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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.)

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.)

We are holding open a fantastic Carson Valley Home Sunday, March 14th from 1-4pm. 2947 Hot Springs Road is a 3 bedroom, 2 bath, 3 car garage home built in 1997 on 0.37 acres. The home has recently undergone a complete kitchen remodel and is not your typical subdivision home in Saratoga Springs. The home is a custom and has a very unique open floorplan which naturally lends itself to comfortable, single story living.

The home features a 3 car garage with a pull-down ladder for above garage storage. It also has RV parking accessible from either the front or rear yards via double gates. The “Nevadascape” landscaping is all on automatic drip, making this a perfect second / vacation home with your own on site RV parking.

Click on any of the pictures of this home above to launch our virtual tour showcasing all the rooms and exterior features of this wonderful Carson Valley Home. If you miss our open house and would like a to schedule a showing, please call Steve at (775) 690-0685 or Christianne at (775) 881-8223.  We welcome any questions you may have.

Carson Valley Real Estate – Homes Sold in February 2010

We had 29 homes sell in the Carson Valley in February 2010, up from 26 in January 2010. We’ve had a very busy winter, with almost 60 homes selling already during winter – a time when most people are not thinking about moving!

Here is a snapshot of our market indicators for February:

• 29 homes sold
• Median asking price is $199,900
• Median selling price is $210,000
• Median days on market is 141

So what is the absorption rate for the Carson Valley?

• There are 383 homes available for sale in the Carson Valley as of 3/8/2010
• 29 homes sold in January
• 383/29 = 13.2 months of inventory

Since the number of sales slowed in February from our (recent) normal average of 40-50 homes per month, our absorption rate has increased a few perentage points. It is still better than the 14.5 from January. A more telling indicator of the activity in the market is the question “How many homes are pending right now?” As of today, there are 128 homes under contract – a 3 month high. This is much more indicative of what we are seeing in our office – Since January 1, 2010, the RE/MAX Gardnerville office has opened 92 escrows. That’s an incredible volume when you consider the fact that it’s still Winter! Of the 128 pending home sales, 22 are bank owned, 59 are short sales, and 1 is subject to court approval.

Of the 383 homes on the market, 29 are bank owned, 58 are short sales, and an additional 3 are 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.)

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 – JUST LISTED – 740 Marron Way – $599,900

This beautiful French Country Estate Home needs just a little love and care to make it your personal palace. Located on 5 water righted acres with gated fencing this special location provides spectacular mountain and valley views. Ideal for the family that desires country living close to town services. Property includes a guest house that could be used as an in-law quarters.

Seller has authorized a new 40 year GAF ELK roof to be installed on the main house, guest house, pump house and shed. New carpets, interior paint, exterior paint and rain gutters to be installed on main house prior to March 1, 2010.

• Lot Size: 5.09 Acres
• 4 bedrooms, 2 full baths, 3 half baths, 3 car garage plus Guest House
• $2,153.72 – 2009-2010 Property Taxes

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

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About The Author

Christianne Gordon, REALTOR®, CDPE, SFR is a Northern Nevada Real Estate Specialist that can assist you with the purchase or sale of real estate in Gardnerville, Minden, Genoa, Carson City, Dayton, and Reno/Sparks.

To search all available homes for sale in the Northern Nevada area, please visit GreatNevadaHomes.com or contact us for a FREE ListingBook account!