Dayton Valley Nevada Real Estate, Christianne Gordon, Stephen Orear, RE/MAX Realty Affiliates, Dayton Valley Real Estate Market Update June 2009 | 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

Dayton Valley Nevada Real Estate Market Update: June 2009
Wednesday, July 15th, 2009

Today there are 107 homes for sale in the Dayton Valley area. This is down from 136 homes available for sale from a month ago and 146 from two months ago. Of the 107 homes available for sale, 16 are bank owned and 23 are short sale. That means 39 – or 36% – of the market is distressed. This is the same as last month when the numbers were different, but 35% of the market was distressed. It appears as though the Dayton market is no longer suffering from excess inventory – not to mention excess distressed inventory – dragging prices down.

How is the absorption rate looking for Dayton? Let’s take a look…

Dayton currently has 107 homes on the market.
In June, 39 homes sold
107 / 39 = 2.74 months

In May, the absorption rate was 4.85 months. We now have 6 months of trend where the absorption rate is dropping in Dayton! This is great news!

With only 2.74 months of inventory on the market, it sounds ridiculous to even say this, but this is the second consecutive month of inventory shortage in the Dayton, Nevada area. Look to builders in the Dayton area to begin new construction again to feed the demand for product in this small, centrally located valley.

Today, there are 179 properties under contract / pending in Dayton. That’s more than double the number of homes that were under contract at this same time last month (83).

If you’re a buyer debating buying a home right now in Northern Nevada, don’t wait for these statistics to continue to trend upward. It may just cost you the house of your dreams. And if you’re a first time homebuyer, you only have until December 1, 2009, to take advantage of the $8,000 tax credit. It’s a great time to be a homebuyer but the market winds are shifting. Don’t miss the boat!

(Our data is from the NNRMLS, Dayton Valley area (Area=420, 416, 414, 412, 410, 402.)

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