Carson Valley Real Estate, Gardnerville homes for sale, November Carson Valley Homes Sold | 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
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7395 Pah Rah Drive
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Dayton NV Short Sales
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1200 Esther Way
Beds: 5 Baths: 2
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1462 Garden Glen Court
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2947 Hot Springs Road
Beds: 3 Baths: 2
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2443 Hunt Circle
Beds: 4 Baths: 3.5
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1213 Foothill Road
Beds: 3 Baths: 2
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1557 High Pointe Court
Beds: 4 Baths: 3.5
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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 November 2009
Wednesday, December 16th, 2009

Carson Valley Real Estate – Homes Sold in November 2009

Carson Valley Real Estate

We had 57 homes sell in the Carson Valley in November 2009, compared to 29 sales in November 2008. With 59 homes sold in October 2009, we’re still selling homes at an even pace, and we’re much improved over the previous year. Sales volume was 193% higher in 2009 than it was in 2008.

Here is a snapshot of our market indicators for November:

57 homes sold
Average asking price is $325,374
Average selling price is $306,414
Average days on market is 175

The average asking and selling price for Carson Valley Real Estate continued it’s reasonable and historic average in November.

So what is the absorption rate for the Carson Valley?

There are 418 homes available for sale in the Carson Valley as of 12/16/09
57 homes sold in November
418/57 = 7.33 months of inventory

The absorption rate has remained essentially the same in November when compared to the previous month. As of December 16, 2009, we have 113 homes under contract in the Carson Valley. Of the 113 homes under contract, 60 are pending short sales (which are closing at a much higher success rate in the last 60 days) and 22 are bank owned properties.

Of the 418 homes on the market, 48 are bank owned, 49 are short sales, and an additional 3 are either Subject to Court Approval. That means that 24% 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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