Archive for the 'Neighborhood Profiles' Category

Magnolia Middle School

said on October 11th, 2017 filed under: Localism, Neighborhood Profiles

 

 

Magnolia teaches kids in sixth through eighth grade near Lake of the Pines. They have all sorts of sports programs, including Flag Football, Basketball, Volleyball, Cross Country and Track and Field. They might also have the best electives in the area, cause these guys have robotics and woodworking both. That’s crazy. I want to play with robots.

 

 

The kids also produce their own yearbooks, taking all pictures, writing copy, and setting the entire 50 page full color creature up themselves. They do their own newscast, the Magnolia Minute, which lasts closer to five, they participate in award winning bands and choirs, and the sixth graders go to an extended coastal and environmental studies science camp/ field trip to the Sonoma County coast and the redwoods each year.

Seriously though, that robotics class. How do I sign up?

 

 

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THE NUMBER ONE BEST PLACE TO LIVE IN THE WESTERN STATES?

said on March 15th, 2017 filed under: Neighborhood Profiles, Nevada City

Sunset Magazine (February 2017) ranked Nevada City, California the NUMBER ONE BEST PLACE TO LIVE IN THE WESTERN STATES!

Nevada City

Here is a reprint of the article by Christine Ryan:

WHERE THE SUMMER OF LOVE NEVER ENDED

“Ask Matthew Ticciati to describe his first Halloween after moving to Nevada City in the Sierra Foothills, and at first you get the happy clichés of rural life:  the whole town dressing up, every porch lit with a jack-o-lantern, the neighbor who gives out 2,500 pieces of candy.  But then the clichés stop.  ‘The best costume?  A kid who came as No Face from the Japanimation classic Spirited Away.  That was pretty great,’ he says.  Lots of Gold Country towns have quaint main streets and affordable Victorians like the one Ticciati and his wife are fixing up—but fellow parents who would dress up their 10-year-old as a Hayao Miyazaki character?  That takes a certain artsy sensibility, which is exactly what’s luring big-city escapees like the Ticciatis to Nevada City.  It also doesn’t hurt that the alt-folk musician Joanna Newsome hails, famously, from here.

That counterculture dates back to the 1960s, when young back-to-the-landers drifted away from the Bay Area to colonize a half-empty logging town.  Today, those hippies have become the establishment, and the town they rescued boasts a 150-year-old brick theater stat still stages live plays and dance performances; a foundry turned venue that books the likes of John Doe and Bonnie Prince Billy; not one but two annual film festivals; and a charter K-8 school dedicated to the arts.  Because when it comes to a solid grounding in Japanese cinema, you’ve got to start them young.”

If you want to live in Nevada City, California, call CJ at 530-906-1023

Click here for more tidbits about Nevada City

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Lake of the Pines High School – Auburn, Ca Bear River High

said on May 6th, 2013 filed under: Auburn, Lake of the Pines, Localism, Neighborhood Profiles, Real Estate Nuts and Bolts

Lake of the Pines High School – Auburn, Ca Bear River High School is located near the community of Lake of the Pines at 11130 Magnolia Road Grass Valley, CA 95949 (530) 268-3700. continue reading…

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Lake of the Pines Middle School – Auburn, Ca Magnolia Intermediate

said on May 3rd, 2013 filed under: Auburn, Lake of the Pines, Localism, Neighborhood Profiles, Real Estate Nuts and Bolts

Lake of the Pines Middle School – Auburn, Ca Magnolia Intermediate School has enjoyed serving students in the Sierra Foothills since 1975.  They currently have about 620 students in grades 6-8.  Located between Grass Valley and Auburn near the community of Lake of the Pines, they are nestled among the beautiful trees and blue skies. They are in the Pleasant Ridge Union School District, their physical address is: 22431 Kingston Lane Grass Valley, CA 95949 Phone: 530.268.2815. continue reading…

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Lake of the Pines Elementary School – Auburn, Ca. Cottage Hill Elementary

said on May 2nd, 2013 filed under: Auburn, Lake of the Pines, Localism, Neighborhood Profiles, Real Estate Nuts and Bolts

Lake of the Pines Elementary School – Auburn, Ca. Cottage Hill Elementary School is located near the community of Lake of the Pines. They serve approximately 550 students in grades Kindergarten through Fifth. They are in the Pleasant Ridge Union School District, their physical address is: 22600 Kingston Lane Grass Valley, CA 95949 Phone: 530.268.2808 continue reading…

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McCourtney Transfer Station Correction

said on August 21st, 2012 filed under: Grass Valley, Neighborhood Profiles, Whimsy

The McCourtney Transfer Station

Last week I reported incorrectly the hours of operation. 

