North of Yosemite National Park, Sonora CA homes are priced just right. A little further into the mountains, vacation homebuyers also thrive in Twain Harte real estate and small communities all the way to Dodge Ridge Snowsports Area.
Median prices for Sonora homes for sale decreased during February. In this prolonged buyers’ market, it is still possible to pick up developed Tuolumne County real estate for less than $100,000 and at every price point up to $1 million. Approximately 150 homes are listed in the Sonora California real estate market right now. The median sales price is approximately $240,000 and the average sales price is $280,000.
Looking for California vacation home investment properties? Century 21 Wildwood Properties now offers property management services to help homeowners and tenants strike a balance. From cabins in the mountains to estate home properties and ranches to river frontage fishing cottages – any of these options make the good investments for a home away from home.Our hassle-free management services assist buyers who purchase second homes in Sonora to use for personal family vacations.
Located near the junction of California Highways 49 and 108, real estate in the historic mining town of Sonora is situated in the Sierra Foothills at approximately 1,825-foot elevations on the Mother Lode. With characteristic Victorian-era homes and historic districts, the vibrant little city is the centerpiece for a large recreational area. Sonora is the county seat of Tuolumne County.
The second-home owner and investor usually have an easier time of balancing the financial picture when they eliminate mortgage payments.Many purchase on an all-cash basis.
Be aware that the IRS offers write-offs on the mortgage interest for primary residences and not on additional properties. Similarly, financial experts do not recommend mortgaging primary residences to pay for second homes or investment properties. Therefore, it is important to shop in a comfortable price range.
A second home is considered an investment property if the owner spends less than two weeks a year in it. The owner must attempt to rent the property for the rest of the year.As of 2010, the tax rules regarding second homes, vacation homes, and investment-class second homes allow owners to rent the property for fourteen nights without reporting any income.
Real Estate Agents and Property Management
Call Century 21 Wildwood Properties, Inc. at 209-586-3258 or visit us at www.Century21Wildwood.com for helpful information about our Property Management Services as well as for buying and selling primary homes, second homes, land, horse properties and investment properties in Tuolumne County.
Sonora CA homes for sale under $280,000
Posted by: Editor