Carson Valley Real Estate - Carson Valley NV

Carson Valley Real Estate - Homes Sold in February 2010

Carson Valley Real Estate - Homes Sold in February 2010

Carson Valley Real Estate

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.)       _________________________________________________________________________________________________________

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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!

Carson Valley Real Estate  Carson Valley Featured Listings  NevadaHomes Listingbook Account

Carson City Homes - APPROVED SHORT SALE - 1195 Bandtail - $200,000

Carson City Homes - APPROVED SHORT SALE - 1195 Bandtail Drive - $200,000

This fantastic Carson City Home is an approved short sale with Wells Fargo Bank. (The previous buyer missed the 55+ active adult community requirement and fell out of escrow.) This is a spectacular home with many fine appointments throughout. Beautiful tile floors, custom paint, and a thoughtful design creates many living zones. This fine home features both front and rear patios, a master suite with double sinks and walk-in closet, separate laundry room, and a den with adjoining second bedroom. The split floor plan design provides separation and privacy. This home has been lovingly cared for, shows beautifully, and is priced to sell.

Carson City real estate

Carson City real estate

Carson City real estate

Carson City real estate

Carson City real estate

Carson City real estate

 

Soak up the sun on your rear patio in the mornings and enjoy your view of the eastern Carson foothills. This home simply must be seen to be appreciated. Brand new garbage disposal installed August 2009. Easy to show and sell. Don't miss the virtual tour to take a closer look at this immaculate home. Consider the Possibilities!

View the Virtual Tour Here! 1195 Bandtail Drive

 

For more information or a showing on this property, please call Christy at (775) 881-8223 or Steve at (775) 690-0685.

 

_________________________________________________________________________________________________________

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If you enjoyed my blog post, I invite you to connect with me on social networks, subscribe to my blog, and watch my videos? 

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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!

Carson Valley Real Estate  Carson Valley Featured Listings  NevadaHomes Listingbook Account

OneWest Bank Releases Their First Year Profit Statement $1.6 Billion- You Won't Believe This One!

Via Robert G Hertzog (Summit Home Consultants):

OneWest Bank Releases Their First Year Profit Statement $1.6 Billion- You Won't Believe This One!

Kudos to Scott Reckard with the LA Times.  He wrote an article today that is sure to open some eyes.  The article, titled "OneWest Bank Profit: $1.6 Billion" does an excellent job of pointing out some very interesting observations.

According to the article, OneWest paid the FDIC $1.55 Billion for the failed IndyMac Bank, and turned a profit of $1.57 Billion in it's first year.  The article specifically addresses the shared-loss agreement that was also put in place by the FDIC, which is expected to cost the FDIC nearly $11 Billion.

The reason I'm posting this article is that it dovetails perfectly into my blog titled "Is The FDIC Killing OneWest IndyMac Short Sales" in September/2009.  The blog, which ended up being the basis of the recent video produced by Think Big Work Small (without my knowledge or consent, by the way) deals with a transaction I handled for one of my clients with OneWest Bank.  Rather than go into all of the details of the blog you can read it here.  But basically, it centered on shared-loss deals, and how they are creating a disadvantage for consumers trying to accomplish loan modifications or short sales.

The FDIC was so upset with the video that they decided to issue an official press release on Friday, February 12th.  The LA Times article specifically states that the FDIC refused to comment today on the profit statement released by OneWest today.  

So let me get this straight...  The FDIC issues an official press release on a YouTube video, but doesn't want to talk to anyone about the profits OneWest just reported today, and the possible effects of the shared loss agreement they have in place with them?  Interesting.  Anyway, enjoy the article.  This story is beginning to "grow legs", as they say.  With 93 other loss share agreements in place, according to a recent Business Journal article, I'm sure this is something we will all hear more about in the very near future.

Oops, I spoke to soon!  While writing this article, I just found out that the FDIC just issued ANOTHER press release, this time announcing that they just sold La Jolla Bank in La Jolla, CA to, guess who?  You got it, OneWest Bank!  And guess what?  That's right, they signed yet another Loss Share Agreement with them as well.  Well, that makes a total of 95 loss share agreements, and counting!

Folks, it's time to stop this madness.  The LA Times article shows what this program is costing the American Taxpayer.  Some, like the FDIC (and their banker buddies) will tell us time and time again that the FDIC receives no taxpayer dollars, and is funded wholly by the FDIC premiums charged to the banks.  Think about it... When banks have to pay more for increased premiums, where do you think they get the money?  Quite simply, they raise their rates to YOU, the consumer, to cover these additional expenses.  And, when they finally run out of money, they have a nice little $500 Billion "Credit Card" they can use at the U.S. Treasury.  Where do you think this money comes from?  Correct...  YOU, the taxpayer.

So do your part and help spread the word.  It's time to stop asking questions, and start demanding answers from our fearless leaders in Washington.  Don't just read this and get mad.  Read this and share it with all you know.

Bob Hertzog

www.foreclosureuturn.com

Carson City Homes - 1101 Calaveras Dr - REDUCED to $319,900

Carson City Home with a Pool!