“Hours:  8 am to 3:00 pm every day of the week.  I thought McCourtney was closed on Monday and Tuesday, but I am looking at the new brochure and it plainly says, “every day.”

I was right the first time.  Drove out there today, Tuesday, and the dump was closed.  The sign on the gate says plainly that it is open “5 days a week, Wednesday through Sunday.”

The McCourtney Transfer Station brochure is incorrect.

Closed MONDAY and TUESDAY!

Maybe I saved you a useless trip.  You would have been mad at me, I bet.

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Lake of the Pines Real Estate. How Are We Doing? Summary

said on May 23rd, 2012 filed under: Lake of the Pines, Localism, Neighborhood Profiles, Real Estate Nuts and Bolts

There are about 2,000 homes at Lake of the Pines.

159 Lake of the Pines homes sold during the past two years (May,2010-May,2012).  That’s about 4% per year.

 

(1) APPLES TO APPLES

Sales of “average” homes during the past two years

About the same number of “average” homes (43 to 46) sold this year as in the previous year, but sold 25 days  faster.

Prices of “average” homes have risen slightly, about 6%, (comparing the median of $224,000 in 2010-2011 with the median of $239,900 in 2011-2012).

Prices of “average” homes have risen slightly, about 3% (comparing the average of $241,992 in 2010-2011 with the average of $248,931 in 2011-2012).

Prices of “average” homes are almost identical (comparing price per square foot  ($130 to $129).

SUMMARY

Prices of “average”  homes sold at Lake of the Pines have been relatively unchanged from the previous year through this year.

 

 (2) THE WHOLE FRUIT BASKET

About the same “total” number of homes sold this year (81)  as in the previous year (78), but sold 24 days  faster (101 days on the market to 125).

Prices have risen slightly, about 3%, (comparing the median of $231,500 in 2010-2011 with the median of $239,500 in 2011-2012).

But . . .

Prices have fallen slightly, about 4% (comparing the average of $303,652 in 2010-2011 with the average of $290,019 in 2011-2012).

Prices have fallen slightly, about 4% (comparing price per square foot  ($145 to $139).

SUMMARY

Sales of larger, more expensive, lakefront homes in 2010/2011 skewed the data, rendering contradictory results

 

(3) APPLES AND ORANGES

Lots of mixed results.

The number of distressed home sales in 2011/2012 (13) was 50% less than it was the previous year in 2010/2011 (26).  What happened to the “flood” of foreclosures?

The number of regular home sales in 2011/2012 (30) was 33% more than it was the previous year in 2010/2011 (20).

In 2010/2011 distressed properties were on the market longer than regular sales; in 2011/2012 distressed properties were on the market for a shorter time than regular sales.

Consistently, across all types of Lake of the Pines Properties, sellers are getting about 95% of their asking price.

Distressed properties sell for less money.  Using “price/square foot sold” as the basis of comparison, distressed homes sold for 21% less than regular sales in 2010/2011 and for 29% less in 2011/2012.

Fewer distressed homes sold this year than distressed homes sold last year, and for 14% less money.

More regular homes sold this year than last year, but for 4%  less money.

 

(4) THE FARMER’S MARKET–HOMES CURRENTLY FOR SALE

48                     total number of homes for sale at Lake of the Pines on May 21, 2012

REGULAR SALES

37                    number of regular homes for sale (no foreclosures)

$1,549,000     highest priced regular home for sale

$160,000        lowest priced regular home for sale

$452,541        average priced regular home for sale

$330,000        median priced regular home for sale

105                  average days on the market (and counting–from 5 DOM to 419 DOM)

$182                average price per square foot (asking price not sold price which will be lower)

DISTRESSED SALES (foreclosures and short sales–does not include back-up shortsales)

11                       number of foreclosures and short sales

$350,000         highest priced distressed home for sale at lake of the Pines

$135,900          lowest priced distressed home for sale at lake of the Pines

$238,780          average priced distressed home for sale at lake of the Pines

$244,000          median priced distressed home for sale at lake of the Pines

125                    average days on the market

$101                  average price per square foot

PENDING SALES

21                     number of pending sales at Lake of the Pines

78                     average days on the market when home went into contract

$272,966         average list price when home went into contract

$137                 average price per square foot  when home went into contract

BACKUP SHORT SALES

(Backup short sales are similar to pending sales, but the offered price has not yet been approved by the lender)

9                       number of current backup short sales

165                   average days on the market when home was submitted for short sale approval

$162,211          average list price when home was submitted for short sale approval

$110                average price per square foot when home was submitted for short sale approval

 

(5)  GOLDEN APPLES?  LAKEFRONTS

The number of lakefront homes sold rose from 9 to 13, or 31% in the past two years.

