Vacation Homes - Focus on Grizzly Flats
Grizzly Flats, a mining town for gold back in 1852 is now a peaceful town at about 4000 feet above sea level (Yes, there will be snow!) and just under 800 people. If you want a place to get away from it all, Grizzly Flats might just be it. About an hour and a half drive from Sacramento - all uphill - it makes a great escape and beautiful white Christmases.
The real estate market in Grizzly Flats seems pretty resistant to a fall in prices this year, although sales have slowed. Last year 40 homes sold for a median price of $280,000. They were on the market an average of 74 days.
This year, so far only 23 homes have sold and 2 more are pending sale. But the median price has jumped from $280,000 to $297,500 - an increase of 6.25% Not bad in this market! What’s more, the average days on market went down to 60 days from last year’s 74!
There are currently 45 homes for sale between $169,000 and $550,000.
