The Hangover, Part IV – 2022 Q3 Review

For better or worse “The Hangover” film series may have ended at three, but Hangover 4 may still be heading our way in the form of economic repercussions caused in large part by governmental over-imbibing in the national money supply.  While the pandemic and related shutdowns clearly warranted monetary stimulus, as can be the tendency with alcohol, it can be difficult to know when to stop partaking.

The pleasant effects of our post pandemic “intoxication” have been robust job creation, low unemployment, strong wage growth, increasing retail sales, resurging service/travel sector and strong manufacturing. However, with “last call” now upon us momentary feelings of optimism are being swallowed up by dropping consumer confidence and fears of recession due to soaring inflation and rising interest rates, which are beginning to have a palpable effect on pocketbooks.

The recommended cure for a hangover caused primarily by monetary overindulgence is monetary policy in the form of Federal Reserve interest rate hikes that will reduce monetary supply, restrict economic activity and cool inflation, likely leading to a recessionary hangover that won’t go away anytime soon.

While clouds are on the horizon, we can take solace in the fact that the Sierra Foothills market is not overbuilt and we live in a highly desirable area that will see enduring demand.


LocationSq. Ft.PricePrice/SF
12481 Charles Dr, Grass Valley34,950$4,800,000$137.34
972 Golden Gate Ter, Grass Valley4,864$799,000$164.27
174-178 Lower Grass Valley Rd, Nevada City8,590$1,249,000$145.40
110 Spring Hill Dr # 4, Grass Valley3,952$605,000$153.09
10015 Alta Sierra Dr, Grass Valley4,176$699,000$167.39
512 - 528 Brunswick Rd, Grass Valley6,164$995,000$161.42
563 Brunswick Rd # 2, Grass Valley1,151$199,000$172.89
565 Brunswick Rd # 9, Grass Valley1,387$179,000$129.06
11235 Cliffs Place, Grass Valley1,501$479,000$319.12
424 Crown Point Cir, Grass Valley16,000$3,050,000$190.62
900 Golden Gate Ter, Grass Valley20,000$3,500,000$175.00
964 Golden Gate Ter, Grass Valley5,740$795,000$138.50
224 Main St, Nevada City4,670$1,225,000$262.31
406 - 412 E Main St, Grass Valley7,714$1,470,000$190.56
2344 & 2352 Nevada City Hwy, Grass Valley3,212$600,000$186.80
104 New Mohawk Rd, Nevada City26,336$2,200,000$83.54
908 Taylorville Rd, Grass Valley11,676$1,350,000$115.62
819 Whispering Pines Ln, Grass Valley24,426$3,300,000$135.10
563 Brunswick Rd # 10, Grass Valley1,463$214,000$146.27
1061 E Main St # 104, Grass Valley1,813$265,000$146.17
1061 E Main St # 103, Grass Valley1,224$199,000$162.58
300 Sierra College Dr #165, Grass Valley4,787$1,900,000$329.64
210 Broad St, Nevada City21,675$2,250,000$103.81
214 Broad St, Nevada City1,684$950,000$564.13
315 Broad St, Nevada City4,979$1,350,000$271.14
202 Colfax Ave, Grass Valley1,492$495,000$331.77
206 W Main St, Grass Valley3,950$750,000$189.87
127 - 129 Mill St, Grass Valley1,802$599,000$332.41
16282 Mount Olive Rd, Grass Valley5,655$625,000$110.52

