Carson Valley Real Estate, Christianne Gordon, Stephen Orear, RE/MAX Realty Affiliates, Carson Valley Home Sales Results, Residential Real Estate Market Update March 2009 | Carson Valley Real Estate, Gardnerville Homes, Carson City real estate

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Featured Listings

1195 Bandtail Drive
Beds: 3 Baths: 2
Garage: 2 Sq. Feet: 1,719
Price: $200,000

2947 Hot Springs Road
Beds: 3 Baths: 2
Garage: 3 Sq. Feet: 1,714
Price: $385,000

7395 Pah Rah Drive
Beds: 3 Baths: 2
Garage: 2 Sq. Feet: 1,412
Price: $169,900

853 Auburn Court
Beds: 3 Baths: 2
Garage: 2 Sq. Feet: 1,105
Price: $155,900

720 Lassen Way
Beds: 3 Baths: 2
Garage:2 Sq. Feet: 1,326
Price: $169,900

1200 Esther Way
Beds: 5 Baths: 2
Garage:2 Sq. Feet: 1,968
Price: $224,900

1101 Calaveras Drive
Beds: 5 Baths: 3.5
Garage: 2 Sq. Feet: 2,796
Price: $319,900

2664 Firenze Drive
Beds: 3 + den Baths: 2.5
Garage: 3 Sq. Feet: 2,522
Price: $399,900

740 Marron Way
Beds: 4 Baths: 2 full / 3 half
Garage: 3 Sq. Feet: 3,944
Price: $599,900

2500 Leviathan Mine Road
Beds: 3 Baths: 3
Garage: 4 Sq. Feet:3,308
Price: $749,000 on 19+ ac.

Carson Valley Real Estate Market Update: What’s For Sale?
Tuesday, March 31st, 2009

As of March 31, 2009, there are 443 homes for sale in Carson Valley. The total number of homes available for sale continues to decrease. Two months ago, there were 485 homes for sale, and 5 months ago, there were 574.

Of the 443 homes available for sale, 27 are bank owned and 48 are short sale. That means that 75 homes are distressed, equating to 16.9% of the market. That is a significant decrease from my last market analysis post 60 days ago where distressed properties made up 19.1% of the market.

Today, there are 96 properties under contract / pending in the Carson Valley. So how does this affect the absorption rate? Let’s take a look…

The Carson Valley currently has 443 homes on the market.
In March, 39 homes sold
443 / 39 = 11.39 months

We are still quite a ways away from a “normal” market of 5-7 months, but we’re heading in the right direction!

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

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