As of March 31, 2009, there are 289 homes for sale in Carson City. The market is holding steady when compared with 292 homes for sale a month ago.
Of the 289 homes available for sale, 33 are bank owned and 47 are short sale. That means that 80 homes are distressed, equating to 27.7% of the market. That is the sale as last month. Although the proportion of distressed homes did not decrease, it did hold steady, and is down from slightly from January. It's too soon to call it a trend, but if this pattern holds for a couple more months, it will make the argument that the Carson City real estate market is on the mend.
Today, there are 70 properties under contract / pending in Carson City. So how does this affect the absorption rate? Let's take a look...
- The Carson City real estate market currently has 289 homes on the market.
- In March, 30 homes sold
- 289 / 30 = 9.63 months
If the Carson City market continues to sell 30 homes a month for the next couple of months and current levels of inventory hold, Carson City may be on the road to recovery the fastest when compared with it's neighoring towns Dayton, Gardnerville and Minden.
(Our data is from the NNRMLS, exclusing all shared ownership or manufactured housing in Area 200.)
Posted By: Christianne Gordon - Northern Nevada Real Estate Agent - Realtor with RE/MAX Realty Affiliates, specializing in Carson Valley Real Estate and Northern Nevada Real Estate.
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Christianne Gordon, REALTOR®, CDPE, SFR, , PSC, e-PRO
Certified Distressed Property Expert - Short Sales & Foreclosure Resource - Pre-Foreclosure Certified
RE/MAX Realty Affiliates - Great Nevada Homes, Inc.
Direct: (775) 881-8223
Visit us online at GreatNevadaHomes.com or CarsonValleyShortsales.com
The information in Christianne Gordon's blog is deemed accurate but not guaranteed. Any individual considering a short sale should also seek independent tax and legal advice to get specific information as it relates to their personal situation. Christianne Gordon is a licensed real estate agent with RE/MAX Realty Affiliates serving the entire Northern Nevada region including Reno, Sparks, Carson City, Washoe Valley, North Valleys, Fernley, Dayton, Stagecoach, Minden, Genoa, Gardnerville, Smith Valley and Yerington.
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