Over the last few months, short sales have been a hot topic in our sales meetings every week in the Carson Valley. There are many agents in our office who have attempted short sales but haven't gotten to closing...Some agents avoid them at all costs, and refuse to even list them. So it got me to thinking, how many short sales actually closed last year in the Carson Valley?
In 2008, there were 472 sales in the Carson Valley, Nevada market. Well, according to the Northern Nevada Assocation of Realtors (NNRMLS) only 19 homes of the 472 that sold in 2008 were short sales.
Comparatively, 110 of last year's 472 home sales were bank-owned properties (REO). That means that 23.3% of last year's home sales were bank owned, 4% were short sales, and the rest - 72.7% were traditional transactions...you remember those, right? Those are the transactions with a motivated seller and a ready, willing and able buyer.
Data is courtesy of the NNRMLS for area 300, excluding manufactured and shared ownership housing.
For more information us on our listings, please visit GreatNevadaHomes.com.
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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