Carson Valley Real Estate, Minden homes for sale, Gardnerville homes for sale, Market Update January 2010 | Carson Valley Real Estate, Gardnerville Homes, Carson City real estate

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Featured Listings

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
Price: $229,900

Carson City Homes
908 Valley Crest
Beds: 3 Baths: 2
Garage: 2 Sq. Feet: 1,601
Price: $199,900

Carson Valley Homes
614 Patricia Court
Beds: 3 Baths: 2
Garage: 2 Sq. Feet: 1,524
Price: $164,900

Carson Valley Homes
1429 Sally Lane
Beds: 3 Baths: 2
Garage: 2 Sq. Feet: 1,438
Price: $164,900

Carson Valley Homes
1188 Mill Creek Circle
Beds: 3 Baths: 2
Garage: 2 Sq. Feet: 1,296
Price: $154,900

7395 Pah Rah Drive
Beds: 3 Baths: 2
Garage: 2 Sq. Feet: 1,412
Price: $119,900

Dayton NV Short Sales
5296 Bentgrass Drive
Beds: 3 Baths: 2
Garage: 3 Sq. Feet: 1,400
Price: $129,900

Sparks Short Sales
360 Blue Skies
Beds: 3 Baths: 2
Garage: 2 Sq. Feet: 1,500
Price: $147,000

Carson Valley Homes
1310 Aylesbury Court
Beds: 3 Baths: 2
Garage: 2 Sq. Feet: 1,512
Price: $174,900

Carson Valley Homes
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: $265,000

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

2443 Hunt Circle
Beds: 4 Baths: 3.5
Garage: 6+ Sq. Feet: 3,509
Price: $424,900

1213 Foothill Road
Beds: 3 Baths: 2
Garage: 2 Sq. Feet: 1,706
Price: $425,000

1557 High Pointe Court
Beds: 4 Baths: 3.5
Garage: 6+ Sq. Feet: 2,235
Price: $424,900

740 Marron Way
Beds: 4 Baths: 2 full / 3 half
Garage: 3 Sq. Feet: 3,944
Price: $461,900

Carson Valley Real Estate – Homes Sold in January 2010
Thursday, February 4th, 2010

Carson Valley Real Estate – Homes Sold in January 2010

Carson Valley Real Estate

We had 26 homes sell in the Carson Valley in January 2010, compared to 21 sales in January 2009. January historically is a slow month for home sales, so this is not altogether surprising, and certainly nothing to be alarmed over. Most escrows take 45 days to close and that means home buyers would need to be out shopping for homes in December. Instead, people were enjoying their Winter Holidays.Â

Here is a snapshot of our market indicators for January:

26 homes sold
Median asking price is $236,400
Median selling price is $233,000
Average days on market is 120

So what is the absorption rate for the Carson Valley?

There are 377 homes available for sale in the Carson Valley as of 2/4/2010
25 homes sold in January
377/26 = 14.5 months of inventory

Since sales slowed in January, our absorption rate slipped a few perentage points. The key indicator we need to inquire is how many homes are pending right now? As of January 4, 2010, we had 84 homes under contract in the Carson Valley. As of today, there are 115 homes under contract. That’s an increase of 37% and clearly demonstrates that as soon as the holidays ended, the buyers came back out into the marketplace. Of the 115 pending home sales, 57 are pending short sales and 23 are bank owned properties.

Of the 377 homes on the market, 43 are bank owned, 53 are short sales, and an additional 4 are Subject to Court Approval. That means that 25% of our market is distressed.

(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.)

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