Carson Valley, Nevada Real Estate Market Mid-Month Update: April 2009

    It’s that time again for a mid-month market update for the Carson Valley, Nevada area!

    Last month’s Carson Valley, Nevada market update report stated:

    • There were 443 homes available for sale in the Carson Valley
    • 27 were bank owned and 48 were short sale – 16.9% of the market was distressed
    • There were 96 properties under contract and pending sale.

    Every one of these indicators was healthier than the last 60 days and trending in a positive direction, fostering the notion that a recovery may be in sight for our little Carson Valley.

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

    • There are 441 homes available for sale in the Carson Valley
    • 25 are bank owned and 53 are short sale – 17.6% of the market is distressed
    • 112 properties are under contract and pending close of escrow

    So what can we glean about the health of the Carson Valley, Nevada real estate market from this data?

    • The number of homes available for sale is holding – so supply is stable
    • The number of homes under contract / pending sale is increasing, so buyers are indeed buying
    • The number of distressed properties on the market is – for the most part – stable for now

    Things are continuing a slow and steady recovery in the Carson Valley. I am anxious to see how many of the 112 pending sales close this month. Last month 41 homes sold which was the third month in a row that the number of homes sold increased. If we can link together 6 months of positive trend data, I would be happy to stick my neck out and say we’re officially in recovery.

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

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    Christianne O'Malley

    I am an award winning top-producing Realtor with over $300 million in lifetime sales. I represent buyers and sellers across Northern Nevada including Reno, Sparks, Carson City, Dayton, Virginia City, Minden, Gardnerville, Genoa and beyond.

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