Based on average sold price, prices declined 19%

Based on median sold price, prices declined 15%.

Based on price per square foot, prices declined 14%

Lakefront home prices are not being dragged down by foreclosures and short sales.

ACTIVE MARKET, LAKEFRONT HOMES FOR SALE RIGHT NOW (May 22,2012)

Number of Lakefront homes for sale                   7

Highest price                                                    $1,549,000

Lowest price                                                        $799,000

Average price                                                    $1,076,142

Median price                                                       $998,000

Average days on market                                         235

Average price per square foot                              $312

Based on price per square foot, the prices lakefront homes sold at Lake of the Pines declined 14-15% during the past two years.

Based on price per square foot, current sellers are asking almost twice as much for their homes.

 

 

 

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Lake of the Pines Real Estate. How Are We Doing? Part 5

said on May 22nd, 2012 filed under: Lake of the Pines, Localism, Market Trends, Neighborhood Profiles, Real Estate Nuts and Bolts

GOLDEN APPLES?

This is the fifth of a five-part analysis of real estate at Lake of the Pines, California.   In this fifth analysis, we’re going  to examine the most expensive group of homes at Lake of the Pines, the “lakefronts.”

We will look first at the lakefronts that sold one year ago (May 23, 2010 through May 22, 2011) as compared to lakefronts that sold during the past 12 months (May 23, 2011 through May 22, 2012).  Then we will look at the lakefronts that are for sale right now, also called the “actives.”

                                                          5/23/10 thru 5/22/11           5/23/11 thru 5/122/12

Number of lakefronts sold                                9                                                   13

Highest price sold                                    $1,095,000                                      $915,000

Lowest price sold                                        $450,000                                      $400,000

Average price sold                                       $736,702                                      $598,576

Median price sold                                        $735,000                                     $625,000

Average  list price                                         $773,944                                    $637,107

%sold price/list price                                       95%                                               94%

Price/square foot listed                                 $258                                              $227

Price/square foot sold                                    $246                                              $212

Average days on market                                  172                                                161

 

ANALYSIS

The number of lakefront homes sold rose from 9 to 13, or 31%.  The sample, however,  is too small for this increase to be especially meaningful.   Better than a poke in the eye, but don’t get too excited, because . . .

Prices fell off a cliff.

Based on average sold price, prices declined 19%

Based on median sold price, prices declined 15%.

Based on price per square foot, prices declined 14%

No way to mince words, spin it in a positive way, squint at it through rose-colored glasses and make it look better.  The lakefront homes at Lake of the Pines are taking a royal beating at the real estate  marketplace.  No, it’s not that lakefront home prices are being dragged down by foreclosures and short sales.  In the first period, 2010/2011, there was only 1 distressed sale out of 9, and that one sold higher than the other 8  in price per square foot ($285  per square foot vs. the group average of $246 per square foot).  In the second period, there was only 1 distressed sale out of 13, and that property was only slightly below the group average ($202 per square foot vs. $212 per square foot).

No, don’t try to blame the decline on foreclosures and short sales.

Were lakefront homes wildly over-valued and still correcting?

Are buyers still too tight to spend on “luxury” homes?

 

ACTIVE MARKET, LAKEFRONT HOMES FOR SALE RIGHT NOW (May 22,2012) 

Number of Lakefront homes for sale                   7

Highest price                                                    $1,549,000

Lowest price                                                        $799,000

Average price                                                    $1,076,142

Median price                                                       $998,000

Average days on market                                         235

Average price per square foot                              $312

ANALYSIS

The price per quare foot of the homes on the market today ($312) is almost exactly twice the price per square foot of homes sold in the past 12 months ($161).  Yes, there is 1 home out of the 7 (the most expensive) that is pulling the price per square foot up a bit, but even taking that one out of the sample, the other 6 current actives are way above the average price per square foot of the sold homes.

SUMMARY

Based on price per square foot, lakefront homes at Lake of the Pines declined 14-15% during the past two years, and yet based on price per square foot, current sellers are asking almost twice as much for their homes.  Does this give you some idea why lakefront homes are a tough sell right now?

 

 

 

 

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Lake of the Pines Real Estate. How Are We Doing? Part 4

said on May 21st, 2012 filed under: Lake of the Pines, Localism, Neighborhood Profiles, Real Estate Nuts and Bolts

THE FARMER’S MARKET

This is the fourth of a five-part analysis of real estate at Lake of the Pines, California.   In this fourth analysis, we’re going  to market and see what is for sale right now (May 21, 2012) at Lake of the Pines.