Overview
Maps
Photos
Description














$319,900
Single Family Home
For Sale
Main Features
5 Bedrooms
3 Bathrooms
1 Partial Bathroom
Interior: 2796 sqft
Lot: 0.39 acre(s)
Location
1101 Calaveras Drive
Carson City, NV 89703

Christianne Gordon, REALTOR e-PRO, CDPE, SFR Carson Valley Real Estate Specialist

Christianne Gordon, REALTOR e-PRO, CDPE, SFR Carson Valley Real Estate Specialist

RE/MAX Realty Affiliates
(775) 782-8777
christy@greatnevadahomes.com
http://www.greatnevadahomes.com



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Carson

Carson Valley Real Estate - 720 Lassen Way - REDUCED to $189,900

Gardnerville Garden Perfect Cottage


Overview
Maps
Photos
Description














$189,900
Single Family Home
For Sale
Main Features
3 Bedrooms
2 Bathrooms
Interior: 1326 sqft
Lot: 0.20 acre(s)
Location
720 Lassen Way
Gardnerville, NV 89460

Christianne Gordon, REALTOR e-PRO, CDPE, SFR Carson Valley Real Estate Specialist

Christianne Gordon, REALTOR e-PRO, CDPE, SFR Carson Valley Real Estate Specialist

RE/MAX Realty Affiliates
(775) 782-8777
christy@greatnevadahomes.com
http://www.greatnevadahomes.com



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Sparks Homes for Sale - 7395 Pah Rah Drive - $179,900

Sparks Homes for Sale - 7395 Pah Rah Drive - $179,900


Overview
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Photos
Description














$179,900
Single Family Home
For Sale
Main Features
3 Bedrooms
2 Bathrooms
1 Partial Bathroom
Interior: 1412 sqft
Lot: 0.17 acre(s)
Location
7395 Pah Rah Drive
Sparks, NV 89436

Christianne Gordon, REALTOR e-PRO, CDPE, SFR Carson Valley Real Estate Specialist

Christianne Gordon, REALTOR e-PRO, CDPE, SFR Carson Valley Real Estate Specialist

RE/MAX Realty Affiliates
(775) 782-8777
christy@greatnevadahomes.com
http://www.greatnevadahomes.com



Listed by: RE/MAX Realty Affiliates
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Reno Real Estate - 4605 Rio Encantado Lane - Just Listed at $169,900

Reno Real Estate - 4605 Rio Encantado - $169,900


Overview
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Description














$169,900
Single Family Home
For Sale
Main Features
3 Bedrooms
2 Bathrooms
Interior: 1610 sqft
Lot: 0.21 acre(s)
Location
4605 Rio Encantado Lane
Reno, NV 89502

Christianne Gordon, REALTOR e-PRO, CDPE, SFR Carson Valley Real Estate Specialist

Christianne Gordon, REALTOR e-PRO, CDPE, SFR Carson Valley Real Estate Specialist

RE/MAX Realty Affiliates
(775) 782-8777
christy@greatnevadahomes.com
http://www.greatnevadahomes.com



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Carson City Charmer - 853 Auburn Court - $159,900

Carson City Charmer in Indian Hills


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Features
Description
Neighborhood














$159,900
Single Family Home
For Sale
Main Features
3 Bedrooms
2 Bathrooms
1 Unit
Interior: 1105 sqft
Lot: 0.15 acre(s)
Location
853 Auburn Court
Carson City, NV 89705

Christianne Gordon, REALTOR e-PRO, CDPE, SFR Carson Valley Real Estate Specialist

Christianne Gordon, REALTOR e-PRO, CDPE, SFR Carson Valley Real Estate Specialist

RE/MAX Realty Affiliates
(775) 782-8777
christy@greatnevadahomes.com
http://www.greatnevadahomes.com



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Carson Valley Real Estate - NEW LISTING - 2947 Hot Springs - $385,000

Carson Valley Real Estate - NEW LISTING - 2947 Hot Springs Road - $385,000

Absolutely spectacular custom home in Saratoga Springs. Completely remodeled Gourmet Cook's Delight kitchen includes 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. True great room floorplan with fabulous views of the Sierra Nevada mountain range, 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

Carson Valley Homes

Carson Valley Homes

Carson Valley Homes

Carson Valley Homes

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.

 

_________________________________________________________________________________________________________

CopyScape

If you enjoyed my blog post, I invite you to connect with me on social networks, subscribe to my blog, and watch my videos? 

Follow Me on Twitter   Let's Connect on Facebook   Lets get Linkedin   Subscribe to my BlogView Northern Nevada real estate on YouTube

_________________________________________________________________________________________________________

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!

Carson Valley Real Estate  Carson Valley Featured Listings  NevadaHomes Listingbook Account

Carson Valley Real Estate - REDUCED - 720 Lassen Way - $199,900

Carson Valley Real Estate - REDUCED - 720 Lassen Way - $199,900

This lovely 3 bedroom, 2 bath home has it all! It has a gorgeous laminate wood floor with vaulted ceilings in a formal dining room, custom paint, a southern charm kitchen complete with glasstop electric range, built in microwave & large pantry. The formal dining room opens up onto a covered patio that is perfect for enjoying the unobstructed views of the Sierra Nevada mountains. Custom paint and architectural delights abound in this home and must be seen to be appreciated.

Gardnerville short sales

Carson Valley Real Estate

Carson Valley real estate

Gardnerville short sales

Don't miss the RV parking on the south side of the street, the beautiful vegetable garden in back, and trailer storage access out back as well. Every aspect of this home has been meticulously cared for - inside and out. Two friendly tiny dogs at property - Georgie and Frankie - please do not let them out. Refrigerator included as-is, at no value with no 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.

 

_________________________________________________________________________________________________________

CopyScape

If you enjoyed my blog post, I invite you to connect with me on social networks, subscribe to my blog, and watch my videos? 

Follow Me on Twitter   Let's Connect on Facebook   Lets get Linkedin   Subscribe to my BlogView Northern Nevada real estate on YouTube

_________________________________________________________________________________________________________

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!

Carson Valley Real Estate  Carson Valley Featured Listings  NevadaHomes Listingbook Account