How many homes sold in the Carson Valley in July 2009?
Well, today is only Wednesday, July 29th, so the official numbers are still 2 days away, but...whenever it gets to be the last few days of the month, I start itching to pull the Homes Sold in the Carson Valley so I can see how the monthly sales and determine if we're on track. Here's how July is shaping up in the Minden and Gardnerville area:
As of July 29th, here are some market indicators:
- 42 homes have sold in July 2009
- Average asking price is $392,629
- Average selling price is $363,376
- Median sales price is $247,750
- Average days on market is 188
So what can we glean from these numbers you ask? Well, here are the June 2009 sales numbers:
- 56 homes sold in June 2009 (full month)
- Average asking price was $362,924
- Average selling price was $343,345
- Median sales price was $243,500
- Average days on market was 250
This data supports a 'gut feeling' I've had about the Carson Valley Nevada Housing Market for about 6 weeks. Lower end homes are selling with multiple offers and are selling quickly. They are selling for more than the listing price, which is driving up prices in a very competitive market segment.
Since less expensive housing is harder to come by and more competitive, the middle market, which we call the $250,000 - $500,000 price range, is starting to see some movement. It's harder now to buy a house for under $250,000 in the Carson Valley area, so buyers have two choices. One is to buy a more expensive house if they can qualify, and the other is not to buy. Our lower end market has definitely shifted from a buyer's market to a seller's market.
Will this trend last? We've received 4 new REO properties in the last 10 days. The second wave is coming and will prolong the bumpy ride for another 2 years, in my opinion. However, if the buyers today plan to stay in their homes for 5-7 years (as they should at a minimum) they should ignore the immediate market fluctuations and enjoy the homeownership that has become affordable for the first time in a long time in the Carson Valley area.
(Image courtesy of TravelNevada - Flickr.com ... Data provided courtesy of the Northern Nevada Multiple Listing Service and covers Area 300 whicih is comprised 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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