The 2010 real estate year at Lake of the Pines was difficult in several regards.
Here’s the snapshot of the year, data provided by Nevada County Association of Realtors. It’s important to note that Lake of the Pines actually has two classes of homes: (1) lake front homes and (2) everything else.
Total Number of Homes Sold Non-Lakefront Homes Sold Lakefront Homes Sold
65 57 8
Average Days on the Market 95 143
Average Listing Price $295,423 $850,937
Average Selling Price $279,970 $783,478
Percent Sold Price/List Price 95% 92%
Price Per Square Foot $149 $288
Among the 68 homes currently for sale, 21 of them are “distressed” sales, either short sales or foreclosures. That computes to 32%. These distressed homes are typically priced below the list price of conventional sales.
Total Number of Homes for Sale Non Lakefront Homes Lakefront Homes
68 56 12
High Price for Sale $670,000 $2,250,000
Low Price for Sale $107,000 $624,900
Average Price for Sale $290,480 $1,020,900*
Average Days on the Market 143 189
Price Per Square Foot $145 $329*
*Note that this figure is skewed by one home that is for sale at $2,250,000. This one home is $1,229,100 above the average lakefront home price of $1,020,900. Also note that without this one home, the average list price for lakefront homes would be $909,163 with an average price per square foot of $317.
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