TOTAL SALES

48                     total number of homes for sale at Lake of the Pines on May 21, 2012 as reported on Paragon MLS

47                     total number of homes for sale at Lake of the Pines on May 21, 2012 as reported on Metrolist MLS

REGULAR SALES

37                    number of regular homes for sale (no foreclosures)

$1,549,000     highest priced regular home for sale

$160,000        lowest priced regular home for sale

$452,541        average priced regular home for sale

$330,000        median priced regular home for sale

105                  average days on the market (and counting–from 5 DOM to 419 DOM)

$182                average price per square foot (asking price not sold price which will be lower)

 

DISTRESSED SALES (foreclosures and short sales–does not include back-up shortsales)

5                       number of foreclosures and short sales

$350,000         highest priced distressed home for sale at lake of the Pines

$135,900          lowest priced distressed home for sale at lake of the Pines

$238,780          average priced distress home for sale at lake of the Pines

$244,000          median priced distress home for sale at lake of the Pines

125                    average days on the market

$101                  average price per square foot

 

PENDING SALES

21                     number of pending sales at Lake of the Pines

78                     average days on the market when home went into contract

$272,966         average list price when home went into contract

$137                 average price per square foot  when home went into contract

 

BACKUP SHORT SALES

(Backup short sales are similar to pending sales, but the offered price has not yet been approved by the lender)

9                       number of current backup short sales

165                   average days on the market when home was submitted for short sale approval

$162,211          average list price when home was submitted for short sale approval

$110                average price per square foot when home was submitted for short sale approval

 

 

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Lake of the Pines Real Estate. How Are We Doing? Part 3

said on May 19th, 2012 filed under: Lake of the Pines, Localism, Neighborhood Profiles, Real Estate Nuts and Bolts

APPLES AND ORANGES

Do foreclosure and short sale homes (distressed) at Lake of the Pines sell for less than regular homes?

Of course they do.

How much less?  Let’s examine the “distressed homes” market in Lake of the Pines, California for two different periods:

May 19,2010 through May 18, 2011 compared to the period of May 19, 2011 through May 18, 2012.

I selected “average” houses between 1500 and 2500 square feet that sold during these two periods.

                                                     5/19/10 thru 5/18/11           5/19/11 thru 5/18/12        

Number of distressed sales                           26                                                    13

Number of regular sales                                 20                                                   30

Highest distressed sold                             $280,000                                      $325,000

Highest regular sold                                  $435,000                                      $405,000

Lowest distressed sold                                 $165,000                                      $73,000

Lowest regular sold                                    $150,000                                      $150,000

Average distressed sold                              $210,025                                      $184,446

Average regular sold                                   $283,550                                      $275,171

Median distressed sold                               $207,500                                      $169,900

Median regular sold                                    $289,000                                     $272,500

Average distressed list price                       $218,759                                      $196,192

Average regular list price                            $301,409                                    $290,341

%sold price/list price distressed                    96%                                               94%

%sold price/list price regular                         94%                                                95%

Price/square foot listed distressed               $122                                              $107

Price/square foot listed regular                    $157                                              $150

Price/square foot sold distressed                  $117                                               $101

Price/square foot sold regular                       $148                                              $142

Average days on market distressed                 136                                                85

Average days on market regular                      98                                                103

 

ANALYSIS

Lots of mixed results.

The number of distressed home sales in 2011/2012 (13) was 50% less than it was the previous year in 2010/2011 (26).  What happened to the “flood” of foreclosures?

The number of regular home sales in 2011/2012 (30) was 33% more than it was the previous year in 2010/2011 (20).

In 2010/2011 distressed properties were on the market longer than regular sales; in 2011/2012 distressed properties were on the market shorter than regular sales.  Go figure.

Consistently, across all types of Lake of the Pines Properties, sellers are getting about 95% of their asking price.  But this statistic is deceptive.  The original price (the price at which a home first came on the market) and the asking price (the price at which the home was for sale when an acceptable contract was negotiated) are often different.  Frequently the price has been reduced, sometimes more than once, so that the asking price is much lower than the original price.  When that happens, the %sold price/original price may be much less than 95%.

Distressed properties sell for less money.  How much less?  A lot less.  Distressed markets and regular markets are like two separate realities within the same town.  Using “price/square foot sold” as the basis of comparison, distressed homes sold for 21% less than regular sales in 2010/2011 and for 29% less in 2011/2012.

How did distressed sales fare from 2010/2011 to 2011/2012?  Again, using “price/square foot sold” as the basis of comparison, prices of “average sized” distressed properties declined 14% in 2011/2012.

How did regular sales fare from 2010.2011 to 2011/2012?  Prices of “average sized” regular homes declined slightly in 2011/2012, about 4%.

SUMMARY

Fewer distressed homes sold this year than last year, and for 14% less money.

More regular homes sold this year than last year, but for 4%  less money.

 

 

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