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Carson Valley Homes – NEW LISTING – 981 Wintergreen – Offered at $429,900

OPEN SUNDAY 7/25 – 1 to 4PM

981 Wintergreen is a Simply Spectacular Pleasantview home that shows like a model! It features a corner lot with views of the Sierras, separate living, dining and family rooms, a great kitchen open to the family room complete with Subzero refrigerator, new gas cooktop and hood, new slab granite counters and backsplash. There is tile and hardwood flooring throughout. Also, there is a huge laundry room with tons of cabinets, laundry sink and fold down ironing board. All bedrooms have ceiling fans.

The family room has gas insert fireplace with marble surround. The master bedroom has  a tray ceiling, large jetted tub in adjoining master bath, separate shower and double sinks. The master bedroom and family room open up onto a covered patio which overlooks a perfectly manicured garden. The garage is oversized (actually a 3 car with lots of storage space). Don’t miss the RV parking, water softener and air conditioning. Don’t miss this fantastic Carson Valley Home Open Sunday July 25th from 1-4pm. For a showing, contact Christianne or Steve at 775-881-8223 or 775-690-0685.

2947 Hot Springs Road is an absolutely spectacular custom home in Saratoga Springs. It has been completely remodeled to include a gourmet Cook’s Delight kitchen including slab granite counters, travertine backsplash, stainless steel appliances, upgraded two-drawer high efficiency dishwasher, 6 burner gas Electrolux cooktop with high-efficiency electric oven, double french bottom refrigerator and more.  It offers a true great room floorplan with fabulous views of the Sierra Nevada mountain range, and features a free standing gas log fireplace with vaulted ceilings.

• 3 bedrooms, 2 full baths, 3 car garage
• 1,714 square feet of easy single story living
• Completed remodeled gourmet Cook’s delight kitchen
• RV Parking with unique pull-through double gates on two sides of property

Located in Saratoga Springs, this home has the amenities of a planned community with some special appointments many homes can’t offer. This home has a 3 car garage but also includes RV access and parking via Vicky Lane. Double gated at both the front and rear, it provides a unique pull-through option for the outdoor enthusiast. Rear yard features both covered and uncovered patio areas and an easy to manage small lawn. All landscaping is on automatic sprinklers and drip making this idyllic scene simple and easy to maintain. There is even a home warranty!

If you’re interested in homes in Gardnerville or the Carson Valley, please call Christy at (775) 881-8223 or Steve at (775) 690-0685.

Carson Valley Real Estate – Homes Sold in April 2010

We had 55 homes sell in the Carson Valley in April 2010, on pace with the 61 homes sold in March. In contrast, only 38 homes sold in April 2009. We have been seeing this trend for months now and I think it’s safe to say that the volume of home sales is now holding steadily at a more reasonable level. I think the glut of low volume of home sales is behind us.

Here is a snapshot of our market indicators for April:

• 55 homes sold
  
• Median asking price is $244,000
• Median selling price is $215,000
• Median days on market is 118

So what is the absorption rate for the Carson Valley?

• There are 384 homes available for sale in the Carson Valley as of 5/7/2010
• 55 homes sold in April
  
• 384/55 = 6.98 months of inventory

Of the 384 homes on the market, 30 are bank owned, 58 are short sales, and 1 is Subject to Court Approval. That means that 23% of our market is distressed. Our market has also been holding steady at this distress level for several quarters as well. That means that although there is an appetite for buyers to purchase bank owned and distressed short sale homes, they continue to enter the market. Over the lat 10 days, our team alone has received over 10 new REO assignments (listings that are in their pre-marketing stages). For us, it looks like the new wave of REO’s everyone predicted at the beginning of the year is finally starting to hit the market. The question will be whether or not there is sufficient buyer demand to continue to buy them at the current rate. If not, they will put downward pressure on our pricing and the stability we’ve enjoyed over the last few quarters may begin to slide once again.

(Data provided courtesy of the Northern Nevada Regional Multiple Listing Service and excludes manufactured and shared ownership housing for Area 300, known as the Carson Valley which includes Gardnerville, Genoa, Minden, Indian Hills area of Carson City, China Springs, Spring Valley, Topaz Ranch Estates and outlying areas.)

Dayton Nevada – Homes Sold in February and March 2010

Only 11 homes closed escrow in the Dayton Valley in February 2010, however, March saw a considerable increase with 25 homes sold.

