real estate agents are being allowed to show properties in person, after they first show them virtually, and after potential buyers jump through some extra hoops, she explained.

Making sure listings display properties accurately has been vital, Dietrich said,

“A lot of areas don’t have good internet, so you have to figure out work-arounds,” she said. “It has made it much more important to get professional photography and virtual tours, so buyers can make sure it’s a fit before they come to the property.”

Agents now are requiring buyers to be pre-qualified to purchase a property and be willing to verify they have not been exposed to the coronavirus, Dietrich said, And anyone touring a property must wear gloves, masks and shoe coverings.

“There have been a lot of changes to the way we do business,” she said, adding, “We are seeing the elimination of the tire kickers.”

The new protocols do save agents and sellers a lot of time in the long run — but it means a lot of advance prep time is needed to show a property.

“It just adds another layer, and it is time consuming,” Dietrich said.

Nevada County is seeing some effects from the shutdown, largely driven by an exacerbated lack of inventory.

The beginning of 2020 was looking like a banner year, Dietrich said. Nevada County Realtors Association Executive Kathy Hinman agreed, saying the county had an “amazing” number of sales in January and February.

Sellers are hesitant to list right now, for a variety of reasons.

“If you have listings with sellers who are older or who have underlying health conditions, some of those have come off the market because it is too scary to have strangers in their house,” Dietrich said. “We are seeing some hold situations. … I think most sellers are of the mindset they will wait and see what happens.”

According to Dietrich and Hinman, that low inventory, and a pool of cash buyers, means Nevada County is not seeing much of a price drop in sales.

“A lot of people moving here are retired, or buying second homes, or self-employed,” Dietrich said. “We have a lot of cash transactions — people who worked hard, scrimped and saved, sold houses in the Bay Area a while ago and they can buy with cash. For those people, this is a really good market.”

On Tuesday, Dietrich said, there were 378 houses listed as actively for sale, with 143 homes under contract.

“So things are moving,” she said. “By my calculation, from March 20 (to now) we have closed 135 homes. That’s a significant amount of money — almost $65 million. That’s how important real estate is to our local economy. (And) all these people closing escrow and moving into new homes will be remodeling, upgrading, landscaping.”


Regional housing trust fund in the works for Nevada County

Nevada County looks to emphasize smaller units

No fears of housing density among planning officials

COVID-19 protocols strain Nevada County homeless shelter’s budget

Tenants, landlords arrange payment options during COVID-19 eviction ban

Patchwork of tenant protections intact for now

The high cost of homelessness in Nevada County

Nevada City collaborates with county and nonprofits to move campers off Sugarloaf Mountain

Nevada County housing market sees increased demand, limited inventory

‘I may have now but I might not tomorrow’: No uptick in Nevada County homelessness amid COVID-19, but future concerns linger

Nevada County graduates consider options in wake of COVID-19

Nevada County students receive more than $800,000 in scholarships

Graduating seniors in Nevada county weigh financial, academic concerns for college

Career education program adapts to meet needs of students

‘I just want to play’: Players, coaches, ADs and officials eye safe, speedy return of high school sports

‘Should I jump into a career?’ Many questions remain for students, teachers and administrators as the future draws nearer

Nevada County middle schoolers, high school underclassmen unsure what to expect next year

Support systems for Nevada County teens go virtual during pandemic

Sierra College summer enrollment not slowing

‘The best they could’: Nevada County Superintendent of Schools reflects on the school year, ponders what’s to come this fall

‘I can’t see the bottom now’: Administrators consider where and whether to make layoffs amid revenue shortage

‘These kids want to ball’: Youth sports organizations grapple with tough decisions regarding COVID-19 safety

Hamstrung: Nevada County summer sports scene hit hard by COVID-19 pandemic

Nevada County theaters go dark for the year

Movie theaters struggle to cover rent, utilities in an industry that typically operates with narrow profit margin

‘Planning for all of it’: Nevada City Film Festival moves online for this year’s event

Nevada County’s music festivals look to virtual events to build community, recoup finances

