Carson Valley Real Estate – Homes Sold in November and December 2010
Here are the sales numbers for November 2010:
- 45 homes sold
- Median asking price is $205,000
- Median selling price is $190,000
- Median days on market is 125
Here are the sales numbers for December 2010:
- 66 homes sold
- Median asking price is $237,000
- Median selling price is $225,000
- Median days on market is 104
So what is the absorption rate for the Carson Valley?
- There are 348 homes for sale in the Carson Valley as of January 14, 2011
- 66 homes sold in December
- 348/66 = 5.27 months of inventory
It's official - We are officially having an housing inventory shortage in Douglas County. Of the 348 homes available for sale, 89 are short sales, and 42 are bank owned. That means 38% of our market is distressed.
(Data provided courtesy of the Northern Nevada Regional Multiple Listing Service and excludes manufactured and shared ownership housing for Area 300, known as the Carson Valley which includes Gardnerville, Genoa, Minden, Indian Hills area of Carson City, China Springs, Spring Valley, Topaz Ranch Estates and outlying areas.)
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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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