Carson Valley Market Update: February 2009

By
Real Estate Agent with RE/MAX Realty Affiliates BS.143506

Again this month, the last day of the month falls on a weekend day, and thus, the February sales results for the Carson Valley are available!

We had 22 homes sell in the Carson Valley this month. Believe it or not, that's actually better than January 2009, when we had 18 homes sell in the valley.

The good news is, inventory is still at a recent all-time low (there are currently 478 homes for sale), interest rates are great, and with banks listing bank-owned homes are incredible prices, the market is priming itself to bottom out and begin it’s slow climb out of this mess.

Next week will be a very exciting week in the housing market when the government unveils it's new housing rescue plan. As per FinancialStability.gov, last month Treasury Secretary Timothy Geithner outlined a comprehensive plan to restore stability to our financial system. In the address, Secretary Geithner discussed the Obama Administration’s strategy to strengthen our economy by getting credit flowing again to families and businesses, while imposing new measures and conditions to strengthen accountability, oversight and transparency in how taxpayer dollars are spent. And Secretary Geithner explained how the financial stability plan will be critical in supporting an effective and lasting economic recovery.

The formal provisions won't be available to the general public until March 4, so only then will we know how this plan will assist both current and future homeowners in Northern Nevada.

For more information on the Carson Valley, email me at christy@greatnevadahomes.com or visit me online at www.greatnevadahomes.com. For more information on Carson Valley Sales Results, visit us at GreatNevadaHomes.com.

Our home sales data is courtesy of the NNRMLS, excludes manufactured or shared ownership housing, and covers Area 300, known as Gardnerville, Minden, Genoa, Jacks Valley and Indian Hills areas.

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 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.

Posted by

_____________________________________________________________________________________________________________

Christianne O'Malley, REALTOR®, e-PRO, CDPE, SFR,

RE/MAX Realty Affiliates - Great Nevada Homes, Inc.

Direct: (775) 881-8223

Visit us online at GreatNevadaHomes.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 O'Malley 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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