New Construction in Nevada County
Do you hear the sounds of nail guns and skill saws at 7:00 AM every morning? If it’s not your neighbor working on their birdhouse collection, it may a new home being built. With affordable housing in high demand, these construction noises might be welcome! Lets take a look at some of the new housing projects in Nevada County.
Ridge Meadows is a subdivision located off Ridge Rd in Grass Valley. It consists of 37 homes from Homes by Town that were constructed in 2017-2018. Ridge Meadows sold out of their new inventory in late 2018. Their 3 plans range from 1,730 -2,118 sq ft with lot sizes ranging from 6,000 -13,000 sq ft. Prices in Ridge Meadows ranged from $435,000 - $560,000 with an average sales price of $479,618.
Timberwood Estates is a brand new community of 45 homes in the Brunswick Basin. Timberwood Estates is built by Hilbers Homes and offers 3 floor plans ranging from 1,804 - 2,224 sq ft. Lots are approx 6,000 - 12,000 sq ft. New homes are for sale right now in Timberwood Estates. Pricing was not available on the builder’s website (Link Here). For more information contact Hilbers New Home Communities 530-923-7863 or admin@hilbershomes.com.
Berriman Ranch is the second project from Homes By Town located in the City of Grass Valley. It’s located off McKnight Way behind the McKnight Crossing shopping center near the Pine Creek Center. The project consists of 30 single family homes with 4 floor plans. Homes range from 1,579 - 2,491 sq ft with base prices ranging from $440,500 - $488,500. Contact Ed Meadows, Lead Sales Consultant, for more information (916) 262-8800. (Website Link).
Pello Lane, Nevada City
Pello Lane is a planned project of 11 two-story homes within the city of Nevada City located off W Broad St. There are 4 total floor plans, of which, 1 home has been completed and is for sale. Four of the homes will have a granny unit. The home currently completed is 1,555 sq ft and is listed for sale at $490,000. For more information contact Tiffni Hald with Intero Real Estate at 530-277-9926.
Semi-Custom and Custom Homes
There are several semi-custom and custom brand new homes offered for sale throughout Nevada County. A 1,989 sq ft semi-custom home in South County on a 4.64-acre parcel is listed for $599,000. A 3,788 sq ft custom home in Darkhorse with a view of Lake of the Pines is for sale for $969,900. At the top of the new construction market, there is a custom home built by Kirk McGuire on Banner Mountain in Nevada City. The 3,248 sq ft home is located on 1.98 acres and is listed at $1,125,000. Contact your favorite Realtor to view one of these semi-custom or custom homes.
Loma Rica Ranch
Loma Rica Ranch is a 452-acre mixed-use, large-scale development in the Brunswick Basin. The Creeks neighborhood is the first phase, which will consist of 174 single-family homes and 60 duplex/townhouses. Lots range from 2,700 - 8,500 sq ft. Prices are estimated to start in the high $300,000’s for duplex/townhomes and go up to the high $500,000 for single-family homes. Three other neighborhoods slated for development are the Farm, Lake, and Trailhead.
Whiting Meadows
Whiting meadows is a planned community of 50 manufactured homes located of Whiting Way in Grass Valley near S Auburn St. This community features customizable 2-3 bedroom homes starting at $300,000.
Dorsey Marketplace
A planned shopping center on Dorsey Drive near Hwy 49/20 is slated to have apartment units. This may help with the much needed affordable housing in Nevada County.
Final Thoughts
When it comes to brand new homes, there is a little something for everyone. With manufactured homes in the lower-priced end of the market to custom homes at the upper end, there are new homes in every budget. However, the new construction market seems to focus on the middle to upper end of the market in Nevada County. A $600,000 brand-new home with 20% down would result in a monthly payment of over $3,000. The new construction market does little to directly impact any affordable housing crunch the area may have, however, there can be a trickle-down effect. A family living in a $500,000 may want that new $600,000 home and decide to upgrade. Another family living in a $400,000 home may decide to upgrade to that newly vacated $500,000 home. A family in a $300,000 home may decide to buy that $400,000. That’s when we could see the market for “affordable” housing open up. This is housing Reganomics. However, this relies heavily on stable prices and stable employment for a long period of time.
Questions? Comments? Did I miss a project? Feel free to leave your comments below and I’ll get back to you!
