July Local Real Estate Market Report
Take a look at the statistics from July’s market activity in Plumas County!
Here’s a quote from our 2020 C.A.R. President Jeanne Radsick and our SVP & Chief Economist, Leslie Appleton-Young which pretty much sum it all up:
“A housing market trifecta of strong pent-up demand, record-low interest rates and a renewed interest in the value of homeownership bolstered July’s home sales. With this year’s delayed start of the homebuying season due to the pandemic, we expect home sales to remain robust in August and September, extending the season later than what’s typical.” – Jeanne Radsick
“Stronger sales of higher-priced properties continue to propel the statewide median home price, as those who tend to purchase more expensive homes are less impacted by the economic recession. High demand in resort communities is another variable that’s fueling the increase in home prices, as a new wave of remote workers are leaving cities in search of more space and a healthier lifestyle in what used to be the second/vacation home market.” – Leslie Appleton-Young