Carson Valley Real Estate - Homes Sold in May/June/July 2010

Hi everyone! First, let me apologize for the lack of recent blog posts and data I’m sure you all hang on baited breath to read! Steve, Jana and I have been very busy helping people buy and sell homes, and if we close out the year as we anticipate, we will have sold over $13,500,000 in homes this year (that’s over 60 properties!) In an effort to catch up, I am going to post two posts for the last 6 months to get us caught up. So without any further delay, let’s see how the market has changed below!

Here are the sales numbers for May 2010:

• 56 homes sold
• Median asking price is $224,000
• Median selling price is $217,450
• Median days on market is 117

Here are the sales numbers for June 2010:

• 53 homes sold
• Median asking price is $225,000
• Median selling price is $215,000
• Median days on market is 85

Here are the sales numbers for July 2010:

• 46 homes sold
• Median asking price is $255,000
• Median selling price is $235,000
• Median days on market is 108

So what does this data tell us exactly? It is pretty clear that our market appears to have stabilized. The fluctuation from month to month from all four indicators is negligible. With our next post, we’ll evaluate August, September and October to determine if the trend continued and if we can demonstrate further market stability.

(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.)