LocationSq. Ft.Min Base Price/SFMax Base Price/SF
12048 - 12050 Charles Dr, Grass Valley1,000$1.20$1.20
972 Golden Gate Ter, Grass Valley2,536$1.14$1.14
155 Spring Hill Dr # 201, Grass Valley2,777$0.54$0.54
120 N Auburn St, Grass Valley950$1.47$1.47
131 S Auburn St, Grass Valley1,066$1.50$1.50
167 S Auburn St, Grass Valley1,100$2.00$2.00
464-458 Brunswick Rd, Grass Valley6,116$1.60$2.05
505 Coyote St, Nevada City6,749$1.65$1.65
333 Crown Point Cir, Grass Valley6,463$1.55$1.55
350 Crown Point Cir, Grass Valley5,089$1.55$1.55
355 Crown Point Cir, Grass Valley4,800$0.60$0.60
360 Crown Point Cir, Grass Valley8,629$1.49$1.49
431 Crown Point Cir, Grass Valley11,100$0.85$0.85
443 Crown Point Cir, Grass Valley15,264$1.25
488 Crown Point Cir, Grass Valley5,168$1.60$1.80
964 Golden Gate Ter, Grass Valley5,740$1.33$1.33
13100 Grass Valley & 12438 Loma Rica Grass Valley4,960$0.69$0.69
200 Litton Dr, Grass Valley3,000$1.40$1.40
12190 Loma Rica Drive, Grass Valley2,600$1.10$1.10
900 E Main St, Grass Valley5,900$1.84$1.90
944 - 1020 McCourtney Rd, Grass Valley12,662$1.73$1.73
104 New Mohawk Rd, Nevada City12,000$0.79$0.79
101 - 106 Providence Mine Rd, Nevada City5,195$1.60$1.60
200 - 208 Providence Mine Rd, Nevada City19,716$1.60$1.60
310 Providence Mine Rd, Nevada City20,282$1.75$1.85
351 - 356 Providence Mine Rd, Nevada City1,736$1.78$1.78
400 Providence Mine Rd, Nevada City72,110$1.15$2.15
120 Richardson St, Grass Valley271$2.21$2.21
420 Sierra College Dr, Grass Valley1,750$2.20$2.20
1012 Sutton Way, Grass Valley3,200$1.87$1.87
426 Sutton Way, Grass Valley1,460$1.63$1.63
841 - 857 Sutton Way, Grass Valley601$1.75$1.75
908 Taylorville Rd, Grass Valley1,800$1.66$1.66
819 Whispering Pines Ln, Grass Valley5,200$0.85$0.85
402 S Auburn St, Grass Valley2,880$1.50
563 Brunswick Rd # 5, Grass Valley1,473$1.55$1.55
700 Zion St, Nevada City12,000$1.07
10052 Alta Sierra Dr, Grass Valley540$1.35$1.35
114 Argall Way, Nevada City1,159$1.21$1.21
133 Argall Way, Nevada City2,700$1.25$1.25
233 Broad St, Nevada City4,000$2.25
408 Broad St & 405 Commercial Street, Nevada City880$2.39$2.39
434 Colfax Ave, Grass Valley1,100$1.00$1.00
650 Freeman Ln, Grass Valley13,886$1.95$2.20
840 E Main St, Grass Valley5,000$1.60$1.60
138 E Main St & 131 Richardson St, Grass Valley2,187$1.01$1.01
111 W McKnight Way, Grass Valley10,649$1.50$2.15
127 - 129 Mill St, Grass Valley1,000$1.05$1.05
2032 - 2118 Nevada City Hwy, Grass Valley5,525$1.56$1.56
399-471 Sutton Way, Grass Valley4,311$1.30$1.35
526-720 Sutton Way, Grass Valley2,250$2.85$2.85

LocationSq. Ft.Sale/LeaseClose Date
360 Crown Point Cir, Grass Valley4,735Lease6/1/2022
352 Providence Mine Rd, Nevada City1,503Lease6/15/2022
426 Sutton Way, Grass Valley1,120Lease7/1/2022
110 Spring Hill Dr #14 - 17, Grass Valley7,095Sale7/13/2022
399-471 Sutton Way, Grass Valley38,230Sale7/18/2022
107 Bank St, Grass Valley4,247Sale7/19/2022
11954 - 11956 Charles Dr, Grass Valley3,700Sale7/29/2022
129 Idaho Maryland Rd, Grass Valley8,000Lease8/1/2022
860-870 Sutton Way, Grass Valley1,704Sale8/18/2022
1101-1105 Sutton Way8,000Sale9/16/2022
230 Colfax Ave, Grass Valley4,084Sale9/30/2022

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