Carson Valley Housing Update
The Carson Valley area (Minden, Gardnerville, Genoa) has experienced a healthy increase in prices on a year over year basis (running 19% in October), although the median price ($250,000 for October, 2013) of single family homes remains well below that of the peak ($432,000 in September of 2005).
At the current pricing in October, 2013, we are at about late 2008 to early 2009 (while on the way down!).
While this market is rebounding it is also important to note that during October, 2013, there were only 7 short sale home sales and 2 foreclosure homes sold - making up only 17% of the total sales volume as distressed property.
Broker - CalNeva Realty