Home Price in Three Different Foothill Regions
Threse three regions of the Sierra Nevada foothills, Yuba City, Grass Valley, and Truckee, show how much a home price can vary depending on location.
You can pay 1/3rd more for a home located in Grass Valley/Nevada City than for the same size house, a half-hour away, in Marysville/Yuba City.
Similarly, home price in the upper area of the mountains,near the international resort destination of Truckee are about 1/3rd higher than homes located in Grass Valley.
Thus, a home price of $200,000 in Marysville/Yuba City might sell for as much as $600,000 in certain areas of the Truckee / Martis Valley region.
Therefore, location alone can make an enormous difference, all within a one hour drive.
Have you been to Truckee lately? Have you seen what has happened to the downtown? It feels like an opulent urban boutique promenade. The region is at a crossroads where high-income urban dwellers come on the way to recreation.
GRASS VALLEY/NEVADA CITY
This area is twenty miles removed from the Interstate 80 corridor that ties Truckee to the Bay Area. Price reflects the fact that this region is not as much of a crossroads. Yet, it is located convenient to all Northern California and is in demand.
MARYSVILLE / YUBA CITY
The region, closest to the valley floor, is less of a tourist / retirement community, and more of an agricultural hub. Income is lower, on average, and therefore so are housing prices.
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