THIS IS GOD'S COUNTRY
Valley's population is approxiamately 6,500 while about half are living in the majestic Lake Wildwood gated community.
The original homes of Penn Valley were built with plenty of land...
many single family homes in downtown Penn Valley have approximately
1-acre, and horses are allowed in town. The more rural residents have from 5 to 20 acres for each home. This is a true horse
lovers community. Even the mobile home park has a very open country feeling. There are two gas stations and several small business shops in the quaint downtown shopping center.
BUY-SELL-FINANCE ~~ Call us, we'll "
For More Information:
Local Characteristics: 21st Century with modern conveniences. This is an area rich
in historic gold rush charm and the Old West hospitality. The fire department hosts the Penn Valley Rodeo every April.
Penn Valley began as a stage and freight wagon stop on the route between Sacramento and the northern gold country and silver
mines of Nevada State. The area remains rural, with cattle ranches and vineyards dotting the landscape. The tiny village of
Rough & Ready, just west of Grass Valley, is a state historic landmark that once seceded from the United States.
Local folks rebelled against a government-imposed mining tax and on Apr. 7, 1850 voted to form their own constitutional republic.
However, The Great Republic of Rough & Ready lasted only until the Fourth of July when Old Glory went up the flagpole
and the whole episode became history. But it was not forgotten. Each year on the last Sunday in June, Rough & Ready hosts
a unique and fun-filled Secession Day Celebration.
Since 2000, property values have increased dramatically and appreciation
has continued through Dec. 2005. While no longer gaining equity, it is not sliding as badly as the Sacramento housing
market. Home prices are still significantly lower than homes in the SF Bay Area or Southern California. My daughter moved
to Penn Valley in 2001, and I followed her to be close to my grandkids to this fabulous mountain community.
Approximate Location Boundaries: Horse lovers love the terrain.
Hwy 20 runs through the center of Penn Valley. The town of Penn Valley is vast for the small population. Nevada City borders
the Northern side, while Grass Valley wraps around and borders the South side and the Southeast side of Penn Valley.
To the west of Penn Valley is Smartville, aka 'Big Oak Country', a very small rural town which is often considered the elbow
of Penn Valley. Bordering a section of the northwest side of Penn Valley is another very rural town called Rough and
Ready. Those 49ers had a sense of humor with the names they left us. Traveling west about 27 miles on Hwy
20 is Marysville & Yuba City. Auburn is 20 miles, by way of Hwy 20 East bound, then turning south on Hwy 49
the remainder, Easily commute to Roseville ... it is a total of 48 miles from Penn Valley; time-wise can take between 45 minutes
~ 60 minutes depending on the traffic hour. Grass Valley shopping is about nine miles to the McKnight shopping mall
and a few miles further to downtown Grass Valley. Nevada City has great night life and restaurants, approximately
12 miles from Penn Valley.
Lake Wildwood orignally started as a vacation area, but now people are choosing to live there year-round
to enjoy the huge manmade lake with miles and miles of shoreline. This golf-course community has tennis courts and swimming
pools. The average lot size is 1/3 acre. Wild turkeys and local deer seem to have the right of way inside this gated community;
keeping the coyotes out. This started as a summer home area, but now people live here year round. Lake Wildwood even
has it's own elementary school within the gates.
The Pleasant Valley area near Lake Wildwood has several shopping centers
to choose from. Grass Valley is just up the road about 9 miles away with large shopping strip. Nevada City is adjacent
and has dozens of award winning Restaurants while the town is still set in an atmosphere of the 49er days. How appropriate
that Hwy 49 should run through this Gorgeous Grass Valley Area with old-towne charm.
Home Prices in Northern CA
PENN VALLEY, CA 95946
Above the Fog, yet below the Snow
This is country living at its best, literally. Tall pines and
Magnificient Oaks are the local scenery. Wildlife flourishes here. Deer and Wild Turkeys roam free, along with
Jack Rabbits and the "Mr. Pepe le'peue" le skunk. You can hear the Coyotes howling on a hot summer night.
A remarkable town park includes a swimming hole and a gentle creek where little
ones can wade through ankle deep cool water during the hot summer months. There are dozens of barbecue pits and picnic
tables alongside the water and throughout the grassy knolls and swingsets. My Grandkids love all the playground equipment,
too. Several baseball fields are available, so you can watch little league on one field while seniors are practicing for their
tournement in the next field and a third game all at the same time, and still another area for Soccer enthusiasts.
