We have had a few new Northern Nevada bank-owned properties assigned to us recently that have had tenants in place. Each time, the Asset Manager for the bank has authorized us to offer a Cash for Keys agreement to the tenant in the property in exchange for the tenant to move out within a defined period of time. Each time, as we discuss the Northern Nevada tenant's rights and responsibilities to be eligible for the Cash for Keys, the topic of their security deposit comes up. Once the property … (8 comments)
gardnerville real estate: UNDER CONTRACT in 12 DAYS! Gardnerville Single Famly Home - 34 Conner Way
- 08/19/09 11:58 AM
UNDER CONTRACT: 34 Conner Way Gardnerville Nevada Single Family Home Offered at $128,900 This bank owned home is super clean and now - it is SOLD! It is a 3 bedroom, 2 bath, 2 car garage home in Pineview Estates, a cute little development just 10 minutes south of town. Built in 2006, this home is on 0.19 acres and is 1,364 square feet. We had an offer within 12 hours of listing this property, but because it was a bank-owned transaction, it took a while to get the bank addendum signed by the buyers, and then get the whole contract … (5 comments)
gardnerville real estate: Carson Valley Market Update: May 2009
- 05/31/09 04:26 PM
The numbers for May are in! 43 homes sold in May in the Carson Valley. We had 37 sales in April and 39 in March, so we're holding steady in terms of volume. The average per square foot price also held steady at $145.06, and the sales price as a percentage of asking was 96.51%. This is one of the primary indicators I feel will show market traction and also will be one of the first to tell us when market appreciation will begin at some point in the future. If homes start selling at what they are asking, then future … (0 comments)
Of the 134 properties pending sale, 18 are bank owned and 53 are short sales. That means the remaining 57 are what I affectionately describe as "traditional" transactions. So what's left for sale??? There are 442 homes available for sale in the Carson Valley today, which is virtually the same as it was a month ago at 443. Mid-April there were 96 homes … (1 comments)
gardnerville real estate: Carson Valley NV Real Estate Market Hitting Bottom: All Signs Say Yes
- 05/01/09 06:11 AM
Could it be true? Could the Carson Valley Nevada Real Estate market be nearing the bottom and stabilizing? I say, YES, and here's why I think so. As I have said in previous posts, I like to follow the numbers, because to me, the numbers don’t lie. I have pulled data from the Multiple Listing Service and here's what I see:
The graph starts in June 2007 and shows an average sales price for each month. If you look closely, you'll see that January 2009 appears to be a low spot. The most important thing to see is the very … (0 comments)
gardnerville real estate: Affordable Homes in the Carson Valley under $250,000!
- 04/02/09 08:43 AM
What makes a home affordable? One opinion could be simply whether a prospective buyer can afford to purchase the home based on his or her individual finances. Before the market went crazy in 2003, there was a formula to determine whether or not a person could afford a home. Lenders strayed from this formula (for reasons I will not endeavor to explain here) but the good news is, the basic formula and idea of how to determine a person's affordability index is back! What is affordable? The tried-and-true rule involves just a couple of ratios. The first is your debt-to-income ratio … (0 comments)
gardnerville real estate: Carson Valley Real Estate Market Update: What's For Sale?
- 03/31/09 05:01 AM
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 / … (0 comments)
gardnerville real estate: It's Springtime in the Carson Valley!
- 03/29/09 01:47 PM
It's springtime in the Carson Valley. Everywhere you look, you see small calves frolicking in their herds, snow melting, fields flood irrigating, and the birds of prey are heading home. Just a few weeks ago, we were covered in snow... Now it's spring, the buyers are out and looking! The days are getting longer, flowers are blooming, alfalfa is sprouting, and the days are heating up! After our last big snow from a couple of weeks ago, we're now enjoying 60 degree days, and people are beginning to plant perennials and start watering the lawn! Springtime is upon us and just … (1 comments)
gardnerville real estate: Carson Valley Market Mid-Month Update: February 2009
- 03/27/09 07:49 AM
With just a couple of days to go in the Carson Valley Real Estate market, already 27 homes have closed escrow and things are looking up! So far this month, all indicators of the Carson Valley market are trending in a positive direction, which really holds a lot of promise for our market. Now, of course, one month does not make a trend, but if you look back from January on the graph below, you'll see that things do seem to be heading in the right direction.
So what can we tell about our real estate market from this graph? … (2 comments)
gardnerville real estate: How successful are Short Sales?
- 03/04/09 02:13 PM
Over the last few months, short sales have been a hot topic in our sales meetings every week in the Carson Valley. There are many agents in our office who have attempted short sales but haven't gotten to closing...Some agents avoid them at all costs, and refuse to even list them. So it got me to thinking, how many short sales actually closed last year in the Carson Valley? In 2008, there were 472 sales in the Carson Valley, Nevada market. Well, according to the Northern Nevada Assocation of Realtors (NNRMLS) only 19 homes of the 472 that sold in … (8 comments)
gardnerville real estate: Welcome Home to 1501 South Riverview Drive, Gardnerville, Nevada $349,900
- 03/03/09 11:15 AM
This the perfect property for the family with toys. There is plenty of indoor storage for an RV, a boat, quads, jet skis, snow mobiles, motorcycles or you name it. The home is a three bedroom plus den/office/hobby room, 2,579 square feet, including an enclosed bonus room w/spa, all super clean and ready for a move in. There are two additional outbuildings - the first is a 24 x 48' detached garage with shop. The larger is a 40 x 42' additional garage with high doors. The home received a new roof in 2002.
