California Real Estate: Placer & Nevada Counties

by Andrew Goodwin on March 27, 2012

Nevada County Foreclosures

Nevada County, California has a population of approximately 98,800 (2010). The median household income in Nevada County is around $57,100, which is slightly lower than the statewide average of $60,900. Grass Valley is the most populated city of Nevada County, with a population of about 12,900. According to RealtyStore.com (a foreclosure listing website), the number of Nevada County foreclosures includes 901 bank-owned homes in California.

What will you find in Nevada County: Diverse grasslands, rivers and forests for starters. The Tahoe National forest accounts for 871,500 acres of nationally protected forest while the Toiyabe Forest is a whopping 6.3 million acres. As you can imagine this is the United States largest national forest!

For those who want to escape the hectic lifestyle of the city, Nevada County foreclosures are an excellent option. Besides the breathtaking scenery, the population is fewer than 100 people per square mile.

Education is always an option as well, with universities near Nevada County. California State University, Chico and California State University, Sacramento are within driving distance.

Affordable Placer County Foreclosures

Placer County is a small county located in the middle portion of California. It has a total land area of 1,502.78 square miles and it has a population 348, 432, according to U.S. census of 2010.

Placer County does seem to have more than their fair share when it comes to population; however, there are still many REO properties on the market in this gorgeous area. RealtyStore.com reports 2,885 Placer county foreclosures on the books today. What that means for the savvy investor is plenty of bank owned homes to consider!

Back in 1848, Placer County became very famous for gold mining. A lot of miners migrated to the county in search for gold deposits and consequently, mining industry was established. After the Californian Gold Rush era, the people of Placer went into farming to help sustain their livelihood. Some ventured into planting fruit crops such as grapes that is used for wine making, while some others gather timber for their living.

The county continued to blossom through the ashes of the mining industry. Once defunct these popular spots were developed as tourist sites and the tools of the trade were placed in museums. Materials and tools from the California Gold Rush served to remind people of their history.

Looking to find the best deal on bank foreclosures? then visit RealtyStore.com to find the best advice on foreclosure investing.

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