Lower priced home sales are dominating the market in Carson City. 60% of the homes sold in Carson City in April sold for under $200,000. In addition, there was not one single home that sold in Carson City in April over $500,000.
With 30 homes sold in April, the Carson City market has picked up from January when only 10 homes sold.
In addition, the gap between the average asking sales price and the average selling price has been shrinking steadily over the last few months.
Does this mean the Carson City Nevada Real Estate Market is bottoming out? Unfortunately, the only way to know for sure is after we see the increase in sales volume and modest price appreciation. Do I think it's close to the bottom? Yes, I do. Check back with me next month where we'll review May home sales and see if a trend is indeed emerging.
(Our data is from the NNRMLS, excluding 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.
_____________________________________________________________________________________________________________
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.
Search the Northern Nevada Regional MLS Just Like An Agent - No Registration!
Read Our Northern Nevada Real Estate Blog
Notable Blog Posts You May Want to Read:
Northern Nevada Bank Owned Homes: What Is An REO?
