As of March 31, 2009, there are 443 homes for sale in Carson Valley. The total number of homes available for sale continues to decrease. Two months ago, there were 485 homes for sale, and 5 months ago, there were 574.
Of the 443 homes available for sale, 27 are bank owned and 48 are short sale. That means that 75 homes are distressed, equating to 16.9% of the market. That is a significant decrease from my last market analysis post 60 days ago where distressed properties made up 19.1% of the market.
Today, there are 96 properties under contract / pending in the Carson Valley. So how does this affect the absorption rate? Let's take a look...
- The Carson Valley currently has 443 homes on the market.
- In March, 39 homes sold
- 443 / 39 = 11.39 months
We are still quite a ways away from a "normal" market of 5-7 months, but we're heading in the right direction!
(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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