This … (2 comments)
gardnerville real estate: Welcome Home to 200 Ray May Way, Gardnerville, Nevada ~ $169,900
- 03/03/09 10:26 AM
Darling, super clean newer home in Pine View Estates. This home is a 3 bedroom, 2 bath, 2 car garage, and is 1,296 square feet. The open floor plan with Great Room welcomes you home. Enjoy country living just minutes from town. Don't let this home's bank-owned status scare you off. This is a great property, the condition is not distressed and available through a very straight forward transaction.
For more information on our listings, please visit us at GreatNevadaHomes.com.
Posted … (1 comments)
gardnerville real estate: Welcome Home to 752 Lassen Way, Gardnerville, Nevada ~ $224,000
- 03/03/09 09:50 AM
This spacious 3 bedroom, 2 bath, 3 car garage home has recently been updated to include a new kitchen sink, new kitchen flooring, new windows in great room, and redone bathtubs. It shows very well and offers a spacious open floor plan with wonderful views. Enjoy the three car garage with plenty of room for a workbench or just additional storage for your toys. The 0.34 acre provides RV access along side the house. Close to schools and services, the location is ideal. Fully fenced backyard for privacy and security. Nice and clean.
… (0 comments)
gardnerville real estate: Carson Valley Market Update: February 2009
- 02/28/09 10:54 AM
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 … (0 comments)
gardnerville real estate: Gardnerville, Nevada - Ranchos Homes for Sale
- 02/28/09 10:01 AM
In Gardnerville, Nevada, there is a neighborhood known as the Gardnerville Ranchos. Here you'll find homes on lots that range in size from 1/4 acre to 1 acre. There are a few duplex and townhome/condo developments, but for the most part, the area features single story ranch style homes, ranging in size from 1,000 to 3,000 square feet. Today, there are 54 homes available for sale in the Gardnerville Ranchos. Prices range from $119,000 to $520,000. The average days on market is 169, and the average price is $248,685. Of the 54 homes available for sale, 19 of them are … (2 comments)
As you can see, 48% of the homes available for sale are asking under $400,000. That equates to 235 homes for sale under $400,000. If you are searching for a home in the Carson Valley, this is a great time to be a buyer. With only 18 homes in the valley selling last month, there is no doubt that buyers are … (0 comments)
gardnerville real estate: Secluded Mountain Retreat: 2500 Leviathan Mine Road, Gardnerville $949,000
- 02/06/09 12:28 PM
Enjoy a luxury, Tahoe-inspired mountain retreat home on 19.28 acres in picturesque Double Springs Valley, minute south of Gardnerville in the Carson Valley. This home is completely upgraded throughout and features breathtaking appointments, including knotty alder trim and doors, granite countertops, stainless steel commercial grade appliances and a lovely, open architectural style. There are stunning floor-to-vaulted-ceiling windows on the south side of the house, overlooking serene Double Springs Valley.
For more information on our listings visit us at GreatNevadaHomes.com.
Posted By: Christianne Gordon - Northern Nevada Real Estate Agent - Realtor with RE/MAX … (3 comments)
gardnerville real estate: Cedar Creek Luxury: 1322 Cedar Creek Circle, Gardnerville, NV $525,000
- 02/05/09 06:37 AM
In the private, gated community of Cedar Creek this open floor plan with 10' ceilings speaks of luxury living. Completely upgraded and built to a high standard, the home features granite slab kitchen countertops, custom hand crafted maple cabinets with pullout full extension shelves, Maytag appliances, A/C, lavish tiled foyer, kitchen, baths and walkways. It features an 84% efficient gas Extraordinair fireplace that generates 43,000 BTUs (best in it's class). It has stunning views, is completely landscaped and in turn key condition.
For more information on our listings visit us at GreatNevadaHomes.com.
Posted By: … (2 comments)
gardnerville real estate: Carson Valley Real Estate: Diamond in the Rough - Horse Property $174,900
- 02/04/09 07:31 AM
This home, located at 1334 Marlette Circle, in the Gardnerville Ranchos, is a true diamond in the rough. With a little bit of love, this home could be great. It just needs someone with a little bit of vision. The home is on .51 acres, which makes it horse property, too. The home is 1,497 square feet, a 4 bedroom plus den, 2 bath home. The yard is fully fenced which makes it great for pets or small children. The per square foot price is $116.83, a great value in a valley where the January average per square foot price of … (2 comments)
gardnerville real estate: Carson Valley Real Estate: Best Priced Single Family Home in the Valley! $134,900
- 02/04/09 06:42 AM
Check out this fantastic deal at 657 Bowles Lane in the Gardnerville, Nevada area. The home is a great starter home or a fantastic investment opportunity. The home is 1,064 square feet, a 2 bedroom, 1 bath and 1 car garage home on 0.2 acres. The is fully fenced and the rear yard connects via a double gate to greenbelt - great for hiking, walking or mountain biking. The house also has incredible views of Job's Peak and the Sierra Nevada Mountains. At a price of $134,900, the home is priced at $126.79 per square foot, which is substantially lower than … (0 comments)
Christianne O'Malley provides exceptional real estate service to buyers and sellers in Reno, Sparks, Carson City, Dayton, Washoe Valley, Gardnerville, Minden, Genoa and beyond.
She is a recognized short sale expert across Northern Nevada as a CDPE, SFR and PSC. Considering a short sale in Northern Nevada? Contact her now at 775-881-8223 or chat with her below.
Common Questions by Tenants Living in Foreclosed Northern Nevada Properties
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