Could it be true? Could the Carson Valley Nevada Real Estate market be nearing the bottom and stabilizing? I say, YES, and here's why I think so.
As I have said in previous posts, I like to follow the numbers, because to me, the numbers don’t lie. I have pulled data from the Multiple Listing Service and here's what I see:
The graph starts in June 2007 and shows an average sales price for each month. If you look closely, you'll see that January 2009 appears to be a low spot.
The most important thing to see is the very end on the right hand side. Do you see it? Not only is it not flat, it's creeping up ever so slightly. Over the last 3 months, the average selling price has stayed within $10,000 of the previous month's number. So basically, the average selling price held steady. I believe this indicator is predicting the bottom of the market.
Here is my chart that I update every month with these statistics:
If you look at the average sales price for February, March, and April, you'll see what I'm saying. You'll also see that the per square foot price seems to be hanging in right around $140-145 as well.
Of course, only time will tell if my prognostication is right. One thing you CAN count on is I will share this information with you again next month and we'll see if the glass really is half full and it's time to be optimistic!
(Data provided courtesy of the Northern Nevada Multiple Listing Service and covered Area 300 which is all of Gardnerville, Minden, Genoa and outlying Carson Valley areas.)
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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