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Wednesday, January 1, 2014

Grass Valley Home Prices & Values

Grass Valley Home Prices & Values

The median home value in Grass Valley is $280,300. Grass Valley home values have gone up 21.6% over the past year. The median list price per square foot in Grass Valley is $198, which is lower than the Truckee Metro average of $211. The median price of homes currently listed in Grass Valley is $379,000 while the median price of homes that sold is $260,050.
      
Foreclosures will be a factor impacting home values in the next several years. In Grass Valley 3.2 homes are foreclosed (per 10,000). This is lower than the national value of 5.1
 
Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Grass Valley is 4.9%, which is lower than the national value of 8.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Grass Valley homeowners underwater on their mortgage is 20.5%.
 
 
Grass Valley Zillow Home Value Index

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