Dayton NV Homes - October 2009 Dayton Valley NV Real Estate Market Update
We had 32 home sales in the Dayton Valley in October 2009, another marked increase over October 2008 when 18 homes sold. October makes the third month in a row where sales volume has (nearly) doubled year over year.
Here are the statistics for Dayton Nevada Homes Sold in October 2009:
- 32 homes sold
- Average asking price is $171,161
- Average selling price is $166,584
- Average days on market is121
So what is the absorption rate for the Dayton Valley?
- There are 100 homes on the market as of 11/4/09
- 32 homes sold in October
- 106/27 = 3.13 months of inventory
The absorption rate for the Dayton Valley continues to be strong and under the 5-7 months considered a normal supply. Dayton's affordability over neighboring Carson City, Reno / Sparks or the Carson Valley continues to be a big attraction over the higher priced areas.
Of the 100 homes on the market, 24 are bank owned and 20 are short sales. The number of homes on the market continues to shrink and buying activity is holding steady. This is why we're seeing increases in the asking prices and selling prices in Dayton. With such low inventory, the Dayton Valley Nevada real estate market is furthering our opinion that it has become a seller's market.
(Data provided courtesy of the Northern Nevada Regional Multiple Listing Service and excludes manufactured and shared ownership housing for Areas 420, 416, 414, 412, 410, 402, and 403 known as the Dayton Valley and the outlying areas.)
Posted By: Christianne Gordon - Northern Nevada Real Estate Agent - REALTOR® with RE/MAX Realty Affiliates, specializing in Carson Valley Real Estate & Northern Nevada Homes
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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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