Here are the statistics for Dayton Nevada Homes Sold in February:

• 11 homes sold
• Median asking price is $164,500
• Median selling price is $158,000
• Median days on market is 132

Here are the statistics for Dayton Nevada Homes Sold in March:

• 25 homes sold
• Median asking price is $144,000
• Median selling price is $145,700
• Median days on market is 84

So what is the absorption rate for the Dayton Valley?

• There are 114 homes on the market as of 4/13/10
• 25 homes sold in March
• 114/25 = 4.56 months of inventory

Of the 114 homes on the market, 24 are bank owned and 38 are short sales. The number of homes on the market continues to hold steady, however over 53% of the market is distressed. So, the message with Dayton continues to be loud and clear: If you’re looking to buy in Dayton, it’s likely a distress sale and will either be a while to get escrow closed, or may have deferred maintenance and you’ll need to do some repairs if it’s bank-owned. However, the market has never been lower and you can buy a fabulous home for less than it costs to build.

(Data provided courtesy of the Northern Nevada Regional Multiple Listing Service and excludes manufactured and shared ownership housing for Areas 420, 416, 414, 412, 410, 402, and 403 known as the Dayton Valley and the outlying areas.)

Carson Valley Real Estate – Homes Sold in March 2010

We had 61 homes sell in the Carson Valley in March 2010, up from 29 in February 2010. In contrast, 40 homes sold in March 2009. It seems as though the market has definitely picked up in terms of sales volume.

Here is a snapshot of our market indicators for March:

• 61 homes sold
• Median asking price is $248,000
• Median selling price is $248,000
• Median days on market is 161

So what is the absorption rate for the Carson Valley?

• There are 404 homes available for sale in the Carson Valley as of 4/12/2010
• 61 homes sold in March
• 404/61 = 6.6 months of inventory

Of the 404 homes on the market, 26 are bank owned, 66 are short sales, and 1 is Subject to Court Approval. That means that 23% of our market is distressed. Slowly but surely our distressed property percentage of the market is shrinking? Will that continue? I’m not sure – my instinct tells me the next wave will be jumbo loan defaults and foreclosures in our area – how that will affect our market is anyone’s guess.

(Data provided courtesy of the Northern Nevada Regional Multiple Listing Service and excludes manufactured and shared ownership housing for Area 300, known as the Carson Valley which includes Gardnerville, Genoa, Minden, Indian Hills area of Carson City, China Springs, Spring Valley, Topaz Ranch Estates and outlying areas.)

Carson City Homes – 1195 Bandtail Drive – $179,000

This fantastic Carson City Home is an approved short sale with Wells Fargo Bank. (The previous buyer missed the 55+ active adult community requirement and fell out of escrow.) This is a spectacular home with many fine appointments throughout. Beautiful tile floors, custom paint, and a thoughtful design creates many living zones. This fine home features both front and rear patios, a master suite with double sinks and walk-in closet, separate laundry room, and a den with adjoining second bedroom. The split floor plan design provides separation and privacy. This home has been lovingly cared for, shows beautifully, and is priced to sell.

Soak up the sun on your rear patio in the mornings and enjoy your view of the eastern Carson foothills. This home simply must be seen to be appreciated. Brand new garbage disposal installed August 2009. Easy to show and sell. Don’t miss the virtual tour to take a closer look at this immaculate home. Consider the Possibilities!

View the Virtual Tour Here! 1195 Bandtail Drive

For more information or a showing on this property, please call Christy at (775) 881-8223 or Steve at (775) 690-0685.

Carson Valley Real Estate – REDUCED – 720 Lassen Way – $149,900

This lovely 3 bedroom, 2 bath home has it all! It has a gorgeous laminate wood floor with vaulted ceilings in a formal dining room, custom paint, a southern charm kitchen complete with glasstop electric range, built in microwave & large pantry. The formal dining room opens up onto a covered patio that is perfect for enjoying the unobstructed views of the Sierra Nevada mountains. Custom paint and architectural delights abound in this home and must be seen to be appreciated.

Don’t miss the RV parking on the south side of the street, the beautiful vegetable garden in back, and trailer storage access out back as well. Every aspect of this home has been meticulously cared for – inside and out. Two friendly tiny dogs at property – Georgie and Frankie – please do not let them out. Refrigerator included as-is, at no value with no warranty.

If you’re interested in homes in Gardnerville or the Carson Valley, please call Christy at (775) 881-8223 or Steve at (775) 690-0685.