For Nevada County musicians, the show goes online

Nevada County artists adapt, host online galleries, concerts and workshops

Street fair cancellations in Nevada City, Grass Valley a huge economic hit

‘We are the recovery; we are essential’: Nevada County Arts Council survey reveals artists, art organizations are struggling

Who’s zooming whom? Creativity among Nevada County artists in the pandemic era

Nevada County Arts Council receives $112K Tahoe Truckee Excellence in Education grant for new project

Nevada County nonprofit funding in jeopardy

Nonprofits struggle to serve clients during pandemic shutdown

Nevada County animal rescue groups see surge in fosters, adoptions

Nevada County’s thrift stores move ahead with reopening

Possible postponement, cancellation of Nevada County Fair would negatively impact several Nevada County nonprofits

Local nonprofits feeling the effect of canceled, postponed fundraising events due to COVID-19

Feeding Nevada County: Effort to help those hungry bolstered by partnerships between nonprofits (VIDEO)

Nevada County youth organizations adjust to public health requirements

Volunteer work faces changes at Nevada County nonprofits amid restrictions

‘Do you have reserves?’ Still much uncertainty over how nonprofits will fare in coming months, years

Government business continues in isolation during COVID-19 pandemic

Nevada County, cities collaborate to reopen safely

Wildfire prep in Nevada County continues virtually during pandemic

‘This is why we signed up’: Librarian, homeless shelter manager continue working during pandemic

Financial aid offers much-needed relief in western Nevada County for those who can get it

Grass Valley trims staff in response to COVID-19 shutdown

Nevada County: Staffing, service reductions not yet needed

Nevada County property tax on par despite pandemic

Nevada County health workers say they currently have sufficient supply of personal protective equipment

Hospice of the Foothills continues providing end-of-life care during COVID-19 crisis

Senior care facilities on lockdown during COVID-19 pandemic

Residents of Nevada County senior living communities staying connected

‘Continue to plan and prepare’: Hospital analyzes finances, anticipates federal funding to ensure financial stability

Nurses in Nevada County and the region talk about why they love their jobs

Nevada County not planning to release more detailed COVID-19 case data

Officials: Testing is key in calls to reopen in Nevada County, across California

Nevada County doctors change approach to providing care due to COVID-19

The trifecta: Public health experts recommend testing, contact tracing and supported isolation to phase into a reopened world

Investigating the impact: Lack of revenue, uncertain return date causes concern for arts and entertainment venues

Impacts of Idaho-Maryland mine to be revealed soon

Nevada County artists discuss how COVID-19 shutdown has affected them

‘The arts are essential’: Center for the Arts launches emergency relief fund

Real estate sales strong in Nevada County despite challenges

No slowdown seen in Nevada County construction industry despite COVID-19 lockdown

Nevada County government, home improvement and real estate representatives talk business during COVID-19

‘I’d like to place an order’: In light of COVID-19, the demand for home delivery services in Nevada County is at an all-time high

Grass Valley, Nevada City first to feel COVID-19 economic hit

See you soon? Small business owners struggle, but are hopeful for a brighter tomorrow in Nevada County

Nevada County businesses struggle navigating economic relief

Nevada County health care providers pivot on financial tight rope

‘A sudden and dramatic downturn’: Nevada County economy will be hurt for longtime following coronavirus slowdown, expert says

‘A recession, let alone a depression’: Western Nevada County businesses apply for federal loans, but most have yet to receive money

Nevada County businesses, governments, nonprofits navigate uncertain times, worry what’s ahead




Coronavirus Guidance for Businesses/Employers

Nevada County Relief Fund for Covid-19

Contact reporter Liz Kellar at 530-477-4236 or by email at lizk@theunion.com.

More Like This, Tap A Topic

Nevada County Police Blotter

11:46 a.m. – A caller from Mill Street reported a male subject walking alone carrying a machete. He was swinging around the machete, but not in a threatening manner.

See more

Support Local Journalism

Support Local Journalism

Readers around Grass Valley and Nevada County make The Union’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Your donation will help us continue to cover COVID-19 and our other vital local news.