Nice is an average-sized city in California with 2,731 residents. Also, it has seen an 8.9% increase in population over the last 10 years. The Nice market is almost exclusively made up of detached homes, currently accounting for 100% overall. The top school in the city is Upper Lake High School.
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$329K  
Over the past 30 days, there have been fewer price cuts in the Nice market, continuing a six-week declining trend to land at three. However, home sales were up to three over the same period. While the number of price reductions trended lower, months of inventory is on a four-week upswing, this week hitting 10 months. Nice is still a definite buyer's market due to the availability of such a large amount of remaining inventory, even after the uptick in sales.
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$145K  
Over the last 30 days, a confirmed downward trend of new sellers coming into the Nice market continued, with five listings in this week's report. Meanwhile, sales remained flat, with one home selling during the same period. While new listings trended lower, the amount of available homes increased, reaching a volume of 29 months of inventory, its highest point since last May. Along with the slip in sales, the higher-than-normal inventory indicates that Nice is a definite buyer's market.
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$539K  
A three-week downturn continued after the Nice market recorded one home sale over the last 30 days. Since the prior period, a record low four new listings came on, the fewest since February. In comparison, Clearlake led all other nearby municipalities with 31 new listings. Furthermore, a three-week upward trend in pending transactions is expected to come to an end over the coming weeks. The median sales price dropped dramatically to $110,000, down from last week's $179,500. Nice is still a definite buyer's market, even after the decrease in contracts, due to the large 28 months of inventory left.
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$220K  
Fewer sellers put their homes up for sale in the Nice market over the last 30 days and the number of new listings fell this week to six. Home sales remained unchanged from the prior period and once again two homes were sold. The median sales price in Nice stayed put this week at $244,750. Along with flat sales, a relatively high 14 months of inventory indicates that Nice is a definite buyer's market.
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$639K  
The Nice market stayed sluggish this week as sales fell 33.3% to land at two homes sold over the last 30 days. Within the same time frame, Clearlake had 25 sales, the most of all cities in the area. Prices are rising in Nice, and the median sales price this period increased from $179,500 to $244,750. Nice is a solid buyer's market, thanks to a big 14 months of inventory to choose from and a pullback in sales.
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Nice is a much less affluent than average city in California with a median income of $26,792 per household. The population is also considered much younger than most with a median age of 46 years. Nice has an home ownership ratio of 43.0% and a renting ratio of 31.7%. Topping the list of best schools in the city is Upper Lake High School.
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$539K  
Sales have fallen to three homes sold over the last 30 days in the Nice market. Sellers can also expect more competition, due to a nine-week upward trend in homes coming into the market, now up to 10 for the same period. All indications show that the trend may be coming to an end, meaning less new listings over the next few weeks. The median sales price dropped dramatically to $179,500, down from last week's $230,000. Nice is a strong buyer's market, thanks to a big nine months of inventory to choose from and a pullback in sales.
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$539K  
The Nice market saw one home go under contract and failed to break out of a confirmed downward trend. Along with that, total home sales fell to four over the last 30 days. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. The median sales price rose dramatically to $230,000 over the latest reporting period for Nice, up from $150,000. Nice is a strong buyer's market, due to a downward trend in contracts numbers and seven months of inventory remaining.
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$265K  
The number of sellers who put their homes up for sale in the Nice market over the last 30 days remained flat this week at seven. Home sales also remained unchanged from the prior period and once again five homes were sold. Pricing in Nice remains consistent from last week to this week, with the median sales price at $150,000 again.
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