Carson Valley Real Estate Market Update Mid-May 2009, Christianne Gordon, Stephen Orear, RE/MAX Realty Affiliates | Carson Valley Real Estate, Gardnerville Homes, Carson City real estate

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Is There Anything LEFT for Sale in the Carson Valley?
Wednesday, May 27th, 2009

Today, there are 134 properties pending sale in the Carson Valley area. This is incredible news! The market is alive – maybe not well yet – but definitely alive and kicking in the Gardnerville and Minden area.

Of the 134 properties pending sale, 18 are bank owned and 53 are short sales. That means the remaining 57 are what I affectionately describe as “traditional” transactions.

So what’s left for sale??? There are 442 homes available for sale in the Carson Valley today, which is virtually the same as it was a month ago at 443. Mid-April there were 96 homes pending sale. So, the number of homes that have gone under contract has increased 40% from 30 days ago.

So how are we faring in May at a glance? Let’s take a look at today’s numbers:

There are 442 homes available for sale in the Carson Valley
21 are bank owned and 60 are short sale – 18.3% of the market is distressed
134 properties are under contract and pending close of escrow

I am still standing by my opinion that the market is slowly recovering. That does not mean that I don’t expect some more bumps and bruises along the way. I think we are at the bottom of the market, and the uptick in sales volume demonstrates.

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

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