Finally, sales of existing single-family homes are on the rise, modestly. Sales
rose by 0.5 percent in January, compared to the previous month. This would translate to an adjusted annual rate of 4.34 million
homes in January - up from 4.32 million in December, according to a report from the National Association of Realtors on March
1, 2008. It's the first up-tick in sales volume in the past year.
"The general conclusion of our economists is that
we are scratching the bottom of the market," said Iverson Moore, a NAR spokesman. "As new home construction continues to slow
and existing home inventories are reduced, reflecting the four million new jobs created during the last two year and there
is continuing demand for housing, the overhang should be reduced sufficiently so that a robust expansion of home sales should
begin - probably in the second half of this year."
If you are a seller, you need my experience as a successful Realtor
with expertise in negotiation and advertising specialist. My know-how and meticulousness is very thorough and will help you
achieve your goals - whether it is in selling or buying property in magnificent Foothills. Give me a call today at (530) 432-8444
time to buy that Country Property you have always dreamed about. Choose your home on secluded acreage perched in the awesome
canyons with a distal View or the feeling of shelter from the modern times by sleeping under the canopy of your own lush Pines
in a custom built home.while you listen to the babbling creeks splash by. Bring your horses; Penn Valley is the ultimate horse
community where you can have a small working ranch. Or, simply choose a peaceful mountain retreat. In Penn Valley, living
in town feels rural.
Looking at 2007 in a capsule, Penn Valley had an "Average" SOLD Price of $525,632 (reflecting
95.90% of original asking price which took 150 days on market) Just like the wildlife abundance here in Penn Valley, so is
the selection of styles of homes to fit every taste. Choose a Victorian, a bungalow, a farm house or a modern custom built
Currently, 53 single family homes (many with acreage) are offered for sale in Penn Valley with an "Average" asking
price of $611,356. while the current MEDIAN Active price is $549,000. Interestingly, there were 164 single family homes newly
listed for sale during 2007 of which 49 SOLD, 48 had Expired, and 87 were Withdrawn. 12 properties were put back on the market
with a new plan of action or a lower price; these were either expired, withdrawn, or perhaps properties that fell out of Escrow
due to lack of financing caused by Appraisal values being off. There are 3 pending sales from 2007 nearing final closing.
While the average sold price was higher, the MEDIAN SALE PRICE was $455,000. Other sales not included in these averages were
condos/mobiles, land, commercial, nor multi-family.
Just like the wildlife abundance here, so is the selection of styles to fit every
taste. Choose a Victorian, a bungalow, a farm house or a modern custom built home. Live in a golf community on a fabulous
lake within rolling mountainous terrain or choose your quiet retreat perched on a mountain. Bring your horses to your very
own ranch... this is Penn Valley where living in town feels rural.
Market Conditions for Penn Valley, California
Reported by Ginger Hopp, Realtor & Loan Agent
Penn Valley also has the ultimate Golf-Course community surrounding a Gorgeous
Lake. The "Average" SOLD Price in Lake Wildwood was $501,105 (reflecting 95.37% of original asking price which took 138 days
on market). LWW has a population of approx. 3,000 residents inside an expansive gated community; each property is built on
approximately .30-.50 acre lots within rolling mountainous terrain that is just breathtaking every direction. Deer and wild
turkey have the right of way here. Today, there are 113 single family homes offered for sale with an "Average" asking price
of $572,241 while the current MEDIAN Active price is $425,000. in Lake Wildwood. Interestingly, there were 323 single family
homes newly listed for sale throughout 2007 of which 97 SOLD, 84 had Expired, and 127 were Withdrawn. There were 25 properties
put back on the market with a new plan of action or a lower price; these were either expired, withdrawn, or perhaps properties
that fell out of Escrow due to lack of financing caused by Appraisal values being off. There are currently 11 pending sales
from 2007 nearing final closing. While the "Average" sold price was higher, the MEDIAN SALE PRICE was $439,000. for the Lake
Wildwood gated community. What a drop from last year and the year before. Buyers... it's your time to buy, right now!
ZIP CODES: PENN VALLEY
95946 ( includes Lake Wildwood )
Rough & Ready 95975 Smartville 95977