Today, there are 134 properties pending sale in the Carson Valley area. This is incredible news! The market is alive - maybe not well yet - but definitely alive and kicking in the Gardnerville and Minden area.
Of the 134 properties pending sale, 18 are bank owned and 53 are short sales. That means the remaining 57 are what I affectionately describe as "traditional" transactions.
So what's left for sale??? There are 442 homes available for sale in the Carson Valley today, which is virtually the same as it was a month ago at 443. Mid-April there were 96 homes pending sale. So, the number of homes that have gone under contract has increased 40% from 30 days ago.
So how are we faring in May at a glance? Let's take a look at today's numbers:
- There are 442 homes available for sale in the Carson Valley
- 21 are bank owned and 60 are short sale - 18.3% of the market is distressed
- 134 properties are under contract and pending close of escrow
I am still standing by my opinion that the market is slowly recovering. That does not mean that I don't expect some more bumps and bruises along the way. I think we are at the bottom of the market, and the uptick in sales volume demonstrates.
(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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