Carson Valley Nevada Real Estate, April 2009 Market Report, Christianne Gordon, Stephen Orear, RE/MAX Realty Affiliates | Carson Valley Real Estate, Gardnerville Homes, Carson City real estate

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Featured Listings

2613 Wildrye Court
Beds: 3 Baths: 3
Garage: 4 Sq. Feet: 2,250
Price: $349,900

2615 Skyline Drive
Beds: 3 Baths: 3
Garage: 5 Sq. Feet: 2,658
Price: $379,900

981 Wintergreen
Beds: 4 Baths: 2
Garage: 2 Sq. Feet: 2,512
Price: $429,900

577 Leealan
Beds: 4 Baths: 4.5
Garage: 6+ Sq. Feet: 4,192
Price: $1,299,900

Dayton NV Homes
210 Meadowood Court
Beds: 3 Baths: 2
Garage: 2 Sq. Feet: 2,472
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Carson City Homes
908 Valley Crest
Beds: 3 Baths: 2
Garage: 2 Sq. Feet: 1,601
Price: $184,900

Carson Valley Homes
614 Patricia Court
Beds: 3 Baths: 2
Garage: 2 Sq. Feet: 1,524
Price: $142,400

Carson Valley Homes
1429 Sally Lane
Beds: 3 Baths: 2
Garage: 2 Sq. Feet: 1,438
Price: $142,400

Sparks Short Sales
360 Blue Skies
Beds: 3 Baths: 2
Garage: 2 Sq. Feet: 1,500
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1200 Esther Way
Beds: 5 Baths: 2
Garage:2 Sq. Feet: 1,968
Price: $195,000

1462 Garden Glen Court
Beds: 2 Baths: 2
Garage: 2 Sq. Feet: 1,285
Price: $249,900

2947 Hot Springs Road
Beds: 3 Baths: 2
Garage: 3 Sq. Feet: 1,714
Price: $339,900

1213 Foothill Road
Beds: 3 Baths: 2
Garage: 2 Sq. Feet: 1,706
Price: $399,000

Carson Valley, Nevada Real Estate Market Mid-Month Update: April 2009
Monday, April 13th, 2009

It’s that time again for a mid-month market update for the Carson Valley, Nevada area!

Last month’s Carson Valley, Nevada market update report stated:

There were 443 homes available for sale in the Carson Valley
27 were bank owned and 48 were short sale – 16.9% of the market was distressed
There were 96 properties under contract and pending sale.

Every one of these indicators was healthier than the last 60 days and trending in a positive direction, fostering the notion that a recovery may be in sight for our little Carson Valley.

So how are we faring in April? Let’s take a look at today’s numbers:

There are 441 homes available for sale in the Carson Valley
25 are bank owned and 53 are short sale – 17.6% of the market is distressed
112 properties are under contract and pending close of escrow

So what can we glean about the health of the Carson Valley, Nevada real estate market from this data?

The number of homes available for sale is holding – so supply is stable
The number of homes under contract / pending sale is increasing, so buyers are indeed buying
The number of distressed properties on the market is – for the most part – stable for now

Things are continuing a slow and steady recovery in the Carson Valley. I am anxious to see how many of the 112 pending sales close this month. Last month 41 homes sold which was the third month in a row that the number of homes sold increased. If we can link together 6 months of positive trend data, I would be happy to stick my neck out and say we’re officially in recovery.

(Our data is from the NNRMLS, exclusing all shared ownership or manufactured housing in Area 300.)

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