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 38 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.)
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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